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Author Topic: Anyone else here went through the Dot Com bubble in 1999? It is the same thing.  (Read 1546 times)
gabgab
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June 08, 2011, 12:38:13 AM
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all the hype and news surrounding bitcoins sound like they exactly did back in 1999 when pets.com stock was worth $600 per share.

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June 08, 2011, 12:40:20 AM
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Not really and you would be a complete idiot to think a monetary revolution as profound as this is the same as the pump 'n dump operation on wall st. 10 years ago was the same ... stock options, yeah right.

Edit: for your efforts for the master control program you get one of these.

http://www.youtube.com/watch?v=PYw2nj36NCM&feature=related

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June 08, 2011, 12:41:51 AM
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all the hype and news surrounding bitcoins sound like they exactly did back in 1999 when pets.com stock was worth $600 per share.

Spam Troll much?
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June 08, 2011, 12:57:37 AM
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Yes and no.

I have a feeling a lot of people were too young to really remember the .com frenzy of the late 90s.  Many early 20somethings weren't even teenagers then.  Every generation thinks it can change the world, and some do, while the rest grow and realize what can and can't be done in the world we live in.  It's a part of every generational cycle, and it is happening as we speak.

There are echoes of that these days, after all the internet was touted as a game changer, and it did become one.   Along the way, lots of people got rich, while those who bought at the top of the market lost their shirts.  Rinse and repeat over time...the Mortgage Market till 2007, and now today with bitcoin.  The thing to remember is to keep a level head and do what you can to contribute to this new economy.  Market manipulations are a fact of life, while learning and living are something all of us need to do as we journey through life.

I have no doubt Bitcoin will continue to rise, though exactly how high has yet to be determined.  In the end all we can do is do our part to make bitcoin a part of the world, and make its dream a reality.

Skysurfer808

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June 08, 2011, 01:02:02 AM
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Mods? We are getting a pretty serious troll problem here
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June 08, 2011, 01:06:41 AM
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As long as people see exchanging value with Bitcoin between one another as viable and at the same time trust that Bitcoin is going to keep it's properties I don't see how it could be worthless ever again.

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June 08, 2011, 01:19:45 AM
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No
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June 08, 2011, 01:28:34 AM
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Not really and you would be a complete idiot to think a pet-based e-commerce revolution as profound as this is the same as the pump 'n dump operation on wall st. 10 years ago was the same.

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June 08, 2011, 01:42:26 AM
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all the hype and news surrounding bitcoins sound like they exactly did back in 1999 when pets.com stock was worth $600 per share.

Is it a bubble? Bitcoin's long-term success depends on its security and usefulness as a currency.

With a bubble, an unsound investment is hyped up. But hype does not imply a bubble. It's only a bubble if the value is more than the "real" value of the investment.

Spare some BTC for a biology student? 1DZcEUEo9rX7LQWcYzVR6Btqj2sMqRznbB
sirius
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June 08, 2011, 01:45:29 AM
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all the hype and news surrounding bitcoins sound like they exactly did back in 1999 when pets.com stock was worth $600 per share.

Please use irc instead of chat threads like this.

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June 08, 2011, 03:29:08 AM
 #11

I sold just ahead of the tech burst. It was a good year.  Cool

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June 08, 2011, 03:33:24 AM
 #12

Yes and no.

I have a feeling a lot of people were too young to really remember the .com frenzy of the late 90s.  Many early 20somethings weren't even teenagers then.  Every generation thinks it can change the world, and some do, while the rest grow and realize what can and can't be done in the world we live in.  It's a part of every generational cycle, and it is happening as we speak.

There are echoes of that these days, after all the internet was touted as a game changer, and it did become one.   Along the way, lots of people got rich, while those who bought at the top of the market lost their shirts.  Rinse and repeat over time...the Mortgage Market till 2007, and now today with bitcoin.  The thing to remember is to keep a level head and do what you can to contribute to this new economy.  Market manipulations are a fact of life, while learning and living are something all of us need to do as we journey through life.

I have no doubt Bitcoin will continue to rise, though exactly how high has yet to be determined.  In the end all we can do is do our part to make bitcoin a part of the world, and make its dream a reality.

Skysurfer808



Some similarities and many differences. The next year or two will be quite a time to remember.

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