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I think it amusing that the value of all 90s dot com IPOs were $44 billion. If that's accurate then it sounds like the dot com market as a whole was a bargain, because Google alone is worth >$700 billion and Amazon is worth >$500 billion.

Bubble or not, one obvious difference with cryptocurrencies is, it is not limited to a geography or a country. I hesitate to use the term “insurance” but the risk is spread across the globe. That plus the freedom to get into it (and leave) anytime makes it unique in a way.

Oh, but the naysayers in the media who have predicted bitcoin's collapse every month for years and have been wrong every time are of course given a free pass and are allowed to say "this time it's different" once again.

I think this is clearly not equivalent

At the moment it feels like a parent warning a child - at some point you have to decide to step back and let them learn the painful lesson for themselves