I think you are right at some points, but the journey has just started.. because of media attention million of new people are just beginning to discover bitcoin and altcoins and there will be tons of new fiat money invested.
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It is possible, I'm not saying it will crash tomorrow. I'm saying that the situation is getting worse in the sense that there are a lot of people now that have no clue about crypto. And even when the inevitable crash comes, cryptos will rise again at a later date.