Re:Coinbase stock lost over 75% value
by Tiktaalik on Tuesday May 10, 2022 @12:03PM
(#31328724)
It is not the same (I was alive during the dotcom bubble).
In contrast to bitcoin/etc, it was always clear how broadly useful the internet would be.
Even while companies with inflated valuations like eBay were being battered, a broad amount of the mainstream population was using the sites every day and loving them.
It does not feel the same with cryptocoins, where owning an NFT Ape remains some peculiar niche thing and typical people have no relationship with cryptocoins at all.
In contrast to bitcoin/etc, it was always clear how broadly useful the internet would be.
Even while companies with inflated valuations like eBay were being battered, a broad amount of the mainstream population was using the sites every day and loving them.
It does not feel the same with cryptocoins, where owning an NFT Ape remains some peculiar niche thing and typical people have no relationship with cryptocoins at all.