The market looking more and more like the Internet frenzy at the end of the 90s.

reactorjuno

member

Activity: 322

Merit: 43

Quote from: xWolfx on October 04, 2018, 07:14:09 PM

Quote from: reactorjuno on September 10, 2018, 11:06:38 PM

Hi folks,

Some amazing similarities. We know how many dot.com companies have been successful but also the big number of them crashing during the dot-com bubble.
The best and most famous example of success is Amazon.

Bitcoin could be the Amazon of the crypto market, while the spectacular crash of Ethereum and many other altcoins is very similar to the very numerous dot-com companies that tried to enter the market but failed to grow in the short or middle term.

Exciting times, or depressing times, depending on which coin you are betting on. 2018 definitely a crucial year for cryptocurrencies.

All constructive opinions welcome.

Of course! The capabilities of Bitcoin and the Blockchain technology are extremely promising for possible future developments.

Just like internet this two aspects could finitely change the way we live and greatly improve the inter connectivity of society. It could really achieve a lot more than you and me could expect, since it's possibilities seem to have a really high roof - Even right now.

And just like when internet started. Very few people ever considered it could become what it is today with this huge amount of mass adoption.

Always important to make the distinction between blockchain and Bitcoin or other coins.
The blockchain technology will obviously change the world, banks are already implementing solution to save money on staff, and long process, and make transactions easier, smoother and faster.

Bitcoin on the other hand, I am still optimistic but also still struggle to imagine what exact place it will have in our world, other than a digital gold.

xWolfx

member

Activity: 322

Merit: 20

Donating 10% to charity

Quote from: reactorjuno on September 10, 2018, 11:06:38 PM

Hi folks,

Some amazing similarities. We know how many dot.com companies have been successful but also the big number of them crashing during the dot-com bubble.
The best and most famous example of success is Amazon.

Bitcoin could be the Amazon of the crypto market, while the spectacular crash of Ethereum and many other altcoins is very similar to the very numerous dot-com companies that tried to enter the market but failed to grow in the short or middle term.

Exciting times, or depressing times, depending on which coin you are betting on. 2018 definitely a crucial year for cryptocurrencies.

All constructive opinions welcome.

Of course! The capabilities of Bitcoin and the Blockchain technology are extremely promising for possible future developments.

Just like internet this two aspects could finitely change the way we live and greatly improve the inter connectivity of society. It could really achieve a lot more than you and me could expect, since it's possibilities seem to have a really high roof - Even right now.

And just like when internet started. Very few people ever considered it could become what it is today with this huge amount of mass adoption.

Nightingale2

newbie

Activity: 43

Merit: 0

This year was almost a nightmare to the community. Well for some other people this year brought them fortune. Specially for the altcoin users. Many altcoin flourished during this year.

KingKongBong4152

newbie

Activity: 70

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Yes you are right. I completely agree with you if we talk about huge internet crashes so .com crash is one of the biggest till them many of the companies just vanished in the crash it was like a disatar in the internet but very few just survived like amazon if some crash like that happens in crypto market the only syrvivir will be the bitcoin.

BlackandRed654

newbie

Activity: 294

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The bitcoin marketcap affects the entire market of the crypto but ethereum is the second most strong crypto in the market. They are iventually both assets of crpto world but there are some differences in them . Bitcoin is coin of crypto like currency and etherum is more like tokens or in other words contracts.

SparklesCoin

newbie

Activity: 317

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We are in an era of digitakized world. Every aspect is changing into digitalized format the monetary system is also changing the stash of national wealth and storiing is now based on gold stash that is urged to change in cryptocurrency. Or in bitcoin.

btchunter786

newbie

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There are huge reason for what Bitcoin is dominating the present crypto world. Among them, it is the first crypto that started new economics. It has got huge popularity among newbies as well as to investor.

Horraygram

newbie

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It is simple according to market principles.If we establish thousands of company, all will not exist at the last. demand ,supply, utilisation all are depending with market condition.The company can dominate to the last, exist longer. Bitcoin is the first introduced crypto. it is dominating from its birth.

pimondcrypto

newbie

Activity: 70

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This is very simple in business.There are thousands of company, every company cannot make profit. At the last all the company doesn't exist anymore. Bitcoin is the boss of crypto world. It is domination crypto world from its launch.

cryptocooper57

newbie

Activity: 392

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The blockchain technology is very workable and efficient. It this current world bitcoin is a top ranking coin and it will survive at any cost if there was big crush it will be survive. The security is also high.

BlackFly

newbie

Activity: 41

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Totally right. You're considering reasonable the way I was considering. By the way it in addition honest to goodness that circumstance can change any time. Out of those crypto cash because it were the driving will survive and continue to create.

EmNg

newbie

Activity: 65

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Quote from: bekkioPEK on September 18, 2018, 03:13:40 PM

for me there are 2 sectors that can be compared to each other but the vision of a "natural selection" among the altcoins could actually be corrected. it is probable that in a few years only a few altcoins and BTC will have survived this selection. we hope to have guessed the few altcoins that will survive

Well the best way to standard on the right side is to look for a project with real community and also aligning itself with laws that might fight against it when regulations is set to kick in.. because lots of projects ignore relevant facts that the future government will scrutinize it's operations. Bet on project with good community and also taking measure to suite in when that time comes

IslandLady

newbie

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Completely right. You're considering fair the way I was considering. By the way it is additionally genuine that circumstance can alter any time. Out of those crypto money as it were the leading will survive and proceed to develop.

aoluain

legendary

Activity: 2436

Merit: 1362

Quote from: reactorjuno on September 10, 2018, 11:06:38 PM

Hi folks,

Some amazing similarities. We know how many dot.com companies have been successful but also the big number of them crashing during the dot-com bubble.
The best and most famous example of success is Amazon.

Bitcoin could be the Amazon of the crypto market, while the spectacular crash of Ethereum and many other altcoins is very similar to the very numerous dot-com companies that tried to enter the market but failed to grow in the short or middle term.

Exciting times, or depressing times, depending on which coin you are betting on. 2018 definitely a crucial year for cryptocurrencies.

All constructive opinions welcome.

yes and it wasnt too long ago when Ethereum was soaring that some
people thought it would take Bitcoins place at the top.

Im sure there are a lot of people who dont think the current market is
exciting but it is nonetheless , the game is changing and we are all
changing it, Bitcoin, Alt's, ICO's, Mining, Nodes, Exchanges, Threats,
Pressures from outside, the space is evolving

bekkioPEK

member

Activity: 356

Merit: 12

for me there are 2 sectors that can be compared to each other but the vision of a "natural selection" among the altcoins could actually be corrected. it is probable that in a few years only a few altcoins and BTC will have survived this selection. we hope to have guessed the few altcoins that will survive

Brutea

newbie

Activity: 38

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It is right that there are many similarities between dot.com and bitcoin. But We have to prove that Bitcoin will servive as Amazon. It Bitcoin will servive then bitcoin can be the best as Amazon or more.

Nightingale2

newbie

Activity: 43

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I think Bitcoin will be the Amazon of cryptocurrency and cryptoworld. Bitcoin is the king of cryptocurrency and it is the most valuable crypto. But the terms of total internet area is much bigger than the sence of crypto I beieve.

AmazingTiger

newbie

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it just a matter of time bitcoin wil reach the position of dot-com compaines amazon as bitcoin is getting popular in people , if bitcoin replace the position of amazon i will not be surprised. in crypto market only bitcoin have the ability.

TravelMug

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Quote from: Tallay on September 16, 2018, 09:16:42 AM

That's an interesting post. But to become as stable as Amazon, Bitcoin needs to work more on its limitations. There are many potential altcoins in the market which are never like the frenzy dot com sites.

But there are a lot of shitcoins as well, thus comparable to small companies during the dot com area that suddenly pop up like mushrooms . They die either by lack of funds or they'd been absorbed by big companies that time.

Quote from: aoluain on September 11, 2018, 01:07:17 AM

Interesting thread, i missed the previous one.

It is becoming more and more like a bubble market for a lot of coins and
as Pursuer has mentioned above and has been posted on other threads
that without utility or a proper function a coin or project cannot last.

There is a balance between supply, adoption and utility to make the
project viable and a lot of projects dont have that and so the bubble may
burst for them.

Exactly, that's the reason why those shitcoins won't survived in this bubble, if they don't have the fundamentals to back them up, sooner or later they will just float in the ecosystem until they slowly down. On the other hand, those who survived in the crisis, more and adopt themselves and grew even stronger and bigger.

VogueaNON

newbie

Activity: 99

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Even though we do not think BTC is a bubble, but looking at the recent market activities, it is a lot similar to bubbles. That is because we are seeing a lot of small companies being introduced but that are soon crashing down. A lot of large companies are taking the fall too, bit since they are stronger, they are able to survive.

Topic: The market looking more and more like the Internet frenzy at the end of the 90s. (Read 332 times)