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I'm always amused when I come across comments like this. Yes, bitcoin could be our tulip bulbs. Or history might not be repeating this time and we might actua
by moe 13y ago
I'm always amused when I come across comments like this.
Yes, bitcoin could be our tulip bulbs.
Or history might not be repeating this time and we might actually be looking at something new that is here to stay.
Nobody knows, I wonder why so many people have that reflex to pretend they do.
- TylerE 13y agoHistory does give a hint as to which is more likely.
- deleted 13y ago[deleted]
- steven2012 13y agoI've seen a lot of bubbles since graduating college, surviving through the dot-com boom and bust, through the housing bubble and bust, the financial crisis, etc. In addition, I've read spent a lot of time reading about it, my favorite book being "Devil Take the Hindmost" by Edward Chancellor. It talks about all of the largest bubbles in the past few hundred years. Whenever people say "This time it's different", it never is. BTC is a bubble. But I don't admonish anyone for trying to make money off of it. I don't have the balls to, but that doesn't mean people shouldn't be allowed to speculate. The ones who will lose, however, are the ones that think this is for real, and have rationalized away their common sense into thinking this is a long-term investment and sustainable.
- dllthomas 13y agoBitcoin might well be here to stay in the way that tulip bulbs were here to stay - you can still buy and sell tulip bulbs, the price just isn't skyrocketing.