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Bitcoin has existed for eight years[0] at this point, other cryptocurrencies, such as litecoin, have existed for six years[1]. Tulip mania was fairly short live

Bitcoin has existed for eight years[0] at this point, other cryptocurrencies, such as litecoin, have existed for six years[1]. Tulip mania was fairly short lived with its peak lasting only a few months (November to May)[2]. Yes, the hype is overwhelming but I think tulip mania is bad comparison, a better comparison would be AI winters or tech bubbles. [0]: https://en.wikipedia.org/wiki/Bitcoin https://en.wikipedia.org/wiki/Bitcoin [1]: https://en.wikipedia.org/wiki/List_of_cryptocurrencies https://en.wikipedia.org/wiki/List_of_cryptocurrencies [2]: https://en.wikipedia.org/wiki/Tulip_mania#History https://en.wikipedia.org/wiki/Tulip_mania#History

pavel_lishin 9y ago
What's an AI winter?
- grzm 9y ago
  I believe they're referring to "a period of reduced funding and interest in artificial intelligence research." https://en.wikipedia.org/wiki/AI_winter https://en.wikipedia.org/wiki/AI_winter
ovulator 9y ago
Tulips had existed for a long time too. Neither tulips nor bitcoin are worthless, both are/were just extremely over valued. The current surge in bitcoin pricing has only really started from May of this year. The last time this happened with bitcoin about 4 years ago the surge only lasted a couple of months.
- EthanHeilman 9y ago
  Tulip supply is inflationary since tulips create more tulips. Bitcoin is more similar to the market over Superman #1 than Tulips, as Bitcoin has a known and fixed supply. However neither Superman #1 nor Tulips are not as liquid or as difficult to counterfeit as Bitcoin. In fact there has never existed a collectible as difficult to counterfeit as Bitcoin.
ringaroundthetx 9y ago
Tulip mania is probably the worst poster child for any mania. It rolls off the tongue though, and praise Hollywood for spreading another misconception.
bdcravens 9y ago
Perhaps pedantic, but Bitcoin as a tradable instrument is really only about 7 years, starting in July 2010. Otherwise you'd have to talk about how long tulips have existed.
- mrb 9y ago
  Trading started on 17th March 2010 on BitcoinMarket.com https://bitcointalk.org/index.php?topic=20.msg748#msg748 https://bitcointalk.org/index.php?topic=20.msg748#msg748 https://en.bitcoin.it/wiki/Bitcoin_Market https://en.bitcoin.it/wiki/Bitcoin_Market

pavel_lishin 9y ago

What's an AI winter?

grzm 9y ago
I believe they're referring to "a period of reduced funding and interest in artificial intelligence research." https://en.wikipedia.org/wiki/AI_winter https://en.wikipedia.org/wiki/AI_winter

ovulator 9y ago

Tulips had existed for a long time too. Neither tulips nor bitcoin are worthless, both are/were just extremely over valued. The current surge in bitcoin pricing has only really started from May of this year. The last time this happened with bitcoin about 4 years ago the surge only lasted a couple of months.

EthanHeilman 9y ago
Tulip supply is inflationary since tulips create more tulips. Bitcoin is more similar to the market over Superman #1 than Tulips, as Bitcoin has a known and fixed supply. However neither Superman #1 nor Tulips are not as liquid or as difficult to counterfeit as Bitcoin. In fact there has never existed a collectible as difficult to counterfeit as Bitcoin.

ringaroundthetx 9y ago

Tulip mania is probably the worst poster child for any mania. It rolls off the tongue though, and praise Hollywood for spreading another misconception.

bdcravens 9y ago

Perhaps pedantic, but Bitcoin as a tradable instrument is really only about 7 years, starting in July 2010. Otherwise you'd have to talk about how long tulips have existed.

mrb 9y ago
Trading started on 17th March 2010 on BitcoinMarket.com https://bitcointalk.org/index.php?topic=20.msg748#msg748 https://bitcointalk.org/index.php?topic=20.msg748#msg748 https://en.bitcoin.it/wiki/Bitcoin_Market https://en.bitcoin.it/wiki/Bitcoin_Market