The spike in the charts is very similar and the downtrend is very similar. 5k would likely be the low if they were exact but that doesn't mean they will be the same. My point is that we are getting close to the bottom.
You also have to remember that the dot com chart was at the height of the dot com era and right now we are likely not even close to the height of it all considering we are a drop in the bucket when it comes to market caps even at our high.
Just some food for thoughts
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hell yeah, only 15 more years until we make it
I know we are close to the bottom but I already bought a lot in at higher prices and am down thanks to the decrease in price and investing in shitty alts.
I don't want to risk putting my last fiat in at these prices only for it to drop another 20% over the next couple weeks. I imagine this is the situation for most people.
I am a buyer at $375 ETH cause fuck Bitcoin.
dot.com bubble was a bubble because of complete overvaluation of companies who didn't produce any revenue. todays tech is completely different than the dot.com bubble
wasnt the dotcom bubbles worth trillions?
you cant really compare the charts
now do it with a composite index of all the shitcoins retard
I am not going to make it.
The only difference is websites and the internet actually serve a purpose
Bitcoin is literally useless
yea because we dont have billion dollar vaporware white paper altcoins right?
We are far from over we’re just getting started especially in regards to good altcoins. Anyone who thinks otherwise is a delusional fagget. Check this article out medium.com
yeah, so thats why I think we are close. The chart is still useful though since it is a bubble popping
go find a dotcom bubble chart from 100billion to 1trilliom
>the dot com bubble eventually reached ATH and beyond
>therefore, the crypto bubble will reach ATH and beyond
You can't compare dot com to crypto retard OP. Dot com = stock market = companies producing products. Crypto = oil/gold/silver sort of commodities = supply/demand
Yeah, criminals can at least find some use for it.
Literally no one else can though.
Somewhat agree and somewhat disagree. Some projects are somewhat similar to companies in that they produce a service while others are simply just currencies
Don't compare memecash to fucking oil or rare elements lmao.
God you fuckers are dumb.
.....
Except you can create cryptos out of thin air. literally unlimited supply kek
Ugh. Look how depressingly slow the dotcom chart is
>It takes over two whole years just for the main bubble part to play out
>rare elements
oh you mean the worthless investment based on tradition rather than utility or actual rarity
>gold
>not an essential component used in electronics
Did you think the gold 10x in the 70s happened because boomers were starting rock collections
Those graphs all end at the very beginning of January you nog. The level of cope in your post in unbelievable.
You're a dumb fuck
Stocks represent ownership of productive assets that are likely to increase in value. Comparing it to virtual tulips with no inherent or intrinsic value is laughable
hurr muh local hipsters coffee shop accepts bitcorn. It's totally useful guys
Protip for morons: they do that just so cryptotoddler reddits will advertise the shit out of them for free. No sane business wants to be paid in something that can lose 30% in a day
>tfw your brain is infinity
that’s not always the case though
there are many companies that are traded on major exchanges that create shell companies or “holding groups” on islands so americans or outside investors can pretend like they own a piece of it. crypto is no worse than that
>instant remittances
>can send money all over the globe with a push of a button
>cheap money transfer around the globe
>can act as another form of foreign exchange (FOREX)
I'm a total noob when it comes to crypto and blockchain but even I can see the uses behind it other than MUH NEW TECHNOLOGY!!!! You're an idiot if you think bitcoin has no fucking use in today's market.
>Le moron if it looks similar must be the same despite having nothing to do with each other retard analysis
Thank you for your throwing your money away internet finance guru no. 374747484848881233777
This.
Yep it's really good at enriching power producers and being a currency you can't use to buy anything at stores.
Well based off of that next bullrun starts in about a year :(
Guess I'll be wage slaving for a bit.
ADR's still entitle you to the economics of the underlying asset, it's just a more convoluted ownership structure
That’s just means we’re even earlier dumbshit
If prices go lower does that mean we are early...?
Yes
Why?
Whales create a new cheap market after every bubble pop for the poor bastards who bought in and will make it.
This is the Golden Bullrun and it will never end.
100k is the next stop but not until everything is super cheap.
Dont you get it... its a shill factory.
The whales create new millionaires who in turn will shilll the next bubble pop.
>The spike in the charts is very similar and the downtrend is very similar.
But they are not. Also, why did you use a BTC chart that starts at 4000$? Are you 16y/o or just a low IQ adult?
the dollars value is not constant it is not useful as a unit of value
Are you retarded? You can make gold by bombarding lead with protons under intense heat and pressure.
You can create diamonds out of coal.
You are getting a piece of a holdings group or shell company, especially true in countries like China that don’t want whitey having anything to do with their companies but are still happy to take their money. If you’re trading the company short term fine no problem but I feel safer holding crypto over some stocks.
1981 was a good time to pajeet