Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
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Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#2Does anyone think that when the crypto bubble bursts, that will cause a stock market level crash?
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#3Does anyone think that when the crypto bubble bursts, that will cause a stock market level crash?
:) , why would that happen?
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#4Does anyone think that when the crypto bubble bursts, that will cause a stock market level crash?
A+... this is like a geek storm in a glass of water... the average investor will not be harmed at all...
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#5Does anyone think that when the crypto bubble bursts, that will cause a stock market level crash?
Not really, but the crypto currency community looks like a pyramid scheme. First users gets most of the coins.
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#6Does anyone think that when the crypto bubble bursts, that will cause a stock market level crash?
I have had multiple affluent friends who are absolutely non-tech non-geek ask me what are the hot coins. They're shoveling tens of thousands of dollars into Bitcoin, Ethereum, and Ripple based entirely on the fact that there's a run up happening. They have no understanding of what it is and the intention is sell to the greater fool after another 10x move.
Maybe it isn't a bubble, but it sure does walk like a duck and talk like a duck.
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#7Internet companies during the dotcom bubble had market value of several trillion dollars.
The total market cap of crypto-currency is still only ~$70 billion. I agree with the principle, but this boom is still pretty modest.
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#8Does anyone think that when the crypto bubble bursts, that will cause a stock market level crash?
Not really, but the crypto currency community looks like a pyramid scheme. First users gets most of the coins.
its actually closer to a multi level marketing scheme, so only slightly less shady. but hey bitcoin works, the others? like gnosis, not so much
Re: Lessons I Learned from the Dotcom Bubble for the Coming Cryptocurrency Bubble
#9Sounds like you're conflating the value of the coins with the corporate value being invested. Corporations are dedicating a desk or a lab or a few staff to Crypto. There may be a decrease in the value of coins but there's no bubble to pop on the organisational side.