Dotcom / Nasdaq trippled after "bubble pop"...

[bitpump]

Seems nice post:

"Let’s All Admit that the Bitcoin Price Bubble Has Popped"
https://www.reddit.com/r/BitcoinMarkets/comments/2srlqm/lets_all_admit_that_the_bitcoin_price_bubble_has/

However, example Nasdaq trippled after so-called bubble pop.



https://twitter.com/bitpump/status/556677080755470336

[98problems]

Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

[tokeweed]

or it could take longer than 15 years.  check out the nikkei





http://www.forecast-chart.com/historical-nikkei-225.html

[Chef Ramsay]

The Nasdaq was helped along by stimulus and bailout money being injected for at least the last 3-4 years, so that was an artificial growth pattern. OTOH, bitcoin is an emerging disruptive technology that will speak for itself and organically bring lots of interest and investment its own way in a much shorter time span.

[(Lithium)]

Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

[okthen]

Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

Exactly, it's a technology more than a currency. Look also at mobile phones or Facebook adoption.

[Dalmar]

Quantitative Easing and stock buybacks caused them to recover to their 2000s highs. Not because those tech stocks really have a better financial outlook.

It will crash again like it did in 2000-2002 and 2007-2009, just a matter of time.

[spazzdla]

Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.

[MF Doom]

Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

[zoinky]

Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

[erre]

Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

Lol I remember of BBS in the late 80's... they were used mostly for porn, and were not user-friendly at all and were full of viruses who charged you on the phone bill.

[Brewins]

Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.

bitcoin.com was sold by 1M dollars last year.

And now you can do stuff like facebook that might be worth billions, so I guess now the chances are bigger

[spazzdla]

Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.

bitcoin.com was sold by 1M dollars last year.

And now you can do stuff like facebook that might be worth billions, so I guess now the chances are bigger

Buying facebook is completely different than buying facebook.org.  Show me where bitcoin.com was sold for 1 million.


A domain name != a company.  The domain name bubble popped and it will take many many years of inflation to bring those old prices back...  We'll be dead unless there is hyperinflation.

[Warren Buffert]

Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

The early Internet was already far more useful than bitcoin. You guys need to provide people with real world use scenarios to explain why bitcoin is so great and why they need it, instead of just making bold claims all the time. I can understand why you do it though, since the only thing bitcoin is really good(?) for is speculating and gambling.

[Brewins]

Don't look at Nasdaq, look at internet.

Internet got 1000x bigger after the 1990's internet bubble

The whole domain names being worth millions has never/will never come back.

bitcoin.com was sold by 1M dollars last year.

And now you can do stuff like facebook that might be worth billions, so I guess now the chances are bigger

Buying facebook is completely different than buying facebook.org.  Show me where bitcoin.com was sold for 1 million.


A domain name != a company.  The domain name bubble popped and it will take many many years of inflation to bring those old prices back...  We'll be dead unless there is hyperinflation.

Here
https://www.cryptocoinsnews.com/bitcoin-domain-btc-com-acquired-1-1-million-usd-josh-garza-gawminers/

And domain sales is just a tiny and less significant part of internet, as far I know

[kryptopojken]

QE=Willy bot

[MF Doom]

Yea, it only took ~15 years for the Nasdaq to recover to it's bubble highs.

Generally speaking any useful asset will over time increase in value, even if it went through a massive bubble period.

the problem is bitcoins usefulness is becoming smaller and smaller with more competition.  It's a hastle to obtain and use, and not user friendly nor does it offer any consumer protection.  I don't think comparing bitcoin to the early internet is valid.

Sounds like you don't know what the Internet was like when it was 6 years old.

The early Internet was already far more useful than bitcoin. You guys need to provide people with real world use scenarios to explain why bitcoin is so great and why they need it, instead of just making bold claims all the time. I can understand why you do it though, since the only thing bitcoin is really good(?) for is speculating and gambling.

thats my point, the internet was doing something that was completely new.  bitcoin...not so much. and more competition is coming everyday in the form of apps, nfc payments, etc