Popular Post Hodor Posted August 20, 2017 Popular Post Share Posted August 20, 2017 I saw this on twitter this morning, and had to share it here. If anybody truly thinks crypto is currently in a "bubble", they need to get their facts straight: To me, this has very exciting implications for the current prices of not only crypto in general, but XRP specifically! deepinripple, PRX, enrique11 and 24 others 20 7 Link to comment Share on other sites More sharing options...
Phintech Posted August 20, 2017 Share Posted August 20, 2017 What's most exciting is that when then Internet of Value is mature, these graphical representations are likely to be flipped. The Internet of Value will dwarf the Internet of Data. Hodor, billsb and enrique11 3 Link to comment Share on other sites More sharing options...
enrique11 Posted August 20, 2017 Share Posted August 20, 2017 OMG!! We'll all be dead and buried before we can ever cash in on the crypto bubble Wobile, Hodor and ThomasTheTGV 1 2 Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2017 Share Posted August 20, 2017 (edited) Don't forget that when you account for inflation, that 6.7 trillion is a lot larger in today's dollars, so the big circle should be even bigger! Edited August 20, 2017 by Guest Link to comment Share on other sites More sharing options...
Hodor Posted August 20, 2017 Author Share Posted August 20, 2017 (edited) 1 hour ago, Niall said: Don't forget that when you include inflation, that 6.7 trillion is a lot larger in today's dollars, so the bigger circle should be alot bigger! True; (TBH I'm not sure if they already accounted for that or not) Edit: Actually I think you're right - the fine print says it was the stock value measured back then. Wow. Edited August 20, 2017 by Hodor Added last sentence after seeing fine print T8493 1 Link to comment Share on other sites More sharing options...
jargoman Posted August 21, 2017 Share Posted August 21, 2017 Another interesting concept is that after the dot com bubble burst to 1/5 it's value to $1.34 Trillion it was considered to no longer be in a bubble. Trippy 1 Link to comment Share on other sites More sharing options...
Justmeoverhere Posted October 8, 2017 Share Posted October 8, 2017 Noob here. So...does crypto have to follow the same pattern? Is it a financial/market rule I don't understand? Will crypto definitely hit a bubble when it gets that high, or...are there other outcomes? Thanks I'm still getting my bearings in this. The closest I've come to investment strategies so far is dropping money in a 401K Mutual Fund by guessing what looks good. This is a bit overwhelming at first. Trippy 1 Link to comment Share on other sites More sharing options...
enrique11 Posted October 8, 2017 Share Posted October 8, 2017 It's a nice comparison, but I don't think it's visually accurate. 6.7 trillion is 55.83 times larger than 120 billion. If I recall correctly, human eyesight is logarithmic, meaning an object has to be 10 times as close to you to appear twice as large. In this instance of the circles above, the size of the circle is given by its area, which means you should be able to fit exactly 55.83 of the little circles to take up the same amount of area used by the area of the dot-com bubble circle. Just by glancing at the images, it's obvious that you can fit a lot more than 55.83 little circles into the large circle, so you either need to make the little circle larger or make the larger circle smaller so that there is an accurate visual representation. It would be much easier to see this representation using a little square for the crypto marketcap and one large square for the dot-com cap with the larger square using lines that subdivide it into dot-com squares so you can count the actual number of little squares that fit into the area of the large square (dot-com bubble) to verify accurate size comparison. xrpursuit, will4star and Trippy 2 1 Link to comment Share on other sites More sharing options...
inative Posted October 8, 2017 Share Posted October 8, 2017 This is a nice viral and everything but to me it seems to compare apples to oranges. The NASDAQ circle includes all stocks, even companies like Berkshire Hathaway that didn't participate in the dotcom bubble but make significant area of that circle. Should you clear it to only dotcom companies, the circle would be smaller. I got not credible data to back this up, but should be around $1.5 trillion. That's still a decent difference, however I still don't see point of that comparison. Proof that cryptocurrencies are not in a bubble? Not really. Or will the crypto market grow 12 times before it bursts? I'd love to experience that but I don't see it real... Link to comment Share on other sites More sharing options...
Hodor Posted October 9, 2017 Author Share Posted October 9, 2017 8 hours ago, inative said: This is a nice viral and everything but to me it seems to compare apples to oranges. The NASDAQ circle includes all stocks, even companies like Berkshire Hathaway that didn't participate in the dotcom bubble but make significant area of that circle. Should you clear it to only dotcom companies, the circle would be smaller. I got not credible data to back this up, but should be around $1.5 trillion. That's still a decent difference, however I still don't see point of that comparison. Proof that cryptocurrencies are not in a bubble? Not really. Or will the crypto market grow 12 times before it bursts? I'd love to experience that but I don't see it real... Quote "The stock market downturn of 2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002.[27] " Source: Gaither, Chris; Chmielewski, Dawn C. (July 16, 2006). "Fears of Dot-Com Crash, Version 2.0". Los Angeles Times. Referenced by: https://en.wikipedia.org/wiki/Dot-com_bubble#cite_note-27 Link to comment Share on other sites More sharing options...
Trippy Posted January 8, 2018 Share Posted January 8, 2018 On 10/9/2017 at 2:32 AM, enrique11 said: It's a nice comparison, but I don't think it's visually accurate. 6.7 trillion is 55.83 times larger than 120 billion. If I recall correctly, human eyesight is logarithmic, meaning an object has to be 10 times as close to you to appear twice as large. In this instance of the circles above, the size of the circle is given by its area, which means you should be able to fit exactly 55.83 of the little circles to take up the same amount of area used by the area of the dot-com bubble circle. Just by glancing at the images, it's obvious that you can fit a lot more than 55.83 little circles into the large circle, so you either need to make the little circle larger or make the larger circle smaller so that there is an accurate visual representation. It would be much easier to see this representation using a little square for the crypto marketcap and one large square for the dot-com cap with the larger square using lines that subdivide it into dot-com squares so you can count the actual number of little squares that fit into the area of the large square (dot-com bubble) to verify accurate size comparison. This is my post of the week! Wow! Link to comment Share on other sites More sharing options...
Guest Posted January 8, 2018 Share Posted January 8, 2018 I see the value of the dotcom-bubble before it popped but does anyone know what the current value of "dotcom" is today? Can that even be calculated? Nearly everything is online today. Link to comment Share on other sites More sharing options...
Ripple-Stiltskin Posted January 8, 2018 Share Posted January 8, 2018 Big bubbles can pop, small bubbles can pop. A bubble is all about the difference between supposed intrinsic value and actual marketcap. On a worldscale the Tulip bubble was small, but in Holland it was huge. Not saying crypto bubble is going to pop soon, but neither the opposite. Link to comment Share on other sites More sharing options...
RecentChange Posted January 8, 2018 Share Posted January 8, 2018 Link to comment Share on other sites More sharing options...
Guest Posted January 8, 2018 Share Posted January 8, 2018 something to note is that the dotcom bubble was mostly confined to north america, but had knock-on global effects crypto is a global phenomenon and there are fewer barriers to entry for the most part this is both exciting and concerning/scary -- be careful out there folks -- 99% of these coins are blatant scams and pyramid schemes Link to comment Share on other sites More sharing options...
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