Do you remember that day in 1989? The Japanese Nikkei 225 index reached a historic peak of 38,915.87 — the climax of asset price surges throughout the 1980s— with real estate, stocks, and frenzied speculation filling every corner.



And then? The market experienced a spectacular free fall.

Why is this historical case worth repeatedly recalling? Because it perfectly illustrates what an asset bubble cycle looks like. Speculative enthusiasm drives prices higher and higher, ultimately facing a brutal correction. Just look at Japan's economy over the past thirty-plus years to see how deep that crash's impact was.

For those closely watching the crypto market, this history serves as a mirror. We've seen similar stories unfold repeatedly: excessive leverage, abundant liquidity driving assets to crazy heights, then... risk is released, and rationality returns. Each cycle repeats this ancient pattern.

History doesn't repeat exactly, but it often rhymes.
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LadderToolGuyvip
· 01-01 04:46
The blood and tears of Japan in the 1990s, it feels like we are still repeating the same story now.
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CascadingDipBuyervip
· 2025-12-31 06:33
The Japanese bubble burst is indeed something to be cautious about, but can the crypto world really learn a lesson? Doubtful. --- It's the same old story from Nikkei Japan... We're now leveraging even more than back then. --- Every time, people say history rhymes, so why are some still going all in? Haha. --- Thirty years later, the aftereffects still haven't fully faded. How long will this cycle take for us to see clearly? --- That's a good point, but it's a bit too pessimistic. The crypto market's self-healing ability is quite strong, after all. --- That's why I've always坚持 dollar-cost averaging and not betting on single high points. --- It was so great when liquidity was abundant. Now that it's tightening, people are starting to tell stories again.
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ReverseFOMOguyvip
· 2025-12-31 01:06
I'm really afraid of Japan Nawa, I feel like the crypto world is following the same script now...
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StableCoinKarenvip
· 2025-12-30 13:21
Japan's Naha is really bloody, and we haven't learned our lesson here either --- Leverage stacking to the sky, in the end, retail investors still foot the bill, a cyclical tragedy --- The incident in the 90s has caused thirty years of losses, does anyone in the crypto circle remember? --- It's another bubble theory, can we stop using Japan to scare people... --- Basically, it's greed. Every time, we think we're different --- History rhymes, this is incredible, it feels like we're constantly repeating the same mistakes --- When liquidity is abundant, the market starts to overheat. No one can change this flaw --- From 1988 until now, we really haven't learned to take profits when the time is right
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ContractTestervip
· 2025-12-29 18:12
Thirty years after the Japanese Naha bubble burst, they still haven't recovered, and in our crypto circle... every time we say we've learned our lesson, but isn't it just the same old pattern?
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GasFeeTherapistvip
· 2025-12-29 18:09
Japan Nawa, I have looked at the historical records, but honestly, the crypto world is still repeating the same stories, which is really quite hopeless.
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RamenStackervip
· 2025-12-29 18:08
Here we go again talking about the Japanese real estate bubble... I'm tired of this argument, but every time someone falls for it, haha. It's the same on the crypto side, always waiting for that "inevitable correction," not realizing that some coins have already corrected three or four times. Rhyming? More like betting, right? Back then, Japan had explosive liquidity, and now we do too. The difference is that this time, the Federal Reserve is involved. To put it simply, knowing that cycles exist and avoiding cycles are two different things.
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0xOverleveragedvip
· 2025-12-29 18:07
We've seen Japan Nawa a thousand times, but the question is whether we can learn a lesson this time. Anyway, leverage is still being piled up crazily, and liquidity hasn't decreased either.
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NullWhisperervip
· 2025-12-29 18:04
nah technically speaking, japan's '89 collapse is just the obvious pattern everyone points to... but here's the thing—audit findings suggest most people completely miss the *actual* vulnerability. they see bubble, they see pop, but the real edge case? leverage cascades nobody's modeling properly. we're doing the same thing again, just with different tokens. interesting.
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MetaverseLandlordvip
· 2025-12-29 17:54
Naha in Japan, to put it simply, still hasn't controlled his greed... Now it's the same in the crypto world, every round gets more intense.
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