As anyone who is in the industry will tell you, when it comes to online trading it is always a battle between two groups of people, the bulls and the bears. Bitcoin is no different, but both groups are so vocal in their opinions on whether it’s a bubble waiting to bust or an asset waiting to explode even higher.
Many of the naysayers compare the 2017 Bitcoin rise to the 1634-1637 Tulip mania, whereas the true believers keep saying “forget the blasted tulips already!”With that in mind, I thought it would be interesting to look at some of the past asset bubbles and see if there is a comparison.
Many of the naysayers compare the 2017 Bitcoin rise to the 1634-1637 Tulip mania, whereas the true believers keep saying “forget the blasted tulips already!”With that in mind, I thought it would be interesting to look at some of the past asset bubbles and see if there is a comparison.
Read this and decide if there were really a Tulip Bubble : ---> https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/
The people saying this about Bitcoin has no clue about the driving factors behind the price. Yes, there are speculators... Yes
there are Bitcoin whales manipulating the price, but this is not the only driving factor pushing up the price. There are a real
demand. {In Japan, people use it as a currency / a lot of people use it for remittance / It is traded as a commodity } All this
is happening on a global scale.
