Topic: The market looking more and more like the Internet frenzy at the end of the 90s. - page 2. (Read 332 times)
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.
September 16, 2018, 09:13:56 AM
I hope that someday Bitcoin gets as stable as Amazon. Till then, nothing can be predicted as the cryptocurrency market is very unstable. The cryptocurrency market needs to get mass adoption for being more stable.
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.
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.
September 11, 2018, 12:50:57 AM
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.
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.
Sure, there are similarities. You know what also seemed like the dot-com crash? The 2014 crash in Bitcoin and altcoins. In early 2014, lots of altcoins saw their first speculative bubbles. By late 2014, sentiment like yours was setting in. Not only was Bitcoin considered dead, but altcoins were considered beyond dead. However, it was the altcoiners buying the blood in 2015 that made the most astronomical gains in 2017.
History tends to rhyme, if it doesn't repeat. I say, give it time.
September 11, 2018, 12:47:21 AM
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.
Astute observation. I agree with you wholeheartedly. I've believed the same for a long time.
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.
I've attributed Bitcoin to Google. Ethereum to Amazon. And Ripple to PayPal. But it could go any way. The point is that there were so many other "dot coms" that disappeared in the shake out of the late 1990s. That corresponds well to the 100s of ICOs that have come up and failed (or will) over the next months or years.
Exciting times, or depressing times, depending on which coin you are betting on. 2018 definitely a crucial year for cryptocurrencies.
People have to take a longer term perspective - not in months, but in years. We've barely ended the first decade of cryptocurrency. There's so much more development and growth potential ahead of us.
Keep sharing your analogy with the 1990s tech companies, it'll resonate with others.
September 11, 2018, 12:46:48 AM
talking about bubbles is best when it is done on a case by case basis because you can't talk about the whole cryptocurrency market like that.
for instance bitcoin bubble was big but wasn't big enough to compare it with dotcom bubble. we are not even close to that point yet and if anything the current price is a huge bubble: an inverse bubble which means price is now lower than real value which I believe is closer to $10k with $20k being its bubble.
as for altcoins cases are a lot and very different. for instance there are small coins that get pumped over 1000% in one day and enter gigantic bubbles but they pop just as fast and go down. meanwhile there are bigger altcoins which have smaller but yet big bubbles like ethereum but they enter it slowly and also get out of the bubble just as slowly.
in the end it will all come down to utilities of each cryptocurrency. when altcoins don't have any utility it makes their value (no matter what it is ) a bubble.
for instance bitcoin bubble was big but wasn't big enough to compare it with dotcom bubble. we are not even close to that point yet and if anything the current price is a huge bubble: an inverse bubble which means price is now lower than real value which I believe is closer to $10k with $20k being its bubble.
as for altcoins cases are a lot and very different. for instance there are small coins that get pumped over 1000% in one day and enter gigantic bubbles but they pop just as fast and go down. meanwhile there are bigger altcoins which have smaller but yet big bubbles like ethereum but they enter it slowly and also get out of the bubble just as slowly.
in the end it will all come down to utilities of each cryptocurrency. when altcoins don't have any utility it makes their value (no matter what it is ) a bubble.
September 11, 2018, 12:38:52 AM
Let's hope Bitcoin will survive like Amazon and that we will see the same growth after this correction phase. 
Good example for the bubble story,and more people think that the bitcoin will survive this crash that is why they are moving from their cryptos into the bitcoin we can see that by increasing the dominance level of bitcoin.But ethereum is in crusial stage when we compare bitcoin with it,since the bitcoin manages to stay at above level of $6000 where as the ethereum is falling continuously so investors of ethereum and ICOs were think that this could be the end. September 11, 2018, 12:28:22 AM
I think we touched on this a few weeks ago, and we agreed that there are a lot of similarities between the dot.com bubble and Bitcoin, because the smaller companies popped up like mushrooms and they quickly went bankrupt when the bubble burst.
The bigger companies took a lot of damage, but they survived the worst and even grew much stronger than what they were, before the bubble burst.
Let's hope Bitcoin will survive like Amazon and that we will see the same growth after this correction phase.
The bigger companies took a lot of damage, but they survived the worst and even grew much stronger than what they were, before the bubble burst.
Let's hope Bitcoin will survive like Amazon and that we will see the same growth after this correction phase.
September 10, 2018, 11:57:49 PM
I think it is even worse that dotcom, because blockchain is way more narrow than the Internet. Blockchain promoters like to compare it with other fundamental technologies, but the hype has been around for 2 years and I still don't see any impressive results, it's all mostly just vaporware. So far the most successful application of blockchain is money, and Bitcoin is by far the best case, because it's network is so stable and secure. So, if there will be a big crash, Bitcoin will definitely survive, but outside from some privacy coins, it's hard to say the same about any other coin/token. Out of all cryptocurrencies and tokens only 10 have any noteworthy network activity, and most of it is speculation.
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.
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.
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