![13713.jpg](https://steemitimages.com/DQmRVT7aFev42HYvnE3ncTd5eCqQnLvuP6YVQtaH4YmeDaX/13713.jpg)

Once every so many years it is again of that, then man once again shows his most greedy side. This often happens at times of major technological changes. One sees the potential, but people forget that appreciation also plays a role. The bubble that bursts sooner or later leaves many in ruins. Does the crypto market also go that way?

In the beginning of the 20th century there was the invention of the radio, cars, airplanes, electricity networks, ... it created a huge bubble on the stock market. Investors were convinced that these new technologies would change the world. That was true, but not at any price. Deflating this bubble on Black Tuesday was ultimately the reason for the Great Depression of 1929-1939.

At the end of the last century we saw this phenomenon again with the advance of the internet. Companies like Netscape, Yahoo, Amazon, Microsoft, Intel, ... would change the world via the internet. That was true, but not at any price. The deflation of the internet bubble was one of the most destructive periods for investors ever.

![internetbubbel.png](https://steemitimages.com/DQmcj8Ubrx9irQNGJS7dX1HBGaq6qbLnXruGZL4kH8Mvcq5/internetbubbel.png)

Today another technological change is emerging that will change the world: blockchain and crypto coins.

Investors are entering this market just because prices are rising. HODL is the code word because everything always rises. The underlying project or the valuation of the currency is not important. It rhymes suspiciously with the bubble beginning and end of last century.

![sentiment-bubbel-768x499.png](https://steemitimages.com/DQmdjft1vvKq9RfhpS76u1MCpGeha3X9ku3eTB6uekqkSPS/sentiment-bubbel-768x499.png)

Even now technology will survive and change the world, but even now this will not happen at any price. However, appreciation is only important when the bubble empties. It determines how deep you can fall. When that happens, however, no one can tell.

Crypto specialist Mike Novogratz once said that the crypto market will become the biggest bubble in the history of mankind. That means that you can also earn a lot of money as long as the bubble grows.

Source:<a href="http://bellaj.freehostia.com/index.php/2017/03/15/analysis-the-blockchain-mania-and-the-dot-com-bubble/">Freehostia</a>