Topic: Will BTC end like .com bubble? (Read 423 times)

If only its that simple dude. Get out when you seem to be on top, try other investments, then get back at the bottom. Everyone would be rich then. But movement in crypto isn't really that predictable to begin with so even experienced traders often get stuck and are left with holding as the best option.

I am personally a believer in the blockchain technology however will the currency aspect of the tech hold value and become the new way of transacting into the future or will it eventually bust like the .com bubble did? Any educated opinions welcomed.

I think it will crash very low then it might creep up again.  I don't know what is holding it up now.  I sometimes wonder if these figures for exchange  we are given are always a true picture.  How hard would it be just to make them up?

Dotcom buble did not end. A correction came out and prices started increasing again. Look at amazon or apple charts. They decreased when dotcom bubble exploded, but they are now far more valuable than that day.
We should all agree that 20 thousand US dollars was really high and was a real bubble for bitcoin, none of the experienced users would buy bitcoin at that price. This correction was inevitable and necessary. I think we have more way to increase

Well, this is the beauty of it if you can time it right then you will make a fortune, but I'm not confident on my skills to do that, that is why I'm picking only the coins that are the best, that is why most of my money is in bitcoin, even if the market crashes I know bitcoin will still be strong bad coins will disappear but the ones that are any good will keep most of the market and eventually will become part of our everyday lives.

I'm definitely a believer in blockchain technology. I think the entire system and layout of it brings organization and optimization to many tasks of today. I also, however, do like to compare the crypto markets to the .com boom often. I see it like this:

In the 1990's and 2000's people were throwing money at companies and telling them to become as big as Microsoft or Apple. Of course, not every company can perform to this level, so they would end up failing and a burst started. Similarly, people have been throwing their investments into coins that they may not even know enough about. I wouldn't be surprised if some of these coins end up as busts, just as the .com boom ended up. History does repeat itself to an extent.

I definitely believe that there are certain coins that have what it takes to survive and that the originality that they bring to the markets is key. We'll see where the technology goes; I doubt EVERY coin is going to survive.

Im not staying in a market thats going to lost 90% of its value and then bounce back in 10 years. Im going to use that money on other investments and then get back in at the bottom.

The Google of crypto is about to debut

It will scale to do billions of small transactions a day, it will be instant in speed and it will cost nothing for merchants to use.

Merchant acceptance will drive it and consumers join it to get merchant deals only available for the coin.

I've seen a couple of projects proposing it, it's being done with VC dough.

100 Billion budgets

It doesn't use blockchain nor public ledgers

It will bypass the crap coin exchanges

It's value is 1 to 1 to the USD

It will strike like lightning and destroy all existing crypto

Sorry to break it to the altcoiners and blockchain tech purists, but if a cryptocurrency cannot or is not designed to hold purchasing value that incrementally increases over time, then people just won't buy and hold it. Period. There would be no incentive to hold it long term.

They won't even buy it as needed for e-commerce purposes, because most people will just use their existing fiat-based payment systems that work, because no hassle and no overhead.

And what cryptocurrency is best designed and architected to hold value over time? Bitcoin.

If all cryptocurrencies got wiped out one day (btw not gonna happen), then what would they start over with? Again, Bitcoin.

I am personally a believer in the blockchain technology however will the currency aspect of the tech hold value and become the new way of transacting into the future or will it eventually bust like the .com bubble did? Any educated opinions welcomed.

It's gonna end worse.
You had real companies creating huge traffic networks.
The bubble was due to fraud by Turner and AOL claiming they were selling ads for $40cpm
They had almost no sales absolute FRAUD

The sales were almost all even exchanges between AOL and Turner

I'll. Sell you 100 million banners for $40cpm if you buy my 100 million for $40cpm

It's why AOL is now worth nothing

But eventually Google came along and found a market for 5 cent clicks.

Enter the age of Google

Most of the new social media Giants can't justify their market caps

Google the big asset, the rest over valued.

If you actually try to use the bullshit ads of FB and Twitter and IG and Lin

You quickly find out the only network that brings results is Google.

So the whole net comes down to Google, the rest is bullshit.

Now business sites produce income but the value of most pure internet companies is bullshit.


The problem with crypto all the good ideas that did ICOs tied to exchanges that value everything in BTC is BTC has nothing justify it's value with so as BTC eventually implodes that will impact every coin.

Yet crypto is real.

Think of Bitcoin like infoseek in 1996
Now Ethereum is Yahoo
Ripple is Alta Vista

The Google of crypto is about to debut

It will scale to do billions of small transactions a day, it will be instant in speed and it will cost nothing for merchants to use.

Merchant acceptance will drive it and consumers join it to get merchant deals only available for the coin.

I've seen a couple of projects proposing it, it's being done with VC dough.