Cryptomarket ending like the dotcombubble in 90's

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Early 2017 1 BTC was equal to 960$, but last sunday it was over 3000$. Same can be said about ETH it was worth 8$ early 2017 this week it reached 400$.

There are many reasons for the increase in price for example new startups that are supported with ETH, so they can sell their own digital shares(ETH-tokens). Some of them can even reach the moon. Another reason can be that countries are investing in BTC because of their instable currency, countries like Argentine, Boliva and Venezuela, have a high inflation and with BTC it can be stabilized. Even chinese traders use Cryptomoney to send huge amount of money across the border to prevent interference from the government.

Both ETH and BTC had a 20 % crash in value this week in just one day. Huge crash is one of the risks in this market. considering the fact that cryptocurrencies arent connected with a company, price fluctuations are a fact. Sometimes these fluctuation are result of errors in the technology for example in early 2014 when BTC had huge crash from 700$ to 500$ in an hour because of technicalities at Mt.Gox.

Market specialists and investment engineers are already drawing
parallel lines with the dotcombubble in the 90's. As long ppl invest in these coins the value will increase if this doesnt happen the investment will evaporate slowly. No one wants to miss the flight to the moon. But this hype can have the wrong intentions. To this day there are hundereds of coins on the market, but most of them have low liquidity which makes them very vulnerable for price manipulations. Because of the new market and amount of potential in cryptocurrencies attracts investors.

However, the question is whether there is already a good business model based on their work. Blockchain is expected to be very big, but is still in its infancy.

invest now you can otherwise you will miss the flight to the moon