That's too bad, it's very convincing. It's important for interested parties to pay attention to this stuff. Ignoring it is just being ignorant in the connotativ

That's too bad, it's very convincing. It's important for interested parties to pay attention to this stuff. Ignoring it is just being ignorant in the connotative sense. It's not absolutely convincing though... I can't succinctly describe all my objections but I will say this though: the correspondence to tulip mania just doesn't hold for me, as the the tonic that drives up the price of BTC is the same tonic that gives them any value at all (simply because it has two attractors, zero and, as the link points out, something huge.) I am of the belief that tonic will remain modulo biases against, so unless that reaches critical mass the push will still be greatly upward. So the data looks similar in places and for similar reasons in most of those places, but the foundations work differently in many ways. None of what I've said above applies to the tulip situation, and all of it has to do with how it is valued. Consider the attractor(s) for the price of tulip bulbs. When it's going up it's open-ended, where BTC has a closed end. (How well that closed end approximates infinity is a cause for concern of course.)