Bitcoin Forum

Hi folks,

Some amazing similarities. We know how many dot.com companies have been successful but also the big number of them crashing during the dot-com bubble.
The best and most famous example of success is Amazon.

Bitcoin could be the Amazon of the crypto market, while the spectacular crash of Ethereum and many other altcoins is very similar to the very numerous dot-com companies that tried to enter the market but failed to grow in the short or middle term.

Exciting times, or depressing times, depending on which coin you are betting on. 2018 definitely a crucial year for cryptocurrencies.

All constructive opinions welcome.

I think it is even worse that dotcom, because blockchain is way more narrow than the Internet. Blockchain promoters like to compare it with other fundamental technologies, but the hype has been around for 2 years and I still don't see any impressive results, it's all mostly just vaporware. So far the most successful application of blockchain is money, and Bitcoin is by far the best case, because it's network is so stable and secure. So, if there will be a big crash, Bitcoin will definitely survive, but outside from some privacy coins, it's  hard to say the same about any other coin/token. Out of all cryptocurrencies and tokens only 10 have any noteworthy network activity, and most of it is speculation.

I think we touched on this a few weeks ago, and we agreed that there are a lot of similarities between the dot.com bubble and Bitcoin, because the smaller companies popped up like mushrooms and they quickly went bankrupt when the bubble burst.

The bigger companies took a lot of damage, but they survived the worst and even grew much stronger than what they were, before the bubble burst. <We are currently in the correction phase of the market and there was already some casualties with the smaller Alt coins.>

Let's hope Bitcoin will survive like Amazon and that we will see the same growth after this correction phase.  ;D

Good example for the bubble story,and more people think that the bitcoin will survive this crash that is why they are moving from their cryptos into the bitcoin we can see that by increasing the dominance level of bitcoin.But ethereum is in crusial stage when we compare bitcoin with it,since the bitcoin manages to stay at above level of $6000 where as the ethereum is falling continuously so investors of ethereum and ICOs were think that this could be the end.

talking about bubbles is best when it is done on a case by case basis because you can't talk about the whole cryptocurrency market like that.
for instance bitcoin bubble was big but wasn't big enough to compare it with dotcom bubble. we are not even close to that point yet and if anything the current price is a huge bubble: an inverse bubble which means price is now lower than real value which I believe is closer to $10k with $20k being its bubble.

as for altcoins cases are a lot and very different. for instance there are small coins that get pumped over 1000% in one day and enter gigantic bubbles but they pop just as fast and go down. meanwhile there are bigger altcoins which have smaller but yet big bubbles like ethereum but they enter it slowly and also get out of the bubble just as slowly.
in the end it will all come down to utilities of each cryptocurrency. when altcoins don't have any utility it makes their value (no matter what it is ) a bubble.

Astute observation. I agree with you wholeheartedly. I've believed the same for a long time.


I've attributed Bitcoin to Google. Ethereum to Amazon. And Ripple to PayPal. But it could go any way. The point is that there were so many other "dot coms" that disappeared in the shake out of the late 1990s. That corresponds well to the 100s of ICOs that have come up and failed (or will) over the next months or years.


People have to take a longer term perspective - not in months, but in years. We've barely ended the first decade of cryptocurrency. There's so much more development and growth potential ahead of us.

Keep sharing your analogy with the 1990s tech companies, it'll resonate with others.

Sure, there are similarities. You know what also seemed like the dot-com crash? The 2014 crash in Bitcoin and altcoins. In early 2014, lots of altcoins saw their first speculative bubbles. By late 2014, sentiment like yours was setting in. Not only was Bitcoin considered dead, but altcoins were considered beyond dead. However, it was the altcoiners buying the blood in 2015 that made the most astronomical gains in 2017.

History tends to rhyme, if it doesn't repeat. I say, give it time. ;)

Interesting thread, i missed the previous one.

It is becoming more and more like a bubble market for a lot of coins and
as Pursuer has mentioned above and has been posted on other threads
that without utility or a proper function a coin or project cannot last.

There is a balance between supply, adoption and utility to make the
project viable and a lot of projects dont have that and so the bubble may
burst for them.

I hope that someday Bitcoin gets as stable as Amazon. Till then, nothing can be predicted as the cryptocurrency market is very unstable. The cryptocurrency market needs to get mass adoption for being more stable.

That's an interesting post. But to become as stable as Amazon, Bitcoin needs to work more on its limitations. There are many potential altcoins in the market which are never like the frenzy dot com sites.

Even though we do not think BTC is a bubble, but looking at the recent market activities, it is a lot similar to bubbles. That is because we are seeing a lot of small companies being introduced but that are soon crashing down. A lot of large companies are taking the fall too, bit since they are stronger, they are able to survive.

But there are a lot of shitcoins as well, thus comparable to small companies during the dot com area that suddenly pop up like mushrooms . They die either by lack of funds or they'd been absorbed by big companies that time.


Exactly, that's the reason why those shitcoins won't survived in this bubble, if they don't have the fundamentals to back them up, sooner or later they will just float in the ecosystem until they slowly down. On the other hand, those who survived in the crisis, more and adopt themselves and grew even stronger and bigger.

it just a matter of time bitcoin wil reach the position of dot-com compaines amazon as bitcoin is getting popular in people , if bitcoin replace the position of amazon i will not be surprised. in crypto market only bitcoin have the ability.

I think Bitcoin will be the Amazon of cryptocurrency and cryptoworld. Bitcoin is the king of cryptocurrency and it is the most valuable crypto. But the terms of total internet area is much bigger than the sence of crypto I beieve.

It is right that there are many similarities between dot.com and bitcoin. But We have to prove that Bitcoin will servive as Amazon. It Bitcoin will servive then bitcoin can be the best as Amazon or more.

for me there are 2 sectors that can be compared to each other but the vision of a "natural selection" among the altcoins could actually be corrected. it is probable that in a few years only a few altcoins and BTC will have survived this selection. we hope to have guessed the few altcoins that will survive

yes and it wasnt too long ago when Ethereum was soaring that some
people thought it would take Bitcoins place at the top.

Im sure there are a lot of people who dont think the current market is
exciting but it is nonetheless , the game is changing and we are all
changing it, Bitcoin, Alt's, ICO's, Mining, Nodes, Exchanges, Threats,
Pressures from outside, the space is evolving

Completely right. You're considering fair the way I was considering. By the way it is additionally genuine that circumstance can alter any time. Out of those crypto money as it were the leading will survive and proceed to develop.

Well the best way to standard on the right side is to look for a project with real community and also aligning itself with laws that might fight against it when regulations is set to kick in.. because lots of projects ignore relevant facts that the future government will scrutinize it's operations. Bet on project with good community and also taking measure to suite in when that time comes

Totally right. You're considering reasonable the way I was considering. By the way it in addition honest to goodness that circumstance can change any time. Out of those crypto cash because it were the driving will survive and continue to create.

The blockchain technology is very workable and efficient. It this current world bitcoin is a top ranking coin and it will survive at any cost if there was big crush it will be survive. The security is also high.

This is very simple in business.There are thousands of company, every company cannot make profit. At the last all the company doesn't exist anymore. Bitcoin is the boss of crypto world. It is domination crypto world from its launch.

It is simple according to market principles.If we establish thousands of company, all will not exist at the last. demand ,supply, utilisation all are depending with market condition.The company can dominate to the last, exist longer. Bitcoin is the first introduced crypto. it is dominating from its birth.

There are huge reason for what Bitcoin is dominating the present crypto world. Among them, it is the first crypto that started new economics. It has got huge popularity among newbies as well as to investor.

We are in an era of digitakized world. Every aspect is changing into digitalized format the monetary system is also changing the stash of national wealth and storiing is now based on gold stash that is urged to change in cryptocurrency. Or in bitcoin.

The bitcoin marketcap affects the entire market of the crypto but ethereum is the second most strong crypto in the market. They are iventually both assets of crpto world but there are some differences in them . Bitcoin is coin of crypto like currency and etherum is more like tokens or in other words contracts.

Yes you are right. I completely agree with you if we talk about huge internet crashes so .com crash is one of the biggest till them many of the companies just vanished in the crash it was like a disatar in the internet but very few just survived like amazon if some crash like that happens in crypto market the only syrvivir will be the bitcoin.

This year was almost a nightmare to the community. Well for some other people this year brought them fortune. Specially for the altcoin users. Many altcoin flourished during this year.

Of course! The capabilities of Bitcoin and the Blockchain technology are extremely promising for possible future developments.

Just like internet this two aspects could finitely change the way we live and greatly improve the inter connectivity of society. It could really achieve a lot more than you and me could expect, since it's possibilities seem to have a really high roof - Even right now.

And just like when internet started. Very few people ever considered it could become what it is today with this huge amount of mass adoption.

Always important to make the distinction between blockchain and Bitcoin or other coins.
The blockchain technology will obviously change the world, banks are already implementing solution to save money on staff, and long process, and make transactions easier, smoother and faster.

Bitcoin on the other hand, I am still optimistic but also still struggle to imagine what exact place it will have in our world, other than a digital gold.