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RE: Remember When Everyone Was An Awesome Bitcoin Investor?

in #bitcoin6 years ago

Nice post. This is especially true with a new asset class. The .com bubble is a perfect example. It was new. Most didn’t understand what they were investing in. The bubble burst, and many lost a fortune. Finally people grasped what it was, allowing it to rebuild into the massive market it is today. I’m not sure we’ll see a crash like this in the crypto market again. I feel once it does recover, the market will be much healthier and sustainable. Doesn’t mean we won’t see healthy corrections, or even stagnation. but I’d be surprised to see a complete collapse like this again anytime in the near future. Still, your point is a good one...and people should be willing to take profit along the way in any market.

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Yeah, basically it has looked very much like the dot com bubble....just happening even faster. People forget it took 5 years for the dot coms to recover.

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