I have lived through the dotcom and there are massive parallels. Throughout the 90s everybody was talking about why they would need the Internet when they have

I have lived through the dotcom and there are massive parallels. Throughout the 90s everybody was talking about why they would need the Internet when they have tv and newspapers. Then from '98 to 2000 hyper and hysteria kicked in. Ridiculous funding happened and businesses really started doing irrational things because they thought they'd have their lunch eaten. Everybody new the dotcom bubble was going to pop and it did over the course of 6-12 months. Calling bitcoin a scam or ponzi scheme is really not fair, it dismisses the underlying utility of blockchain. Look at the tech of Ripple, their performance characteristics are aiming at the VISA and AMEX of this world. Bitcoin is turning into the reserve currency of crypto-coins, there are lots of alternatives which better serve day to day transactions. The real point I am trying to make is that right now it feels like we're in HTML 2.0 days and bitcoin is Netscape Navigator. New finance companies are going to spring up over the next few years, in about 5 years they'll start eating into traditional banks. Those banks and institutions will start panic buying. Nobody will know who the next Google/Facebook of the finance industry will be and thats the risk right now. Regarding the price change, you have to be careful. It's not a fiat coin backed by a government, so it's value is purely based on what the guy next to you will pay for one coin. On that basis bitcoin is very risky because it's value to you is $16,000 but your car mechanic thinks it's worth $0.