My problem with Bitcoin $BTC today vs Nasdaq '99 bubble chart in 3 pictures
My problem with Bitcoin $BTC today vs Nasdaq '99 bubble chart in 3 pictures... chart 1: This is the chart that has been circulating and given negative headlines, scare people..
But $BTC also looks like Japan stocks in '72 (Topix)... in fact, identical...
But '72 for Topix (Japan) was not a top, Topix rose another 16 years and total gain was 400X (over a generation)... Crypto, in my view, is more like Emerging Markets and Bitcoin is akin to Japan... Bottom line: Nasdaq bubble '99 is not only chart bitcoin resembles...
Good point.
The problem is that they are comparing two different entities with each other. It would be like comparing driving to walking. They are not the same. Cryptocurrency is about liquidity, while stocks and futures are about companies with capital, real estate, employees, payrolls, logistics, goods, services, and products. Cryptocurrency and stocks are totally different. Cryptocurrency will be more volatile as they are more liquid. The benefit to cryptocurrency is "time scale". A crash today would not take years for a recovery like stocks do.
Perfect example, I have a friend that rode the 2007 stock crash all the way down and it took 10 years to get back to where he was before the crash. Cryptocurrency will recover much much faster and give many times the returns than stocks.
Keep up the good work.
Thanks my friend, why you not upvote 100% 😑
Hes waiting for you ;)