Bitcoin and the dot-com bubble

[fishfry600]

Maybe i'm over analyzing things but Bitcoin is giving late 90s early 2000s dot come bubble feel.
Lets look at the comparisons.

1. Dot com bubble and bitcoin started out with a select group of people knowing about it.
2.Both starts showing amazing returns
3.The media and financial industry hop on the band wagon
4.people who knows nothing about them sees the return investment and start investing shyt load of money
5.Both base on speculations nothing backing them.
6.There's no investment protection so if it bust your SOL.

What you guys think?

 

[2stainz]

its a reasonable concern

 

[itsyoung!!]

I think the investment part is a craze and will eventually topple out (not for awhile though), but theirs actual long term plans for crypto currency

 

[#1 pick]

I wish ya'll knew about how the game is instead of talking down on something you ain't a part of.

 

[fishfry600]

The parallel with the Dot com bubble is real people are taking out mortgage to buy BitCoins.
When the bubble bust

 

[Sovereign]

 

[1 other person]

If the bubble burst it will just give people like me a opportunity to get in cheap. At that point I'll load the boat

 

[Crude Abolitionist]

I wish ya'll knew about how the game is instead of talking down on something you ain't a part of.

/THREAD.

 

[SoSoSlick]

Anyone betting their life saving on gettin rich deserves to lose.

 

[Big Brown Areola]

Nice dolphin nikka.

 

[TNOT]

I think anyone with some knowledge will tell you to research the shyt out of your coins.

nikkas trying to get rich tho....

I played a bought one litecoin and spent 50$ on Alts. when I first jumped in the game. It was up until last month that I felt comfortable entertaing throwing a large amount of cash in the game.

Instead I put 100 in a month. Lost some bread by being emotional, but I eventually found a method that worked for me.

For all intents and purposes if you're just jumping in on the big three, you're chances of becoming a millionaire are sl8m to none. You'd be better of learning and finding 3 or 4 alts you can see making a difference 2, 3 or 5 yrs down thevroad

 

[No..Money..Mo..Problems]

All of people don't know how Bitcoin works it will crash but the price could go alot higher before it does.

The creator of it made a supply of 21 million that could be mined over time. In the earlier days where the price was low miners needed an incentive to mine these things cuz they accrue a big energy bill. As the price goes up and the unmined supply goes down the miners reward for each block chain gets smaller. A year or so ago you would receive 50 Bitcoins for every block chain you mined now it's down to like 12. In 2011 there was a 3 million supply out there out of 21 million now its up to 16.5 mill out of 21 million. So literally the price of this thing is literally designed to go up since miners are big part of what keeps it going. Without the miners transactions can't be verified and thus Bitcoins are worthless cuz nobody can receive or send Bitcoins anywhere.

It was designed to be like gold but unlike gold there is no middle man that has to verify your transaction and receivers a little on the side. At some point someone is gonna say I don't wanna pay 80k for a Bitcoin and when that happens and the minable supply is down to like 50k your gonna have a problem. Falling prices and reduced supply of rewarded Bitcoins for miners will be real problem for Bitcoin.

 

[Amestafuu (Emeritus)]

Maybe i'm over analyzing things but Bitcoin is giving late 90s early 2000s dot come bubble feel.
Lets look at the comparisons.

1. Dot com bubble and bitcoin started out with a select group of people knowing about it.
2.Both starts showing amazing returns
3.The media and financial industry hop on the band wagon
4.people who knows nothing about them sees the return investment and start investing shyt load of money
5.Both base on speculations nothing backing them.
6.There's no investment protection so if it bust your SOL.

What you guys think?

Same with a lot of these start ups that get funding and aren't in the green yet from Spotify to Uber. If self driving cars don't get operational soon they will not survive.

I'm not an expert by any stretch but the game seems to be about getting your value up and cashing out. It's not anything to be concerned about its just the game. If you can catch that bubble and make some gains why not. Just be aware it's a gamble. Short term gains almost always are.

 

[TAYLONDO SAMSWORTHY]

I just threw some bread into Bitcoin, Ethereum and Litecoin. Let's see what happens

 

[jerniebert]

I've made plenty of money off it already. You can either get on board or stay off. Early investing is always the key to getting good returns. Last month when i started i could have kept doubting it but I said fukk it and invested money I could afford to lose. Best decision I've made in a long time. I'm 4 times the amount I initially invested. No different then the stock market. If it crashes I still only lose what I initially invested. I could cash out today and take a nice vacation. Some times you have to take a risk. Right now this is easy money.