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Literally the same line about tulips has been repeated for the last 4 years. It's probably true, but at this point I'm curious why anyone is interested in yet a

Literally the same line about tulips has been repeated for the last 4 years. It's probably true, but at this point I'm curious why anyone is interested in yet another article saying exactly the same thing with no new information, content, evidence, anything.

leggomylibro 9y ago
You can lose a lot of money being right at the wrong time.
nxsynonym 9y ago
Ironically, the news works in the same way as BTC prices. There doesn't have to be any intrinsic value as long as people are talking about it. The tulip mania comparison is lazy. It's just a way for pass of FUD as a "scholars approach", when in reality nobody knows if it is a bubble or not since it hasn't yet crashed. When the price sinks down to <1k/btc and stays there, we can look back and laugh over the tulip mania. Until then its all speculation, on both sides.
- chucksmash 9y ago
  > It's just a way for pass of FUD as a "scholars approach", when in reality nobody knows if it is a bubble or not since it hasn't yet crashed. No horses in the race (except a sense of regret I didn't buy more sooner), but isn't this exactly what the majority opinion is about every contemporaneous bubble? I was a Finance major back before the crash when my professors used to say homes were the only asset that always increased in value.
dnautics 9y ago
people are idiots. The tulip bubble (and most every bubble since) have ended in a lot of tears because of leveraged trading. While there is some leveraging going on in the cryptocurrency market today, it's far less than any we've seen of late (and far less than the tulip bubble). If you don't want to end up crying about bitcoins or crypto you do the following: 1) make a plan that you're happy with. 2) if it fails, oh well 3) consider your assets lost as soon as you put into cryptocurrency.
PMan74 9y ago
> It's probably true Is it though ....? https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-...

leggomylibro 9y ago

You can lose a lot of money being right at the wrong time.

nxsynonym 9y ago

Ironically, the news works in the same way as BTC prices. There doesn't have to be any intrinsic value as long as people are talking about it. The tulip mania comparison is lazy. It's just a way for pass of FUD as a "scholars approach", when in reality nobody knows if it is a bubble or not since it hasn't yet crashed. When the price sinks down to <1k/btc and stays there, we can look back and laugh over the tulip mania. Until then its all speculation, on both sides.

chucksmash 9y ago
> It's just a way for pass of FUD as a "scholars approach", when in reality nobody knows if it is a bubble or not since it hasn't yet crashed. No horses in the race (except a sense of regret I didn't buy more sooner), but isn't this exactly what the majority opinion is about every contemporaneous bubble? I was a Finance major back before the crash when my professors used to say homes were the only asset that always increased in value.

dnautics 9y ago

people are idiots. The tulip bubble (and most every bubble since) have ended in a lot of tears because of leveraged trading. While there is some leveraging going on in the cryptocurrency market today, it's far less than any we've seen of late (and far less than the tulip bubble). If you don't want to end up crying about bitcoins or crypto you do the following: 1) make a plan that you're happy with. 2) if it fails, oh well 3) consider your assets lost as soon as you put into cryptocurrency.

PMan74 9y ago

> It's probably true Is it though ....? https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-...