The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.
https://i.imgur.com/s2WGkSi.pngThoughts?
It is one hell of a bubble. But I think the price of Bitcoin will sooner or later stabilize. There problem here is that, there has to be some sort of regulation or permanent control in order to become stable. The only problem with this is that, once it becomes regulated by a single body, that single body will then have the control over the transaction that comes into place, and thus have a control on the economic growth and structure of a country. It will defeat of the purpose of Bitcoin becoming decentralized.
