We keep hearing everyone say it (Bitcoin is in a bubble!) and honestly, they're right. However, that doesn't mean much when you think more along the lines of long term rather than short term. Human nature constantly repeats itsself and i do not think that Cryptocurrency is exempt to this feature. Don't believe me? Take a look at these charts below.

Amazon during the "Dot com bubble"

Apple during the "Dot com bubble"

Nasdaq during the "Dot com bubble"

Last but not least, Bitcoin in it's current state;

Do you see the same similarities between all of these? I surely do. All of these can be explained by the following "bubble" chart.

So what does this mean, Dr. Hodler?

Well, it's not all bad at the end of the day. If memory serves me right, you'll also notice that some companies that stuck around and now worth a fortune (Amazon, Apple, etc.). People are too caught up in the "Get rich overnight" idea of crypto and are simply throwing money at a wall and hoping that things stick. In order for people to survive this "Bubble", crash or whatever you want to call it is by making SOUND INVESTMENTS. Research the companies, technologies and developers prior to putting money into anything. Invest and then FORGET that you invested in it. The world is not as involved in crypto as you are, YET. We're still extremely early adapters in this space. You're not going to get into crypto and become a millionaire by throwing shit at the wall and hoping that it sticks. Contrary to popular belief, this isn't "magic internet money". The charts on coinmarketcap will look extremely different come 5 years. Companies will zero out on the charts, money will be lost and people will lose it all (if they're not careful). FUD hits this market extremely hard and emotions control everything here. The best advice i can give is to DYOR on everything! Stay away from these "lending" platforms like BitConnect, ThornCoin etc. Invest in the technology, not the chance of a moonshot and you'll be fine.

So what's the outcome? Are we doomed?

Take a look at those same companies after the "dot com bubble" and let me know what you think in the comments.

Apple after:

Amazon after:

Nasdaq after:

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