In other news, BTC/ETH should replace currency, and every transaction should be on a blockchain! Don't worry, no bubble. Did I mention my upcoming ICO?
[edit: the second half is sarcasm. If the lesson to be learned is that an isolated bubble does isolated damage, it seems to make sense to be cautious before integrating something as speculative as crypto into the rest of the economy.]
Until one or more ICOs bring successful and innovative products. At the fundamental level ICOs are a frictionless way to fund your project. There will be a lot of scams and unproductive projects until the community makes an error correction looking for more due diligence and stronger evidence. There is a huge gap between ICOs and IPOs that make it difficult to fund new companies globally.
But, perhaps I'll be wrong and the price will one day come crashing down to zero, I've just seen literally zero evidence of this happening.
Edit: s/actual/intrinstic/
Can you point to a day in the past when bitcoin was at its actual price, instead of in a swing?
How about today's price? Is it in the swing, or is it actual?
If you and I looked at a chart of the history of btc prices, where would the match points be? In between highs and lows?
So, its more "bitcoin hasn't crashed yet, and has exhibited this trend before and didn't crash then, therefore if I'm not wrong and its still following this trend then it will not crash"