Till 1st of August it will go down, I think I've read only thoughts on this way... It's a classic effect of a FOMO market... Personally I'm not really worried about it, the bath will kick out a lot of people there only for a quick profits and in the next months volumes will increase again.
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Yes you are right.
That trend will wash out those fast erners.
But hopping the future of cryptocurreny is good enough.
Bitcoin will boost up after a short more down.
Till we invest only what we can lose, even if value goes to -90% we are still fine in reality :)