I was looking at the previous length of Crypto mania from 3 years ago, we are just a little bit past it now. Should be due for a crash anytime now. These prices are way overinflated past the fundamentals. This will be the 3rd time this has happens , 2013/2014 (MTGOX BTC was up to around 1,200 and crashed down to around 200), 2018 BTC 20k and then later down to like 3k, 2021 50k and down to ??
This time around it's different!!! Yeah right... This is my 3rd rodeo that saw drastic crashing. The people buying in now at 50k are hoping for 200k+. The people selling now are like ok i bought in at 20k last time time to recoup. It is quite a viscous cycle.
And none of this is based on fundamentals. Bitcoin didn't and most cryptos didn't achieve anything significant lately. The bitcoin devs continue to be owned by AXA Venture for 55 million in 2016 ->
So what gives? Mania and FOMO cycle is back baby! It seems to be shortening between cycles. 2013/2014 -> 2018 -> 2020/2021.
You can hedge against it by selling 50/50 if you want(not financial advice). NO matter what happens you can buy on the way down or sell on the way up.
Adding to this post
Investing in BTC isn't due to fundamentals, it's herd mentality. BTC has been owned by Big Banks and Bilderberg(elite society that rules the world) since 2016. I forgot to add this link to my post, seen here https://www.axa.com/en/magazine/axa-strategic-ventures-blockchain
And I did another post 2 years ago that I reposted recently if you wanna learn the truth behind BTC being banker controlled.
BTC didn't have any fundamental change that make the product more sound or better. Ever since BlockStream started BLOCKING THE STREAM by refusing to raise 1MB to 4 or 8 for example, things haven't been about fundamentals. Fundamentals can be found on Bitcoin Cash and other cryptos who are innovating and inventing things. BTC's BlockStream blocked the stream and built side chains in order for them to profit from users using them. BlockStream's Liquid is a service that is only needed because they won't raise it past 1MB blocks. They have you instead go to their service where you pay them to use it https://blockstream.com/liquid/
Fees aren't that expensive currently, but all they need to do is raise it to 2MB or 4MB and their entire business model kills itself. They won't do it, despite many other coins having way higher MB blocks and doing fine provably for years. BTC started out noble and it won't end noble.