Bitcoin vs "Dot Com 'bubble'" | Bitcointalksearch.org

littlebill16

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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

For me I can't see it reaching those heights, I feel like it's revolutionary but not nearly on the same levels. The main thing I think we can draw from the dot com bubble was that it was not really a bubble at all in fact. It just was a pump followed by a harsh correction due to large skepticism but since then it has risen dramatically.

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Quote from: HeRetiK on January 06, 2018, 05:43:09 AM

Quote from: Enjel on January 05, 2018, 08:29:32 PM

Yet we can be pretty sure that we are not at the tipping point yet.

This whole market is certainly a bubble. The question is how long can it be ridden upwards.

Indeed. It's a bit worrying, as the crash will be all the more harder. I guess it can't be helped though.

Quote from: Enjel on January 05, 2018, 08:29:32 PM

And BTW, even after the 80% Market cap drop some theorize will happen "soon", just like Amazon and others during the tech boom, the major coins that survive the collapse will reach new ATHs as they are integrated more fully into society.

So coins like Bitcoin, Ethereum, and sadly Ripple (very overpriced right now, but the banks support it, so it will stay) will be here for the long haul.

Being there for the long haul won't protect any coin from tanking hard though. Once the time comes, some coins will be hit harder than others, at which point we'll see how much of each respective price was real and how much of it was market manipulation and wishful thinking.

I wouldn't worry much, if you actually look at the numbers, you would see that we are still years away from being anywhere close to the peak of the dotcom bubble. Also consider that if bitcoin is the amazon of the dotcom bubble, bitcoin is still tiny to what it could become. As always, pics always work better than words so just look at this for some perspective:

So don't dump your bitcoin thinking it's over when we get to 6.7 trillion as a whole counting all crypto.

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Quote from: Enjel on January 05, 2018, 08:29:32 PM

Yet we can be pretty sure that we are not at the tipping point yet.

This whole market is certainly a bubble. The question is how long can it be ridden upwards.

Indeed. It's a bit worrying, as the crash will be all the more harder. I guess it can't be helped though.

Quote from: Enjel on January 05, 2018, 08:29:32 PM

And BTW, even after the 80% Market cap drop some theorize will happen "soon", just like Amazon and others during the tech boom, the major coins that survive the collapse will reach new ATHs as they are integrated more fully into society.

So coins like Bitcoin, Ethereum, and sadly Ripple (very overpriced right now, but the banks support it, so it will stay) will be here for the long haul.

Being there for the long haul won't protect any coin from tanking hard though. Once the time comes, some coins will be hit harder than others, at which point we'll see how much of each respective price was real and how much of it was market manipulation and wishful thinking.

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

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.

Yeah, most of the coins without real life usage will end up being flushed away and some will not even taste the light of the day. The thing is that most investors are becoming aware of that and hardly will you even see a project without a feasible and usable product or solution to some problems will actually get any fund. However, comparing the whole crypto market to the dot com era is something totally unrealistic.

Bitcoin and dot com bubble is the worst form of comparison anyone can ever make. We all know the whole thing about the dot com bubble and we really do not need to start reiterating that, and for anyone who really understands the technology behind bitcoin, would not even in anyway classify bitcoin era as the dot com era. Bitcoin would grow in value but for the usefulness of it.

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Anything positive you can say about bitcoin now, they were probably saying about dotcoms and 'internet technology' in the 90s. They probably invented the word FUD too. Theyre similar in that they are both two revolutionary technologies and that they got a huge craze of investors at one point that went way ahead of the actual adoption, which eventually grew to meet those prices but not for 5-10 more years

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Quote from: HeRetiK on January 05, 2018, 02:23:40 PM

Quote from: 1Referee on January 04, 2018, 08:29:03 AM

[...]

People back in the days didn't had the technical skills that you are talking about. It was just pump money into anything having to do with the internet, and that was really it.

[...]

Replace the word "internet" with the word "blockchain" and you pretty much get today's market, unfortunately.

Quote from: naidray on January 05, 2018, 09:36:23 AM

[...]

We could have been in a bubble recently or some may still feel we are in a bubble, but this is a market that is driven by supply and demand and as long as what you are holding is always going to be useful and solves a huge problem, which I believe bitcoin and some other coins will do, then I would not classify it as a dot com bubble kind of thing.

That's the tricky part though. Something can be useful and still be a bad investment. To succeed, you need to find something that is useful, solves a huge problem and is not severly overpriced by the market. The last point being especially hard to asses in our case, given that crypto is a new asset class without precedent that one could meaningfully refer to.

Yet we can be pretty sure that we are not at the tipping point yet.

This whole market is certainly a bubble. The question is how long can it be ridden upwards.

And BTW, even after the 80% Market cap drop some theorize will happen "soon", just like Amazon and others during the tech boom, the major coins that survive the collapse will reach new ATHs as they are integrated more fully into society.

So coins like Bitcoin, Ethereum, and sadly Ripple (very overpriced right now, but the banks support it, so it will stay) will be here for the long haul.

HeRetiK

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Quote from: 1Referee on January 04, 2018, 08:29:03 AM

[...]

People back in the days didn't had the technical skills that you are talking about. It was just pump money into anything having to do with the internet, and that was really it.

[...]

Replace the word "internet" with the word "blockchain" and you pretty much get today's market, unfortunately.

Quote from: naidray on January 05, 2018, 09:36:23 AM

[...]

We could have been in a bubble recently or some may still feel we are in a bubble, but this is a market that is driven by supply and demand and as long as what you are holding is always going to be useful and solves a huge problem, which I believe bitcoin and some other coins will do, then I would not classify it as a dot com bubble kind of thing.

That's the tricky part though. Something can be useful and still be a bad investment. To succeed, you need to find something that is useful, solves a huge problem and is not severly overpriced by the market. The last point being especially hard to asses in our case, given that crypto is a new asset class without precedent that one could meaningfully refer to.

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Quote from: CryptoBitCoins on January 03, 2018, 03:22:01 PM

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.

I would rather say the blockchain technology is next in the internet business but bitcoin will always be a part of the day.

We could have been in a bubble recently or some may still feel we are in a bubble, but this is a market that is driven by supply and demand and as long as what you are holding is always going to be useful and solves a huge problem, which I believe bitcoin and some other coins will do, then I would not classify it as a dot com bubble kind of thing.

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Some people speculate bitcoin to be the something similar to the dot com bubble that happened around the nineties. I never think it in such a manner, because bitcoin is something completely technology backed. Apart from that, the service it provides is much big compared to the dot com bubble and real time usage and user community keeps growing.

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Quote from: Parodium on January 04, 2018, 05:58:58 AM

Well Bitcoin is currently mostly used as a store of value, also an investment, it is similar to the dotcom bubble in that regard.

Bitcoin is being used mainly as speculative investment tool. The majority of the people have yet to understand what store of value actually means. And then if people do somewhat understand what it means, there is still a major gap between the side who thinks that Bitcoin is a perfect store of value tool, and the side who thinks that Bitcoin isn't a store of value tool at all.

Quote from: Parodium on January 04, 2018, 05:58:58 AM

However the difference is, it required technical skill and marketing efforts to profit from the .com bubble, whereas bitcoin is finite by design, and hence increases in value due to this design.

People back in the days didn't had the technical skills that you are talking about. It was just pump money into anything having to do with the internet, and that was really it. It resulted in businesses heavily losing money, to still be able to attract millions and millions in capital. It was more a period lead by blind rage buyers.

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Well Bitcoin is currently mostly used as a store of value, also an investment, it is similar to the dotcom bubble in that regard.

However the difference is, it required technical skill and marketing efforts to profit from the .com bubble, whereas bitcoin is finite by design, and hence increases in value due to this design.

Both have(had) the potential to collapse, but bitcoin has more staying power in my opinion.

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Quote from: YuginKadoya on January 04, 2018, 04:02:41 AM

That was back then in the year 2000 and their stocks had evaporated quickly said on the article, I really think they have learned their lesson,

I'm afraid you're giving people too much credit, otherwise this would have been the only bubble in history.

Quote from: YuginKadoya on January 04, 2018, 04:02:41 AM

And this goes to show that even if Cryptocurrency is down at the moment it is not that very much down like dot com did,

Cryptos aren't even down like cryptos were during the busts of 2013. We still don't know whether the slump right now is just a slight bump in an ongoing bull market or just the beginning of what will turn out to be a brutal crypto crash.

Quote from: YuginKadoya on January 04, 2018, 04:02:41 AM

And I think comparing Cryptocurrency with the domain sites or Dot com would sure not do us good, It surely has the same type of uses that is digital but different in the ways that they do.

Yes and no. While cryptocurrencies are fundamentally different from tech startups, there's still some lessons that can be taken from history.

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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

I think before this space takes a deep dive we will see a significantly higher marketcap.
The dot com boom was only in the US. But this crypto thing is a global phenomenon.
When the crash happens, whenever this will be, many altcoins will disappear. After the dust has settled I expect Bitcoin and maybe 5-10 major alts to remain. Then the space will get build again. Crypto currencies in general are here to stay. This is a new market where you are able to trade 24/7. So who knows to what this new market will evolve. But for traders this is THE future market to play at to make some money.

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Quote from: TERA2 on January 04, 2018, 02:17:39 AM

crypto is only one order of magnitude away from the dot com bubble now

I fully agree, but there will be at least one, and possibly more, "waves" to ride up before the big crash happens, including this one.

It is becoming more apparent by the day that the time of crypto has not come to a long halt yet. This wave will continue for at least a little while longer, and is a good opportunity to jump around on alts.

Of course, the industry will survive and prosper long in the future.

Even if you just look at the *international* market cap - it is way way too low. The US tech burst was worth at least 1.2 trillion, IIRC. I'm betting on at least a 1.5 trillion market cap, but we'll see as we go along.

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Quote from: HeRetiK on January 04, 2018, 03:39:55 AM

Quote from: TERA2 on January 04, 2018, 02:17:39 AM

crypto is only one order of magnitude away from the dot com bubble now

If crypto were still one order of magnitude away from becoming a bubble that would be the most bullish thing I've read all day Grin

---

I just found this article from the late 2000's:

http://money.cnn.com/2000/11/09/technology/overview/

By November 9 internet stocks were down by USD 1.755 trillion from their all time highs. That's more than double the current market cap of all crypto combined. And that wasn't even the low point.

So buckle up folks, we've still got ways to go!

That was back then in the year 2000 and their stocks had evaporated quickly said on the article, I really think they have learned their lesson, And this goes to show that even if Cryptocurrency is down at the moment it is not that very much down like dot com did, And I think comparing Cryptocurrency with the domain sites or Dot com would sure not do us good, It surely has the same type of uses that is digital but different in the ways that they do.

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Quote from: TERA2 on January 04, 2018, 02:17:39 AM

crypto is only one order of magnitude away from the dot com bubble now

If crypto were still one order of magnitude away from becoming a bubble that would be the most bullish thing I've read all day Grin

---

I just found this article from the late 2000's:

http://money.cnn.com/2000/11/09/technology/overview/

By November 9 internet stocks were down by USD 1.755 trillion from their all time highs. That's more than double the current market cap of all crypto combined. And that wasn't even the low point.

So buckle up folks, we've still got ways to go!

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Many dot com companies regained their value over 5-10 years and some even went higher. It could be a similar timeframe for bitcoin to actually gain the infrastructure, merchant adoption, and sorting out its scalability issues before making the final move up to competing with first world currencies. Do you honestly see this move happening right at this moment? I dont.

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I think the similarity is that in both cases people invested a lot of money anticipating the widespread use of those technologies, but it was too much too early.

There were many promising companies that ended up failing the same way there are many coins today that will go burst.

The positive point is that years after the explosion, the market cap of tech companies surpassed the highest peak of the bubble, and this time due to mass adoption of those technologies. So, I think if something similar happens, some coins will survive and will get massively adopted.

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Quote from: CryptoBitCoins on January 03, 2018, 03:22:01 PM

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.

To not be comparing it to the dot coom boom would be foolish. You're so concentrated on bitcoin that you're not even looking at the other half of the market. There's altcoins which act exactly like those companies that were being rushed and started up, thrown with funding and unable to capitalize on it. Bitcoin and cyrptocurrency in general is an exactly similar state. Sure, bitcoin can be a great idea, and it can even be the right solution, but that doesn't mean history can't repeat itself. All it takes are the big investors to jump out and instantly bitcoin falls.

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crypto is only one order of magnitude away from the dot com bubble now

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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!

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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

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.

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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'" (Read 364 times)