I am constantly checking https://coinmarketcap.com for spot prices and more importantly in my opinion, the overall market cap.
As I am typing it is pushing toward $97 billion, and no doubt it will surpass that before I lay my head down on a pillow tonight. I am not in any way an expert and this is all new to me. I have been doing fairly well over the past month on the exchanges and I began to ask that burning question we all do when we speculate: is this a bubble?
Although I am completely unqualified to answer that with certainty, it is clear that exponentially people are transferring their wealth into bitcoin and other cryptocurrencies. I have a feeling this is going to be one of the biggest gold rushes in history. I think it may actually even be able to protect the value of the dollar, which I am hoping some people will chime in whether they disagree or agree.
Imagine if traditional investments commonly include alt coin, it may be your best performer, it may be your only performer, but if it is packaged with successful traditional business models, it may have a stabilizing effect to the dollar and Wall Street, which is pretty much doomed to collapse at some point. Maybe I am wrong, but I am interested in learning and would like to hear from you.