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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
by 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.