You are viewing a single comment's thread from:
RE: Why this Crypto Bubble is Good
Nice post but a big difference with the dot com bubble is that the dot com's were far more mainstream and owned by the public, crypto is not. People on these boards and other crypto circles vastly overestimate the public's involvement in crypto. The average person (or even above average person) has no crypto holdings, most professionals have no crypto holdings, the baby boomers generally don't even know what it is let alone own any, it's nowhere near mainstream yet and won't be until you can purchase it via a brokerage account, or when it's recommended as part of an investment portfolio by investment advisors, mutual funds etc etc
This doesn't change the fact that both act similarly with similar consequences, hence the point of the post. The aim of the article is not to overlap apples and oranges but to understand the underlying factors of why market movements are stimulated by the same root emotions and what happens during the fallout.
There is also the consideration that what we're experiencing is not the true crypto 'bubble' over the last few months' correction but an initial bump in the real bubble yet to come when cryptos are in fact more widely consumed, integrated into investment options, are purchasable on Robinhood, etc. Regardless, I think we'll see similar action and development in the ecosystem of blockchain as we did in the DotCom era.
Cheers @nrad.
Agreed, hopefully the recovery & larger bubble begins to form soon because I simply got in at the wrong time and sitting on huge losses.