Author

Topic: Dotcom / Nasdaq trippled after "bubble pop"... (Read 1256 times)

hero member
Activity: 560
Merit: 500
January 20, 2015, 08:07:17 AM
#17
Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

The early Internet was already far more useful than bitcoin. You guys need to provide people with real world use scenarios to explain why bitcoin is so great and why they need it, instead of just making bold claims all the time. I can understand why you do it though, since the only thing bitcoin is really good(?) for is speculating and gambling.

thats my point, the internet was doing something that was completely new.  bitcoin...not so much. and more competition is coming everyday in the form of apps, nfc payments, etc
hero member
Activity: 767
Merit: 532
QE=Willy bot
legendary
Activity: 1120
Merit: 1000
Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.


bitcoin.com was sold by 1M dollars last year.

And now you can do stuff like facebook that might be worth billions, so I guess now the chances are bigger

Buying facebook is completely different than buying facebook.org.  Show me where bitcoin.com was sold for 1 million.


A domain name != a company.  The domain name bubble popped and it will take many many years of inflation to bring those old prices back...  We'll be dead unless there is hyperinflation.

Here
https://www.cryptocoinsnews.com/bitcoin-domain-btc-com-acquired-1-1-million-usd-josh-garza-gawminers/

And domain sales is just a tiny and less significant part of internet, as far I know
full member
Activity: 364
Merit: 102
Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

The early Internet was already far more useful than bitcoin. You guys need to provide people with real world use scenarios to explain why bitcoin is so great and why they need it, instead of just making bold claims all the time. I can understand why you do it though, since the only thing bitcoin is really good(?) for is speculating and gambling.
legendary
Activity: 1722
Merit: 1000
Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.


bitcoin.com was sold by 1M dollars last year.

And now you can do stuff like facebook that might be worth billions, so I guess now the chances are bigger

Buying facebook is completely different than buying facebook.org.  Show me where bitcoin.com was sold for 1 million.


A domain name != a company.  The domain name bubble popped and it will take many many years of inflation to bring those old prices back...  We'll be dead unless there is hyperinflation.
legendary
Activity: 1120
Merit: 1000
Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.


bitcoin.com was sold by 1M dollars last year.

And now you can do stuff like facebook that might be worth billions, so I guess now the chances are bigger
legendary
Activity: 1680
Merit: 1205
Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

Lol I remember of BBS in the late 80's... they were used mostly for porn, and were not user-friendly at all and were full of viruses who charged you on the phone bill.

hero member
Activity: 811
Merit: 1000
Web Developer
Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.
hero member
Activity: 560
Merit: 500
Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.
legendary
Activity: 1722
Merit: 1000
Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Quantitative Easing and stock buybacks caused them to recover to their 2000s highs. Not because those tech stocks really have a better financial outlook.

It will crash again like it did in 2000-2002 and 2007-2009, just a matter of time.
hero member
Activity: 490
Merit: 500
Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

Exactly, it's a technology more than a currency. Look also at mobile phones or Facebook adoption.
sr. member
Activity: 367
Merit: 250
Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble
legendary
Activity: 1568
Merit: 1001
The Nasdaq was helped along by stimulus and bailout money being injected for at least the last 3-4 years, so that was an artificial growth pattern. OTOH, bitcoin is an emerging disruptive technology that will speak for itself and organically bring lots of interest and investment its own way in a much shorter time span.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
or it could take longer than 15 years.  check out the nikkei





http://www.forecast-chart.com/historical-nikkei-225.html
sr. member
Activity: 364
Merit: 250
Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.
full member
Activity: 167
Merit: 101
Seems nice post:

"Let’s All Admit that the Bitcoin Price Bubble Has Popped"
https://www.reddit.com/r/BitcoinMarkets/comments/2srlqm/lets_all_admit_that_the_bitcoin_price_bubble_has/

However, example Nasdaq trippled after so-called bubble pop.



https://twitter.com/bitpump/status/556677080755470336
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