As a reference point, t took 15 years for the NASDAQ to recover from the first internet bubble. It is now 50% higher. When will the bubble burst and how long will it take to recover this time?
21 Nov 2022
Quite deep into it now with -60% on average.
BTC at $16k! Reaching the bottom of my earliest Bitcoin holdings (I wish I would have kept some from my usage between 2011 & 2020!).
Quite a significant "paper loss" for me with crypto at the moment across 90% of my coins/tokens.
I was expecting a bubble of sort since last year - I should have held off investing after my gut feel.. FOMO is strong!
Still convinced by blockchain technology, its potential, and certain that our future includes many blockchain-based disruptions.
Amazon (AMZN) was down to $5 during the dot.com - will there be any of these coins/tokens surviving the long crypto winter ahead?
Questions is, what happens when the price of BTC falls below the cost of mining it (currently estimated at $12,000 for general miners)? 🤔