I don't think it's quite as bad as a tulip mania. But I do believe this is a new-era "Dot com bubble". If you research the dot com bubble you can see the nearly identical similarities.
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I don't think it's quite as bad as a tulip mania. But I do believe this is a new-era "Dot com bubble". If you research the dot com bubble you can see the nearly identical similarities.
During the dot com bubble, Amazon, then just an online bookstore, rose from $1.50 to $85 (split adjusted). After the bubble popped, Amazon dropped to under $6. In the late 90s Amazon was every bit as "bubbly" as any other dot com company. Now it's worth over $1000! Is Bitcoin another Amazon or is it just another Flooz?
Very well put. We all wish we had bought Amazon shares at $1.50
I know I wish I had. Heck I would be happy if I had got in after the bubble at $6.