Bitcoin will suppress a 30 000 dollar mark. When will it happen and when will start a new bull run?
Is something quite interesting? Now, this particular chart you see right now, and you might think this is bitcoin, it might take initially it. My thing is, is the chart of Bitcoin, because it looks very similar, but it's not. It's a stuck of a famous company, which almost everybody knows, I'm sure. About 20 years ago in [inaudible] 97 1997 the stock of this company went up 8000% 800% or more than that, actually in 1990 at peak and then crashed by 94% all right, so this stock went into a massive bubble. All right, and everybody knows what this stock is. I'll show it to you then crashed by 94% so let me show you precisely what stock this is liquid. Let's go to the next chart guys. Yes, guys, you guessed it. It's Amazon. You saw guys 20 years ago, the slough off Amazon went from a dollar 30 about a dollar 30 and then skyrocket as you can see their 8360% and then Amazon went to $110 and then crashed in the famous dot com crash of course of 99 nine 2000 and dropped by 94% similar does that, does that look very similar or familiar to bitcoin?
I would say it does. Certainly looked very similar. Bitcoin also, as we know, crashed by about 85% from its high as a 20,000 many people right now, most folks right now believe that it's over for bitcoin. The bitcoin cannot possibly go back to 20,000 guys. If ever anyone tells you that bitcoin cannot go, cannot go back and 20,000 just shutting this chart and then showed them the next chart. Let's go. Let's go to the next year. Take a look at this. Amazon right now as we speak. All right. Uh, it's about 1,600, but just the last year and into 2018 it was nearly $2,000. So the bottom line is this guys, that there is a stuck off Amazon. It after it crashed by 94%, it eventually recovered and went up to be over a thousand dollars, uh, nearly $2,000 this last year. Um, and again, what this shows is that most folks who think that after, um, a boom and bust like bitcoin went through, that it's over.
Should look at the history, the history of the market, the history of, of stocks like Amazon. And I will say this, by the way, guys, by the way, it's important to appreciate that there. Therefore, it's entirely possible, even probable for Bitcoin to do something very similar to go to 20,000. Again, eventually, maybe even the 30,000 or more. Let me show you the next chart. It's important to remember though that it took a look quite a bit of time for Amazon to eventually recover and go above its previous highs of 99. It took about ten years. It took from 1999 to 2009 of about approximately ten years. Finally, to re-manage to recover, I radically exceed his prior highs. What it shows is we have to be very patient here. Okay, so anyone who thinks it's going to be a rapid thing for Ricco for Bitcoin to recover probably does not go to happen.
The smart way you should try to start Bitcoin trading with small amount of money
About a few weeks ago I said that it's possible or probable for bitcoin maybe to do what, what had repeated before, but three and a quarter years, maybe, maybe three and a quarter years for bitcoin to recover by the year 2021 but as the chart shows, it might take longer than that. It might take perhaps Lowman and three-quarter years, probably six, maybe even a potentially even eight to 10 years. Bottom line is it's a patience game, and again, there is no guarantee it's going to recover it. But the bottom line is, uh, as we can see from this chart, eBay, Amazon is entirely possible and even for it to happen. Now I know what some of you are going to. Somebody who would probably be going to say, I'm probably going to get some feedback from people saying, well, look, Amazon is the stock of a famous, successful company, a billion dollar successful company.
How can you compare it to bitcoin? Let me say, let me tell you why and how 20 years ago, hardly anybody knew about Amazon and most, most people like you, probably like you and me, uh, did not use Amazon or the Internet to buy our stuff. Probably most of you, probably just like me, about 20 years ago, bought our stuff from the high street. But what does Amazon do? Amazon has put most high street shops out of business right now. So what's happened is Amazon, it's changed at buying habits off. Most people, people are no longer shopping from the high street. They're shopping from, uh, from Amazon online. So if Amazon could change the buying habits of most people, why cannot do the same? Why can't bitcoin do the same thing? Maybe in the future, 10 or 20 years from now, people won't be using, maybe 20 years from now, people won't be using Fiat currency like the dollar right now. They're probably the using something that has a finite value and something that is, that is, uh, not Fiat's currency like bitcoin.