I can understand that point of view...and I agree...most of the "haters" are silly, to say the least. But you have to admit that the hype is getting frenzied. People are now buying these cryptos with completely unrealistic expectations. They honestly think they are going to get rich overnight. Maybe they will...but then again...

I also keep hearing the argument that virtually no one is buying cryptos yet....and I agree with this. Personally, I know of only one other person on the planet (personally) who buys cryptos aside from myself. But I would not take this to mean that the public in general is simply waiting on the sidelines and will eventually get in. The price could go to a million and I suspect a vast majority of people will never get in. Remember, the Baby Boomers are a large generation...and certainly not tech savvy.

Bottom line: As the price and market cap grow, so does the risk. Everyone involved in this market seems to be going nuts, starry-eyed with delusions of financial grandeur. But let's not forget, while these cryptos are soaring to all time highs, the metals are basically at all time lows.

What would the intelligent investor make of this situation?

Hope I'm not a hater....but I am beginning to grow concerned and have recently begun selling my ETH. Yes, it's hard to watch the price make new highs, but so be it. I was lucky to get in early.