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@jrcornelWhere cryptocurrency and finance meet
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RE: Not many other "Bubbles" have survived 3 draw-downs of 80% or more in less than a 10 year stretch...
Also, the dotcom bubble didn't have massive money printing programs going on and it wasn't global. Bitcoin is global (can be bought in just about every country) and the money supply globally is increasing
RE: Not many other "Bubbles" have survived 3 draw-downs of 80% or more in less than a 10 year stretch...
Yep exactly. A much more accurate description would be that there are boom and bust cycles with the context of broader adoption as a new industry and asset class matures. Higher highs and higher lows along