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The Dutch tulip bubble lasted a few years, really the height was only 6 months or so. Bitcoin has been on an upward trend for the past 12+ years, when does the
by tenuousemphasis 5y ago
The Dutch tulip bubble lasted a few years, really the height was only 6 months or so. Bitcoin has been on an upward trend for the past 12+ years, when does the comparison to tulips break down, in your mind?
- galaxyLogic 5y agoThey are similar financial instruments, so I think it is a good comparison. Of course the value of one can go up or down much faster than the value of the other. Value of tulips COULD have gone up for six years instead of six months. Similarly the value of gold can go up or down much faster or slower than the value of oil for instance. But with gold or oil there is much more "intrinsic value" than with Bitcoin. It seems to me that Bitcoin has zero intrinsic value. You need a bigger or as big a fool to get your money back. Not saying that Bitcoin might not be a good investment, but currently it is down 31.65% in a month. It is not a good "store for money". Fool me once, shame on you. Fool me twice shame on me :-) https://www.google.com/search?q=bitcoin+rate&rlz=1C1CHBF_enUS875US875&oq=Bitcoin+rate&aqs=chrome.0.0i131i433i512j0i131i433i457i512j0i512l8.4631j1j15&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=bitcoin+rate&rlz=1C1CHBF_enU...