Tulip comparisons looking true now | Bitcointalksearch.org

BitHodler

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Quote from: Wind_FURY on December 19, 2018, 03:18:20 AM

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...

el kaka22

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

dewildance

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

Wind_FURY

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Quote from: alyssa85 on December 18, 2018, 05:05:03 AM

Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

alyssa85

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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).

Wind_FURY

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Quote from: ThirdPrize2 on December 17, 2018, 06:28:54 AM

Quote from: Wind_FURY on December 17, 2018, 06:20:44 AM

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

ThirdPrize2

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Quote from: Wind_FURY on December 17, 2018, 06:20:44 AM

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?

Wind_FURY

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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.

Bitcoinwaist

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

ThirdPrize2

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Quote from: btc-room101 on December 16, 2018, 07:43:08 AM

Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

ThirdPrize2

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Quote from: Red-Apple on December 16, 2018, 05:53:21 AM

Quote from: KingScorpio on December 14, 2018, 01:55:50 PM

Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

btc-room101

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

coin-investor

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

Red-Apple

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Quote from: KingScorpio on December 14, 2018, 01:55:50 PM

Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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

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capitan_rocotan

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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!

dothebeats

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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.

absurde

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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.

squatter

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STOP SNITCHIN'

Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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.

Quote from: mk4 on December 14, 2018, 07:08:11 AM

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.

KingScorpio

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

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

mindrust

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

Can you deny it? Everyone who has brought in the last year has lost money.

That's retarded.

Everybody who bought in 2014 also lost money... till they don't in 2017.

1 bitcoin still equals to 1 bitcoin. Nothing is lost.

mu_enrico

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These few points instantly came to my mind:
- Tulip is still valuable to date;
- Tulip supply can be unlimited --yes it still takes land to grow, but you know what I mean-- meanwhile, bitcoin supply is ~21 million;
- Tulip is a bad unit of account, medium of exchange, and store of value; etc.

However, if you argue about the bubble, then all assets experience that. Ever heard of the housing bubble, gold bubble, stocks bubble, etc.?

marjil

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Quote from: taguig on December 14, 2018, 07:22:28 AM

Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

Can you deny it? Everyone who has brought in the last year has lost money.

The comparison is very far, the technology brought by bitcoin is here to stay and will change the world, it's a temporary setback and definitely, Bitcoin will come back with a vengeance, for now, we should just watch and see what's going to happen next year.

I agree that the technology is here to stay but I think people need to separate that out from the underlying coins. The technology being useful and a major change for the future does not necessarily translate to the coins having the same disruption.

dewildance

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

Can you deny it? Everyone who has brought in the last year has lost money.

For just now! Market cycle is running perfectly. It has dropped and rised more than one times. It will be back again we all believe in that rise. Don't judge now and don't judge with 2017's condition. You should think from 2009 to 2019. Then you may see the big picture Wink

Slow death

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

Can you deny it? Everyone who has brought in the last year has lost money.

You had a project related to bitcoin:

Quote from: ThirdPrize2 on September 17, 2018, 01:44:03 PM

Wanna show your love of Bitcoin in a fashionable way? Then check out my shop.

https://www.cafepress.com/RedFiveSoftware

Two designs at the moment.

What do you think?

Quote from: ThirdPrize2 on December 11, 2018, 09:32:17 AM

Say you're a shop owner and you accept BTC. Do you keep it as BTC or convert it to your local currency? If you keep it as BTC, then this year would have bankrupted you as your working capital went down 80% in real value. If you convert it to USD/GBP then you are probably using some 3rd party payment system where you don't even know/care it's BTC. It is just another currency to you.

Out of those two options, which is best?

Quote from: ThirdPrize2 on December 07, 2018, 05:38:37 AM

It's nothing to do with the BCH fork, or BAKKT, or the ghost of Satoshi.

Watch the news. Stocks and shares are tumbling as well. US and China worries are affecting the stock market, and the same people selling there are selling here. What is the point of being decentralised if "big money" still owns your ass? It's a joke. Crypto is just another column on a "profit & loss" spreadsheet somewhere.

My prediction? Back to $600, the price before the last big pump. That will wipe out most ICOs and AltCoins as they will be worth absolutely nothing. You can also say goodbye to most of the big money investments in trading platforms and exchanges.

I suppose you also lost money with that big fall, but you're really going to lose it if you sell with losses. I read a good article today

Why Bakkt and Nasdaq Are Betting on Bitcoin Futures in 2019

these guys know that the price in the future will be very high so they are betting on bitcoin and they entering the crypto market will be able to give more legitimacy so that governments legalize bitcoin so we can use it as a means of payment worldwide. currently bitcoin does not have much use and has high volatlidade because still is a very small market that can be manipulated easily.

mk4

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Quote from: ThirdPrize2 on December 14, 2018, 07:19:32 AM

No one this year brought it to disrupt banks or send money overseas. Even if they did, they would have converted it back straight away. People just saw $$$ and thought "I want some of that".

So it didn't disrupt banks this year, so does it automatically mean bitcoin couldn't do that, ever? It will take time for people to adopt bitcoin, no one just really knows when, it might be in 5 years, a few decades, heck, it might not even be in our lifetime.

Quote from: ThirdPrize2 on December 14, 2018, 07:19:32 AM

Even if they did, they would have converted it back straight away. People just saw $$$ and thought "I want some of that".

Indeed this is what's happening right now. People convert back to fiat because bitcoin is still too volatile. It will take time for bitcoin to get to a stable price. And yes, I'm using "it will take time" a lot; because don't expect something so new to be ready for global adoption so quick.

I'm not going to disagree about people wanting to make money by speculating with bitcoin. Bitcoin is indeed mainly a speculative investment right now.

davis196

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It's not about bitcoin,tulips or any other product,currency or asset.It's about how the market reacts to seratin situations.When you have lots of greedy people,that want big profits fast+a sertain asset that can be traded+scarcity you get a market price bubble.That's all...

khufuking

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Quote from: ThirdPrize2 on December 14, 2018, 07:19:32 AM

People just saw $$$ and thought "I want some of that".

That does not change the fact that Bitcoin and the technology it offers are here to stay, of course when there is $$ to be made there will be people looking and trying everything to collect this $$ it is a common thing in everything in life.

I really don't think that we can compare Bitcoin to tulip bubble, Bitcoin came up with a new technology that even the people that hate Bitcoin can't deny it. Your comparison is not valid mate.

sorrysteve1

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The tulip bubble is nothing alike the bitcoin bubble, firstly tulip bulbs are not finite, more can easily be produced with time. Secondly they did not offer anything in terms of utility or innovation. The bubble lasted only a short time, BTC has already been around for over 10 years now.

taguig

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

Can you deny it? Everyone who has brought in the last year has lost money.

The comparison is very far, the technology brought by bitcoin is here to stay and will change the world, it's a temporary setback and definitely, Bitcoin will come back with a vengeance, for now, we should just watch and see what's going to happen next year.

ThirdPrize2

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Quote from: mk4 on December 14, 2018, 07:08:11 AM

... that could potentially disrupt banks, international settlements, and or fiat money in general ...

I mean, LOTS of people invested LOTS of money at ridiculous prices in something that had no intrinsic value. No one this year brought it to disrupt banks or send money overseas. Even if they did, they would have converted it back straight away. People just saw $$$ and thought "I want some of that".

franky1

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Quote from: ThirdPrize2 on December 14, 2018, 07:04:33 AM

Can you deny it? Everyone who has brought in the last year has lost money.

centuries later you can still buy tulips

people that bought houses before 2008 were at a loss after..
... years later you can still buy houses

price drama is never a gaurantee always upward motion.
as mr miagi told danielson as part of his karate and economy and life lessons while painting a fense
"up, down, up down".
you will get a slap on wrist if you think only "up up up" works best

economy is like the waves. or a crane. up AND down
so go to a beach stand on a wooden post and while looking at the ocean and doing the crane position. you will learn

you cant stay up for long, the waves cant stay up. you will fall and have to rebalance. the waves will crash and return

so just enjoy and learn from each event and train your mind how to cope with it.

mk4

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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.

ThirdPrize2

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Can you deny it? Everyone who has brought in the last year has lost money.

Topic: Tulip comparisons looking true now (Read 462 times)