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/Of course we can compare any cases with current situation at criprocurrency market. However, it seems to me that BTC cap will be increased in several times at least and considering mining costs for 1 BTC (more than 1k $) the BTC price can not be less than 1-1.5 k $