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the fact that you tout the "tulip mania" example shows that Bitcoin and markets are not the only things you know little about: http://www.smithsonianmag.com/hi
by shlant 9y ago
the fact that you tout the "tulip mania" example shows that Bitcoin and markets are not the only things you know little about:
http://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/#cZtyAgAvv2FlrssY.99?no-ist http://www.smithsonianmag.com/history/there-never-was-real-t...
> BTC is pure insanity that will soon end badly for most "speculators"
> Its happening with BTC now
Join the long line of people that have been saying this for almost 5 years and have been so soooooooooo wrong
- danielahn 9y agoDid you read the article you posted? Actual tulip mania, as described in the article, is much more similar to what is happening in bitcoin than the mythologized tulip mania. Frantic speculation in a narrow space with the market eventually crashing when speculative buyers are no longer willing to bid up?
- takeda 9y agoWhat was going for tulips is that they had an "expiration date" bitcoin will probably take longer because there's no such thing. To me bitcoin lost its appeal after transaction fees became high. The value is ok, since you can still use fractions of it, but current transaction fees and time to wait for confirmation makes it unsuitable for daily use. So in my mind bitcoin already failed what it supposed to provide.
- richmarr 9y ago> Join the long line of people that have been saying this for almost 5 years and have been so soooooooooo wrong You're overstating your case. They just haven't been proven right. In such a young, poorly understood, and speculative, environment it seems reasonable to suspect a bubble. 5 years doesn't prove or disprove anything.