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I think Bitcoin has been in a bubble but will gradually recover and go on to further highs. Predicting when it will stop dropping and start rising again won't be easier, but that's a trend analysis issue.
I would be concerned that many of the other cryptocurrencies are extremely speculative, where people are pumping them in the hope of making quick profits and cashing out. I think Bitcoin is ahead and is likely to be the one that will prevail.
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