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58126003 No.58126003 [Reply] [Original]

The dotcom crash occurred because the internet market had reached its peak, people were throwing money at literally every company with a website. The shitcoin mania we're currently seeing is exactly the same, throwing money at any shitcoin with a smart contract. Remember the peak of the last run? When people were literally just sending money to influencers because they thought it was some test of faith and if they passed they would be rewarded? What we're currently seeing is 10x worse and we haven't even peaked yet. What do you think will happen once retail joins? They're going to see how people are getting rich off Jewcoin and Niggercoin and Puppycoin and how you can buy millions of coins for only a couple dollars. They will throw their money in as well, completing the prophecy. Crypto will reach its peak and will subsequently be cleansed. The fact that BTC broke ATH long before the halving just further supports this theory. For the first time in history the halving was front run. Do you really think crypto will continue to print millionaires every 4 years without fail? The cycle has to break at some point. Imagine yourself as Noah, looking around at the world filled to the brim with corruption and sin. How much worse do you think it can get before God finally decides to purge them? We have reached the breaking point and the writing is on the wall. Start building your ark anon, before it's too late.

>> No.58126098

Difference is clear. The scenario you describe is nowhere near happening yet. There is huge value in this market and it's not recognised yet. There are projects with potentially trillion dollar market caps or higher lagging behind meme coins like doge. That isn't the market being tapped out of new ideas. It's an immature market which people have basically still no fucking clue about yet. You unironically have no idea how fucking early we are. This is 1983 or thereabouts not 2000

>> No.58126239

>>58126098
>There is huge value in this market and it's not recognised yet.
Just like the dotcom crash. Amazon was still selling books and Google was still a search engine. Reddit, Twitter, Youtube, Uber, Facebook, most of the web applications that dominate the market today weren't even created yet at the time, let alone their use cases envisioned. The crash isn't the end, but the beginning of a new era. Look at how polluted the market is today, do you really think the AMZN and GOOG of crypto can flourish while SHIBA is in the top 15?

>There are projects with potentially trillion dollar market caps or higher lagging behind meme coins like doge.
The dotcom crash may not have had memecoins, but the investor mentality was the same. Throw money at everything and hope you hit it up. It wasn't until after the crash that people started to seriously evaluate where there money was going, just like how it's going to take a similar crash in crypto for people to stop throwing money around like idiots.

>That isn't the market being tapped out of new ideas.
The internet market wasn't out of new ideas either but it crashed all the same.

>It's an immature market which people have basically still no fucking clue about yet.
People may not understand the "true" potential of crypto but they're still throwing their money in all the same. If a man puts 100% of his life savings into crypto, does it matter if he understands? Mania is mania and while we are not currently at the peak, we will be soon.

>> No.58128320

???

>> No.58128329

just malding your ass that you are literally missing out on everything.
its literally your job to get rich and notice the clear signals before you, like buying $lrds once it comes out

>> No.58128678

there are some parallels between the dot com boom and the crypto rush. it's not exactly the same. like the dot com crash, when the true crypto crash occurs there will be winners and losers. the companies with real utility and earnings potential will survive and the rest will become defunct after the market votes.

>> No.58129733

>>58126239
Google was created after the dotcom bubble. Zoom harder faggot. I don't know what you're trying to say, but crypto is very similar to the dotcom bubble but we are definitely not near the top and when you say we will be at the peak soon, how long are you talking about? I'm pretty sure this entire year will be amazing and maybe even part of 2025 too.

>> No.58130011

The shitcoin mania of 2021 was an actual mania of normies buying dogcoins with their pandemic bucks.
What we have now is a small pool of gamblers and scammers trying to scam each other across multiple Solana shitcoins. It's not the same.