Well most of us who have been dealing with crypto-currencies know that usually a bubble doesn't last this long......, will this one continue.
Honestly with all the price increases in the crypto markets lately, digital currencies are actually raising even more attention. I drive Lyft and also am a cleaner and own my own cleaning company on the side of my regular jobs. I have been speaking with a lot of different people lately as my work offers me an opportunity to meet and speak to a vastly wider variety of people than the normal person. I have to say that with the current run on crypto prices including even dogecoin (lmao i made a mint) this is raising eyebrows, and my regular passengers are now asking how they get into the market. This raises the question will this bubble burst soon....HMMMMM. I can't really speculate as to that but I think the current indicator is that there will be some corrections then another run or two at least on many coins. However some chains like ETHERIUM for instance have become outrageous to use, when less than a $5 transaction costs over 100$ to send that's just counter- intuitive of what crypto was trying to accomplish in the 1st place, they need to control fee's such as this or crypto WILL go to the wayside as banking will again be cheaper, plus people such as myself will altogether abandon that chain until it corrects itself as much as is humanly possible, I say that as I have investments on that chain and it's unavoidable to have to use it for those but for now all my stuff on the Ether chain is basically frozen into place for the most part.
Now dont get me wrong, I love crypto I even like Etherium however when the chain becomes so expensive to use that only the rich can make a transaction we have gone outside the whole scope of reasoning that crypto was even created in the 1st place. In all honesty when a chain gets like that it's just redonkulous, yes i said redonkulous. This kind of hyper inflated fee actually spurs people away from investing in crypto and since Ether is a well known chain some people look at that and say crypto is just too rich for their blood. I understand raising gas fee's but when they go up so high as to make the chain inaccessible to a majority of people we have traveled outside the whole idea of working around HIGH banking fee's. Now I also mine so I dont mind getting a little more for rewards but even I have to say c'mon guys control the inflated prices. There needs to be a mechanism to control this, as a simple exchange of about $10 of one token to another is going to cost over 110$, there's no way to recover from that fee so they need to really get their sh^! together on that front. Btc has been very busy as well but the fee's have never gone SO high that I couldn't recover my expenses, so why is it that BTC can control this but Etherium with all it's "smart contracts" can't. I for one am not sure. But things in the Etherium blockchain have become way overpriced, not the items themselves but in terms of fee's it's become almost unusable unless your dealing with a lot of money and then it still may be the same as I haven't tried to move a significant amount of crypto in a while on that chain as its SOOO very expensive to do so. This could kill Ether altogether as I am not convinced making Ether 2 will even solve this problem, and what about all those assets on the regular ether chain......, I kinda feel betrayed as I feel more needs to be done on the current chain to control things instead of trying to make a new chain and currency, just fix that darned chain so its not SOOOOO volatile on pricing as to make it unusable at times.
I think with currencies that don't have this HUGE knee jerk reaction but a more fluid and stable one such as BTC which does fluctuate but not so severely will take the lionshare of the investments as people such as myself aren't even recommending the Ether chain to anyone and actually are letting people know about that particular volatility, it's not a chain for the common man, but it was presented that way. I almost feel as if that's kinda deceptive as investments get stuck and aren't fluid as they said they would be, one of the reasons I invested into that chain in the 1st place.
All in all though I think crypto is on the verge of another growth spurt as more people see some of us making a good sum of $ in these difficult times, using nothing but our pc and some capital, and sometimes just a rig or two depending on the coins your mining and rig. But the fee's metamask asks for that can be adjusted but sometimes never get onto the chain if you try for a reasonable fee ( I personally have been waiting for a simple exchange for a week) its a 10$ exchange and I adjusted the gas to be about 21$ I can within reason make that back over time, but when a transaction costs 10x the amount your exchanging or sending thats just STUPID, and I mean STUPID.....do you guys even really want people to use the chain is what I have to ask myself in cases such as this and I've been running into this over and over for a couple months now with no freaking end in sight to the hyper inflated prices....its just freaking bullshirt.