How many times in your life have you heard about a brand new asset class?
Like every embryonic market, it’s volatile, there are not enough participants and liquidity, a few larger players have the ability to shift the price in seconds to make the markets move. It’s a jungle, for now.
I believe in 5–10 years we will see stability in this space, I wouldn’t rule out Litecoin and Ethereum futures either, I strongly believe that Bitcoin was merely a test bed for other futures product, reason Bitcoin was chosen first was because it’s battle-hardened and has stood the test of time.
Is it a bubble? Maybe?
Buy and hold for the long term, that’s my advice.
RE: Since Mid-2016, Bitcoin has had 6 major bear and bull market cycles