Preterism is 1 of 4 ways of interpreting biblical prophetic scripture. Preterists (as they are known) see all prophecy fulfilled by 70AD - the key event being the destruction of the Jerusalem temple by Roman armies commanded by General Titus.

(from the Latin word praeter, meaning past) The view that eschatological events prophesied in Scripture have already taken place. Preterism manifests in two basic forms: partial and hyper preterism. The former lies within the pale of orthodox Christianity in that it postulates that the bodily return of Christ, the bodily resurrection of the dead, and the final resolution of sin is yet future. The latter, however, is clearly heretical in that it presumes all prophecy, including the second coming of Christ and the resurrection of Christians, has been fulfilled.

Preterism is one of the 4 ways of interpreting prophetic scripture. The word preterist comes from the meaning "past".

The "preterist" sees all prophetic scripture from the bible fulfilled by 70AD - the destruction of the Jewish temple by the Roman armies commanded by Titus. This fulfillment includes the Second Coming, the rise of the Anitchirst, the 21 judgments mentioned in the book of Revelation among other things.

Improve the answer: Revelation was seen as written before 70AD before the Schofield Dispensationalism revolution. The prophetic phrases used are found elsewhere referring to other judgment events in the scriptures. There is no verse to disprove Preterism because it is what the Bible teaches. Also there is no Scripture to support futurism for all prophecies where fulfilled. Preterism is skating on very thin ice. If they would study out the Bible they maybe would find the right view that first the church has not replaced Israel. Second the New Testament was written for Christians between the two comings of Christ. If prophecy ended with the fall of Jerusalem in 70 AD we who are alive today are in a sorrowful state. If prophecy ended in 70 AD where is God's history for the last 2000 years because certainly we are not beyond the Millennium and I know that this is not the new heavens and new earth. If it is my God has lied to me. And I know that God can not lie.

They believe they somehow see themselves in the Scriptures and subconsciously desire to be "rescued" from this present world. They have misinterpreted Scripture and missed that Yeshua completed all the prophecies that were spoken of by the Prophets. The correct interpretive Hermenuetic is to apply Preterism to end-time prophecies and things will become clear how much Christ did.