Bitcoin, of course, brought great opportunities for people in the world of finance, because it made it possible to conduct mutual settlements between people in various places of our planet bypassing all state conventions, at any time of the day without the participation of third parties, quite quickly and almost anonymously. However, its use mainly as a means of accumulating value led to a sharp increase in its value and therefore it began to manifest itself as a financial bubble. Of course, it changes and will change the financial world for the better, but raising its price can also destroy it.

when automobiles emerged people tried to make them illegal and ban its use.I am giving that example because it did not work.One way or another automobiles won. Life finds a way.İ think in the long run bitcoin and alts will be like that.Maybe a hybrid system but changed and improved.
Dotcom bubble and price going up uncontrollably for every company in the market is spot on. But not quite right when people are giving that example to tell that everything iin the market will crash and burn and no crytocurrency will be left.
I understand you.İcos and many alts are like that.No product but great value.Just like dotcom bubble.But not ever project crashed and burned.Yes crashed very badly but hold their ground like amazon, google and yahoo.they are born from that crash.If people are giving that example than they would mean that the real good coins will be here in the long run.I guess people who are giving that example to me does not know what dotcom bubble really is

The dotcom bubble comparative is acceptable due the endless influx of nonsensical altcoins getting millions worth of funding. This is what makes Bitcoin look bad in the eyes of potential serious investors, they see a bunch of trash getting hyped and they think it's all a joke. There is a lot of people out there with a lot of fiat to spend on the latest and greatest, and they get advised to buy some ICO instead of buying Bitcoin. The bubble will keep growing for as long as other's have success stories to talk about. At some point it will collapse and there will be no winners to keep attracting capital. This will be the end of the bubble and we'll have a period of a general consensus of "crypto being dead". At some point, BTC will go up and FOMO will kick in again like never before.

If you want to know what that will look like, look at the Amazon stock in the dotcom burst and look at the current price.

the thing about "bubble" is that at some point it started being used as a tool to scare people. they have turned it into a scary word. you never read "bitcoin is in a bubble" or "...was..." you always read "bitcoin is a bubble". and the articles saying that are always hinting that bitcoin is all bubble and nothing else and will die, blah blah....

the fact is just like any other asset with value, bitcoin also goes into bubbles. we have had many bubbles in the past ranging from small ones to gigantic ones. the latest was $20,000 bubble. but the thing that none of these articles will ever mention is that just like any other asset the bubbles pop and the market corrects itself and gets ready for the next chapter. and bitcoin is not at that point. we have had our bubble pupped and the market was corrected. we even had a bigger drop than the correction so if anything we are in a negative bubble which means underpriced bitcoin.