The Internet was called the Black Tulip Bubble at the end of the 20th century. Some people say that the blockchain is moving towards the Internet’s trajectory and growing into the next Tulip. Is the blockchain bubble another Internet bubble?
Taking copper as a lesson, you can correct the crown; using people as a lesson, you can understand the gains and losses; and using history as a lesson, you can know what to do.
In the mid-1990s, the Internet was unprecedentedly sought after and it became a feast of capital. At the party, if you didn’t talk about the Internet, you were embarrassed to speak. You have to say that you are a person on the Internet. Immediately, it will attract a lot of envy and jealousy, and the thinking that “the Internet changes everything” will gradually become popular. Around 1999, the Internet bubble burst, a large number of Internet companies closed down, and many people went bankrupt.
Today’s blockchain is like the Internet in 1995. It is called “technology that subverts the world” and there is indeed a lot of hype. Blockchain has become more and more popular in recent years. It seems that overnight, it has become the talk of all industries after dinner. Many media have described the future changes of the blockchain. Maybe you also think that blockchain is a bubble again?
An economic bubble occurs when the transaction price of an asset is significantly higher than its intrinsic value. In 1999, analysts, investors, entrepreneurs, venture capitalists, and banks all fell into a frenzy. All of them were excited and enjoying a 2–5 times increase in stock prices. People knew that only after such a huge bubble burst Gradually return to calm and rational.
In 2018, the BTC plunged by more than 70%, which can be said to be a nightmare. Some people in the blockchain circle may realize the freedom of wealth for the second half of…