The Tulip Mania 2.0 - page 2. | Bitcointalksearch.org

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legendary

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Quote from: pkersey on June 13, 2022, 08:08:39 PM

When the tulip bubble popped it went to $0 pretty quick. Experts had been warning this crypto stuff was all hype / BS. I don't see $0 but I see $1000 or so in a few more months. Start investing again when that happens.

This doubly confirms to me that it is a good time to buy. I have seen people saying that the S&P 500 is going to go below 2,000, people saying that Bitcoin is going to go much lower than $20K, like in this case, that a crisis like we have never seen before is coming, much worse than the crash of '29.

When you have been in this for a while you know that times like this are the best times to buy, just like last year when we hit $70K and the predictions were for a low of $100K, in some cases even approaching $0.5M for this cycle, it was a good time to sell.

Kakmakr

legendary

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Imagine this.....

The Trolls/Shills are now speculators too... Grin

In the past they used this "Tulip" song when there were a drop in the price, but I think "greed" have infiltrated their ranks now. Grin

So, please listen to their advice, because that is what we we saying all the time... if you want to use Bitcoin as a commodity... get in low and wait, because the market will recover and you will make a decent profit when it bounce back.

Who would have thought "Trolls" and "Shills" will give good advice. Roll Eyes

NotATether

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Quote from: pkersey on June 13, 2022, 08:08:39 PM

Experts had been warning this crypto stuff was all hype / BS.

Which crypto stuff?

There are two kinds of crypto which experts lump into one category and don't bother differentiating between:

- Useful (ancient cryptos such as BTC, LTC & ETH)
- and Useless (literally every token and coin made after the crypto rush including Solana)

Experts should've been saying "The useless cryptos are hype/BS" instead of dumping them together with the lot of widely used and established cryptos on the sole pretense that "they are all traded together!".

dimonstration

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Dimon69

Quote from: pkersey on June 13, 2022, 08:08:39 PM

When the tulip bubble popped it went to $0 pretty quick. Experts had been warning this crypto stuff was all hype / BS. I don't see $0 but I see $1000 or so in a few more months. Start investing again when that happens.

Targetting 1000$ or so for price of Bitcoin while there's a lot of institutional investors holding more than billions of dollars in Bitcoin is insane. Who the fck will dump that hard even for months while you can gain easily if you long the dip of Bitcoin.

15K to 10K is possible but for 1K is insane price prediction(no offense). Even pandemic can't bring down Bitcoin at the level even though the price when pandemic hits was only 10K or so.

Despairo

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The tulip mania history is different with Bitcoin, tulip have an infinite supply since you can grow it and collect the seeds, while Bitcoin do have limited supply. Both of them are valuable because of the high demand and speculative asset, but the high demand of tulip only on Dutch, while Bitcoin are worldwide. The use cases also completely different, tulip is never considered as a future, while Bitcoin is considered as a future of both currency and decentralization.

The most comparable with Bitcoin is gold, but Bitcoin way more better than gold and I don't see anytime Bitcoin will go down as $1K.

mk4

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I'm fine with people being short-mid term bearish from time to time — but come on now, $1000? lmao. If ETH then probably but if you're talking about BTC you gotta stop smoking whatever you're smoking.

LegendaryK

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Quote from: pkersey on June 13, 2022, 08:08:39 PM

When the tulip bubble popped it went to $0 pretty quick. Experts had been warning this crypto stuff was all hype / BS. I don't see $0 but I see $1000 or so in a few more months. Start investing again when that happens.

Bitcoin Mining network will crash long before the price could drop to $1000.
Miners have a breakeven price , it was $34K, so now at ~$22K, they lose ~$12K every bitcoin mined.
BTC miners are not going to last long , unless Venture Capitalist float them.
And Rumors are VC money is drying up because of the baby boomer retiring from investing in speculation. Tongue

Hispo

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Quote from: pkersey on June 13, 2022, 08:08:39 PM

When the tulip bubble popped it went to $0 pretty quick. Experts had been warning this crypto stuff was all hype / BS. I don't see $0 but I see $1000 or so in a few more months. Start investing again when that happens.

Do you mean Bitcoin at 1000$ for you to buy in?
I am neither a financial advisor nor a trader, but I believe that target price is a little bit exaggerated in my opinion, but again I am not an expert.

Perhaps you are feeling specially bearish about this down cycle. If you are seeking to discuss price speculation, I'd suggest you to move this thread to a more suitable section where you will likely find traders on: Speculation, Trading Discussion, etc.

Haven't you considered to DCA during the bear market instead waiting such a low price as 1K$ instead? Why are you betting on such price, might I ask?

pkersey

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When the tulip bubble popped it went to $0 pretty quick. Experts had been warning this crypto stuff was all hype / BS. I don't see $0 but I see $1000 or so in a few more months. Start investing again when that happens.

Topic: The Tulip Mania 2.0 - page 2. (Read 295 times)