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.
Thoughts?
Thoughts?
I think the tulip is the most famous because they do not have many ups and down they went all the way up and them go down hard and the bitcoins is not like that. They go ups and downs like a roller coster but the thing is the ups is more dominant thsn downs that is why the price go up and up until it reaches its highest peek they are not a bubble because the hing in bitcoins we are controling them there are a lot of people who sell that day because they are very high and the result they go down.