Disclaimer: This is a Newbie analyses with no past Experience!
Don't get me wrong, I love everything about Crypto and appreciate being alive to witness this astonishing technology.
Some people have made fortunes, others lost fortunes and salute to those STILL HODLING. 2020-2021 was INSANE, everything was hitting the roof, people invested pennies and got rich. But this time its different, this year is different, I mean BITCOIN
BTCUSD
is down 53%.
I CAN'T help but to think that we are witnessing something similar to the DOTCOM Bubble of the 90s. Where:
-Money was everywhere
-New start-ups were emerging everyday,
-Hell,
IXIC
reached 5048, at its peak, then plummeted to 1114 in Oct 2002.
Similarly,
-Money was everywhere in the Crypto space,
-People made 100x-1000x-10000x on their investments.
-A dozen of new projects are emerging every single day.
-
BTCUSD
soared all the way to 65k USD in 2021, and now potentially it might bottom out to 11k-12k zone.
All this, with what the world is witnessing, GLOBAL WARS, RECESSION and INFLATION, I think we are at verge of CRYPTO's bubble bursting. However, it is not all bad news, if this scenario is executed, then after the crash, only the strong, most promising and solid projects will SURVIVE.
NOTE:
For further observation, open the
NDAQ
MONTHLY chart, set the year between (1995-2003), and compare it to
TOTAL
(2018-2022).
This is not a financial advise!
Please comment your ideas about the analyses.
Appreciate your constructive comment and feedback in advance.
Don't get me wrong, I love everything about Crypto and appreciate being alive to witness this astonishing technology.
Some people have made fortunes, others lost fortunes and salute to those STILL HODLING. 2020-2021 was INSANE, everything was hitting the roof, people invested pennies and got rich. But this time its different, this year is different, I mean BITCOIN
BTCUSD
is down 53%. I CAN'T help but to think that we are witnessing something similar to the DOTCOM Bubble of the 90s. Where:
-Money was everywhere
-New start-ups were emerging everyday,
-Hell,
IXIC
reached 5048, at its peak, then plummeted to 1114 in Oct 2002. Similarly,
-Money was everywhere in the Crypto space,
-People made 100x-1000x-10000x on their investments.
-A dozen of new projects are emerging every single day.
-
BTCUSD
soared all the way to 65k USD in 2021, and now potentially it might bottom out to 11k-12k zone. All this, with what the world is witnessing, GLOBAL WARS, RECESSION and INFLATION, I think we are at verge of CRYPTO's bubble bursting. However, it is not all bad news, if this scenario is executed, then after the crash, only the strong, most promising and solid projects will SURVIVE.
NOTE:
For further observation, open the
NDAQ
MONTHLY chart, set the year between (1995-2003), and compare it to
TOTAL
(2018-2022). This is not a financial advise!
Please comment your ideas about the analyses.
Appreciate your constructive comment and feedback in advance.
