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Christopher Wheeler - @Stocktrader
2 weeks ago
What Bear Markets Look Like https://t.co/RiKtZAUsmH
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Elad Gil - @eladgil
2 weeks ago
RT @dksf: "I think some crypto asset (and possibly a number of crypto assets) will have a price chart like Amazon’s current one in 18 years." -@fredwilson
https://t.co/OjSCGcJvLd
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Leigh Cuen - @La__Cuen
2 weeks ago
RT @zooko: If you have any kind of investment in crypto/blockchain/decentralization — whether financial, or you've been investing your career in it, or you've been investing your emotional, social, political energy — then YOU MUST READ THIS: https://t.co/YQdCiPS9ia ...
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Chris Burniske - @cburniske
2 weeks ago
RT @zooko: If you have any kind of investment in crypto/blockchain/decentralization — whether financial, or you've been investing your career in it, or you've been investing your emotional, social, political energy — then YOU MUST READ THIS: https://t.co/YQdCiPS9ia ...
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Marty Bent - @MartyBent
2 weeks ago
@AdamSinger https://t.co/HlfUCBxSRR
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Cass Lin - @thulynnn
2 weeks ago
RT @semil: .@fredwilson on bracing for a "crypto bear market" that could rival the 1999-2001 Internet crash, where dreams evaporated, regulation followed, and returns took 5 (but really 9-10) to regain momentum: https://t.co/zxKLF22zLD
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Jeff Garzik - @jgarzik
2 weeks ago
RT @brian_armstrong: Great perspective from @fredwilson 👌 https://t.co/zSb7EMgwyF we always take a long term view at @coinbase
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Pierre Rochard - @pierre_rochard
2 weeks ago
RT @TheStalwart: A common trope in crypto, now that the chips are down, is that it's time to focus on building real value, and not just focusing on price and speculation. EG this from @fredwilson or this tweet from @Melt_Dem https://t.co/cNIu2QYErR https://t.co/4Yw1fZJY5l
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Epicenter – Blockchain Podcast - @epicenterbtc
2 weeks ago
"But we will have to do what Amazon did, hunker down and build value and survive, for quite a while to get there. And I think things will get worse before they get better." by @fredwilson
https://t.co/tBPyX8HSen
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Michelle Varron - @michellevarron
2 weeks ago
RT @ErikVoorhees: Fred Wilson on Crypto and the Internet bubbles... "What Bear Markets Look Like" https://t.co/1UqMBntIv8 #bitcoin #amazon
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Alejandro DeLaTorre - @bitentrepreneur
2 weeks ago
What Bear Markets Look Like https://t.co/PRgLAoMSmj
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Ryan Selkis - @twobitidiot
2 weeks ago
RT @ErikVoorhees: Fred Wilson on Crypto and the Internet bubbles... "What Bear Markets Look Like" https://t.co/1UqMBntIv8 #bitcoin #amazon
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Jeremy Epstein - @jer979
2 weeks ago
Truth from the Godfather @avc
What Bear Markets Look Like https://t.co/BAiwCm0Eoq
Going to pin this to my wall
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Ragnar Lifthrasir ⚑ - @Ragnarly
2 weeks ago
RT @zooko: If you have any kind of investment in crypto/blockchain/decentralization — whether financial, or you've been investing your career in it, or you've been investing your emotional, social, political energy — then YOU MUST READ THIS: https://t.co/YQdCiPS9ia ...
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Erik Voorhees - @ErikVoorhees
2 weeks ago
Fred Wilson on Crypto and the Internet bubbles... "What Bear Markets Look Like" https://t.co/1UqMBntIv8 #bitcoin #amazon
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Manuel Araoz - @maraoz
2 weeks ago
What Bear Markets Look Like
https://t.co/LngGQSLMdl
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zooko - @zooko
2 weeks ago
If you have any kind of investment in crypto/blockchain/decentralization — whether financial, or you've been investing your career in it, or you've been investing your emotional, social, political energy — then YOU MUST READ THIS: https://t.co/YQdCiPS9ia ...
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Rachael Horwitz - @RachaelRad
2 weeks ago
RT @brian_armstrong: Great perspective from @fredwilson 👌 https://t.co/zSb7EMgwyF we always take a long term view at @coinbase
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Brian Armstrong - @brian_armstrong
2 weeks ago
Great perspective from @fredwilson 👌 https://t.co/zSb7EMgwyF we always take a long term view at @coinbase
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Arianna Simpson - @AriannaSimpson
2 weeks ago
What Bear Markets Look Like – AVC https://t.co/EjhtpPmJ9u
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Stiritup15
2 weeks ago
At current prices Ethereum is up \~70,000% since pre-sale. I don't know if "delusional" is the correct descriptor.
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top_kek_top
2 weeks ago
Keep moving those goalposts back. My beanie babies are still up massively from when they were an idea in someone's head! My DRYS stock, despite being at one point worth literally thousands of dollars/share and now worth single-digits, is still up 400% from when it was 1$!!!!!
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top_kek_top
2 weeks ago
So is mine. Beanie babies were once worth nothing. Today they are worth something. That makes them a great investment right?
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Stiritup15
2 weeks ago
That's a fair point. Although Beanie Babies were based on pure speculation whereas blockchains have intrinsic value - some modified version of Metcalfe's law. \[see my above comments\].
I'd also add that from recent polls on this subreddit, the majority of people bought ETH in 2015, which means a price of $0.40 - $25.
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michwill
2 weeks ago
It might be though that due to the bubbles popping all the time (is it the 4th already?), the crypto will _never_ reach that unhealthy MegaBubble, continuing its current pace of growth
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UnknownParentage
Redditor for 4 months. 2 weeks ago
And this post is an example of why you need to use log graphs.
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Grindlife247
Redditor for 21 days. 2 weeks ago
....except amazon is a company.
and crypto is.. ???
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ExtremelyQualified
2 weeks ago
For me the component that is missing is valuation. Dotcoms were overvalued and then revalued much lower (the crash), but there was a methodology for valuation. (p/e, peg, eps...)
I still haven’t seen a method for valuing cryptos based on fundamentals. Even now, it feels like a 100% sentiment-driven market.
So for crypto to begin a increase in price based on rational valuation, first we’d need to agree on how that works
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nostrademons
2 weeks ago
There wasn't really a methodology for valuing dot-coms. When most of them went public, they had neither earnings nor revenues, which made most of the traditional stock market valuation tools useless for them. Instead, they were usually measured on "eyeballs", the number of hits to their website in a given period of time. This was one of the main criticisms of them at the time.
In hindsight, it was a totally valid criticism - except that 10+ years later, Facebook/Twitter/YouTube *also* had nothing but "eyeballs", but then managed to monetize that into a $100B+ business.
Perhaps for crypto, the relevant fundamental *is* sentiment. It's not all that unreasonable. The key fundamental for most growth stocks is revenue and revenue growth, and this is ultimately driven by how much customers like your product (i.e. sentiment). Crypto just takes the middleman out of the equation and gets valued by how much buyers like your currency.
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BlazedAndConfused
2 weeks ago
The value I think will be seen in disrupted industries and companies
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Stiritup15
2 weeks ago
I think it’s a modified metcalfe’s law valuation - but I agree, no one has quite figured it out.
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ExtremelyQualified
2 weeks ago
I think you're right, but the tricky thing is that Metcalfe only can show relative valuation based on network size. ETH might be 200x more valuable than something else, but at some point it needs a non relative number
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Stiritup15
2 weeks ago
Somehow miner fees/sunk costs/opportunity costs need to be weighted into the valuation, too. Just don’t know how...
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Stiritup15
2 weeks ago
Equipment costs, contractor costs, lease costs, etc. Equipment, in particular, is being taken off the market for mining.
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Enchilada_McMustang
Crypto Nerd | CC: 21 QC 2 weeks ago
Regulation will have a very different impact though, remember this is a global market and can run parallel to the financial system in a sizeable way.
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protagonist85
Gentleman 2 weeks ago
Several points:
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it does not have to be on the same timeframe since internet "bubble" was going on for a minimum of 3 years, NOT 1 year as for crypto "bublette".
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Internet "bubble" had 7 tril market cap, crypto just around 1 tril.
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Ether, for example, was down 92.5% already (at the lows). That's pretty much the same levels as AMZN (93.3%).
Conclusion: It very well may be done already or within 10-15% of the final low. I am starting nibbling on a few cryptos. If i am early, then I would simply DCA.
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klabboy
Investor 2 weeks ago
One important point is we move about twice as fast (well you could aruge that) since crypto is 24/7. But theres still obvious trading volume cycles. Theres almost always increased trading during normal business hours.
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BlazedAndConfused
2 weeks ago
Not to mention that the value of $7T in 1999 is worth even more now. Likely closer to $10T
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Nooku
Bullcoiner 2 weeks ago
He talks about it as if crypto has already reached such an infamous peak.
He's wrong.
We are just temporarily dipping.
The, and I do mean, "THE" peak, is yet to come. The peak this article was written for.
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cryptomil
1 - 2 years account age. 200 - 1000 comment karma. 2 weeks ago
90% is not a "dip". That's delusional.
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plaenar
ETH maximalist 2 weeks ago
Cryptos have had plenty of 90%+ dips, then making a recovery and gaining several times the previous ATH a few years later. This has happened multiple times before, and *delusional* would be to think it won't happen again.
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cryptomil
1 - 2 years account age. 200 - 1000 comment karma. 2 weeks ago
Not only is it not a "dip", this myth that "the cryptos" (even non-ico shicoins) have had multiple 90% crashes and recoveries (outside very early bitcoin) is absurd.
https://i.redd.it/8wyptobf7sd01.jpg
I think ETH will bounce back someday but what you're saying is false.
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plaenar
ETH maximalist 2 weeks ago
I was referring to multiple cryptos having 90%+ crashes and recovering over previous ATH. If you call those dips, then you can call this a dip.
LTC dropped from $50 in 2013 to $1.20 (98% crash), then hit $370 (7.4x from previous ATH).
XRP dropped from $0.0575 to $0.00289 (95% crash) in 2013, recovered to $0.0277 in 2014 and had another 85% drop, then $3.81 (66x from previous ATH).
DOGE dropped from $0.001886 to $0.000087 (95% crash), then hit $0.015 (8x from previous ATH).
I think Namecoin had multiple 90% crashes but CMC history doesn't go before 2013.
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Stiritup15
2 weeks ago
What Fred says makes a lot of sense. However, I don’t think his timeline is correct. Crypto went up at a faster rate and higher (compared to previous support) than any stock has - ever. Now it’s doing the same thing - but the opposite.
Crypto is the next iteration of information technology, which compounds on itself through feedbacks via social networks, instant sharing, and global liquidity not seen during the dot.com boom. Comparing it to dot..com is analogous on some levels, but it’s really apples to oranges. People saying it’s a long long game might get floored when a few triggers send crypto up another 20,000%. The last year was the “coalition group”, “ico”, and “hedge fund” speculation triggers. Next one will be “viral dapp”, “scaling”, and “regulation/enterprise money” triggers.
What authority do I have with my comments? None really, other than my experience with crypto since 2013. I keep seeing the same patterns, the same FUD after crash, and the same chart overlays each cycle (except each cycle is magnified).
What will regulation bring? Clarity on rules and more enterprise money IMO.
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DanZigiy
1 - 2 years account age. 200 - 1000 comment karma. 2 weeks ago
Great observation indeed. "Viral dapp"... I can't even imagine how that can raise crazy amount of hype ? Some example ?
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Stiritup15
2 weeks ago
Also, Gods Unchained. It could come in the form of a game. I'd also lump any side-chain with dapps, even though they also help with scaling, e.g., raiden, plasma, loom, open st mosaic, etc.
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OnetimeAugurUser
Redditor for 24 days. 2 weeks ago
LOOM's Zombie Battleground. They've built up a very impressive community of supporters, and they're heavily focused on making this a super fun game, inspired by physical card games (such as custom game modes, etc).
Watch out for it. I think people will be really surprised when/if it blows up in 2019.
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Marswhalbaconattor
Flippener 2 weeks ago
patience and calmness, whales aren't made daytrading for a few weeks...they're made over 5, 10, 15 year periods.
If you haven't sold, Hold. If you sold, buy again at a discount. If you're patient you will be rewarded. Hold or buy, those selling are making others into whales.
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kingofcairo
1 - 2 years account age. 200 - 1000 comment karma. 2 weeks ago
Or sell, if you haven't and want to. Whatever you do, be intentional and follow a plan.
People keep saying don't sell, price has kept going down. I think I've seen it since the top.
I'm already quite up from selling at a point where others told me not to. I love ETH, and consider myself a long term ETH fan, doesn't mean it's my religion.
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Tricursion
Redditor for 5 months. 2 weeks ago
Please, tech bubble was 2T in a U.S only market. This is nothing close and should not even be compared.
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alurch
Crypto Expert | CC: 53 QC 2 weeks ago
oh yea, everyone remembers the early 2000's as the internet dark ages
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