Comparing Bitcoin to Tulip Mania - Laughable

in #bitcoin7 years ago

The Bitcoin price is often referred to the Tulip bulb bubble called Tulip Mania, by very uninformed "experts." After doing some actual research I've come up with some comparisons.

-Bitcoin is a competing currency, in a world full of currency monopolies. Bitcoin has a caped total supply fiat currencies, and Tulip bulbs do not.

-Tulips were a luxury item, you know how much people pay for a shinny rock, a fast car while the roads have speeding limits, or a gold plated watch?

-Tulip Mania happened during the bubonic plague likely investors were taking higher risks then normal, thinking "I could die tomorrow," or "I need money to fight the plague."

-The collapse began in Haarlem, when, buyers apparently refused to show up at a bulb auction. This happened when Haarlem was at the height of a bubonic plague outbreak. I don't believe the bubonic plague can travel to the bitcoin exchanges trough the internet tubes. Anyways we already did have a disease attack on an exchange, it's called Mt. Gox, and we have survived it.

Next time someone calls Bitcoin Tulip Mania, just call them Parrots.

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