Every time Bitcoin hits an all-time-high, these news articles get posted. "Oh, it's all a bubble! Surely, it will all come crashing down.". But now you also see

Every time Bitcoin hits an all-time-high, these news articles get posted. "Oh, it's all a bubble! Surely, it will all come crashing down.". But now you also see analysis posted like: http://fortune.com/2017/07/03/goldman-sachs-bitcoin-price/ http://fortune.com/2017/07/03/goldman-sachs-bitcoin-price/ Anecdotally, but you can also see the trends in wallet increases, nearly everybody I know under 30 owns crypto. Will there be a bubble bursting? Sure, much like the dotcom bubble, crypto will see its downtrend too. But look where we are now. Businesses like pets.com could thrive. Not all early internet developers got rich. People who bought domains like pets.com and pizza.com got rich, and they did not need a lot of technical know-how. If they did, the internet would have always been the playground of highly technical people, and would not have seen wide adoption or eternal Septembers. I first got into Bitcoin around 2013 after lots of articles were posted about it on Hackernews. Second stint in 2015. Finally started again two months back. There is still (a lot of) money to be made. Some people say I missed the boat by not buying the outlier BTC when it was 1$, but I could have also bought it at 50$ or 200$. Heck, you think Bitcoin is going to stay at 3300$ forever? Ethereum was 1$ 2 years back. That's a 200x-300x ROI there. I have no doubt some newer coins will do an easy 5x in 12 months. Past two months for me have been life-changing (possibly life-changing for my family too). Some of these crypto companies are going to be the next Google's. Or they will use their winnings (or ICO) to bootstrap a competitor. Are there scammers, hackers, hoaxers? Yes, it is still very much the wild west. Compare your email box around 2000, and the amounts of spam you had to sift through. Some less tech savy and/or naive people will get suckered in and some people will invest more than they can stand to lose. This is unfortunate, but beyond my control. I may even make some money of their irrational behavior. But people who read HackerNews? I've no doubt they can sift through the crap to find the diamond mines in the making. To spot if a team is technically advanced or just faking their marketing and headcount. About the blockchain. To me it is like the early days of the internet ~1997, but for the financial world. It has the potential to disrupt Central Banks, FinTech, Money Transfer, Micropayments, Identity & Privacy, Money lending, Smart Contracts, Provenance, IOT, ... Far from boring, far from bubble. This month will see the third wave of large-scale Bitcoin interest. I've spoken to web developers that are learning blockchain and smart contracts to prepare 3-5 years out. People are actually betting their livelihood on this technology. Is that a guarantee that the crypto market cap will increase? No, but it is a sign of the times we live in and the sweet spot that Bitcoin hit this month.