Comparison Amazon Stock price V/s Bitcoin
Amazon during its IPO in the year it was $18 ... check the current price today..you will be amazed to look at it. During the year 1997 -99 Amazon returned 6000% return to investors ... just quarter of what Bitcoin has returned to investors during 2016 - 17 about 2800%. Further during the year 2009 -10 bitcoin returned only 4000% return.
If you have an apple to apple comparison i.e Amazon stock v/s Bitcoin ...the potential further leg up for bitcoin is tremendous.... there is an inherent connection between Amazon stock price and bitcoin price
Bitcoin offers investors potential multi decades of opportunity rising like Amazon market cap and a price if that will defies the logic or define the logic ...the future shall speak for itself... if history is a testimony that holds value for us today..yes we have the Amazon stock ...
Regards
Shaji
Bitcoin is different than Amazon which is an online retail outlet, both just isn't comparable to each other.
What I meant was that Amazon was the initial product of Dotcom i.e. Internet No.1 ... Blockchain is Internet No.2 ... so what was Amazon to Internet No.1... Blockchain Internet Mo.2 to Bitcoin ..this purely a base case for investment and not pure technical analysis ... I have already mentioned an inherent relationship between NASDAQ index and crypto market cap in totality ...when NASDAQ trends lower .. you will some trending down on crypto market cap.....
Technically I track Bitcoin based on Elliot Wave theory chart...it has 5 phases....
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