Bitcoin is unfolding like the dot-com crash — just 15 times faster

[bbc.reporter]

Ignoring the rest of the article on the why and the what and the old FUD about tether, isn't the speed of bitcoin's economic cycle good for its investors? Would that also mean that the bull market will happen sooner than we expected?

I reckon it will. As the FUD from mainstream media becomes less effective, we might see bitcoin give us a head scratching move to $20,000 by December 2018.



A screen shows the prices of bitcoin at a virtual currency exchange store in Seoul, South Korea.
Bitcoin is behaving a lot like how the Nasdaq did during the dot-com bubble nearly 20 years ago, but the timeline is unfolding much faster, according to research published by Morgan Stanley on Monday.

The Nasdaq in 2000 and modern-day bitcoin both rallied 250 to 280 percent in their most "exuberant" periods ahead of bear markets, Morgan Stanley said in a note to clients.

"Just that the bitcoin rally was around 15 times the speed," Sheena Shah, strategist at Morgan Stanley said.

These price moves and similar behavior in trading volume could be signs that Nasdaq history is repeating itself, according to Shah.

Read in full https://www.cnbc.com/2018/03/19/bitcoin-is-unfolding-like-the-dotcom-crash--just-15-times-faster.html

[magneto]

The dump is holding up better than I would expect. People are not panicking as much with the news coming out anymore, which means that manipulation through media is now less effective since every time, it has rebounded.

I agree with the statement that bitcoin's cycles are probably a lot faster than other assets.

We experience a major bull market every 3-4 years or so, and have bear markets between these bull markets. Honestly, it's quite predictable. We may go down some more from this point, but within a year or two people will be buying back in for the halving.

[davis196]

Everything is the world economy is faster than it was back in 1999.I don`t care about the speed that much.
All the comparisons between the cryptocurrency markets and the dot-com crash are so obsolete.Bitcoin survived all the price dumps and it`s still here,we can compare it with all the big internet corporations,like Amazon,eBay and Microsoft,who survived the dot-com crash and dominate the internet.
The faster economic cycle is good for the investors.They can adapt very easy,because the current technologies are way better than all the technology back in year 2000.

[churrosndips]

The graphs these analyst use may predict one thing but bitcoin hardly behaves like any traditional investment vehicle. It is indeed a very risky investment but it is riding on the blockchain whose usefulness is undeniable as even bitcoin's most ardent detractors see value in it. And in the unlikely event that the bubble bursts, I am sure that it still won't be enough to bury bitcoin under but would only serve as a large scale correction leading to bitcoin becoming more stable.