LogFAQs > #964976772

SergeantGander posted...

Yea people keep forgetting this idea of a long haul lmao. Look at Nasdaq after dot-com bubble broke. In 2001-02 it lost most of the speculative gains from late 90s into early 2000s losing about 80% of its value. Only to recover more than 10x.
The big companies remained despite taking big hits. Amazon crashed from ~$100 down to ~$5, now its Apple was worth less than a dollar per stock. Bubbles break, crashes happen. Markets have long down trends, if you're investing in solid crypto projects with real use cases and not lolpeepeepoopoo inu coin there is tons of room for growth in future.

Crypto isn't NASDAQ.
Crypto is the Dotcom Bubble.

The only reason anyone has faith in Bitcoin's value is because people tell them to have faith. There's nothing else. It will only take one true crash to be ruined forever, because unlike NASDAQ there's no federal reserve or SEC to back them up.