Dotcom compared to today's Cryptocurrency Market - Watch Out!
An online survey of 1,338 Americans by Money Magazine in 1999 found that nearly one-tenth of dot-com investors had at least 85% of their money in internet stocks. Everyone, everywhere was daytrading dot-com stocks in late 1999. According to the Intelligent Investor, what many people feared was bumping into somebody at a barbecue who was getting even richer even quicker by daytrading dot-com stocks than they were.
CNBC published the following headline on April 9th, 2021: Investors have put more money into stocks in the last 5 months than the previous 12 years combined. I was stunned by this. $569 billion has flowed into global equity funds in a period of only 5 months, compared with $452 billion going back to the beginning of the 2009-2020 bull market. Unadjusted to inflation, this equals to a 24x times shorter period!
An online survey of 1,338 Americans by Money Magazine in 1999 found that nearly one-tenth of dot-com investors had at least 85% of their money in internet stocks. (src: The Intelligent Investor)
In a survey conducted in a FB group with over 250k members by me, 71% of the candidates said they have more than 85% of their total investing portfolio fund allocated to cryptocurrencies.
The second most voted answer accounted for 10% of the candidates having 6 - 10% of their portfolio allocated to cryptocurrencies.
The FB cryptocurrency investing group grew from 37.5k group members in March, 2020 to around 250k currently. Representing an increase of 570% in users.
Out of the data above we can conclude the average newcomer to cryptocurrencies isn't safely diversfied in different asset classes.
In a more anonymous survey, almost 60% of candidates admitted they have between $1,000 and $10,000 invested in cryptocurrencies.
8% of candidates had less than $1,000 invested whereas a same percentage had $50,000 or more invested.
See Graph: How much money people have invested in cryptocurrencies
The following Medium article dates back to May 8th, 2018, 4 years ago: 12 Graphs That Show Just How Early The Cryptocurrency Market Is. It predicted the evolution of the cryptocurrency market partially with the beginning stage of the dotcom bubble. The article was a success and scored well on the accuraccy of the overall predictions.
One of the metrics compared were cryptocurrencies unique addresses (users) that would grow from 25M to 80M in 2021. At the time of writing there are 78 million blockchain wallets: https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/
In comparison, internet users increased from 70M to 400M in 2000 at the time of collapse: https://www.researchgate.net/profile/Michael-Peterson-16/publication/290738742/figure/fig3/AS:646783365570570@1531216579298/Rate-of-Growth-In-Internet-Usage-from-1996-2001-The-number-of-users-are-in-millions.png
On January 2022, we could witness bearish action as we enter a new 4-year cycle if we divide Bitcoin's cycles by longterm bearmarkets on the logarithmic scale:
Thanks for reading this article, trade safe!
CNBC published the following headline on April 9th, 2021: Investors have put more money into stocks in the last 5 months than the previous 12 years combined. I was stunned by this. $569 billion has flowed into global equity funds in a period of only 5 months, compared with $452 billion going back to the beginning of the 2009-2020 bull market. Unadjusted to inflation, this equals to a 24x times shorter period!
An online survey of 1,338 Americans by Money Magazine in 1999 found that nearly one-tenth of dot-com investors had at least 85% of their money in internet stocks. (src: The Intelligent Investor)
In a survey conducted in a FB group with over 250k members by me, 71% of the candidates said they have more than 85% of their total investing portfolio fund allocated to cryptocurrencies.
The second most voted answer accounted for 10% of the candidates having 6 - 10% of their portfolio allocated to cryptocurrencies.
The FB cryptocurrency investing group grew from 37.5k group members in March, 2020 to around 250k currently. Representing an increase of 570% in users.
Out of the data above we can conclude the average newcomer to cryptocurrencies isn't safely diversfied in different asset classes.
In a more anonymous survey, almost 60% of candidates admitted they have between $1,000 and $10,000 invested in cryptocurrencies.
8% of candidates had less than $1,000 invested whereas a same percentage had $50,000 or more invested.
See Graph: How much money people have invested in cryptocurrencies
The following Medium article dates back to May 8th, 2018, 4 years ago: 12 Graphs That Show Just How Early The Cryptocurrency Market Is. It predicted the evolution of the cryptocurrency market partially with the beginning stage of the dotcom bubble. The article was a success and scored well on the accuraccy of the overall predictions.
One of the metrics compared were cryptocurrencies unique addresses (users) that would grow from 25M to 80M in 2021. At the time of writing there are 78 million blockchain wallets: https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/
In comparison, internet users increased from 70M to 400M in 2000 at the time of collapse: https://www.researchgate.net/profile/Michael-Peterson-16/publication/290738742/figure/fig3/AS:646783365570570@1531216579298/Rate-of-Growth-In-Internet-Usage-from-1996-2001-The-number-of-users-are-in-millions.png
On January 2022, we could witness bearish action as we enter a new 4-year cycle if we divide Bitcoin's cycles by longterm bearmarkets on the logarithmic scale:
Thanks for reading this article, trade safe!
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