TheKujiras
Long

DotCom vs Crypto Bubble

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just showing comparisons and similarities in market cycle.

Comments

In Dot com bubble everyone gave up. In crypto people are still buying shitcoins at the "bottom".
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TheKujiras supremetrejdr
@supremetrejdr, people were doing the same in the dot com bubble, and while everyone thought everyone gave up and internet was dead in the news, user adoption rate was actually growing. The same thing is happening in blockchain.
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supremetrejdr TheKujiras
@TheKujiras, There is no adoption in crypto. If you asked a random guy on the street what is Ethereum he would not know how to respond.
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TheKujiras supremetrejdr
@supremetrejdr, same thing happened with email in early 90's.... most people didn't really know what email was. Many people thought the @ sign meant "about" ...

Adoption is spreading and I have data I wish I could post here. Look up actual data on how many new users are on blockchain. Verified users* it almost mirrors the dotcom first few years.
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supremetrejdr TheKujiras
@TheKujiras, There's no adoption in crypto. Most coins are still in testnet, some even without a wallet and are worth 1-2 billion market cap. Cardano could be used as a good example.
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TheKujiras supremetrejdr
@supremetrejdr, to say there is no adoption in crypto is blind. In 2017, there were around 80 million user accounts while in 2018 there were about 150 million accounts. The number of verified users also increased from 20 million to 40 million during that time. The number is still on the rise. The adoption rate mimics the boom of the internet almost identically. Look at the statistics. Yes, most coins are in testnet, but that doesn't mean that adoption is falling because 'hype' projects died or because many coins are STILL actively in testnet being developed. Development isn't the end, it's the beginning.
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Amazing work! thank you.
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Playing out nicely thus far. If you look at the Yume Wave (bottom indicator) you can see we should expect a pop up to the top, before a reset of the wave. This should be near the $6k mark before we have a wave reset back to the Miaku and then leg 2 can begin.
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**short since 12/7/17-Present**

The reason why this comparison is flawed and we likely have a lot more room to fall....stocks can be valued, cryptos, cannot. Over +1500 crypto-coins and no one can give me a good reason to own '1' -- expect to gamble (the reasons why 99% of people own it). It's an easy short.

Wrote on 8/9/18: "Just to reiterate my current view on Bitcoin , right now $5,800 is the level to watch. If it can't hold this level and sustain a run from there ( volume will be key to monitor), in all likelihood, Bitcoin will test ~$3K."

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TheKujiras Akhokhar86
@Akhokhar86

If you want to say that stock value can be measured, then yes - but only by their current assets and the current value of the company / the number of shares. That would be an exact. These current market prices have and always will be based on future speculation much like cryptocurrency adoption.

Internet value couldn't be measured in the beginning because there was very little adoption, it was expensive to use, and it was slow. However, investing in projects positioned for growth in internet's future would have been extremely beneficial to your portfolio in 1991.

My point is that cryptocurrency and blockchain project value can be measured by level of demand in relation to supply like everything with value. When a new method of process or improvement to the existing norm is created, it has the ability to dramatically increase demand. When supply is limited, the price increases with demand. Stocks are no different.

Baseball cards have zero use-case value, however certain cards are in limited supply, and the demand is high - thus their price goes up.


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