Topic: Can we compare Bitcoin with tulips? - page 3. (Read 685 times)
Because there're some similarities between Bitcoin and tulips. The price of both is unstable and they have a universal value in use
I agree with you all 100 percent. It is impossible to compare bitcoin with tulpanomania. I get the impression that people just want to find any reason why bitcoin is bad.
Tulip mania was not provided with anything, it was provided only with excitement around it, no more. with cryptocurrency it has nothing to do
I came across this comment while watching the video Biggest bubble in history: What you need to know about bitcoin. The guy just nailed it.
Quote
Sorcerer Prince
Isn't Fiat paper money the biggest bubble in history? Considering it's not backed by gold or any property and it can be printed ...I would say Bitcoin is Fiat currency 2.0 the only difference is that Bitcoin can't ever become a bigger bubble than paper money due to its limited supply of coins Source
Isn't Fiat paper money the biggest bubble in history? Considering it's not backed by gold or any property and it can be printed ...I would say Bitcoin is Fiat currency 2.0 the only difference is that Bitcoin can't ever become a bigger bubble than paper money due to its limited supply of coins Source
How that is possible. It is too hard to compare. Tulip is flower and it blooms at morning and soon at the end of the day it blast off. Bitcoin is not like that. It is to last long and it does not bloom at morning and blast off soon.
How we compare bitcoin with tulip. Because bitcoin is the no1 position in the market. Tulip is way behind from bitcoin and this coin is also very risky for invest. On the other hand bitcoin is the best option for invest.
Lol. Dude seriously? Do you even know what the original post is talking about? Actually do you even know what you are saying? What tulip coin are you talking about? You sounded more hilarious when you said "this coin is very risky for invest". Dude, op is actually talking about tulip mania which took place back in 1636. Due do some craze the prices of tulip when extremely high and then it crashed very badly at the ending of 1637. But to be honest, the real tulip mania actually looked nothing like the last years bitcoin price. Just do a deep research and you will know what i meant. Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:
First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.
Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.
Can not compare crypto with tulips.
First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.
Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.
Can not compare crypto with tulips.
We cannot really control what people will say about bitcoin. Good or bad, we can never tell as we are all entitled for our own opinion.
Yes, Bitcoin itself has two core uses: as a transaction currency used to purchase or accept payment and store value.
Looking back on tulip bubbles, tulips are used similarly to a currency and are a valuable hoarding asset but their value is extremely fast and evaporates as fast.
Looking back on tulip bubbles, tulips are used similarly to a currency and are a valuable hoarding asset but their value is extremely fast and evaporates as fast.
Bitcoin is much more than just a transactional currency and a store of value. Bitcoin is a network. The more participants in the network the higher the price. This is known as the network effect. Bitcoin and tulips cannot be compared at all. Might as well be comparing Tulips and the internet. There is no value on the internet until Bitcoin came to fruition. For the first time value can literally be stored on the internet. This is a huge deal, tulips are just tulips and that's it.
Tulipmania is a typical example of a price bubble, and critics have been constantly referring to the Bitcoin bubble for many years. With Bitcoin's long and vicious downturn since its peak in December 2017, many have argued that Bitcoin is the next generation of Tulip bubbles.
Yes, Bitcoin itself has two core uses: as a transaction currency used to purchase or accept payment and store value.
Looking back on tulip bubbles, tulips are used similarly to a currency and are a valuable hoarding asset but their value is extremely fast and evaporates as fast.
Looking back on tulip bubbles, tulips are used similarly to a currency and are a valuable hoarding asset but their value is extremely fast and evaporates as fast.
in a certain sense yes...
the tulips bubble was much bigger than Bitcoin bubble.
because yes guys! going from 20k to 6k is just few months means we were in a bubble.
but bitcoin is a technological advance, tulips were tulips and remain tulips...
Bitcoin will recover to its previous ATH. Tulips will never recover their ATH.
so don't worry too much about it. It always happens with new technological things like internet and bitcoin.
so, it's better compare BTC to dot.com bubble instead of tulips bubble.
I would also agree With your point of view that Bitcoin is a coin that is based on speculation in a high degree of risk that can all resemble a soap bubble. The system of the market currency based on an artificial increase in the price of bitcoin. Many exchanges use bots that are known to exhibit the necessary orders for sale and purchase, thus increases the currency's rise or fall. the tulips bubble was much bigger than Bitcoin bubble.
because yes guys! going from 20k to 6k is just few months means we were in a bubble.
but bitcoin is a technological advance, tulips were tulips and remain tulips...
Bitcoin will recover to its previous ATH. Tulips will never recover their ATH.
so don't worry too much about it. It always happens with new technological things like internet and bitcoin.
so, it's better compare BTC to dot.com bubble instead of tulips bubble.
For me we can't compare bitcoin with tulips. There are far different in both parties. And actually bitcoin is really have big different from tulips whether we like it or not. Although good to invest but still not compatible to compare.
I think that there is no sense in such comparisons because btc is the best one ever being the most reliable coin compared to others. It has a good reputation due to the smart technology it is based on. I think tulip is risky
Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:
First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.
Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.
Can not compare crypto with tulips.
I think sa similarity of bitcoin to tulips at the old times is because their both investments. But the nature of each of this investment is very dissimilar and wheb we compare we should compare apple to apple if not then i think there is no need to compare at all. First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.
Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.
Can not compare crypto with tulips.
What's want compared between bitcoin with tulips like? If talk about investation and bubble of Bitcoin, it's the same as tulips. Speculation of investment products is no longer supported intrinsic value. Brokers and fund managers remind customers and the public about the intrinsic value of Bitcoin. If we buy gold, the price of gold will be supported by the intrinsic value obtained from the production cost of mining gold ore, until it is processed into pure gold metal.
Likewise with silver and other commodities. Conversely Bitcoin is just a "ledger" in computer algorithm block chains. So difficult to accept the mind of someone, who dared to buy 1 piece of Bitcoin for 11,925 USD.
Likewise with silver and other commodities. Conversely Bitcoin is just a "ledger" in computer algorithm block chains. So difficult to accept the mind of someone, who dared to buy 1 piece of Bitcoin for 11,925 USD.
for me bitcoin can not be compare with other coins, they can only increase in value base on the project which they are embarking on. since i was introduced to the crypto world i have not seen any project which coin has been compare with that of the Bitcoin, even Eth itself can not have such dream, except it is in years to come.
My answer is definitely "no, we can't". Bitcoin operates by Blockchain - the future technology, meaning that it's constantly developed and of high utilities. It has potential ability to change the world. Thus, it is likely to go up again. At the same time, tulip never changed itself and actually, it has neither high utilities nor missions to change the world. Therefore, once its price plummted, the chance the price regained was zero.
Yes you are right. Bitcoin is way different from tulip. Comparing it with tulip is a age old concept and during that time maybe it was applicable. But for now such comparison is really invalid.
The whole Tulip bulb thing was a Urban legend and something that was conjured up and hyped up by the media. It was never
as big as was published in the media. Yes, it did collapse and people lost money on a commodity that was clearly over valued,
but how did that commodity change the world? How disruptive was that to other industries? Bitcoin has many uses and it can
function as a cheaper alternative to the current financial instruments, which makes it ground-breaking and also disruptive.
This is what puts it in a whole other league than other commodities.
as big as was published in the media. Yes, it did collapse and people lost money on a commodity that was clearly over valued,
but how did that commodity change the world? How disruptive was that to other industries? Bitcoin has many uses and it can
function as a cheaper alternative to the current financial instruments, which makes it ground-breaking and also disruptive.
This is what puts it in a whole other league than other commodities.
Tulip and Bitcoin bubble are two different cases although they have the inflated price in common. Tulip doesn't bring as much advantages as Bitcoin does. Bitcoin has by far more applications and is much more sophisticated. Thus, bitcoin are of high potential compared to the other. Accordingly, Bitcoin is more likely to recover while Tulip will never.
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