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@D1 So does housing, but that was a bubble as well. Just because something has value doesn't mean it's not a bubble.
At least with tulip bulbs, you can still plant it and possibly get a pretty flower!
One of the hallmarks of a bubble is when the best defense against claims it’s getting out of control is that it’s not a bubble.
Regulators are late to the game here and the best we can hope is that the bubble can be burst with minimal collateral damage.
People are borrowing on credit cards and taking our mortgages on their homes to buy Bitcoin. This will not end well.
I’m sure it’ll end just as well.
They do D1. But not appreciating at the rate they are, and some countries are likely to try to regulate or ban them
http://www.zerohedge.com/news/2017-12-12/its-official-bitcoin-surpasses-tulip-mania-now-biggest-bubble-world-history
Everyone comparing tulips to cryptocurrencies have no idea what they're talking about
Sure is sour grapes from people who missed out
Oh, those who got out of tulips near the peak certainly must've felt that way, D1. Those who got in then? Not so much.
Thanks for sharing. I just bought more bitcoin!
Right OP, and people have been calling it a bubble since it came out
P1 except cryptocurrencies have real utility and value.
Yeah Google and Facebook were bubbles. Widespread use and adoption does not a bubble make. Cryptocurrencies we're just undervalued all this time. You may argue that Bitcoin is overvalued compared to other more capable cryptos, but the whole markets fine.
Do we all agree that on average, no one makes money on bit coin? For everyone who buys, someone else sells. Just making sure we all understand.
No SM1
...? That’s how it works. Pretty simple, Acc1.
No SM1, that’s only trading.
You’re kidding, right? How else could you make money?
I think I’m being trolled