Bitcoin is in a bubble. I finally decided to study the market from an engineer standpoint and Bitcoin is in a bubble. NOW Ethereum on the other hand, from a technology standpoint, is actually pretty cool. Ethereum has a utility in being the lubricant for businesses to get crowd sourced funding. Do I suggest you use these coins as currency and margin trading with anything other than gambling money? NOPE! Don't do it! What's important here is not to look at the USD to Bitcoin but the separation between Bitcoin, Litecoin and Ethereum. The separation is not healthy because Ethereum specifically has way more utility then Bitcoin. Bitcoin has no contracts and is only rare. As soon as you create another 5000 more of these types these cryptos will not survive the Crypto Bubble. My prediction is people will get their asses handed to them when a major collapse happens in Bitcoin. People will flock to other cryptos then question why Bitcoin took off and they will deduce because it was considered an equal to Gold. From that point people will demand crypto CURRENCIES to be backed by silver or gold or something of value or utility.
The dot com bubble was similar. The take away was that the internet changed our lives forever. Cryptos will do the same but being backed by air is what will implode. Demanding value or utility to back cryptos will be what we will gather from this crypto experience. Now on to creating my ICO (DMT) for my loyalty business...
