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RE: How to survive the cryptocurrency bubble?

in #cryptocurrency8 years ago

Another thing to note is that the dot com bubble was fueled by speculation that originated from people who really didn't understand anything about the internet. Most crypto investors are quite savvy... which helps lend some credibility to growth in the market.

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I got my first early warning of incoming dumb speculators, yesterday - an artist friend of mine whose eyes have glazed over every time I've mentioned crypto in the past was talking about buying coin, really excited, telling everyone they should do the same, big money to be made etc.

Yours is a long list and I get the humour, but yes focus on fundamentals not on froth.

Most crypto investors are quite savvy

Hmm hanging out in telegrams and slacks, I'm not so sure sometimes.. but yeah perhaps way better than 20 years ago. No idea who were the people pumping into the dot com bubble. Baby boomers? At least in my experience here, there wasn't much of a buzz at all. Major adoption only really occured after that.