The market is going through bear days, it's a bit bad, but this is not the end of Bitcoin, it's just the beginning of a revolution called Bitcoin.
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(Remember, there was a time in the early 1800s when multiple governments even outlawed bicycles because they also considered that technology ‘dangerous’.)
Before bicycles became popular and widespread, they also faced a series of suspicions and bans from around the world.Quote
There were plenty of idiotic ideas and useless companies that went public in the 1990s during the dot-com boom. And when the bubble burst, many of them were washed away forever.
But there are plenty of successful businesses which still dominate today, including Amazon, Google, and Nvidia, that were founded during the mania of the 1990s.
Dotcom bubbles have burst, but the internet has become an integral part of our lives today.But there are plenty of successful businesses which still dominate today, including Amazon, Google, and Nvidia, that were founded during the mania of the 1990s.
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The price of Bitcoin is now down ~70% from its most recent peak. And, almost on cue, the crypto grave-dancers (like Bill Gates) are now insisting that they were right for predicting its demise.
Bill Gates and Warren Buffett, many skeptics are now dancing over the graves of crumbling crypto companies and claiming to be right. But they forgot one thing, technology markets always attract capital and boom, then restructure their markets... Those are the stages of a new industry's maturation. The price going up and down in a moment does not reflect the primary value of that technology, It only reflects the current sentiment of investors. Amazon's stock in the period 1997-2016 declined by 50%, 60% at one point, encountered many challenges to become a giant in the technology industry.
As long as Bitcoin exists, we will always hear "Bitcoin dead", "Bitcoin bubble burst". Currently, Bitcoin is dying at 20k and we will wait until next ATH season they will come back and tell us the Bitcoin bubble will burst at 300k.
Internet speed has increased 1000 times since the Dotcom bubble. This was followed by an increase in users and super companies like Google, Facebook, etc...We are at the beginning of this Broadband phase with Crypto. We will move to super assets and number of users after that...Try to survive and grow with Crypto in this golden population age.
The bicycle and the internet have gone through these things before becoming important parts of our lives, so I believe the same is true for Bitcoin.
Read more: https://www.zerohedge.com/crypto/history-not-side-cryptos-grave-dancers?fbclid=IwAR2DZea2N92-mler5X0WZNYpzfq0awYfxEtuFOb7TwUBwsl5FbXy8E0ech8