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Comment by przeor | Hacker News Reader

The scale is different because back then there were circa 100 000 000 +/- mln onboarded onto the hype.

Now They expect 1BLN+ to be onboarded to crypto with internet access.

More growth potential takes more time to play out.

Most people were ignoring crypto in 2017 like internet was ignored in 1993 by most people.

Period of 2009-2016 is like 1980-1992 for the internet. Almost no one was using it beside geeks and tech passionate youngsters.

Institutions are getting interested only from 2021 in a serious manner like in 1998-2001 for the internet period.

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So you are saying we will see crypto crash in 2-3 years? We are living in times were onboarding is the fastest and is getting faster all the time. TikTok first to 100 Million users was 1000x faster than Facebook. I strongly believe you have it in reverse.

> So you are saying we will see crypto crash in 2-3 years?

It's already crashed a couple times now. Each time it did, it came back a couple years later stronger than ever.

dotcom dipped and recovered all the time before the big crash... it was joke.

What in real economy in terms of "charts" and "ticks" and "emotions" happens in 20 years, in crypto it happens faster probably in 4 years.

I don't know, but the way it is. People in crypto are used to 90% off within few weeks, where people in the other world probably won't experience it in a lifetime with their "traditional" investments. This is why it's so hard to explain..

It's much harder to onboard into a new currency, than to onboard to new social media platform.

It's like learning to fly an airplane VS learning to drive a car.

People treat their financial stuff with more caution than opening an account on TikTok.

No, crypto did not invent the financial scam either. I got lucky myself but I wouldn't tell my mom to put their retirement money into crypto and your sales pitch sounds more like a pitch for a cult than sane investment advice.

In general, people on HN doesn't get crypto and put minuses on my comments.

History rhymes. Everything takes long time to play out. Internet took 40 - 50 years, crypto is just 10 years old and they say it has to bust, soon.

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