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RE: 6 reasons why Bitcoin can't be compared with the 'Tulip Mania'

in #bitcoin7 years ago

hehe ... very good. Although, tulip mania was a very long time ago. you can't say bitcoin isn't a bubble because it will only be called a 'told you so bubble' when it does in fact burst. The price is in a bubble, because it's a price rising on something made from thin air ... yet people think it is valuable, they trade it. Could we see 1 Satoshi replace $1 USD? That's when 1 Bitcoin is $1million ... Is it possible? Nobody can predict, what events could drive people to choose other coins as a store of value. We are not even in the VHS/Betamax wars yet as far as blockchains go!

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Lets not try to make 1 Satosi equivalent with 1 USD, since with current value of 1 USD, the least expensive product we can purchase is to the value of 1 USD. I would not like to buy a paperclip to the cost of 1 USD :)