Bitcoin vs "Dot Com 'bubble'" - page 2.

Toxic2040

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I just commented on this very issue in another thread.

Guess I'll just quote myself. Grin

Quote from: Toxic2040 on January 04, 2018, 02:00:46 AM

Everyone keeps going to the the .com bubble..its really the only modern thing we can equate with the rise of cryptocurrencies. Yes..many of those companies crashed and burned. But dozens are now billion dollar+ entities. I paraphrase what I said in another thread..can it be a bubble if your filling empty space. This is something new. A paradigm shift if you will. Global markets and Sovereign states are being dragged into this new "space" wither they want to come or not. Of the estimated 80 trillion in "broad" money out there crypto is going to grab a large chunk. Never all...there will always be a need for coin and cash...and other commodity's. Is getting 50% of that unreasonable? Maybe...but I think it will easily double from where it is now..and double again.

CryptosapienZA

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I think the value of the cryptocurrency marketcap will grow even bigger the dot com era. What people misunderstand about the .com bubble is that the .com era continued even after the bubble had burst.. The same will happen to the cryptocurrency bubble. I am not even worried or concerned.

CryptoBitCoins

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Bitcoin can not be compared with dot com, because it seems to me that bitcoin is already the next step in the Internet business. Since there is a huge experience obtained since the late 90's, bitcoin thoroughly and deeply penetrated our consciousness and convinced that it is the future. I think bitcoin is an excellent business idea that will certainly continue to develop.

HeRetiK

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Playgram - The Telegram Casino

Quote from: HabBear on January 03, 2018, 02:11:53 PM

This thing is absolutely similar to the dot.com bubble!

What the media doesn't explain (or realize) is that Bitcoin is the Google of the dot.com bubble, Ethereum the Amazon, Ripple the PayPal. And all three of those dot.com companies have flourished since the bubble burst. What bubbles do (when the burst) is flush out the garbage.

[...]

Quote from: gentlemand on January 03, 2018, 02:17:36 PM

They are not companies but this is exactly same behaviour as the Dotcom bubble. I think looking back in a few years time the parallels will be uncanny.

New tech, largely worthless initial applications are hyped by people who understand nothing about them, people eventually realise they're worthless, massive crash. The real tech reemerges a few years later and becomes a global beast.

[...]

Yep, cryptocurrencies as a whole are definitely in a bubble and there will be consolidation further down the road.

What often gets ignored though is that not all companies where hit equally hard by the bubble burst. A lot of companies prospered afterwards. Those that dropped the hardest didn't have much to offer to begin with.

You can expect the same thing to happen with cryptocurrencies. Also remember that the dotcom bubble was just the beginning of a new era. While speculators failed to correctly gauge which parts of the ecosystem would succeed, the industry as a whole shaped the world beyond their wildest expectations. They were not wrong, they misjudged the details... and the timing.

gentlemand

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Quote from: Beefcake on January 03, 2018, 01:56:15 PM

Anyway, the .com bubble was a strange beast. Startups were getting funded that shouldn't have. Companies were valued in the billions without having ever turned a profit.

They are not companies but this is exactly the same behaviour as the Dotcom bubble. I think looking back in a few years time the parallels will be uncanny.

New tech, largely worthless initial applications are hyped by people who understand nothing about them, people eventually realise they're worthless, massive crash. The real tech reemerges a few years later and becomes a global beast.

I think a few coins will survive such as Bitcoin. Most of them will be flushed away as the shit they are.

It would be far, far better for everything and everyone if there was a vast crash now before all the world piles in. That would give the time to fix some glaring issues and reflect on the utter crap that got pushed so high.

I don't think it's going to happen though so a lot of shirts will be lost.

Yakamoto

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Quote from: timpace30 on January 03, 2018, 01:48:01 PM

We have all heard that this is all a scam and what not. We all know its utter nonsense when people claim its a scam. Many folks compare bitcoin to the dot com era in the 90's and early 2000's. Do you think crypto currency is capable of reaching numbers as high as the ".com" numbers were? Roll Eyes

Bitcoin and cryptos are already hitting the numbers that were being seen for various companies during the .com bubble, it just depends on what kind of numbers you're actually looking for. A lot of people have already invested their money and added to the hype of the marketplace, now a ton of people are holding or have panic sold because of the slide in the market. I find it kind of funny, personally, because you had the hype and now a bunch of people are being turned off from investing in Bitcoin because they often bought in pretty high ($16k+) and now took a hard L with their financial statement. I expect some other cryptos to shoot into the moon and continue the bubble but we'll see, as always.

HabBear

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Quote from: timpace30 on January 03, 2018, 01:48:01 PM

We have all heard that this is all a scam and what not. We all know its utter nonsense when people claim its a scam. Many folks compare bitcoin to the dot com era in the 90's and early 2000's. Do you think crypto currency is capable of reaching numbers as high as the ".com" numbers were? Roll Eyes

This thing is absolutely similar to the dot.com bubble!

What the media doesn't explain (or realize) is that Bitcoin is the Google of the dot.com bubble, Ethereum the Amazon, Ripple the PayPal. And all three of those dot.com companies have flourished since the bubble burst. What bubbles do (when the burst) is flush out the garbage.

There are a lot of ICOs and tokens that are complete rubbish, they have no business model, they offer no problem solving utility to the world. These "companies" will be the ones that fail when the bubble bursts.

The test of whether an ICO has staying power is the following: Does the token and related business model solve a problem for people who are not already interest in cryptocurrency? If the answer is "yes" you've got a great chance and flourishing long term in the market.

coolcountry

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Bitcoin itself is not like the dot com bubble, and cannot be. You can maybe compare ICOs to the dot com bubble, but I think even with ICOs we have reached a certain level of understanding where if an ICO doesn't offer anything new or doesn't look like it can be trusted, then most of the time it doesn't get funded and the ICO fails. So coins are not funded without purpose, and that's why the ICOs will not be like the dot com bubble.

Beefcake

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Beefcake!!!

i'm going to say tulip before anyone else does. There we got that out of the way so we can get on with the discussion.

Anyway, the .com bubble was a strange beast. Startups were getting funded that shouldn't have. Companies were valued in the billions without having ever turned a profit.

There is no similarity between .com bubble and bitcoin, if you know anything about why bitcoin has gone up this year. However the ICO craze does look a little suspicious. I think ico's will colapse and bring all cryptos down, but this will not be the end of bitcoin, merely a good chance to buy some at a discount. Be a contrarian if you want to make some real money!

ajqjjj

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Not your Keys, not your Bitcoin

Quote from: timpace30 on January 03, 2018, 01:48:01 PM

We have all heard that this is all a scam and what not. We all know its utter nonsense when people claim its a scam. Many folks compare bitcoin to the dot com era in the 90's and early 2000's. Do you think crypto currency is capable of reaching numbers as high as the ".com" numbers were? Roll Eyes

What a thinking you have. But use it for right thing dude. Simply want to bitcoin value compared to the .com domains in the world means really stupid comparison having with the bitcoin.
Bitcoin will grows more than the value of diamond, gold and everything equals in one ounce of value.
Really waste of time discuss about it. I am sure your thread will become a redundant thread and goes monkey tail n number of pages.

timpace30

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We have all heard that this is all a scam and what not. We all know its utter nonsense when people claim its a scam. Many folks compare bitcoin to the dot com era in the 90's and early 2000's. Do you think crypto currency is capable of reaching numbers as high as the ".com" numbers were? Roll Eyes

Topic: Bitcoin vs "Dot Com 'bubble'" - page 2. (Read 364 times)