After a spectacular rise  last December, all cryptocurrencies have since fallen dramatically.  Has the bubble finally burst for Bitcoins and alt-coins?  I don’t think so.

The current cryptocurrency market is very similar to the dotcom bubbles at the turn of the century.  In the early days of Internet, companies rushed to setup “.com” websites to capture mass enthusiasm from public into the promising e-commerce  technology.  As long as your company has a “.com” website and the appearance that you have a working shopping cart and some products to sell, investors would happily fort over their money into your business.

Needlessly to say, eventually the bubble burst and many dotcom businesses turned upside down and people lost money.   However, was e-commerce/dotcom a scam?  Fast forward to 18 years later, e-commerce is the dominating business model and almost all business would have their own company websites that are nicely designed with rich customer features.

Blockchain technology is here to stay.  It is a revolutionary technology that can greatly eliminate the role (and hefty fees) of banks and clearing houses.  After staying the technology behind some cryptocurrencies I don’t believe Bitcoin is a scam.  However, many alt-coins have no solid business plans and offer little values for their customers.  A business has to provide useful value to the public in order to thrive and survive.

The recent collapse of the crypto industry, in my opinion, is a healthy process where good alt-coins will survive while the bad ones will be blown away.  This is how free market works.

I have started investing some money into Bitcoin, Ethereum and NEM, although I am cautious that I only invest what I can afford to lose.  There is still too much uncertainty and volatility in the crypto market.

Friends, if you are interested in cryptos, I found this report pretty helpful and convincing:  Free Crypto Research Report