Do you believe this?

[Respite09]

In the seventeenth century, the price of tulips skyrocketed in the Netherlands.  Then it bursts like a bubble.  Many investors lose billions of rupees.  The price of Bitcoin is also the latest example of Tulip Mania.  Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

[jackg]

Yeah and?

One of the biggest exporter of tulips afaik is still the Netherlands. They remain a massive exporter of plant goods in general. The dot com bubble crashed around 2000 but the domain sold for the highest amount has sold since then and the record has been set at least 3 times since.

[zasad@]

Bitcoin has a production cost
The number of bitcoins is limited
Bitcoin halving occurs every 4 years
Bitcoin is recognized by major world exchanges and states of the world
The new US president plans to spend $ 1.9 trillion on economic recovery. Who will then trust the dollar as the current world currency?
I believe that a drop in the price of bitcoin is possible if a quantum supercomputer breaks the encryption algorithm and picks up the private keys to the coin wallets.

[RapTarX]

Many people had speculated it as a bubble only and later they had invested in BTC. Nevertheless, you are not forced ro believe what I have said or what others have. All the information is available in the internet. Check out why bitcoin is here to stay. The only point I would like to remind you; bitcoin is a p2p currency which requires no third party to trust.

[boyptc]

Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

Did it just bursted on 2017 -> 2018?

I remember those experts called that bitcoin's bubble by those years had already burst.

[odolvlobo]

You can still buy tulips. Bitcoin has gone through several bubbles already and it is still here, just like tulips.

[hatshepsut93]

Tulips went to the moon and then crashed to the ground, but Bitcoin had many bubbles already, and somehow it keeps recovering from crashes and outgrow the previous highs. It's not like a tulip bubble, this is already clear at this point.

Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

But this was in the past, today less and less experts are having such opinions, and there's a large shift in the minds of institutional investors going on right now, they are starting to view Bitcoin as a legitimate alternative to assets like gold.

[akirasendo17]

you can't actually compare it bitcoin, tulips decay while bitcoin is considered a currency already in some other places, it's like comparing basketball player with the baseball player, those are two different sports same with bitcoin and tulips, for example, I can buy a car using bitcoin, but can you buy a car with tulips? I can but tulips with bitcoin but can't but bitcoin with tulips, sounds confusing right? I hope you understand what I mean, that those are two different things.

[Darker45]

Does anybody still believe this today?

If you cry it's a bubble every time there is a rally in its price but then the price keeps on increasing, and then cry it's bubble again once another ATH is reached, and so on and so forth, no one would believe you anymore. Nothing's bursting, mate!

$1- it's a bubble ==> $10- it's a bubble ==> $100- it's a bubble ==> $1,000- it's a bubble ==> $10,000- it's a bubble... Mate, don't waste time. Gather those fiat and buy Bitcoin now. Let those who prefer to be left behind cry it's a bubble when BTC hits $100,000. We're almost halfway there!

[hd49728]

In the seventeenth century, the price of tulips skyrocketed in the Netherlands.  Then it bursts like a bubble.  Many investors lose billions of rupees.  The price of Bitcoin is also the latest example of Tulip Mania.  Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

Do you see the difference between Tulip and Bitcoin?

With tulip bulbs, you can grow them more and expand your tulip farms. Their number are growing with time.
With Bitcoin, you can not change the protocol and increase its total supply. It was fixed more than 1 decade ago by satoshi nakamoto.

The difference makes bitcoin is exceeding any other assets in the world in demand and in price. Price has ups and downs, bull and bear, rise and correction but bitcoin is unique in the world.

[pooya87]

Many experts have said ~

What makes an expert?
An idiot on the internet with a twitter account trying desperately to fill their short positions that they have placed and make some money?
A corrupt bankster that is scared of losing their power because bitcoin can make them obsolete?

[Lucius]

Does anybody still believe this today?

Of course there are people who believe in such theories. We can divide them into two groups, those who have a very good reason to constantly undermine everything to do with Bitcoin, and those who believe it because they are not very intelligent and are mostly influenced by some personality cult - as we have seen with millions who follow Elon Musk, and they would surely believe it if he wrote that the earth is actually flat.

Here is one interesting fact that clearly shows that it is very easy to convince people of the biggest lie.

It is a curious but remarkably large club: more than 11 million people in Brazil -- seven percent of the population -- believe the Earth is flat, according to polling firm Datafolha. One of the most prominent of Brazil's Flat-Earthers is Afonso de Vasconcelos, a geophysicist with a PhD from the University of Sao Paulo. Vasconcelos is based in the United States, which is also home to a large community of Flat-Earthers. One of them died last week attempting to launch himself more than 1,500 meters (nearly a mile) into the sky in a homemade rocket.

[mk4]

Not sure about you, but there's a huge difference between Bitcoin— a decentralized and censorship resistant form of money/SoV that's being used by hundred thousands of people worldwide; and tulips— a freakin plant.

[mike2077]

I don't think tulips were supposed to replace world reserve currency.

[blckhawk]

In the seventeenth century, the price of tulips skyrocketed in the Netherlands.  Then it bursts like a bubble.  Many investors lose billions of rupees.  The price of Bitcoin is also the latest example of Tulip Mania.  Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

Not gonna lie I read a lot of opinions that Bitcoin was a bubble but look at it now they have probably been investing right now. Tulips cannot be compared to Bitcoin because tulips can grow more while Bitcoin has a finite supply and that is one of the reasons why bitcoin is not will not be a bubble. Every time bitcoin sets its new mark there will be opinions that it is a bubble and it will crash eventually but you know what don't be swayed by them, lets see who will regret not believing in Bitcoin at an early stage.

[DdmrDdmr]

This is an extract thar seems fitting to the topic at hand, from the book Bitcoin Billionaires by Ben Mezrich:

Now that Bitcoin was making headlines and part of the global lexicon, it was no longer being ignored; instead, the laughing part was in full gear and the fighting had begun. Bitcoin was either lampooned as a joke, or lambasted as "dangerous". Skeptics compared it to proverbial bubbles, whether Dutch tulips in the 1600s, the dot-coms of the late 1990s, or the housing market in 2008. But Cameron and his brother didn’t believe any of these analogies applied. Bitcoin wasn’t some perishable flower masquerading as a store of value, or a company whose stock price was out of whack with its economic output, or a highly leveraged second home. Bitcoin was a network, and if there was one thing they understood, it was the power of networks. The more people that bought in, the more valuable it became—Metcalfe’s law, plain and simple. And networks didn’t grow at a slow and steady pace; they experienced viral growth.

The key factor is understanding what Bitcoin and bitcoin are. Bitcoin (capital B) is the network that provides an underlying framework for the development of a whole set of ecosystems that are finance related. As such, this type of network has an immense potential intrinsic value that is not bubble based.

bitcoin (lowercap b) on the other hand is subject to large fluctuations and yes, even speculation before it reaches a more operational stable phase, but it rests upon the Bitcoin network as it’s core tangible asset. That has intrinsic value, and although there is no certainty how long it will roam the earth, nor how it will evolve, it inherently has a large component of trust that id subjacent to any sort of money that around, being that another major asset.

I can’t see a Network nor a Trust component in Dutch tulips …

[Smartvirus]

This is why the bitcointalk forum is a unique learning field because, it introduces you not only to cryptocurrency related concepts but to the economical revolutions that has occurred in the world.
Before hand i knew nothing of Tulip Mania but then, this thread has made me to quickly scan through the concept and from what i understand, it is distinctly different from bitcoin. It wasn't a currency on like bitcoin, it was an exoticism and didn't have a recalls to check and balance its speedy growth. Unlike gold which have managed to persevere to this moment and it is the commodity that could have some correlation to some extent with bitcoin.

[MrcMrc]

This issue of bitcoin as a bubble has long been a thing of contention in the past and even until now. Bitcoin has proven to be the market number one crypto and as a currency not a bubble.

[MyCryptoDomains]

The whole tulip mania happened within a few months in 17th century. Think how fast everything is happening now compared to 17th century because of all the innovation that's taken place. And BTC now is 12 years old.

[Darker45]

Does anybody still believe this today?

Of course there are people who believe in such theories. We can divide them into two groups, those who have a very good reason to constantly undermine everything to do with Bitcoin, and those who believe it because they are not very intelligent and are mostly influenced by some personality cult - as we have seen with millions who follow Elon Musk, and they would surely believe it if he wrote that the earth is actually flat.

Although at the end of the day both groups of people share the same foundation. They don't differ much. The former, who reasons out and develops arguments and perhaps very good reason as you say, will come up with seemingly logical and convincing opinions and propositions. The latter, who are not very intelligent, will make use and cite the former's opinions and arguments. They belong to the same circle.

Well, to their credit, everything is a bubble. So if they argue on that basis, they are probably correct.