The article is crap. How can some idiot compare Bitcoins to Tulips.
Tulips mania was isolated to
Denmark and surrounding areas/countries.
It was treated more like art...people collected Tulips.
Though Tulips were exchanged for money, it really wasn't used like currency.
The psychological hype may have been similar, but Tulips were bound to fail.
Bitcoin and other crypto currencies however, are used as a store of value and exchange for goods and services. An alternative to FIAT dollar, like the American "toilet paper" dollar, that has a mad man at the printing presses.
The psychology, behind Bitcoin is hype to some level, but also of fear and protection of a portion of ones capital in case the "SH!T hits the fan". Similar to gold.
Anyway, my 2 cents.
And your post is total crap. No offense.
Denmark?
That's the only thing wrong in his post, it's not total crap. It was Holland of course.
When somebody claims to know about that matter and start with a such a mistake , I don't even bother with the rest.
But for the sake of it let's go:
Tulips were bound to fail.
Did they? Nope , the price decreased but tulips went on , and even now I can still plant, grow, buy, send them as a gift.
Lets talk about Bitcoin in 300 years. Of course we won't
))))
Also. I don't believe that Bitcoin is a bubble , Keep that in mind.
