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People have said "tulips and crypto" when bitcoin was at $800, $5000, $20000, and now at $50000. I wonder when (if) it will stop? I also wonder if crypto valu

People have said "tulips and crypto" when bitcoin was at $800, $5000, $20000, and now at $50000. I wonder when (if) it will stop? I also wonder if crypto valuations are a reflection of truly "free market" economics. Where there is little-to-no barrier to entry as a creator or an investor, and there is complete impossibility of counterfeiting assets.

dannyw 5y ago
No, it's not. Have you tried crypto projects? Scams and rug pulls are rampart. It's a wild west, and really not a good way if you are trying to invest in anything that's not Bitcoin or Ethereum.
deepsun 5y ago
Side-thought: User A "invested" $100 dollars into Bitcoin, thereby raising its price a little. Then, they accidentally lost the key (broken hard-drive, stolen laptop, forgot password etc). But Bitcoin price is still raised a little.
michaelt 5y ago
If someone thought bitcoins were overpriced tulips at $500, why would they change their mind when they reach $50,000?