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There are plenty of legitimate reasons to deride Bitcoin but comparing it to tulipmania is really tired and just plain wrong for so, so many reasons. Read up a
by bitxbitxbitcoin 6y ago
There are plenty of legitimate reasons to deride Bitcoin but comparing it to tulipmania is really tired and just plain wrong for so, so many reasons. Read up a little on what actually happened during Tulipmania - how many people were effected, and the role of the nascent futures contract and government action/ability to take action.[0][1] Bitcoinmania isn't the same in scale, nor in the underlying fundamentals of the commodity being speculated on, and certainly not in the ability for government to take action.
[0] https://www.history.com/news/tulip-mania-financial-crash-holland https://www.history.com/news/tulip-mania-financial-crash-hol...
[1] https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp https://www.investopedia.com/terms/d/dutch_tulip_bulb_market...