2017-12-12 - History Suggests Rough Seas Ahead (Similar to Amazon's)

[Joezepy]

This was in Crain's New York Business today...

http://www.crainsnewyork.com/article/20171212/TECHNOLOGY/171219965/history-suggests-rough-seas-ahead-for-bitcoin#utm_medium=email&utm_source=cnyb-dailyalert&utm_campaign=cnyb-dailyalert-20171212

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[digodk]

Just another article with the dot com bubble bullshit.
The author makes no effort to give reasons why bitcoin is like 00s amazon stock besides "it's a bubble".
Also, calling ETH bitcoin's copycat reveals a nice deal of ignorance on the subject.

[zakalwe]

I expected more from Crain's New York Business but the reporter apparently didn't do his homework. His knowledge on cryptocurrencies is lacking.
By the way, even  though the comparison with Amazon is BS, you have to know that Amazon stock price started rising slowly after crash in year 2000. And  today it is one of the biggest companies in the world after Apple and Microsoft and Amazon stock price is high than before the 2000 crash. You don't have to be a genius to predict that there will be some crashes along the road but the question is if it will get up after each crash. And I think it Bitcoin will, just like Amazon did.

[gentlemand]

To me the Dotcom bubble was ridiculous hype about an immature technology that people didn't understand the implications of. The original applications were found severely wanting and premature, crashed horribly and then the real underlying potential blossomed.

I think crypto will follow an eerily similar path myself. Bitcoin is in with a chance because its aspirations are simple, comprehensible and it's been around since minute one whilst barely missing a beat. I'm not sold on anything else around right now surviving.