In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison.
Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly.
It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000.
For all you bitcoin investors - would you be happy with seeing 90% of your value lost now, and then have to wait 17 years just to get back to where you are now?
Or is it time to cash in before it is too late?
http://money.cnn.com/2000/11/09/technology/overview/I won't really mix up bitcoin with the dotcom bubble that happened in 2000. That time, a majority of the investor didn't know what internet is and what can be done using it. I remember, that I didn't have a computer at my house that time and I got my first computer in 2004. I remember spending 15 minutes to download a 3 mb sized song. The situation has changed a lot in 2017. Today, people are much more informed and resilient to changes. A lot of innovation in technology and financial field has progressed the mankind so we can quickly take out decisions with the help of statistics.
So I recommend you to please keep your discouraging words under your pant. Today people know what they are doing and they also know how to fight back with the help of data analysis and information. Dotcom bubble will not repeat in crypto world especially when we are standing in an era of advanced technologies.