Can we compare Bitcoin with tulips? - page 4.

Boldcom

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Quote from: QuynhVu2302 on June 25, 2018, 10:38:47 PM

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.

This is a fun read. Even though this is a bit old, still is very interesting.

https://www.cnbc.com/2017/12/07/bitcoin-has-gone-beyond-the-absurdity-of-tulip-bulb-mania-dennis-gartman.html

Robert Brownn

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It is not possible to compare the tulip bubble with the Bitcoin bubble, because the fact that Bitcoin has been able to recover from many price rises of many markets, despite the anticipation of Bitcoin's non-supporters that the price will be go back. Moreover, what critics do not acknowledge is that electronic money has a myriad of uses, and more and more. On tulips, it can only be used in some cases and is clearly defined, and the use of tulips is not a cause for its rapid increase. In contrast to Tulips, adoption of Bitcoin is a global phenomenon driven by true revolutionary technology.

budismile

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Quote from: timerland on June 28, 2018, 03:34:55 PM

It's just two incomparable things. Tulips are just things that look nice and didn't have any sort of utility within the economy, while bitcoin is an actual currency that can be used and bring benefit to many people.

I understand that people are trying to look at bitcoin in the same light as tulips due to its 2017 bull market and whatnot, but it's just completely different.

Bitcoin can be much better compared to gold. Gold has its bull and bear markets, so does bitcoin. Both of them are useful forms of currency, bitcoin more so than gold. That's where their fundamental value comes from. Tulips do not perform the role of anything. Besides, the supply can be easily manipulated, while there is a limited supply with BTC.

That's Tulips, it's worth it Tulips died because it is useless and can be dangerous for investors. different with Bitcoin many investors who invest money to Bitcoin, its users were not made anxious and always given ease in using it. More useful Bitcoin than Tulips

sakahayang

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Quote from: QuynhVu2302 on June 25, 2018, 10:38:47 PM

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.

You should already know the difference between Bitcoin with Tulips, so you will not compare Bitcoin with Tulips.
Of course Tulips has many flaws compared to Bitcoin. Tulips is a failed product, which we can not use, so Tulips is now dead and not used by others anymore.

Baofeng

legendary

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Quote from: QuynhVu2302 on June 25, 2018, 10:38:47 PM

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 the comparison arises when tulip prices started to rise similar to what we have seen in bitcoin. However, the problem is that all people can just grow tulip in their backyard causing the dramatic fall. For bitcoin though, yes the price fall from $19K to $6K, but it doesn't mean that we can't bounce back, because the supply is limited, unlike tulip wherein anyone can have it by just growing in their own back yard very easily.

dragon491994

newbie

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They compared the tulips with the most comparing market sentiment, the new and those with weak knowledge often followed the crowd and had psychological panic when the market went down.

dothebeats

legendary

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The massive hysteria that was present in the tulip mania could be compared to what has happened with bitcoin in its previous run to ATH, and people fail to realize that bitcoin and tulips are entirely different things. On the case of both, they just look at how the boom formed and blew off, but for bitcoin, it has been too many blow offs yet the market is still alive, pointing that bitcoin isn't really that easy to delete no matter how many pumps and dumps appear in its market. It can be utilized greatly, unlike tulips which literally were used as ornaments and fake medicines during its hype.

Cabecabean12

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in my opinion, bitcoin should not be compared to tulips, obviously different, because bitcoin is one of the cleanest options to invest, and bitcoin is positioned at number 1 in the market.
thanks

Pursuer

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Where is my ring of blades...

whenever people fail to understand something they try to compare it with other things they know of so that they can explain the unexplainable! and in bitcoin world things like this that have a negative aspect to them tend to be spread fast and easy on the internet because people love FUD.
the fact is there is not a single thing that bitcoin shares with Tulips and that bubble but when you hear bubble (even if you google it) you find bitcoin bubble and Tulips!

if you look past the nonsense and look what is happening in the market you can understand why comparisons like this exist.

annasadia

newbie

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The records are tulips are not as vast as the records or the documentations of bitcoins. Tulips are quite common and is not an everlasting thing as opposed to bitcoins. And most importantly, they cannot be used for exchanges like bitcoins. So it is a big no that tulips and bitcoins are not the same.

timerland

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It's just two incomparable things. Tulips are just things that look nice and didn't have any sort of utility within the economy, while bitcoin is an actual currency that can be used and bring benefit to many people.

I understand that people are trying to look at bitcoin in the same light as tulips due to its 2017 bull market and whatnot, but it's just completely different.

Bitcoin can be much better compared to gold. Gold has its bull and bear markets, so does bitcoin. Both of them are useful forms of currency, bitcoin more so than gold. That's where their fundamental value comes from. Tulips do not perform the role of anything. Besides, the supply can be easily manipulated, while there is a limited supply with BTC.

availcrypto

newbie

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I think we cannot compare crypto with tulips. Crypto do long last, it is used for transactions, it is well programmed and it is the future money.

jeffer8035

member

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the truth is that there are people who believe that yet and that was an eighteenth century swindler is not comparable to the critics never and in the eighteenth century it happened that because there was no audit and printed and printed shares and sold those flowers as a active which was not only was a live that deceived many people at least in crypto you enter and can leave instantly if you want is not required that you have for a long time is changeable instantly

lilianalessie

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In market there are lots of facilities are here to help also tulips is not like btc also this factions is fully different also btc system is different prospective than others also btc is holding 1st position in the market and soon the price will increase.

Niya

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Enhalo Mining

Quote from: QuynhVu2302 on June 25, 2018, 10:38:47 PM

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.

You made a good analysis. That's a very weird comparison.

East2011

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"Reserve Your Ledger at GYMLEDGER.COM"

I think we should not compare bitcoin into tulip. Because they are different. I know many people think that bitcoin is also a bubble. But if bitcoin is a bubble. I think bitcoin i dead by the day.

bontkoli01

newbie

Activity: 238

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Tulip phenomenon was a phenomenon during the Dutch age when the price of tulip suddenly increased so much and then it collapsed so suddenly. But there is no comparison of tulip with cryptocurrency. Cryptocurrency is a decentralized virtual coin with blockchain system which often undergoes fluctuations of price.

jayveerastrullo

jr. member

Activity: 266

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It think what happened witg the tulip stuff in the history is somwhat similar to what is happening with bitcoin nowadays. But i think it is normal to hold or hide your bitcoin because that is how it works, you let others do the market stuff you wait. Just my opinion.

dohh

jr. member

Activity: 332

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Quote from: QuynhVu2302 on June 25, 2018, 10:38:47 PM

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.

BTC wont also last long. So yes, there are similarities.

CharlyM04

newbie

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I think, comparing crypto with previous experiences (gold, tulips, stocks market) is not a good thing. Previous experiences can not decide for the future, history is not a circle. It is maybe good to detect pattern on crypto (Like waves) but comparing to stritly others things is not relevant, everything is different and each bubble has his own rules...

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