Crypto Tulip Mania

How is crypto not a speculative bubble? The short video below describes the tulip mania speculative bubble that occurred. It pretty much describes the cryptocurrency market exactly. It even describes how NEET bucks speculators were a big driving force for the tulip bubble.

A lot of the coins we trade have no innate purpose and no value. They are just an instrument that can be owned and traded whose value is determined solely by investor (speculator) sentiment.

I predict that government regulatory measures will cause the bubble to burst.

I'm open to opinion, someone tell me how and why it's not a bubble?

Video:
youtu.be/Zr3FcXeDZFc

Stock market is a bigger bubble

1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS, DOLLARS AND Ethereum
2. GOLD EXACTLY SAME A PYRAMID SCHEME AS A BITCOIN BUT ALREADY ABSORB ALL IN
3. CURRENT CAPITALIZATION OF THE BITCOIN 35,788,210,511 USD
FOR EXAMPLE RUSSIAN BILLIONER ALISHER UZMANOV MAY BUY THE HALF OF ALL BITCOINS
USA MILITARY BUDGET - 611,000,000,000 USD
USA DEBT - 18,984,100,000,000 USD
GOLD IN THE WORLD 31553,2 TONS = 1,278,960,782,690 USD
BITCOIN SIMILAR TO GOLD FOR ACCUMULATION AND SIMILAR TO DOLLAR FOR MONEY TRANSFER
THE ONLY THING THAT PREVENTS THE BITCOIN FROM BECOMING A WORLD CURRENCY IS ITS LOW COST
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS
-----------------------------------
TYPICAL PROBLEM FOR BILLIONER: TO BUY APARTMENT FOR 15 YEARS ASIAN GIRLFREND
FOR EXAMPLE YOU - BILL GATES
YOU HAVE MONEY IN THE BANK
YOU CAN NOT DO ANYTHING WITH THIS MONEY, YOU CAN NOT TAKE TONS OF CASH. GOLD IS VISIBLE ON METAL DETECTORS AT THE AIRPORT
BEFORE PAYING SERIOUS MONEY, YOU NEED TO RECEIVE THE APPOINTMENT PERMISSION AND PAY THE TAXES
AND IF JOURNALISTS SEE WILL BE THE SCANDAL
WITH BITCOIN THERE IS NO PROBLEM
WITH BITCOIN ONLY PROBLEM IS BITCOIN LOW PRICE AND LOW BITCOIN AMOUNT IN INTERGENERAL ARBITRATION
-----------------------------
BITCOIN PRICE WILL RISE, LIQUIDITY WILL INCREASE, APPLICATION WILL BE EXPANSIONED
THIS IS THE EGYPTIAN PYRAMID AND NEVER WILL BE RUINED

I'm...

I'm going back to fiat.

i swear this whole board is a psyop

Tulip mania never actually happened.

>tulip mania speculative bubble

This never actually happened - not they way it's usually talked about anyway.

>How is crypto not a speculative bubble?

Because the constant "death" of last generation coins that are not adopted acts as a pressure release valve on the entire ecosystem.

>A lot of the coins we trade have no innate purpose and no value.

Exactly, and within a year of launch they are worthless and forgotten.

Hahaha most obvious bubble ever

>op isn't even participating
>getting baited this easily
>being this retarded
Veeky Forums

...

Bubonic Plague

Is crypto a "status symbol"


?

This more resembles junk bods and derivatives market and the 2008 housing market bubble

Huh?

Buy Ripple, user. There can only be One.

Yes

Flowers vs. life changing technology that can't be killed off. IDK...

How is tulip mania different from investing in a startup that's very small now, but has the potential to grow into a large company that can change the world and how we do business?

Ripple is The Highlander of Crypto. It will kill off and absorb the rest with the Sword of Regulation. Screencap and check back.

I agree that it is life changing. But its current iteration will likely not be what becomes used for the masses. I predict the FED or IMF or some major governing body will release their own blockchain and currency.

> Herp fucken derp I heard bubble. Is bad ferkken Derp

You will die alone and even more miserable & broke than you are now.

Crypto is an experiment. Nothing more. See if the people can create their own measurement of wealth

In effect they alread have. Ripple is backed by Banks which are FDIC Insured.

so what? if they try to ban bitcoin it will just be a another cobra effect

I fail to see how bitcoin is equivalent to a futures contract.

The past doesn't necessarily reflect the future regardless of the vast differences and use cases.

/Thread

Also ban op