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Author Topic: Can we compare Bitcoin with tulips?  (Read 329 times)
dragon491994
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June 29, 2018, 10:23:52 AM
 #21

They compared the tulips with the most comparing market sentiment, the new and those with weak knowledge often followed the crowd and had psychological panic when the market went down.
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June 29, 2018, 10:43:25 AM
 #22

Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:

First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.

Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.

Can not compare crypto with tulips.

I think the comparison arises when tulip prices started to rise similar to what we have seen in bitcoin. However, the problem is that all people can just grow tulip in their backyard causing the dramatic fall. For bitcoin though, yes the price fall from $19K to $6K, but it doesn't mean that we can't bounce back, because the supply is limited, unlike tulip wherein anyone can have it by just growing in their own back yard very easily.

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sakahayang
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June 29, 2018, 10:49:21 AM
 #23

Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:

First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.

Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.

Can not compare crypto with tulips.

You should already know the difference between Bitcoin with Tulips, so you will not compare Bitcoin with Tulips.
Of course Tulips has many flaws compared to Bitcoin. Tulips is a failed product, which we can not use, so Tulips is now dead and not used by others anymore.

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June 29, 2018, 10:55:01 AM
 #24

It's just two incomparable things. Tulips are just things that look nice and didn't have any sort of utility within the economy, while bitcoin is an actual currency that can be used and bring benefit to many people.

I understand that people are trying to look at bitcoin in the same light as tulips due to its 2017 bull market and whatnot, but it's just completely different.

Bitcoin can be much better compared to gold. Gold has its bull and bear markets, so does bitcoin. Both of them are useful forms of currency, bitcoin more so than gold. That's where their fundamental value comes from. Tulips do not perform the role of anything. Besides, the supply can be easily manipulated, while there is a limited supply with BTC.

That's Tulips, it's worth it Tulips died because it is useless and can be dangerous for investors. different with Bitcoin many investors who invest money to Bitcoin, its users were not made anxious and always given ease in using it. More useful Bitcoin than Tulips

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July 02, 2018, 05:43:50 PM
 #25

It is not possible to compare the tulip bubble with the Bitcoin bubble, because the fact that Bitcoin has been able to recover from many price rises of many markets, despite the anticipation of Bitcoin's non-supporters that the price will be go back.  Moreover, what critics do not acknowledge is that electronic money has a myriad of uses, and more and more. On tulips, it can only be used in some cases and is clearly defined, and the use of tulips is not a cause for its rapid increase. In contrast to Tulips, adoption of Bitcoin is a global phenomenon driven by true revolutionary technology.
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July 02, 2018, 06:06:09 PM
 #26

Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:

First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.

Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.

Can not compare crypto with tulips.



This is a fun read. Even though this is a bit old, still is very interesting.

https://www.cnbc.com/2017/12/07/bitcoin-has-gone-beyond-the-absurdity-of-tulip-bulb-mania-dennis-gartman.html
Eric Medeiross
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July 02, 2018, 06:35:28 PM
 #27

Tulip and Bitcoin bubble are two different cases although they have the inflated price in common. Tulip doesn't bring as much advantages as Bitcoin does. Bitcoin has by far more applications and is much more sophisticated. Thus, bitcoin are of high potential compared to the other. Accordingly, Bitcoin is more likely to recover while Tulip will never.
Kprawn
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July 02, 2018, 06:42:32 PM
 #28

The whole Tulip bulb thing was a Urban legend and something that was conjured up and hyped up by the media. It was never

as big as was published in the media. Yes, it did collapse and people lost money on a commodity that was clearly over valued,

but how did that commodity change the world? How disruptive was that to other industries? Bitcoin has many uses and it can

function as a cheaper alternative to the current financial instruments, which makes it ground-breaking and also disruptive.

This is what puts it in a whole other league than other commodities.  Grin

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July 02, 2018, 11:40:35 PM
 #29

Yes you are right. Bitcoin is way different from tulip. Comparing it with tulip is a age old concept and during that time maybe it was applicable. But for now such comparison is really invalid.
Donald Regoo
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July 05, 2018, 03:22:40 PM
 #30

My answer is definitely "no, we can't". Bitcoin operates by Blockchain - the future technology, meaning that it's constantly developed and of high utilities. It has potential ability to change the world. Thus, it is likely to go up again. At the same time, tulip never changed itself and actually, it has neither high utilities nor missions to change the world. Therefore, once its price plummted, the chance the price regained was zero.
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July 05, 2018, 03:54:58 PM
 #31

for me bitcoin can not be compare with other coins, they can only increase in value base on the project which they are embarking on. since i was introduced to the crypto world i have not seen any project which coin has been compare with that of the Bitcoin, even Eth itself can not have such dream, except it is in years to come.

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July 05, 2018, 04:26:25 PM
 #32

What's want compared between bitcoin with tulips like? If talk about investation and bubble of Bitcoin, it's the same as tulips. Speculation of investment products is no longer supported intrinsic value. Brokers and fund managers remind customers and the public about the intrinsic value of Bitcoin. If we buy gold, the price of gold will be supported by the intrinsic value obtained from the production cost of mining gold ore, until it is processed into pure gold metal.
Likewise with silver and other commodities. Conversely Bitcoin is just a "ledger" in computer algorithm block chains. So difficult to accept the mind of someone, who dared to buy 1 piece of Bitcoin for 11,925 USD.

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July 05, 2018, 04:39:07 PM
 #33

Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:

First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.

Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.

Can not compare crypto with tulips.
I think sa similarity of bitcoin to tulips at the old times is because their both investments. But the nature of each of this investment is very dissimilar and wheb we compare we should compare apple to apple if not then i think there is no need to compare at all.
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July 05, 2018, 04:46:52 PM
 #34

I think that there is no sense in such comparisons because btc is the best one ever being the most reliable coin compared to others. It has a good reputation due to the smart technology it is based on. I think tulip is risky

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July 05, 2018, 04:48:32 PM
 #35

For me we can't compare bitcoin with tulips. There are far different in both parties. And actually bitcoin is really have big different from tulips whether we like it or not. Although good to invest but still not compatible to compare.
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July 06, 2018, 11:59:22 AM
 #36

in a certain sense yes...
the tulips bubble was much bigger than Bitcoin bubble.
because yes guys! going from 20k to 6k is just few months means we were in a bubble.
but bitcoin is a technological advance, tulips were tulips and remain tulips...
Bitcoin will recover to its previous ATH. Tulips will never recover their ATH.
so don't worry too much about it. It always happens with new technological things like internet and bitcoin.
so, it's better compare BTC to dot.com bubble instead of tulips bubble.

I would also agree With your point of view that Bitcoin is a coin that is based on speculation in a high degree of risk that can all resemble a soap bubble. The system of the market currency based on an artificial increase in the price of bitcoin. Many exchanges use bots that are known to exhibit the necessary orders for sale and purchase, thus increases the currency's rise or fall.

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July 06, 2018, 03:59:49 PM
 #37

Yes, Bitcoin itself has two core uses: as a transaction currency used to purchase or accept payment and store value.
Looking back on tulip bubbles, tulips are used similarly to a currency and are a valuable hoarding asset but their value is extremely fast and evaporates as fast.
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July 06, 2018, 04:16:57 PM
 #38

Tulipmania is a typical example of a price bubble, and critics have been constantly referring to the Bitcoin bubble for many years. With Bitcoin's long and vicious downturn since its peak in December 2017, many have argued that Bitcoin is the next generation of Tulip bubbles.
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July 06, 2018, 04:41:11 PM
 #39

Yes, Bitcoin itself has two core uses: as a transaction currency used to purchase or accept payment and store value.
Looking back on tulip bubbles, tulips are used similarly to a currency and are a valuable hoarding asset but their value is extremely fast and evaporates as fast.

Bitcoin is much more than just a transactional currency and a store of value. Bitcoin is a network. The more participants in the network the higher the price. This is known as the network effect. Bitcoin and tulips cannot be compared at all. Might as well be comparing Tulips and the internet. There is no value on the internet until Bitcoin came to fruition. For the first time value can literally be stored on the internet. This is a huge deal, tulips are just tulips and that's it.


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July 06, 2018, 05:20:51 PM
 #40

Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:

First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.

Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.

Can not compare crypto with tulips.



We cannot really control what people will say about bitcoin. Good or bad, we can never tell as we are all entitled for our own opinion.
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