Can we compare Bitcoin with tulips?

[QuynhVu2302]

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.

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[jaythelingly]

How we compare bitcoin with tulip. Because bitcoin is the no1 position in the market. Tulip is way behind from bitcoin and this coin is also very risky for invest. On the other hand bitcoin is the best option for invest.

[Isaythebitcoinbitch]

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.

[olgafox0404]

I honestly would not compare the bitcoins with any crypto currency, especially with tulips, because how one can compare the best and successful crypto currency, it does not lend itself to comparison simply because it's the best and everything!

[Brianlee011]

No I don't compare bitcoin with tulips since I have made a good amount of profit from here. Even I have seen how people are still generating profit. So there is actually no way to compare it with anything.

[Phil2018]

As more and more crypto currencies are evolving rapidly a lot of standard coins have been produced so far. Tulip is one of them. But obviously it can't be compared with the bitcoin.

[CharlyM04]

I think, comparing crypto with previous experiences (gold, tulips, stocks market) is not a good thing. Previous experiences can not decide for the future, history is not a circle. It is maybe good to detect pattern on crypto (Like waves) but comparing to stritly others things is not relevant, everything is different and each bubble has his own rules...

[dohh]

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.

BTC wont also last long. So yes, there are similarities.

[jayveerastrullo]

It think what happened witg the tulip stuff in the history is somwhat similar to what is happening with bitcoin nowadays. But i think it is normal to hold or hide your bitcoin because that is how it works, you let others do the market stuff you wait. Just my opinion.

[bontkoli01]

Tulip phenomenon was a phenomenon during the Dutch age when the price of tulip suddenly increased so much and then it collapsed so suddenly. But there is no comparison of tulip with cryptocurrency. Cryptocurrency is a decentralized virtual coin with blockchain system which often undergoes fluctuations of price.

[East2011]

I think we should not compare bitcoin into tulip. Because they are different. I know many people think that bitcoin is also a bubble. But if bitcoin is a bubble. I think bitcoin i dead by the day.

[Niya]

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 made a good analysis. That's a very weird comparison.

[jeffer8035]

the truth is that there are people who believe that yet and that was an eighteenth century swindler is not comparable to the critics never and in the eighteenth century it happened that because there was no audit and printed and printed shares and sold those flowers as a active which was not only was a live that deceived many people at least in crypto you enter and can leave instantly if you want is not required that you have for a long time is changeable instantly

[availcrypto]

I think we cannot compare crypto with tulips. Crypto do long last, it is used for transactions, it is well programmed and it is the future money.

[timerland]

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.

[annasadia]

The records are tulips are not as vast as the records or the documentations of bitcoins. Tulips are quite common and is not an everlasting thing as opposed to bitcoins. And most importantly, they cannot be used for exchanges like bitcoins. So it is a big no that tulips and bitcoins are not the same.

[Pursuer]

whenever people fail to understand something they try to compare it with other things they know of so that they can explain the unexplainable! and in bitcoin world things like this that have a negative aspect to them tend to be spread fast and easy on the internet because people love FUD.
the fact is there is not a single thing that bitcoin shares with Tulips and that bubble but when you hear bubble (even if you google it) you find bitcoin bubble and Tulips!

if you look past the nonsense and look what is happening in the market you can understand why comparisons like this exist.

[Cabecabean12]

in my opinion, bitcoin should not be compared to tulips, obviously different, because bitcoin is one of the cleanest options to invest, and bitcoin is positioned at number 1 in the market.
thanks

[dothebeats]

The massive hysteria that was present in the tulip mania could be compared to what has happened with bitcoin in its previous run to ATH, and people fail to realize that bitcoin and tulips are entirely different things. On the case of both, they just look at how the boom formed and blew off, but for bitcoin, it has been too many blow offs yet the market is still alive, pointing that bitcoin isn't really that easy to delete no matter how many pumps and dumps appear in its market. It can be utilized greatly, unlike tulips which literally were used as ornaments and fake medicines during its hype.

[dragon491994]

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.