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Topic: Tulip comparisons looking true now (Read 408 times)

legendary
Activity: 1526
Merit: 1179
December 19, 2018, 08:45:29 AM
#34
I believe he also has a point, many people really got burned. But when all is said and done, it is still a market with winners and losers.
People get burned because of their greed. They did it to themselves. We're dealing with a wide variety of markets in the crypto space, one more liquid than the other, but it's still crypto in the end.

Even Bitcoin has proven to keep falling below levels people considered to be extremely low already. $6000 was the bottom they said, well, we have seen that people's confidence in the market hasn't been rewarded.

The real winners are those who remained realistic and didn't get blinded by how much potential a certain coin has. That potential is worth zero when everyone is panicking and selling as result...
legendary
Activity: 3542
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
December 19, 2018, 07:09:56 AM
#33
Can you deny it?  Everyone who has brought in the last year has lost money. 
But, everyone who have bought before last year must be into profits. There will be no proper evidences to compare bitcoin with tulip ponzi. Bitcoin is having all the concepts and potential to attract more investors and bitcoin was designed to have very big price levels just due to attract more people to adopt it.

In this modern era, no one will simply adopting new technology that too a replacement for their financial thing. That is the reason Mr.Satoshi must have designed bitcoin to have such an unbelievable price levels so that more people will come forward to adopt it. Here you must think about tulip, like it was introduced to have such a big price levels and it was following a well-defined production/supply regulations ?

There were many similar comparisons in late 2014 after bitcoin prices were falling down for months after setting up then ATH around $1200. But bitcoin prices again went to that level and also gone up some 20 times also. Similarly we can expect, bitcoin again to have big price levels above current ATH. Then no one think about comparing bitcoin with to tulip ponzi.
full member
Activity: 546
Merit: 100
December 19, 2018, 05:19:11 AM
#32
Can you deny it?  Everyone who has brought in the last year has lost money. 

To say this, the market must become completely worthless. We're still far from this. Cryptocurrencies continue to grow, even if the value has fallen.
legendary
Activity: 2898
Merit: 1823
December 19, 2018, 04:18:20 AM
#31
Can you deny it?  Everyone who has brought in the last year has lost money. 

That's what they said during the 2014/15 bitcoin bear market too. The price went all the way down to $40!

I do think the high fees last december hurt bitcoin (esepcially as the exchanges were not batching their transactions), but they've learnt their lesson and they're more resilient now and ready for the next move up (which will come in the run up to the next halvening).

I believe he also has a point, many people really got burned. But when all is said and done, it is still a market with winners and losers.



legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
December 18, 2018, 06:05:03 AM
#30
Can you deny it?  Everyone who has brought in the last year has lost money. 

That's what they said during the 2014/15 bitcoin bear market too. The price went all the way down to $40!

I do think the high fees last december hurt bitcoin (esepcially as the exchanges were not batching their transactions), but they've learnt their lesson and they're more resilient now and ready for the next move up (which will come in the run up to the next halvening).
legendary
Activity: 2898
Merit: 1823
December 18, 2018, 05:08:44 AM
#29
Quote
Re: Tulip comparisons looking true now

Do tulips give you real sovereign ownership of property? Are tulips provably scarce? Are tulips censorship-resitant? Can you make a frictionless transaction across the world using a tulip?

And how many of those things have you done this year?


Making transactions? A lot. I need to pay for the costs that my node incurs every month.

How many frictionless transactions can you do with your sacks and sacks of tulip bulbs? Cool
jr. member
Activity: 79
Merit: 1
December 17, 2018, 07:28:54 AM
#28
Quote
Re: Tulip comparisons looking true now

Do tulips give you real sovereign ownership of property? Are tulips provably scarce? Are tulips censorship-resitant? Can you make a frictionless transaction across the world using a tulip?

And how many of those things have you done this year?
legendary
Activity: 2898
Merit: 1823
December 17, 2018, 07:20:44 AM
#27
Quote
Re: Tulip comparisons looking true now

Do tulips give you real sovereign ownership of property? Are tulips provably scarce? Are tulips censorship-resitant? Can you make a frictionless transaction across the world using a tulip?

There are no comparisons.
copper member
Activity: 228
Merit: 23
December 17, 2018, 06:42:54 AM
#26
Can you deny it?  Everyone who has brought in the last year has lost money. 

i agree and it is very sad that we have watched losses all year but bitcoin will go back up again. personally I blame it on ethereum and all the shitcoins diluting the crypto markets. all those coins are like cancer, they dont do anything unique or different than bitcoin. they just set the crypto world back years. all they did was take away money that would have gone into bitcoin. those coins will die and bitcoin will rise.
jr. member
Activity: 79
Merit: 1
December 17, 2018, 06:10:51 AM
#25
Can you deny it?  Everyone who has brought in the last year has lost money.  

Seriously, people don't understand 'tulip mania'

Mostly like SHIT-COIN's today,

There were very valuable 'bulbs' that rich people traded, who loved the flowers, and these bulbs were invaluable, not unlike 'real gold'.

But what happened was that 'morons' were taught that ordinairy onions were also the same as these 'bulbs', and thus onions were traded at the markets as 'tulip bulbs',

So I guess you could compare bitcoin and the shitcoin ( clones ) where BTC is the real 'tulip bulb', and the shitcoins are the onions that morons were trading

Eventually the mania ( for the public ) ended, but the rich kept on collecting exotic tulips,

The fact is that most of the 'public' never even saw a real tulip, they were just SOLD garbage, not unlike ICO's and shitcoin of today, the gardens of the rich, were never seen by the morons, they were private gardens of the most rich people in Europe.

Not unlike of when our morons here talk of 'whales'

Lastly, BITCOIN is also a shitcoin, she is the mother of +2100 shitcoins, only a mother can love her shitty offspring.

What he said.
jr. member
Activity: 79
Merit: 1
December 17, 2018, 06:09:38 AM
#24
Can you deny it?  Everyone who has brought in the last year has lost money. 

well i said that a loooong time ago in this forum

that only proves that you are trolling because if you really thought bitcoin is a tulip shit then you wouldn't have been here that long. so you either are too dumb to leave or you don't believe in what you advertise Grin
Personally, I am just here as I find the whole crypto world interesting.  I brought some BTC @$600 years ago and just sold at $3k.  I could have brought more at the time and i could have sold earlier but i'm not a gambler.  I just think it is fun watching it go up and down. 

However, for BTC to be useful it has to stop fluctuating wildly and keep a static price.  then you might conceivably be able to buy and spend it without fear of losing money.  All of you who want BTC to go "to the moon" (as they used to say) are doing more harm than good.  You are the people who really don't get it.
member
Activity: 182
Merit: 30
December 16, 2018, 08:43:08 AM
#23
Can you deny it?  Everyone who has brought in the last year has lost money.  

Seriously, people don't understand 'tulip mania'

Mostly like SHIT-COIN's today,

There were very valuable 'bulbs' that rich people traded, who loved the flowers, and these bulbs were invaluable, not unlike 'real gold'.

But what happened was that 'morons' were taught that ordinairy onions were also the same as these 'bulbs', and thus onions were traded at the markets as 'tulip bulbs',

So I guess you could compare bitcoin and the shitcoin ( clones ) where BTC is the real 'tulip bulb', and the shitcoins are the onions that morons were trading

Eventually the mania ( for the public ) ended, but the rich kept on collecting exotic tulips,

The fact is that most of the 'public' never even saw a real tulip, they were just SOLD garbage, not unlike ICO's and shitcoin of today, the gardens of the rich, were never seen by the morons, they were private gardens of the most rich people in Europe.

Not unlike of when our morons here talk of 'whales'

Lastly, BITCOIN is also a shitcoin, she is the mother of +2100 shitcoins, only a mother can love her shitty offspring.
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
December 16, 2018, 07:44:02 AM
#22
Can you deny it?  Everyone who has brought in the last year has lost money. 

Let us not judge Bitcoin because it does not perform well this year but let us judge how cryptocurrency and Bitcoin has performed for the last ten years before we make a comparison, the comparison is so far out that those unbelievers keep making the comparison, it's just a volatile market and that's it any investment industry has their own bear trend.
hero member
Activity: 1470
Merit: 655
December 16, 2018, 06:53:21 AM
#21
Can you deny it?  Everyone who has brought in the last year has lost money. 

well i said that a loooong time ago in this forum

that only proves that you are trolling because if you really thought bitcoin is a tulip shit then you wouldn't have been here that long. so you either are too dumb to leave or you don't believe in what you advertise Grin
AGD
legendary
Activity: 2069
Merit: 1164
Keeper of the Private Key
December 16, 2018, 06:27:51 AM
#20
This one sold for 200.000$ in 2005

newbie
Activity: 29
Merit: 0
December 16, 2018, 05:59:28 AM
#19
YES! The next step is a smooth rise in value. Then everything will be repeated again and again. I knew that bitcoin should have fallen when it was at its peak - and that’s what happened. Now I think that soon he should get up the other way. let's see what will happen next!
legendary
Activity: 3542
Merit: 1352
Cashback 15%
December 14, 2018, 03:01:58 PM
#18
Ahhh yes, the nostalgia of people shouting 'bitcoin is the same as the tulip mania' comes to me from 2014 with their regards. No one can deny it, but no one can prove it either. Different markets and things that saw a massive increase in price may have similarities on how they rose and fell, but bitcoin has been doing its thing for years now, with a seemingly ad infinitum on-off of price cycles. If this was similar to the tulip bubble, bitcoin should have been dead since 2011, but no, big names and businesses are still into bitcoin after all the ups and downs. Smiley
jr. member
Activity: 532
Merit: 5
December 14, 2018, 03:00:00 PM
#17
In my opinion it is not a tulip buble or something, this is the nature of cryptocurrency market, because this mrket still unpredictable and unstable, if the regulations comes true, still time to get profit money.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
December 14, 2018, 02:59:27 PM
#16
Can you deny it?  Everyone who has brought in the last year has lost money. 

When the price is trading below $100 and we're headed to zero, I might be inclined to agree. It's way too early to make that assumption.

You're comparing tulips, a mere plant, to bitcoin, a new asset class using a new kind of technology that could potentially disrupt banks, international settlements, and or fiat money in general(depending on your views/opinions). Think about it clearly, on what you're comparing here.

If Bitcoin goes to zero, he's right. The tulip analogy regards market speculation, not underlying utility. The technology itself has no relevance to this question -- it's completely up to the market. There's no guarantee that Bitcoin will become adopted by the masses, nor that usage and demand won't drop to nil. If the latter happens, it will have been a bubble asset alongside tulips.
sr. member
Activity: 1470
Merit: 325
December 14, 2018, 02:55:50 PM
#15
Can you deny it?  Everyone who has brought in the last year has lost money. 

well i said that a loooong time ago in this forum
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