Topic: Ill give you 1 tulip bulb for 6 bitcoins - page 2. (Read 6751 times)

but what is the total valuation of google, facebook, twitter, ebay today? You want some pet food or pet toys online? Get it on Amazon.

You sir are a dipshit:

Pets.com
Kozmo.com
Webvan
Flooz.com
eToys.com
Boo.com
GovWorks.com
MVP.com
Go.com
Kibu.com
Freeinternet.com 
GeoCities
WorldCom
Xcelera.com
inktomi

Total ~50.4Billion combind at their individual height.


You sir are stupid, go back to school read up on the subject you are attempting to speak out, then come back.

that

I'd love 'em. I could buy in again.

Can you divide a tulip up to 8 decimal places?  How long does a tulip bulb stay good (is it immutable?)  Are tulip bulbs finite?  Can you send tulips around the world in seconds for only a few cents?

It's not even like comparing apples to oranges...  It's like comparing apples to bacon 

as you have a Cloud Atlas avatar, I can safely say that your opinion is not worth listening to

I believe that number last time wasn't zero, but 2! A drop of around 95%. If history was to repeat itself, that would mean Bitcoin going down to ~$10 at current prices. Or if ti Bitcoins go to 500%, a 95% hit would take it to $25. How would you like those prices?

Ultimately, nobody really knows (or very very few people know) what the main or crucial driving forces in the Bitcoin market are and everyone is allowing thier emotions to bias their thinking. Whether a person is already up 1000%, and is growing increasingly risk averse, or whether they dived in at $150, and are anxious to get a slice of the exponential profits that the early adopters have gotten.

No, thier is no gravitational force attracting Bitcoin to zero. What there might be is a lack of people willing to buy Bitcoins at any given price. Say this price is $500, and even the most risk taking/avaricious investors into Bitcoins, are getting itchy hands and are thinking that they really have maximised thier profits, and start selling. Then the price goes down, but with the already insanely exponential increases in Bitcoin, no serious money is willing to enter the market even at the marginally reduced price point resulting from the early sell offs, which leaves the Silk Road punters which presently represent about 0.01% of the Bitcoin market in terms of volume in USD as the core group of steady Bitcoin buyers. At this point supply far outstrips demand, and we have a glut of speculators who have either made 2000% profits and are looking to maximise their gains sensing that the game is up. We then have a landslide in the price of Bitcoin. With no clumsy analogies applied, this is typical of any commodity market that experiences mass exponential price inflation whilst the fundamentals that underpin that commodities value remain essentialy unchanged (i.e. experience only steady growth as opposed to exponential growth).

Of course, all the above only applies if the Bitcoin bubble were to be of the honest variety without any manipulative hands involved. Considering the weighty and indeed revolutionary implications that Bitcoin could have for the current global political and financial establishment, I think it is highly unlikely that the current monetary lords would be happy to leave Bitcoins to naturally grow. They can flatter the Bitcoin market to giddying height, before pumping it up the ass, and make decent gains in USD doing so, ensuring that Bitcoin can never be seen by the mainstream as a true alternative currency.

Except there is no gavitational attraction between the price of BTC and the number zero. I hate clumbsy analogies so much because lead you to think you undestand something, when really you dont

At first I thought tulip bulbs were code for some strange currency.

Nope.  Literally the bulbs of tulips.

Seriously u guise.

Enough with this comparison. I think I'll go plant some bitcoins and increase availability some (not)!!! 

blah blah blah...

If the bulls are right, the bears will have to eat their words. If the bears are right, the bulls will eat their words, will most probably choke on thier tongues, and find themselves running out of skyscraper windows.

Obviously the only comparison between a 17th century dutch tulip bulb and a modern day Bitcoin, is that the prices of both were dramatically inflated by people investing in them purely seeking profit, having no intention of actually using the item for its practical intended purpose.

It is said that that one tulip bulb at the height of the mania could buy a house next to the royal palace. Whilst Bitcoin has seen astounding gains in the past few months, it is certainly a long way from that.

As has been pointed out, Bitcoin poses a threat to the status quo of the entire preexisting financial establishment. This fact alone, suggests to me that if one thing is guaranteed with Bitcoin, it is that it is not going to be left to have a smooth ride, and indeed, perhaps this is what we are seeing now. The price being artifically driven exorbitantly higher, in order that the price of Bitcoin one day can have such a an almighty crash, that it leaves a very sour taste in most peoples mouths and in the mean time, its valuation behaves with such volatility, that no serious business can afford to risk touching it with a 10 foot long shitty bargepole.

Jumping on Bitcoin, or already being on Bitcoin, is like being on a thrilling roller coaster ride that keeps spiralling higher and higher into the heavens, but that one day, is guaranteed to go flying off over a cliff edge. Those people who cannot recognise this (i.e. the majority on here), are those who are most likely to get seriously burned.

Can you mine a coin by picking it up off the ground without any other hardware, knowledge, investment and skills?

Bitcoins are carefully crafted piece of tech - tulip bulbs are also a carefully crafted piece of tech by nature - but their use value is far lower than that of Bitcoin, clearly. A tulip bulb has been around for tens of thousands of years and will probably remain the same for another few millenia at least, Bitcoin is an emerging, carefully crafted technology which may have effects as profound as the internet itself. No comparison.

https://en.wikipedia.org/wiki/Tulip_mania

So .gov said you only had to guarantee 10% of the bid, then sellers raised asks 10x. The entire thing is more like a myth.

You are comparing natural resources with a currency. And during the tulips mania the tulips obviously weren't bought for their physical properties, which explains the crash, because people realized that the tulips as products weren't worth the ridiculous price.

The market cap for tulips is currently higher than the market cap for bitcoins. Add daffodils, and roses and we are entering stratospheric prices.
And that's discounting the lily and the orchid as a minor players in this market.

Tulips are an amazing piece of natural bioengineering, and anyone can go mine a coin. I think this comparison is comparable.

Bitcoin might be in a bubble, and that bubble might burst.

TC is having trouble keeping dollars in stock over at FC4B, so maybe the bitcoin bubble is collapsing right now, but the dollar and euro bubbles are collapsing faster.

Bitcoin is an amazing piece of technology - anyone can go dig up a tulip bulb this comparison is ridiculous

Eh, you obviously are an economist. And we all know that educated, experienced economists don't understand this new currency bitcoins. Because bitcoin is open source, p2p, fancy-smancy and mining - only we geeks can understand the value of it. (Just joking.   )

Man, this comparison is really over used. This must the 50th time someone has tried to compare bitcoins with tulips in the last 2 months.