Topic: what is key differences between Bitcoin and tulip bubble - page 2. (Read 351 times)
The tulip bubble is hard to understand. There were so many reasons why it happened, it was a perfect storm. If you read about it in depth, you learn many interesting things, like what the tulips were being used for and why they were important at that point in history. You could make the case that government spending creates the effect storm for Bitcoin, but unlike Tulips, there is no ability to increase production and it’s likely demand will grow instead of shrink.
Some people still asking bitcoin is the same as the tulip bumble.
I don't know where you've been hanging out but I haven't seen anybody ask this in years!Quote
Tulip is a non-tech bubble and BTC is a tech bubble.
There is no bubble in bitcoin.Quote
we can predict this has to be in another 100 years.
No we can't. The way technology is developing the gaps between massive innovations that revolutionize the world is decreasing so we can't predict what bitcoin is going to be like in 100 years from now.We can only predict the short term. For example we know that for the coming decade or two bitcoin will dominate as the only decentralized currency.
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There is another valid point that the last BTC going mined in 2140 or near year so for that period BTC should survive.
Again you can't make that prediction and your whole reasoning is wrong. Bitcoin doesn't survive based on its block reward. 
The main difference is; Tulips are inflationary. You can plant and create as many tulips as you like. Bitcoin on the other hand is deflationary. Bitcoin’s supply is limited to 21 million units and every day some of those units get lost. There are probably not more than 16 million bitcoins available nowadays. You can’t plant bitcoin on the ground like you do with tulips.
Tulips look cool though. I can’t ignore their beauty.
Tulips look cool though. I can’t ignore their beauty.
Tulip mania was mainly a speculative bubble.
Bitcoin, on the other head, has real-world practical use and is inflation-proof by design. There is a speculative aspect to crypto that follows many other market cycles. Take a look at Gold's all-time charts for instance and compare to Bitcoin. Looks pretty similar.
Bitcoin will continue to rise and fall but ultimately will rise in the long-term.
Bitcoin, on the other head, has real-world practical use and is inflation-proof by design. There is a speculative aspect to crypto that follows many other market cycles. Take a look at Gold's all-time charts for instance and compare to Bitcoin. Looks pretty similar.
Bitcoin will continue to rise and fall but ultimately will rise in the long-term.
If you know so much reason why btc is not a bubble and never will be why comparing it with some flower? This is the most ridiculous btc comparison I have seen. Perhaps all the tech giants and big org that have adopted btc and continue to do so love to be part of the big bubble 
It was a good read and very educative.
It was a good read and very educative.
Actually Bitcoin and Tulip are completely different thing, it doesn't make sense to compare both of them. Don't compare an apple with a shoes, you need to compare an apple with an apple too. Tulip was expensive because not everyone know Tulip and it's been used for speculation, while Bitcoin, everyone almost know about it, but some people still not want to try to buy Bitcoin.
Bitcoin wouldn't crash and become worthless, if anyone ever predict Bitcoin would worth $0 in the future, it's a people who doesn't anything about Bitcoin.
Bitcoin wouldn't crash and become worthless, if anyone ever predict Bitcoin would worth $0 in the future, it's a people who doesn't anything about Bitcoin.
As per my understanding. there are major differences between bitcoin tech and tulip mania. Some people still asking bitcoin is the same as the tulip bumble. Tulip is a non-tech bubble and BTC is a tech bubble.
My points are
A tulip is a just flower and has no long useful life for it.
Tulip flowers do not have a use case
Tulip flower investment does not use any security standards
As per the white paper of the BTC , BTC is for peer-to-peer exchanging money with any border limits, and it's a real use case.
BTC has had a long useful life, from 2009 to now. And its adoption especially in the tech sector so we can predict this has to be in another 100 years. There is another valid point that the last BTC going mined in 2140 or near year so for that period BTC should survive.
BTC is secured with Blockchain technology and millions of computers are now connected to the newtork. Hashing rate is very high so its almost impossible to break the security of the BTC network.
At last, i would say, Tulip is a just a flower without long life. Everyone can not get it. BTC is related with tech and everyone can use it. No discrimination, no boarder , no third party. So BTC will be king of the financial market in near future on the internet.
My points are
A tulip is a just flower and has no long useful life for it.
Tulip flowers do not have a use case
Tulip flower investment does not use any security standards
As per the white paper of the BTC , BTC is for peer-to-peer exchanging money with any border limits, and it's a real use case.
BTC has had a long useful life, from 2009 to now. And its adoption especially in the tech sector so we can predict this has to be in another 100 years. There is another valid point that the last BTC going mined in 2140 or near year so for that period BTC should survive.
BTC is secured with Blockchain technology and millions of computers are now connected to the newtork. Hashing rate is very high so its almost impossible to break the security of the BTC network.
At last, i would say, Tulip is a just a flower without long life. Everyone can not get it. BTC is related with tech and everyone can use it. No discrimination, no boarder , no third party. So BTC will be king of the financial market in near future on the internet.
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