[ngsayjoe]

Current Bitcoin / ICO / cryptocurrencies draw more similarity to 2000 Dot Com Mania than current tech bluechips with solid earnings.

>> What's different today is that the likes of Apple, Google, Microsoft, Facebook and Amazon are money-making machines on a scale probably not matched since at least the era of Standard Oil, the 19th century railroad tycoons and other industrialists like Carnegie.

During Standard Oil times there were country-barrier, but nowadays tech monopolies can almost make money tax free from those foreign countries they may not even have an office in.

[wils1245]

My question is, when the crypto market corrects, will it spark a broader tech pullback? The big four will be fine, but lots of unprofitable tech companies will be vulnerable.

[ngsayjoe]

Yeah, just like the last Dot com bubble when it bursted some traditional companies didn't follow, e.g those components of Berkshire Hathaway.

My guess is AAPL, AMZN, INTC, GOOG, MSFT should all be pretty safe. Can't be said for Snap, FB, NFLX, TSLA, NVDA. I would love to see TSLA succeed though but it has lots of debts.

[lostmsu]

Why NVDA is not safe? They are pure hardware, that the former 4 need all the time.

[graedus]

I'm guessing the argument is that some significant portion of the demand for NVDA parts is due to crypto mining (I don't know how significant). If you imagine that demand dying down then NVDA doesn't look as good I suppose. Their products are still good though and there was plenty of demand for them before crypto mining and speculation became a factor.

[ngsayjoe]

The current crypto mining mania certainly contributed much to NVDA bottom line.

[dreit1]

Take a look at the markets, many cryptocurrencies have corrected hard in the past couple of months. Many trade 50% below their peak price (ratio to BTC not USD) right now. Cryptocurrency markets are ruthlessly efficient