Bitcoin is very easy to label as a bubble...but in reality very tough to put a true value on..
Once bigger financial establishments start purchasing bitcoin & other crypto curriencies...
You'll see more stability in these markets.
Right now this pretty much a speculators market.
Dont believe me?
Look up how many TA guys were WRONG in the last 3 weeks regarding BTC..
From what i've seen in the last 3 years...
-BTC seems to crash every Q...like clockwork.
-BTC dominance is something for those of you heavy in alt coins to study...once BTC dominance hits 45-50 %. Alts tend to be cheap in this range...and this is now a accumulation phase.( now in a few years,that might not be so if alts start surpassing the stranglehold BTC has over them)
Math & charts are great...but this market is heavily hype driven .
Oh BTW for those thinking that BTC dropped because of tax season (because investors would need to sell to pay taxes)
That is the weakest excuse ive heard.
Not ALL folks in crypto...pay taxes on them (if im not mistaken the IRS said only 800-900 coinbase users out of 14,000 reported crypto on their taxes. thats slightly more than 5% )
thanks again for the post @zer0hedge