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RE: Is Crypto in a Hyper Bubble? Is it Not? Here is a NEW Technical method to know
The theory is flawed in several ways. Stocks are not only valued by p/e. For certain stocks it makes more sense to value them by price/book value. If you apply this measure to the crypto space, a solid developer team could fit in as human capital. Another thing is how well each project is financed.
Imagine if vitalik buterin quit Ethereum tomorrow. You would be lucky to get 200 dollars for your eth once it got known. Ethereum would go on with it's business as it has, but suspicion and mistrust would collapse the price.
Fair enough that P/E isn't the only way to value stocks. However, it was more of a stepping stone to provide some common ground, as an analogy, to the Market Cap : Daily Transaction Volume ratio.
And you're right about the fundamental issues inherent with the performance of any specific Crypto in the space. Do not deny that at all. However, what I tried to do here was focus on the Technical Analysis instead since the Fundamentals are a whole other story :)
Thanks for the thoughts!