How is this not just a tulip 2.0

How is this not just a tulip 2.0

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1. Tulips were not on a Blockchain
2. Bitcoin has crashed several times and always went back up, another crash is expected and long waited.
3. In the event of a global recession it wouldn't be Bitcoin that was disproportionately hurt

I love those headlines lol

how is it?

Oh your full analysis is that their charts look kind of similar? lmao

Do you see the healthy corrections?

Tulips is a straight line up

1. Tuplis aren't fungible
2. Tulips cannot be divided into smaller fractions and maintain same value
3. You cannot send them instantl-, err, within 2 hours to someone around the globe.
4. Tulips have expiry date
5. Tulips don't have a limited supply

I could've written few more, but you get the idea.

>Bitcoin has crashed several times and always went back up
it's called normalcy bias
one day it catch up to you an fuck up your shit

>In the event of a global recession it wouldn't be Bitcoin that was disproportionately hurt
oh now it will
its a luxury fad for people with spare money
demand for luxuries fail hard during recessions

baby put square block in square hole
baby smart!

Actual use cases with leading companies coming out and devoting billions towards just researching infrastructure implementations. When the richest chink in the world suddenly goes all-in on the tech and actually incorporates it into all his products and you see it spreading and can see there tangible product, you know it's here to stay. Tulips had no use case, sustainability, or integration into other sectors. This is part of Econ 101 in analyzing the tulip mania and understanding why it was such an exception among exceptions.

No way, bitcoins are going to keep rising, infinitely. It's just logical that the market will never correct BTC because it's an exception.

instant crypto is here:
youtube.com/watch?v=pjIUsVDUr_s

>its a luxury fad for people with spare money
>demand for luxuries fail hard during recessions
bitcoin is not a gucci handbag you brainlet. Bitcoin is inflation resistant and wont fall with the dollar in a recession

its not even dotcom size

And what are shitcoiners going to do when the falling rate of profit, exponential growth and infrastructure limits are catch up to bitcoin?

511 billion right now.

>bitcoin is not a gucci handbag you brainlet. Bitcoin is inflation resistant and wont fall with the dollar in a recession
you are a dumb faggot if you think some overpriced chinese bag is a luxury

This meme needs to be updated. Market cap is over 500 bil now

hehe Veeky Forums everyone

Are you retarded or trolling ?

Anybody who compares crypto and dotcom market caps is retarded. The dotcom bubble had shitloads more companies involved. Bitcoin is just too large on its own right now. Right now every shitty ICO has no problem pulling together 50 million for literally awful ideas.

You tell me a world where you can magically get 50 million dollars for writing a white paper and designing a shitty website is not a bubble world.

MAYBE if you hodl until 2022 you'll get your money back and a little more.

If bitcoin crashes....will altcoins see a lot of mooning?

Good joke

by crash...i mean a crash correction...not that its going to zero

Veeky Forums strikes once again

i think it will eventually, but bitcoin has a habit of taking other coins down with it if you look at the last months up's and downs. for normies, bitcoin and altcoin are basically the same.

Only good coins with partnerships will survive, the rest will die

>tfw comfy holding XLM

Initially all alts will suffer because they are based on bitcoins value. The good ones might moon afterwards. The bad ones will stay dead for a while.

> its like people don't know that you can plant tulips but you can't create more bitcoins.

Not saying its not a bubble. But comparing Bitcoin to the tulip mania is intelectually dishonest and lazy

you can almost infinitly subdivide bitcoin and you can just do an ICO

Fiat is the bubble and it's already started to pop. Get out of Fiat while you can

Yeah subdivide doesn't mean you create more you tard.
Someone with 1 BTC still has 1 BTC even if all others trade with a millionth of a BTC. Just makes the guy who has a whole BTC a millionaire

we're not buying fucking flowers

Tulips are even more useless than bitcoins

Q: what is your Bitcoin exit strategy?

A: Bitcoin IS the exit strategy.

>You can individually subdivide bitcoin
Transaction fees are LITERALLY 25$. You aren't worrying about 1/100 of a cent when you're getting jewed out of 25$ by miners.

Yes goy keep saying it's a bubble, don't accumulate anything that your local bank financialist doesn't like.

Tbh it's a great time to be alive to where you can make 50x that your parents did, by typing up an essay with a few buzz words and a little website dev work.

Come on user, your parents worked 40 years to only get MAYBE 1 million.

What a time.

Yeah, but adjust that for inflation, it was a lot more.
Our $1 million is basically $50k now

>implying that tulips were trading hands for tulip mania.
People weren't passing the physical tulips around, it was just a numbers game. They were trading "tulips" around during the winter when there were no tulips to trade.

>Tulips don't have a limited supply
Bitcoin doesn't really either because an alt-coin can just pop up that is the exact same thing. I could go out and make bitcoin-A to Z tomorrow that would have the same rules as bitcoin. In fact many people have already done this.

>Bitcoin is inflation resistant and wont fall with the dollar in a recession
Wrong.
People will cash out to pay their bills during the recession which will create a downward force on bitcoin price.

>Code can't be replicated.
God Coiners are the "biggest idiots." You fags just need to hope you find bigger idiots than yourself to make money.

I can go out tomorrow and fucking make a new cryptocurrency with the same rules as bitcoin.

Yeah, you're not buying anything at all except a number on a screen that no one has to accept for a transaction.

Were all screwed

>sub 400B marketcap
>biggest bubble

Brainlet: The Post

If some nigger pajeet like you comes along and forks bitcoin for the 1000th time, the resulting coin has no value at all. Compared to the 17k usd that bitcoin is currently worth. Forking a coin doesn't equal to more overall value you fuck

Wow, you sure refuted my statement good sir.

Tulips weren't a deflationary pyramid scheme protected by large Chinese mining farms.

Crypto will keep rising until the fuel runs out (when third worlders, niggers, spics are 'investing' we are doomed, but for now it's mostly Chinks and Pajeets, technology will only make crypto more accessible so it will keep rising).

Nothing to refute here. You can't copy bitcoin, which is why it's valuable.
>but you can fork the codebase and make your own coin!
No shit, really?

I don't get how this has anything to do with what I said. I'm neither a nigger or a pajeet as well. Bitcoin is inherently worthless with or without forks anyways.

you forgot social security being impossible to pay in like 20-30 years

I’d love to see Facebook or Machine Learning/AI stocks overlaying that graph. Or even smartphone usage.

Oh yeah, they’re an s curve and don’t fit the argument because it’s simply a matter of technology being adopted.

crypto is the safest place to be since it has the least deflatable credit

>You can't copy bitcoin
>you can make your own coin
If I can replicate it, it's not a holder of value. Bitcoin valuation is absurd for this fact.

Have fun replicating the entire existing ecosystem around bitcoin and convincing people to switch to whatever coin and blockchain you're coming up with then. Should be easy to do, right?

The safest place to be is to buy things that you will use during your lifetime. Currency's only purpose is to buy things you want or need.

that might be true in armageddon not a depression

Have fun replicating the entire existing ecosystem around USD and convincing people to switch to whatever currency and system you're coming up with then. Should be easy to do, right?

So, the value of bitcoin is only because you've convinced people it has value by saying its rare! AND can't be duplicated! wew, I have a tulip to sell you. It has pretty colors that no other tulip has! It has value, you should buy it and all my other tulips that are all different and unique! Just your friendly reminder that bitcoin is tulip mania 2.0.

>not a depression
You've never experienced a depression. Let me know when you're eating the tiny rodents in your backyard to stay alive.

tuwip

>It has pretty colors that no other tulip has
Prove it.
How long will your tulips last? Can I access them in, say, 15 years from now on?

And this is what people don't get. I constantly ask how they are going to use their crypto if an economy crashes. So many things depend on USD, including Bitcoin(your internet connection, cell phone, electricity, other infrastructure). If the USD were to experience hyperinflation, then the amount you'd be able to convert from crypto to USD would be greater, but so would the prices of everything. It's a wash.

Prove that bitcoin will have value in 15 years from now.
Prove that you'll be able to transfer and use bitcoins 15 years from now.
Prove that anyone will care about bitcoin after X amount of time passes.
How long will your bitcoins be secure for? How long until technology comes out that can render your blockchain technology useless?

>then the amount you'd be able to convert from crypto to USD would be greater,
More likely, you wouldn't even be able to convert bitcoin in such an event because you need someone willing to buy it from you.

You don't even have to take it that far. Crypto runs on systems that use paper currency. In we in such a dire situation, you wouldn't be able to get to your wallet, forget finding someone to sell it to.

>Prove that bitcoin will have value in 15 years from now.
No way to do that, but that's not that point anyway.
>Prove that you'll be able to transfer and use bitcoins 15 years from now.
Easy, as long as there's at least two nodes running you can transfer bitcoin.
>Prove that anyone will care about bitcoin after X amount of time passes.
For nearly a decade now it has been working out fine. To the point where you can hear about bitcoin in the news daily.
>How long will your bitcoins be secure for?
The ledger is immutable, so forever.
>How long until technology comes out that can render your blockchain technology useless?
Sorry, what? Do you understand how the blockchain functions?
I take it you mean quantum computing and how it will be able to crack traditional encryption, and therefor existing private keys of well known wallets?

If you fork bitcoin right now, nobody will give a shit. There are thousands of alt coins and literally none of them are "granted" value just because. So bitcoin truly is limited, if you cannot understand this abstraction then maybe thinking isn't for you.

youtube.com/watch?v=2T0OUIW89II

Bad argument is bad.

discord.gg/SeMVNu2

>japan real estate
>japanese stocks
YAMEROOOOOO

The initial hit of a recession will effect all assets negatively in the short term, but once QE hits again its gg on fiat.

Only the ones that have an actual use. Which is maybe 5% of all the alts, but you are most likely holding at least some of them. You... are... holding some promising alts, aren't you user..?

capitalism is so shit that the only way to keep it going is to give sub-prime loans to tyrone.

Actually I live in a shit Latin America country and more shit occurs here, more I put my assets on things like crypto (that my ass government has no direct control)

So if a crisis happens here, I will put money on crypto and pray to God.

also americans are becoming so poor they can't even afford to buy anything anymore. everything has to be financed. this shit is going to be ugly when it finally pops.

>he thinks tulip mania actually happened

Pretty much every modern historian says there's no evidence to support a substantial Tulip bubble ever occurring. Every account of it comes from one source which is believed to have been an exaggerated recount. In reality, tulip mania only existed among a small handful of merchants and craftsmen, and it's estimated that less than half a dozen people were actually financially impacted by it, and even then there's little evidence to support the idea that the tulip bubble bursting was the cause of their poor financial situation.

>that's not that point anyway.
Lol, what's the point then?
>For nearly a decade now it has been working out fine.
A decade is not a long time.
Rome and other ancient civs lasted centuries and worked fine, but they all eventually collapsed.
>To the point where you can hear about bitcoin in the news daily.
People talk about trendy shit all the time, it doesn't mean anything.
>The ledger is immutable
False, the ledger changes with every transaction meaning that it is mutable. But I know what you mean.

>Do you understand how the blockchain functions?
yes.

I usually just lurk but this has to be the dumbest shit I've ever read. "Jus hodl your dollars cuz then when you need 100,000 for a loaf of bread you'll only have 10 grand and some dumbshit with a bit coin will be feeding his family for a year."
>it's a wash

But bitcoin is "granted" value just because. It was conjured out of the air in the same fashion as alt coins. If you cannot understand this then maybe thinking isn't for you.

Prove the dollar won't be printed into oblivion.
Prove that there won't be a basket of world currencies offered by the IMF as a global integration of the economic power.
Prove that the stock market won't crash.
EVERYTHING IS RIKSY FAGGOT. Don't get on the highway today, people die every single day on America's highways.
>FUGGGOFFF

>little evidence to support the idea that the tulip bubble bursting was the cause of their poor financial situation.
Sounds like coiners when the bitbubble finally bursts, lol.

Sorry friend, you don't seem to understand how supply and demand works. You probably think socialism works as well.

BTC currently does not have a high demand outside of the speculative market. Sure, there are some adopters, but they are not coming in droves. You people live in a fantasy land. The only big "demand" right now is with you and your other "investors", which is circular and artificial.

>This time is different

Don't get me wrong, I love cryptos but one day eventually it will crash fucking big time... but it will recover...

If the market turned and people were selling their bitcoin, would you say there is a demand for fiat or is this a market phenomenon that doesn't play by these two components?

>Lol, what's the point then?
For me it's the technical aspect of cryptocurrencies. Sure, those free gains are nice but I find bitcoin and similar projects to be intriguing.
>A decade is not a long time.
Not saying it is, but you have to start somewhere. There's also not much more data to work with since a decade is all we have so far.
>Rome and other ancient civs lasted centuries and worked fine, but they all eventually collapsed.
What's the expected runtime on USD then? Couldn't that collapse in the same manner?
Also crypto"currencies" and blockchain are a paradigm shift on how to convey information in way that is unforgeable, not driven by politics. In a billion years 1 + 1 will still equal 2.
>People talk about trendy shit all the time, it doesn't mean anything.

I was using the same logic as the person I was replying to, to show his faulty logic dumbass.

Why would I try to prove something that I know will eventually happen given enough time?

For people who got into it late and realize it not's going anywhere and want to sell, then yes, I would say those people have a demand for fiat. Not sure where you're going with that.

Until crypto has a way of paying for needs with pure crypto, it has little large economic value. Even something like this:
news.bitcoin.com/japanese-pay-utility-bills-bitcoin/

Looks good on the surface(mer adoption), but really they're simply using exchanges to convert Bitcoin back to JPY, which is what they really want. This isn't even a step in the right direction. The utility needs JPY, and can't use Bitcoin to pay their own bills. Full adoption would require fiat to be dropped entirely.

I know what supply and demand is.There's demand for scams and pyramid schemes from idiots all the time. Doesn't mean it has value friend.

it's the MSM, they're literally that dumb retard kid in class

>alt-coin can just pop up that is the exact same thing. I could go out and make bitcoin-A to Z tomorrow that would have the same rules as bitcoin. In fact many people have already done this

Right, and none of them are worth what bitcoin is worth, which proves the point that bitcoin itself has a limited supply. The fact that people can make copycats doesn't prove anything. I could print a few pieces of paper and call them "user's USD," but that doesn't mean they have any value relative to the real USD.

Crypto is almost entirely owned by Gen Y/Z and it's being supported by organizations on the right side of the political spectrum.

Translated: old right-wingers are trying to take Jewish fiat funds and giving it to young, white, males.

Full adoption would also require a coin that actually fucking works too. Bitcoin is utter garbage in terms of transacting in, because the fees and time it takes. More importantly is liquidity though. This is a long game my dude and bitcoin (or w/e replaces it) will require better transactions and much more liquidity (at least 5-7 trillion) before it'll be accept in most markets.

In the meantime people see the future potential (see Tesla) as well as a way to hide wealth without asking permission, which is massive giving it value on top of it being technologically secure. That is why its so goddamn hot right now. Plus we're nearing the end of the 8-10 year business cycle and lots of people are nervous about recession and QE.

It could easily lose half the value and then go back up to a ATH, the stock market has done that repeatedly.

>technical aspect of cryptocurrencies.
I've heard this many times from people. You're in bitcoin because you believe in it. That's all, it's not any different than joining a religion.

>What's the expected runtime on USD then?
no one knows
>Couldn't that collapse in the same manner?
Yes, but if USD fails your infrastructure for you bitcoin will also fail.
> not driven by politics.
If it's being used by human beings then it is driven by politics. Maybe not government politics, but it's still the same shit just different people.

>3. You cannot send them instantl-, err, within 2 hours to someone around the globe.
kek

>but that doesn't mean they have any value relative to the real USD.
That's a valid point, but the same thing can be said about bitcoin in comparison to the USD.

>t. increasingly nervous nocoiner for the 209th time time this year.

How many times are newfags gonna post this graph? It was posted when Btc was $1000.

It was posted when it was $3000.

It was posted when it was $9000

It's posted every single time it moons.

>That's all, it's not any different than joining a religion.
At least in crypto I can mathematically prove that I own something, even if it's "just as number on my screen".
>Yes, but if USD fails your infrastructure for you bitcoin will also fail.
So you're a time traveller after all?
>If it's being used by human beings then it is driven by politics. Maybe not government politics, but it's still the same shit just different people.
The trade value at best. The technology itself is not.

Not a tulip 2.0 because there is an increasing demand, and the demand will stay:
> Crypto is one big middle finger towards big corporate banks that are shitting their jew pants just like when the train arrived in Oświęcim.
> People from countries with high (or hyper) inflation see bitcoin as a safer currency
> Interest rates are low, so saving money in a bank account is just useless. People will look for ways to invest their money. Stock exchanges are booming too (no one calls that a bubble)
> There is no such thing as inflation in bitcoin. There will be 21 million bitcoin, no more. Unlike the currency manipulation by the FED, ECB and PBC. "Export is declining because our dollar is so expensive, let's print a few billion a day more"
> Low fees, low transaction fees compared to banks
> Endless possibilities