State of the Industry
Out of context: Reply #2
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- design_naked0
Although I agree to some degree that we are in the middle of the 2nd bubble I think that if/when this one bursts it's not going to be as big of a bang.
As we get more technologically advanced as a country, world, civilization the need will only continue to grow.
And, we all have to keep in mind that there are still millions and millions (maybe even billions) of people in the world who don't own computers and haven't even seen or used the interwebs. New people are discovering computers and the internets every day.
I think the first bubble was a case of too much too soon. Not enough people onboard using the internet and computers to make all of the sites and craziness viable over an extended period of time.
I think I would look at this bubble as more of a bunch of grapes....where we don't have one big explosion of the bubble bursting but, instead, have little bursts of certain kinds of sites catching fire and then having a million copy cats and then that particular grouping of sites goes down the tubes but the other grapes in the bunch are fine. Is that making sense?...or maybe it makes more sense to say that this time it's a whole ton of balloons sectioned off in pockets and the first time around it was just one single balloon.
I agree though on the whole pricing thing. Get it while it's hot...store up for the lean times.