/biz/ - Business & Finance

Read carefully.

If we look at the 1999-2000 dot com bubble, it's clear that there are many similarities, and crypto follows a very similar path. At dot com, everyone wanted their cake slice, and everyone wanted to have their companies associated with web domains, even if there was not the slightest connection between them or conditions to thrive. Inevitably the bubble popped in 2000, and by 2001 the entire floor was covered in shit.

We are now near to the final stages. The entire crypto currency world is completely covered of garbage coins and tokens with no clear function, where everyone wants to create useless forks, or token ICOs, obviously with the "creators" holding a considerable part of the total supply in the expectation of dumping and leaving with FIAT. Just like now, where late adopters call "easy money" the crypto currencies, in the dot com they called easy money what they hoped to gain from the association of their companies with web domains, or investing in those things. And just as in those times, now we are starting to see companies trying to someway associate their names with the blockchain thing.

Today we see that it's practically impossible to find something interesting in the new bitcointalk announcements. There are dozens of new pages per day of new coins/tokens announcements, one worse than the other. And just like in the dot com, some of these junks even thrives and will land on the top 100 of the market cap (see dentacoin, for example). So it really is inevitable that the crypto bubble really pops up soon (it may be this year, next year, 2020, impossible to predict for sure, but it certainly is inbound).

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