Originally Posted by
wufwugy
Yet, it is very likely that one day cryptocurrencies will do what people today think they will. That is essentially the base for the enthusiasm of cryptocurrencies.
Even if we look at the dot-com "bubble", the same is true. Investors were right, there was something very big to be expected. Today the value of dot coms are far greater than when the "bubble" was at peak. Problems involved things like individual investors were maybe getting specific investment decisions "wrong" or that information changed in such a way that people thought it was a bubble so they started acting like it was a bubble.
But we know by now that the reason for enthusiasm in the dot coms was a good reason. When it comes to cryptocurrencies, the forest is most likely there, but that doesn't mean that lots of people might not be climbing up the right trees.