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RE: Bitcoin Market Cap $95 BILLION Declares Morgan Stanley CEO a Fraud

in #bitcoin7 years ago

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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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.