Explain why Bitcoin isn't Tulip Mania

Bitcoins aren't flowers
Lmao are you even trying, stupid?

Bitcoin/Litecoin is the perfect form of money.

1) Infinitely divisible
2) Infinitely fungible
3) Scarce
4) Extensible

I could go on.

People no longer trust fiat, so the world is moving to crypto. Get used to it.

because bitcoin was only the first step in solving the jew bank problem and finding some privacy in the world. many people want this

It is

>disprove this negative
>protip: you can't

Sort of correct.

The BTC bubble hasn't even started yet.
At the moment it is just gaining its early adopters.

false sense of security

Yeah because trusting something backed by governments vs trusting something backed by nothing more than people trying to make more money seems legit.

ok, go on

>Explain why Bitcoin isn't Tulip Mania.
Tulips crashed because of over saturation.
They were once rare and once farmed they were commonplace and thus cheap. It took a single growing season for this to happen.
There are a finite amount of BTC, they are as rare as they will ever be.

medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f

What a bell end!
There's a limited supply for one

land in mississippi isn't flowers
the south sea company isn't land in mississippi
south sea company isn't bitcoin

really think about what you just said for a second and consider that it's unironically correct

>"tulip mania"
If you had read a book of european history you would know the "tulip mania" was greatly exaggerated in terms of money at stake and social impacts and no historian/economist would call it a financial bubble.
You can compare cryptos with various existing financial bubbles (dotcom, real estate...) but stop using this "tulip mania" like a buzzfeed/slate journalist

They're still only tiny pieces of data that have no real world value. They dont get used in any way shape or form in normal life. If your currency isnt used in the real world. Its not real.

Because you fail at charts.

its over boys

>this post
Oy_veys_internally.png

It took a single altcoin season ...

nigga you are R e T a R D E D

Tulips die and are more difficult to store

honestly i hope to god

Stay poor.
Just because you don't understand something, does not mean it doesn't have value.
Value is calculated by what someone is willing to pay for it.
There is little more to it.

oh well at least bitcoins can't be grown and they have to be mined

when nobody wants the secret rare coins they're still worthless though

don't you know that all govt is is people trying to make more money?

1) Wrong
2) Wrong
3) 99% are not even in circulation
4) LOLOOOOOOLOOOO OOOOOOOOL LLLLOOOOOOOOOOLLLLLLLLL
L
O
OOO
OOOOOO
OOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOL

we seen that with segwit2x kek

...

>Value is calculated by what someone is willing to pay for it.
Yep
And in bubbles that willingness plummets as soon as growth is no longer expected

That's assuming anyone still wants to mine it in 5 years.

Tulips you can plant and multiply.
Bitcoin has set quantity.

It means rising price of tulips was bubble, rising price of bitcoin is justified by the growing number of people wanting to buy it.

reductionist fallacy

They will be worthless if nobody wants them.
You are correct.
The flaw here is that they are gaining in popularity as they allow wealth to be moved internationally without the need of any exterior permission.

You pay for something with your card, your bank gives you permission to use that card.

I send BTC to my Brother in Australia, he gets it with my permission only.

PATTERNS ARE STRANGELY SIMILAR ARENT THEY

You cant use tulips to buy snuff porn.

Look at every major company before they went public and tell me why if they go x10000 and then get stable its normal and btc is a bubble. cya at mcdonalds

HAHAH

The perfect form of money has to be a good transfer of value, otherwise it cannot even be a good form of money.

Let's check: let me buy this thing for 100$ in Bitcoin. Oh wait, I have to pay 150$ with fees and the transaction won't get a confirmation before 1 hour.

The only real argument for bitcoin's price to be over inflated comes from the tether thing

the duration of the bubble depends on the patience of the holders

The fact you and all these other fools think a 20 times increase in a year is normal boggles me.
Sell it while you still can.

b-but when bitcoin stabilizes at 500k our transaction fees wont mean anything cause we'll all be rich !

...

no way mr sheckelstein
go back to your stocks senor

Why do you care, have you shorted BTC?

>What is Lightning Network

>infinitely divisible
it's not

carry on

Thats why buttcoin sucks and ripple, eth, or LTC will take its place

...

>not knowing how LN works and how it won't solve the problem

>tulips can safely store value long term
>tulips can be used to transact business
>tulips have been going up in price for years
>tulips are used to trade in all flowers
>flowers in general are slowly replacing functions previously covered by fiat
>the black market loves tulips

...

How is this even relevant to the argument?

hi dad

...

I am just wondering the motive behind the hate posts.
If someone thinks this is all a bubble and we are all going to lose money, then they can think that, quite why they need to come here and tell us all is baffling.
Unless of course they want to push the price down.

Unlike other stores of value (for example gold), bitcoin/litecoin cannot be physically seized by the government. So it's an excellent safe haven for when trust in established systems of finance and government is falling.

...

saving, but not for the same reason you did :^)

they are scared they missed out, jealous we are making tons of money, and confused as to how it works.

Honestly I feel bad for people like this, assuming they are serious. Their lives will be much harder in the future.

>first bitcoin selloff occured in september 2017

> buy dozens of physical wallets
> add some bitcoin to each
> throw them on the floor
> commence tiptoeing

REVERSE CHECKMATE BITCH

gotcha "son"

> throw them on the floor
> commence tiptoeing
NOT
> throw them on the floor
> everyone walk the dinosaur
You fail at posting.

Bye bye boomer

luv 2 post tired memes

>looking at the linear graph
this dip is nothing special

t. t_D

>There are a finite amount of BTC, they are as rare as they will ever be.

There are tons of altcoins

keep telling yourself that buttcoiners

it's not quite the same but it has divorces Bitcoin from its original purpose. I mean how do you promote Bitcoin as a legit currency alternative when you get massive 20%+ fluctuations in its value daily? At this point it's pretty much a financial speculation market until something gives

yea history is some weird theory.

Notuliper mad

> I only have ten toes.
> Oh man, my toes will be worth MILLIONS

stop that.

>being this new

>Explain why Bitcoin isn't Tulip Mania.

because its p2p electronic cash that is accepted in plenty of vendors and sites, tax free i might add.
but bitcoin barely does the thing it was meant to do. so iota,ripple or some other shit is going to replace it.
right now litecoin is the best candidate, altho its getting to a similar situation with bitcoin (shit supply,high fees). it would just get there slowly

bitcoin is not tulips.
your argument is invalid.

cause its not a tulip u faggot

>bitcoin/litecoin cannot be physically seized by the government.
wtf are you saying.
silk road rings any bells?

Veeky Forums was so comfy when peopel still talked about stocks.

Because average people are buying cryptos even tho they are at all time highs.... nobody bought fucking tulip bulbs when they were 5 grand...

Because there never was a "tulip mania"
smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

Except they literally did.

>all this muh alt coins

If alt coins didn't exist and it was just bitcoin, the price of bitcoin would be like 150k right now.

Because unlike tulips, Bitcoin and other crypto have real world utility.

Bitcoin has zero utility. It's a big joke.
A few other cryptos have actual usecases.
The rest are pyramid schemes.

because btc is directly connected to the value of the cryptomarket, it is the reference gold standard.
it can't keep up to be traded though, so find a solution for decentralized storage

It's a number on a screen.
Show me anyone with actual tangible bitcoin

>hurr durr fiat currency is tulips
This is literally how fucking stupid you sound to anyone with >high school education.

So is all my real money. Credit cards, bank about, direct deposit. I haven't touched cash in years.

Don't misunderstand (I'm sure you will anyways) I think Bitcoin is overvalued right now.