There is a lot of talk about how crypto is only in it's infancy. But as we know the faster tech moves, the faster cycles come and go.
Could it be that we have already seen the ".com" bust of crypto, and that we are now moving through what Gartner calls the trough of disillusionment. Certainly ICO fatigue has set in as evidenced by the massive fall in ETH prices, and it might take a while for blockhain technology to stabilise and prove itself before seeing significant growth.
It took me a while to find a chart that looks similar to what we are seeing in Bitcoin now, but I finally found one.
This is Microsoft as we went through the .com bubble. Notice that it took almost a decade for this stock to recover and go to new heights (Almost due for another collapse). It's is eerily familiar. An end of year collapse, followed by a downwards wedge, with lower highs, but a constant support line at the bottom. And when we came to the end of that?...
... well it just kept going straight for a while waiting for a new generation of tech investors to forget about the bubble.
Could it be that we have already seen the ".com" bust of crypto, and that we are now moving through what Gartner calls the trough of disillusionment. Certainly ICO fatigue has set in as evidenced by the massive fall in ETH prices, and it might take a while for blockhain technology to stabilise and prove itself before seeing significant growth.
It took me a while to find a chart that looks similar to what we are seeing in Bitcoin now, but I finally found one.
This is Microsoft as we went through the .com bubble. Notice that it took almost a decade for this stock to recover and go to new heights (Almost due for another collapse). It's is eerily familiar. An end of year collapse, followed by a downwards wedge, with lower highs, but a constant support line at the bottom. And when we came to the end of that?...
... well it just kept going straight for a while waiting for a new generation of tech investors to forget about the bubble.