RATE Group | What US Tech Stocks Can Teach Us About Cryptocurrencies
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What US Tech Stocks Can Teach Us About Cryptocurrencies

05 Dec What US Tech Stocks Can Teach Us About Cryptocurrencies

Posted at 09:44h in Cryptocurrency News by

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Browse your favorite social media site and there will be tons of people trying to call the bottom in cryptocurrencies. 

Are they right?

As enthusiastic as many of these people are, nobody really knows. Anyone who claims to know for sure is just fooling themselves. 

However, we can make some very educated guesses as to what could possibly happen next, if we look to similar situations in the past. 

Yes, past performance does not guarantee future results.

…but human nature is pretty predicatable over long periods of time. 

So let’s take a look at what we can learn from the dot com bust of 1999 and how that can give us some clues as to what may happen in Bitcoin and other cryptocurrencies. 

 

The US Tech Stock Bubble 

We all know about the tech bubble in the late ’90s. But just as a refresher, let’s take a look at a chart of the Nasdaq. 

Nasdaq chart

Remember that the tech bubble had the following characteristics: 

  • A new technology/market 

  • Companies with unproven business models…

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