DOT COM Bubble was $5T, why do people compare crypto market cap when it's a fraction of that?
Seems like we may be a few more cycles away from some serious numbers?
DOT COM Bubble was $5T, why do people compare crypto market cap when it's a fraction of that?
Jaxson Ramirez
Oliver Bennett
You should use quant brah.
Josiah Martin
Because people here think < 1 trillion global mcap is "mainstream" lol.
Wyatt Sullivan
Crypto has atleast 10+ years development to go b4 will be ready for mainstream adoption
Ian Campbell
kek. the whole market is setting up for a 10x. 2-3 trillion within 8 months.
Austin Rivera
>peak market cap $.8T USD for literally worthless ponzi coins without any real usage
>"we're still CYCLES away from a bubble, right guys?"
fucking kek OP is retarded
sage
Brody Rivera
If you think crypto is based on 0 value and it is only a ponzi, you are not gonna make it
Carter Myers
Kek if you think these shitcoins useless you should look at some of the failed IPOs during dotcom. Stuff that make link look useful in comparison
Oliver Morris
Fuck you tranny. Link will kill your fucking parents.
Kayden Watson
Because the dotcom bubble involved real companies with real services, like Ebay, Amazon, and, Akamai.
Cryptocurrency is just tokens that produce no cash flows and have no tangible products.
Josiah James
crypto market cap and stock market caps are two very different things
real money represents entire stock market cap, but a shitcoin can have a mc of 100b while only having a circulating supply of 1/10th that and a traded volume of like $100,000
Andrew Watson
Why did you draw that line on the chart?
Ryder Gomez
>Cryptocurrency is just tokens that produce no cash flows and have no tangible products.
Amazon doesn't pay dividends or do buybacks. Holders don't earn anything by the virtue of holding, so it doesn't generate any revenue for investors.
Hunter Morales
Theta token tho
Parker Hughes
just cuz it looks like it's holding support and that's a monthly chart so maybe strong line
David Reed
BIX for example is Bibox exchange's token that pays dividends based on weekly volume on the exchange. How is that any different than a stock?
Luke Moore
Plz
No, it REALLY didn't
Only about 1/50 dotcoms survived the dotcom bubble
Only about 1/100 companies actually became successful
Isaac Powell
I do not understand this argument. What will occur if every company in the future becomes decentralized and their shares are represented by a token instead?
Lincoln Evans
he still thinks cryptocurrencies aren't real hahahahahhahhhahahahhaha
Levi Johnson
they are real in the sense monopoly money is "real"
Juan Green
Absolutely this.
Colton Rodriguez
Cryptocurrency is very similar to DOT COM BUBBLE it will deflate and like the Internet will become a global phenomenon- the next multi trillion dollar industry
So you better get in now!
Blake Wilson
Gob darnit!!!!
None of you idiots know anything about the dotcom bubble!!!!!!
It was EVEN WORSE than the cryptoboom !!
Everyone and their mom was making an ICO with completely NOTHING behind them.
3/4 of the internet companies were nothing but pure exit scams !!
Atleast crypto has a barrier of entry that you need to be able for make quasi working coin but the DOTCOM bubble had none of that! 100% on paper bs
Adrian Hughes
Where on that chart did it drop 75%
Asher Hill
They are young. Have mercy. I lived through it and I know.
Cooper Turner
Bitcoin doesn't pay dividends. Who cares if it is worth thousands of times what it was ten years ago. More like buttcoin, heh.
Liam Reyes
>Atleast crypto has a barrier of entry that you need to be able for make quasi working coin
Are you literally unironically retarded? Anyone and their mom can create a fucking ERC20 token.
>ICO
It's called IPO, you subhuman.
Asher Sanchez
You is retarded sir.
Christian Bennett
>Anyone and their mom can create a fucking ERC20 token.
Can you though?
Adrian Anderson
Who actually uses this bit shit again?
Who actually uses the internet again?
Grayson Sanders
It's still at least 10x harder than it was to start a dotcom.