I'm probably older than you. Sold my huge IT-investment too early in 1998, for only 400k, just because I though it was already over the top. Huge mistake as it would have been 13000k at the top in 2001. I learned it the hard way not to Hodl if the bubble is just starting. This Bitcoin thing is currently at the same level from 1998. It will be 2020 before we even see the top.
Amazon. They can't sell enough books to justify their valuation. Starbucks. How many people are going to pay five dollars for a cup of coffee. Google. A search engine worth how much!!!! Facebook. Come on WTF is social media. Netflix. How can they compete with Disney, Time Warner, Sony, Comcast and ... and ... and
You're right. Bitcoin is the pets.com of 1999 as in it's the first generation blockchain. It took a decade for the second generation of internet businesses to grow a better business model and take over the world. Bitcoin is currently breaking all barriers for second generation blockchains. Futures will decouple price risk from settlement layer which will allow it to be used for million dollar settlements. Once that is done and the pattern is widely accepted like online shopping in early 2000, then people will realize there are better alternatives and switching will be a breeze. Until then, it will go up.
You can only say this after the fact.... Actually Amazon and Netflix at one point were on the verge of disappearing forever.... Facebook faltered after it's ipo And only fools pay for Starbucks coffee But in reality you just have to wake up every single morning and thank the fed for what they have created, the trillions and trillions and trillions of dollars they printed to prop up the stock market is why these companies are trading at where they are today.... everyone thinks there was no helping hand, they are completely wrong, the fed created this new risk free economy, bitcoin was established in 2009, that's exactly when the fed was pumping trillions into the economy.....without the fed Netflix, Google, Starbucks, Facebook and Amazon would not be even close to where they would be today, in fact these stocks would be 70-90% lower if it we're not for the bailout and printed trillions the fed handed over to bail out the economy....thank the fed for every gain you see because without them and their free trillions the economy and stock market would just be hanging on by a single thread.....
Thank you for making the point for why there is a Bitcoin. Because of the fed printing all that paper and electronic money the shaky trust people already had was further eroded. And instead of breaking away from the sheeple you parrot the "party line" status quo be afraid be very afraid. BTW while BTC is over 11k now Gold is getting crushed this morning -$11
Nasdaq now planning BTC Futures in 1st half of 2018, Cantor Fitzgerald looking at offering their own bitcoin derivatives. Dotcom 2.0 liftoff!
You'll wake up one of these days and see bitcoin down $1100.....this is just the the hype everyone wanted ....no one cared for it just a few years ago now everyone is jumping on it like it's going to go up forever hahahaha...... waiting ever so patiently for the gigantic sell off to come ... No one knows how the systems will handle all those sell orders once the tippy top comes.....it's all fun and games when it's rising but when that drop comes and everyone is selling it's going to be quite a headline on the front of cnbc which seems to be hyping it up on a regular basis now......
Wait wait wait.....wasn't bitcoin supposed to be like this little niche coin that was decentralized and in a world of it's own????? Now wallstreet is all over it along with the big banks This is one big joke.... So much for a decentralized cryptocurrency...everyone wants in on this action The greed is every where....thank you fed and friends for creating the biggest asset bubble the world has ever witnessed....
Rumor has it that the fed wants to create their own cryptocurrency....hahahhahahah This is just too funny..... everyone wants to make their own cryptocurrency....before you know mom and pop will have their own cryptocurrency as well...and I thought the fed printing money was easy..... this is just the best ever.... everyone will have their own personalized cryptocurrency....the world will be saturated in millions and millions of cryptocurrency...were up to 1400 and counting......2018 is the year of your very own personalized cryptocurrency....get them now !!!! Hahhaaaaaaaa....