Bitcoin starting to look more and more like TULIP BULBS of 1600s - page 2.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Xiaoxiao on September 09, 2014, 03:41:07 PM

Quote from: fairglu on September 09, 2014, 03:23:43 PM

Quote from: exocytosis on September 09, 2014, 02:29:51 PM

No. But 99.99 % of humanity considers credit cards to be way more convenient than Bitcoin. And that's what matters.

99.99% of humanity would have told Henry Ford they wanted faster horses, not smelly, oily, gaz-guzzling noisy contraptions like "cars", and that's what mattered. Not.

lol at this analogy. does not work out in the least bit. lol at "oily, smelly gaz guzzling"

And another lol.
Ford didn't invent the car, that was (arguably) Karl Benz. About ten years before the Model T.
Ford's genius was in making his cars cheap, user-friendly, and affordable.
See some new parallels emerging?

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: btcxyzzz on September 09, 2014, 04:29:25 PM

what a fucking useless thread full of stupid people.

getting fuller and more useless by the minute, welcome

btcxyzzz

legendary

Activity: 888

Merit: 1000

Monero - secure, private and untraceable currency.

what a fucking useless thread full of stupid people.

fairglu

legendary

Activity: 1100

Merit: 1030

Quote

There are analogies... that ain't the right one.

That's a strong argumentation you made there.

R2D221

hero member

Activity: 658

Merit: 500

Quote from: Newbie1022 on September 09, 2014, 03:50:20 PM

If you think this is the correct analogy then you'll have to blame your teachers for failing in teaching you logic as this will be precisely the reason why you end up living out of a cardboard box.

There are analogies... that ain't the right one.

Would you be kind enough to enlighten us and teach us the analogy that will perfectly fit this situation, please?

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: R2D221 on September 09, 2014, 03:46:58 PM

Quote from: Xiaoxiao on September 09, 2014, 03:41:07 PM

Quote from: fairglu on September 09, 2014, 03:23:43 PM

Quote from: exocytosis on September 09, 2014, 02:29:51 PM

No. But 99.99 % of humanity considers credit cards to be way more convenient than Bitcoin. And that's what matters.

99.99% of humanity would have told Henry Ford they wanted faster horses, not smelly, oily, gaz-guzzling noisy contraptions like "cars", and that's what mattered. Not.

lol at this analogy. does not work out in the least bit. lol at "oily, smelly gaz guzzling"

Why? I think it's the right analogy. The oily part is exaggerated, but the point is that customers don't necessarily know what's the best technology.

If you think this is the correct analogy then you'll have to blame your teachers for failing in teaching you logic as this will be precisely the reason why you end up living out of a cardboard box.

There are analogies... that ain't the right one.

R2D221

hero member

Activity: 658

Merit: 500

Quote from: Xiaoxiao on September 09, 2014, 03:41:07 PM

Quote from: fairglu on September 09, 2014, 03:23:43 PM

Quote from: exocytosis on September 09, 2014, 02:29:51 PM

No. But 99.99 % of humanity considers credit cards to be way more convenient than Bitcoin. And that's what matters.

99.99% of humanity would have told Henry Ford they wanted faster horses, not smelly, oily, gaz-guzzling noisy contraptions like "cars", and that's what mattered. Not.

lol at this analogy. does not work out in the least bit. lol at "oily, smelly gaz guzzling"

Why? I think it's the right analogy. The oily part is exaggerated, but the point is that customers don't necessarily know what's the best technology.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: fairglu on September 09, 2014, 03:23:43 PM

Quote from: exocytosis on September 09, 2014, 02:29:51 PM

No. But 99.99 % of humanity considers credit cards to be way more convenient than Bitcoin. And that's what matters.

99.99% of humanity would have told Henry Ford they wanted faster horses, not smelly, oily, gaz-guzzling noisy contraptions like "cars", and that's what mattered. Not.

lol at this analogy. does not work out in the least bit. lol at "oily, smelly gaz guzzling"

fairglu

legendary

Activity: 1100

Merit: 1030

Quote from: exocytosis on September 09, 2014, 02:29:51 PM

No. But 99.99 % of humanity considers credit cards to be way more convenient than Bitcoin. And that's what matters.

99.99% of humanity would have told Henry Ford they wanted faster horses, not smelly, oily, gaz-guzzling noisy contraptions like "cars", and that's what mattered. Not.

Ibian

legendary

Activity: 2268

Merit: 1278

Troll, feed, etc.

exocytosis

sr. member

Activity: 476

Merit: 250

Quote from: JimboToronto on September 09, 2014, 02:09:26 PM

but I personally don't consider credit cards to be more convenient than Bitcoin

No. But 99.99 % of humanity considers credit cards to be way more convenient than Bitcoin. And that's what matters. Not what you and the other ten thousand people in the Bitcoin cult thinks.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: oda.krell on September 09, 2014, 12:27:23 PM

Not this argument again.

Tulip bulbs, in the scale in which they were traded at least, served absolutely no purpose. Never even aspired to anything other than an object of speculation.

Bitcoin is highly speculative in its current form and at its current price. That's where the similarities end, however.

Bitcoin aspires to serve a very well defined purpose: becoming a global decentralized currency. An improved version of cash, with the added benefit (in the eyes of some) that money supply is finite.

Tell me again please how tulips resemble that last part?

Exactly : Bitcoin is a technology that is safe and allow fast and secured payments plus it is a mean of decentralized store of wealth

JimboToronto

legendary

Activity: 4032

Merit: 4536

You're never too old to think young.

Quote from: Xiaoxiao on September 09, 2014, 01:53:30 PM

you get all defensive anytime someone brings up a valid criticism of bitcoin.

Valid criticism I can live with, but I personally don't consider credit cards to be more convenient than Bitcoin, other than the fact that a credit card is physically smaller and lighter than a phone or other mobile device. In fact in my experience Bitcoin can be even more convenient than cash.

Valid criticism includes things like volatility and difficulty to acquire in some places.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: JimboToronto on September 09, 2014, 01:50:48 PM

Quote from: Xiaoxiao on September 09, 2014, 01:17:58 PM

jimbo, you are like the bull version of falllling.

Wow. Did I hit a nerve?

It's the first time (I believe) I ever replied to one of your posts.

I consider myself neither bull nor bear. Call me a "cultist" if you want because I strongly believe in Bitcoin as disruptive technology.

I just like to laugh at bears because they take themselves so seriously.

Like Faiiiling? I don't often even start threads, let alone spam FUD.

**sigh**

no you don't start threads like fallling, but you get all defensive anytime someone brings up a valid criticism of bitcoin.

JimboToronto

legendary

Activity: 4032

Merit: 4536

You're never too old to think young.

Quote from: Xiaoxiao on September 09, 2014, 01:17:58 PM

jimbo, you are like the bull version of falllling.

Wow. Did I hit a nerve?

It's the first time (I believe) I ever replied to one of your posts.

I consider myself neither bull nor bear. Call me a "cultist" if you want because I strongly believe in Bitcoin as disruptive technology.

I just like to laugh at bears because they take themselves so seriously.

Like Faiiiling? I don't often even start threads, let alone spam FUD.

**sigh**

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: Xiaoxiao on September 09, 2014, 01:34:22 PM

Quote from: RodeoX on September 09, 2014, 01:32:50 PM

Quote from: Xiaoxiao on September 09, 2014, 01:21:57 PM

I warned you guys back in DECEMBER:
...

I have done quite well since December. Cool

Same. High Five!

I would never leave a bitcoin peer hanging.. High five!

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: RodeoX on September 09, 2014, 01:32:50 PM

Quote from: Xiaoxiao on September 09, 2014, 01:21:57 PM

I warned you guys back in DECEMBER:
...

I have done quite well since December. Cool

Same. High Five!

inca

legendary

Activity: 1176

Merit: 1000

Quote from: exocytosis on September 09, 2014, 12:38:58 PM

The difference is this:

Several hundred years after the tulip mania, tulip bulbs are still actually worth something. They have intrinsic value.

Bitcoin, on the other hand, will be practically worthless a few years from now. By 2020, BTC will trade for way less than one dollar per coin. By 2025, BTC will be valued at less than $0.05.

Seriously. You would actually have us believe that you have posted hundreds of times on a forum about a commodity which you think will have no value in the future..right.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: Xiaoxiao on September 09, 2014, 01:21:57 PM

I warned you guys back in DECEMBER:
...

I have done quite well since December. Cool

institutionaltrader

newbie

Activity: 26

Merit: 0

I agree there are a lot of similarities. It may crash hard like tulips one day due to the fact that BC is very difficult to secure for normal humans.

Topic: Bitcoin starting to look more and more like TULIP BULBS of 1600s - page 2. (Read 5380 times)