Just take one look at the bitcoin futures chart and you will see that Bitcoin has topped on 12th April.

The chart I am referring to is not the inaccurate chart data that crypto exchanges provide, it is the actual futures trading data from the CME.

You can find this chart on Trading View 'Bitcoin CME Futures'.

I saw the same amount of FOMO back in 1987 and before the dotcom bubble burst and before the great financial crisis of 2008.

Everyone and their dogs (no pun intended) are currently long crypto and DOGE is a perfect example of a s**tcoin which appears to the naive to be headed to the moon.

I am bullish crypto in the longterm but only after the market becomes fully regulated. I predict only 1% or less of cryptos will survive the regulation process.

Hence the warning. You might make a buck in the short term, but in the medium term I would recommend staying on the sidelines.