{"id":998,"date":"2018-12-06T19:09:44","date_gmt":"2018-12-06T19:09:44","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=998"},"modified":"2025-06-06T13:08:27","modified_gmt":"2025-06-06T13:08:27","slug":"bitcoin-mirrors-amazons-trajectory-after-steep-price-decline","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/","title":{"rendered":"Bitcoin Mirrors Amazon&#8217;s Trajectory After Steep Price Decline"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#Crypto_vs_Dot-Com_A_Bubble\" >Crypto vs Dot-Com: A Bubble?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p data-pm-slice=\"1 1 []\">Can the Bitcoin price follow Amazon\u2019s price pattern? Bitcoin&#8217;s price has been under pressure for the past 11 months. This followed a sharp bull run in the second half of the previous year. Last week, the coin hit a new yearly low of $3,500. Traders are still unsure if the bearish trend has reached its bottom. Some analysts suggest that Bitcoin mirrors Amazon&#8217;s trajectory. They highlight similarities in the dramatic rise, sharp correction, and potential for long-term recovery.<\/p>\n<p><em>Source:\u00a0<a class=\"subtitle-link\" href=\"https:\/\/coinmarketcap.com\" target=\"_blank\" rel=\"noopener noreferrer\">coinmarketcap.com<\/a><\/em><\/p>\n<p>Some analysts are correlating the crypto market price movement with the dot-com bubble; they believe crypto coins&#8217; bubble had already busted at the beginning of the year when crypto coins&#8217; prices started collapsing from their all-time high. The pattern is similar to the dot-com bubble. Tech stock prices had made similar moves in the late \u201990s, and the bubble busted completely in fiscal 2000.<\/p>\n<p>Some analysts, on the other hand, don\u2019t believe that there is a similarity between crypto markets and the dot-com bubble.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Crypto_vs_Dot-Com_A_Bubble\"><\/span>Crypto vs Dot-Com: A Bubble?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Angel Versetti\u00a0<a href=\"https:\/\/www.independent.co.uk\/life-style\/gadgets-and-tech\/news\/bitcoin-price-usd-2018-crash-analysis-stock-cryptocurrency-bubble-burst-dotcom-a8648296.html\">said,<\/a>\u00a0&#8220;<em>While there are similarities regarding overvalued new technology startups with unproven or unsustainable business models that were incessant in both dot-com and crypto, the sheer scale of crypto and dot-com businesses are not comparable.<\/em> I do not believe we are, or were, anywhere close to a bubble with cryptocurrency.\u201d<\/p>\n<p>If cryptocurrency market is a bubble, then Bitcoin could behave like Amazon. The tech company Amazon was among the biggest drivers of the boom and burst of tech stocks in 90s. Amazon&#8217;s share price jumped sharply during 90\u2019s era. The stock had hit $300 in 1998 before collapsing to $6 in 2000. However, Amazon didn\u2019t die after hitting $6 in fiscal 2000. Its price regained momentum, and the AMZN shares are currently trading above $1,500.<\/p>\n<p>Fred Wilson, a well-respected venture capitalist who thrived through the dot-com Boom and Bust, <a href=\"https:\/\/cryptoslate.com\/venture-capitalist-be-patient-with-crypto-amazon-took-8-years-to-recover-from-1999\/\">says<\/a>, \u201c<em>I think some crypto asset (and possibly some crypto assets) will have a price chart like Amazon\u2019s current one in 18 years.<\/em> But we will have to do what Amazon did, hunker down and build value and survive, for quite a while to get there. And I think things will get worse before they get better.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">The cryptocurrency markets are in doldrums over the past few months; the markets are desperately waiting for positive indicators that could help to end the bearish trend. Bitcoin&#8217;s price is currently trading at the lowest level in the past 14 months while altcoins have also experienced similar losses in the past three quarters. Some believe that Bitcoin mirrors Amazon&#8217;s trajectory, pointing to a potential rebound after a steep correction. On the whole, it\u2019s too early to say that<a href=\"https:\/\/icoholder.com\/blog\/elliott-wave-trading-strategies-for-market-analysis\/\"> Bitcoin could<\/a> behave like Amazon as both assets have different market dynamics and business fundamentals.<\/p>\n<p><em>Do you see any resemblance between Bitcoin&#8217;s and Amazon&#8217;s price movement? Let us know about your thoughts in the comments section below.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Can the Bitcoin price follow Amazon\u2019s price pattern? Bitcoin&#8217;s price has been under pressure for the past 11 months. This followed a sharp bull run &hellip; <\/p>\n","protected":false},"author":3,"featured_media":8340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Mirrors Amazon&#039;s Trajectory After Steep Price Decline<\/title>\n<meta name=\"description\" content=\"Bitcoin mirrors Amazon&#039;s trajectory, showing signs of long-term recovery after a dramatic rise and market correction - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Mirrors Amazon&#039;s Trajectory After Steep Price Decline\" \/>\n<meta property=\"og:description\" content=\"Bitcoin mirrors Amazon&#039;s trajectory, showing signs of long-term recovery after a dramatic rise and market correction - 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IcoHolder.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Mirrors Amazon's Trajectory After Steep Price Decline","og_description":"Bitcoin mirrors Amazon's trajectory, showing signs of long-term recovery after a dramatic rise and market correction - IcoHolder.","og_url":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/","og_site_name":"ICOholder Blog","article_publisher":"https:\/\/www.facebook.com\/icoholdercom\/","article_published_time":"2018-12-06T19:09:44+00:00","article_modified_time":"2025-06-06T13:08:27+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2024\/10\/Crypto-en-Cyber-Security-750x430-1.jpg","type":"image\/jpeg"}],"author":"Siraj Sarwar","twitter_card":"summary_large_image","twitter_creator":"@icoholder","twitter_site":"@icoholder","twitter_misc":{"Written by":"Siraj Sarwar","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#article","isPartOf":{"@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/"},"author":{"name":"Siraj Sarwar","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/6d4905c23d73e18f9ce319da2da51d71"},"headline":"Bitcoin Mirrors Amazon&#8217;s Trajectory After Steep Price Decline","datePublished":"2018-12-06T19:09:44+00:00","dateModified":"2025-06-06T13:08:27+00:00","mainEntityOfPage":{"@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/"},"wordCount":494,"commentCount":0,"publisher":{"@id":"https:\/\/icoholder.com\/blog\/#organization"},"image":{"@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#primaryimage"},"thumbnailUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2024\/10\/Crypto-en-Cyber-Security-750x430-1.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/","url":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/","name":"Bitcoin Mirrors Amazon's Trajectory After Steep Price Decline","isPartOf":{"@id":"https:\/\/icoholder.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#primaryimage"},"image":{"@id":"https:\/\/icoholder.com\/blog\/bitcoin-mirrors-amazons-trajectory-after-steep-price-decline\/#primaryimage"},"thumbnailUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2024\/10\/Crypto-en-Cyber-Security-750x430-1.jpg","datePublished":"2018-12-06T19:09:44+00:00","dateModified":"2025-06-06T13:08:27+00:00","description":"Bitcoin mirrors Amazon's trajectory, showing signs of long-term recovery after a dramatic rise and market correction - 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