In Dot com bubble everyone gave up. In crypto people are still buying shitcoins at the "bottom".
TheKujiras
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@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.
supremetrejdr
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@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.
TheKujiras
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@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.
supremetrejdr
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@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.
TheKujiras
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@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.
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.
VisionCodeX
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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."