gochk (OP)
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December 03, 2013, 02:48:16 PM Last edit: December 03, 2013, 03:38:23 PM by gochk |
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Bitcoinpro
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December 03, 2013, 02:59:22 PM |
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in reality the ups and downs of stock/currency and asset prices are much more complicated that this and from some view points its almost impossible to see a bubble in any real assets, it would seem more often that professional operations are setup to pop assets so hard that it does indeed collapse in price and then the instigator can buy up en masse the now very cheap product knowing that it has underlying intrinsic value
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bitcoinpsftp
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December 03, 2013, 03:06:30 PM |
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I merely skimmed through most of the article and think they are way off. Some of their information is out dated, some wrong. Also, if bitcoins = tulips, gold could easily be like tulips as well (or a better example, diamonds). This is ridiculous. Furthermore, saying that there is no place to buy items/services for bitcoins is absolutely false. And why must it EXCLUSIVELY be for bitcoins?
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Phinnaeus Gage
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December 03, 2013, 03:17:53 PM |
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Let me see if I have this correct. The same person that is comparing bitcoins to tulip, is one we're trying to save all future transaction fees for him and his family and friends, yet, instead of embracing change, of which he advocates, he opts to throw it under the bus. ~TMI BTCITW
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bitcoinpsftp
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December 03, 2013, 03:24:30 PM |
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Let me see if I have this correct. The same person that is comparing bitcoins to tulip, is one we're trying to save all future transaction fees for him and his family and friends, yet, instead of embracing change, of which he advocates, he opts to throw it under the bus. ~TMI BTCITW Apart from this, it's also a very ugly article. He even goes as far as to insult the people that embrace bitcoins and the people that have gotten it to where it is today (talking about not stroking the egos of the nerds that are a part of bitcoin). Very big dislike to that article, maybe he did it to get some spotlight.
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Johnny Bitcoinseed
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December 03, 2013, 03:31:53 PM |
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If you want tulips, one only has to hold US Dollars. Being printed to the tune of an additional $85 billion per month. Hundreds of Trillions of dollars in debt and unfunded liabilities.
I'll take my chances with bitcoin.
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Gabi
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December 03, 2013, 03:34:41 PM |
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Tulips are beautiful. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F4%2F44%2FTulip_-_floriade_canberra.jpg%2F450px-Tulip_-_floriade_canberra.jpg&t=665&c=J9yqNwN3souvPQ) Fail article...
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Carlton Banks
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December 03, 2013, 03:37:31 PM |
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I see where he's coming from. Tulips are: - Limited in supply by a distributed consensus computer protocol
- Tulip network can be used to send other tulips to people anywhere else in the world, and can be received instantly
- Tulips comprise a software construct of a wallet of public and private keys to allow the Tulip user to securely send, receive and store their Tulips
- Mining new Tulips involves trial and error guessing of the value of 2 SHA-256 hashes of the previous block of Tulips in the blockchain
The similarities are pretty startling, case closed.
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Vires in numeris
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I_bitcoin
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December 03, 2013, 03:40:35 PM |
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Howdy troll thread. Look, you got me to type something!
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No matter where you go, there you are.
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wobber
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December 03, 2013, 03:43:39 PM |
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Bitcoin is revolutionary. It could go to 0.1 USD and I'm sure some geeks (like me) would still use it.
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gochk (OP)
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December 03, 2013, 03:46:27 PM |
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Let me see if I have this correct. The same person that is comparing bitcoins to tulip, is one we're trying to save all future transaction fees for him and his family and friends, yet, instead of embracing change, of which he advocates, he opts to throw it under the bus. ~TMI BTCITW Apart from this, it's also a very ugly article. He even goes as far as to insult the people that embrace bitcoins and the people that have gotten it to where it is today (talking about not stroking the egos of the nerds that are a part of bitcoin). Very big dislike to that article, maybe he did it to get some spotlight. According to him (posted today) http://gonzalolira.blogspot.com/2013/12/a-calm-analysis-of-bitcoins-as-currency.html ; it was a fairly mild criticism.
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Tzupy
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December 03, 2013, 03:50:04 PM |
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Bitcoin is revolutionary. It could go to 0.1 USD and I'm sure some geeks (like me) would still use it.
If it goes to 0.1 $ then it's going to 0, but this is very unlikely to happen IMO. However, a prolonged bear market could drop to double digits for a short time. Regarding the current market status, I believe we are within capitulation, but with limited seller pressure for now, the first large drop recovered quickly. When most big players will understand, they will dump big.
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Sometimes, if it looks too bullish, it's actually bearish
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RodeoX
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December 03, 2013, 03:50:58 PM |
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Except tulips made an awful store of wealth/currency. They are not fungible they are perishable. Tulip mania was doomed from the start.
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PenAndPaper
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December 03, 2013, 03:52:57 PM |
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Isn't there any other analogy that implies a bubble except tulips? I 'm extremely bored with them already.
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Tirapon
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December 03, 2013, 03:54:34 PM |
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Can we all agree that if and when Bitcoin becomes widely adopted, we officially change the name to 'Tulip Bulbz' and change the logo to a tulip?
I would find it most amusing.
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bitcon
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December 03, 2013, 03:56:43 PM |
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they say tulips, i hear sour grapes
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flynn
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December 03, 2013, 03:57:00 PM |
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They are not fungible they are perishable. If only they were fungus-proof !
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intentionally left blank
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umaOuma
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December 03, 2013, 04:13:49 PM |
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Tulips are beautiful, but just a plant. How the speculation could drive the tulips prices so high, I have no idea.
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gochk (OP)
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December 03, 2013, 04:16:57 PM |
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I think the blogger is using tulips because as you know, tulips bloom and then dies. That's what happens to the ones on my flower bed anyway. So he's essentially saying, bitcoin will "bloom" but then it'll die off - which he advises people not to get into it and to sell what they have.
Maybe it's because I'm not a btc expert and therefore not able to verify his blogs today; 1) he claims he has bitcoin. 2) btc does not provide anonymity
so, there are a couple of questions that pops into my mind 1) anyone can find out if he still holds the bitcoin he has? 2) for that matter, can anyone find his btc address? 3) even if they can find his btc address, what's stopping him from creating a new address and sending the bitcoins to himself and presents it as him "selling" off his holdings?
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sumantso
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December 03, 2013, 04:21:28 PM |
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Whats wrong with tulips? I like them - have several in my front garden.
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