The dot-com bubble and the housing market crisis share one thing in common. The everyday folks, you and I, got into those markets towards the end and experienced the worse of the crash.
Crypto is the reverse as we were the early adopters instead of institutional money.why we keep having the massive crashes? Because the everyday Joe just blindly throws money into any/every coin without even proper research. The everyday Joe buys into FOMO and panic sells at a lost. Institutional money are very smart investors who understands the value in what they are investing in (internet) and doesn't panic sell but rather holds. They prey off the average Joe's lack of understanding of how markets work. Once the market gets overextended they know how to pull out and they sit back and watch as every inexperienced person panics and sells.
This market is a baby and this is the greatest investment opportunity we will ever have in our lifetime. It's sad to know that people are actually losing money in this market. All you have to do is proper research into solid coins and hold. It's really that simple but people overcomplicate things and usually end up losing money by doing dumb trades.