cbeast
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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January 15, 2015, 02:26:08 PM |
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Plot twist...
The tulip thing wasn't really a tulip thing... it was more about options/futures that had a very cheap 3% penalty to void.... basically a 33:1 longshot bet. With this leverage, market went to moon BUT, nobody really had anything like that amount of money committed, it was all smoke and mirrors.
But even if it was a tulip thing, worldwide "flower" market now 100s of Billions annually, about 2 Billion of that is made on tulips by the good people of the Netherlands today.... it all started back then.
Well said. This belongs in a wiki or a sticky or a FAQ. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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superresistant
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Activity: 2142
Merit: 1121
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January 15, 2015, 06:21:32 PM |
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Plot twist...
The tulip thing wasn't really a tulip thing... it was more about options/futures that had a very cheap 3% penalty to void.... basically a 33:1 longshot bet. With this leverage, market went to moon BUT, nobody really had anything like that amount of money committed, it was all smoke and mirrors.
But even if it was a tulip thing, worldwide "flower" market now 100s of Billions annually, about 2 Billion of that is made on tulips by the good people of the Netherlands today.... it all started back then.
Haha this is so true. The flower market never ceased expanding and the tulip market never been so huge as it is in the 21th century. You have to be dumb to claim that tulip are worth nothing since the 17th century. You have to be Lloyd Christmas from dumb and dumber to claim that Bitcoin will be worth nothing. |
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NotLambchop
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January 15, 2015, 06:45:44 PM |
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Why is my wretched tulip continuing grow? It was supposed to shrivel up and go to zero already!   We were in the hundreds now we're going back up. This is madness, I want my Bitcoinmania dead already!!!  Dumbest thing I ever seen. Here, fixed it up for you a bit...  so it's a touch closer to what's happening IRL...  Protip: When your tulip's shrinking, it's not resting or sleeping--it's DYING  |
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ChuckBuck
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January 16, 2015, 04:34:10 AM |
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Why is my wretched tulip continuing grow? It was supposed to shrivel up and go to zero already! We were in the hundreds now we're going back up. This is madness, I want my Bitcoinmania dead already!!! Dumbest thing I ever seen. Here, fixed it up for you a bit... so it's a touch closer to what's happening IRL... Protip: When your tulip's shrinking, it's not resting or sleeping--it's DYING Sure is taking awhile for these tulips to die though. What if Bitcoinmania is around for another 6 years? What would you say then, Lamby? |
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 16, 2015, 04:46:38 AM |
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Why is my wretched tulip continuing grow? It was supposed to shrivel up and go to zero already! We were in the hundreds now we're going back up. This is madness, I want my Bitcoinmania dead already!!! Protip: When your tulip's shrinking, it's not resting or sleeping--it's DYING The life and death cycle of one tree causes the growth and spread of a mighty forest.  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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NotLambchop
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January 16, 2015, 04:50:04 AM |
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...
What if Bitcoinmania is around for another 6 years? What would you say then, Lamby?
"Back! Back to the grave from whence you came, monstrosity! You don't belong in this world!" |
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cbeast
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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January 16, 2015, 04:51:26 AM |
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...
What if Bitcoinmania is around for another 6 years? What would you say then, Lamby?
"Back! Back to the grave from whence you came, monstrosity! You don't belong in this world!"  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 16, 2015, 04:54:15 AM |
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Here, fixed it up for you a bit... so it's a touch closer to what's happening IRL... Protip: When your tulip's shrinking, it's not resting or sleeping--it's DYING  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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January 16, 2015, 05:01:50 AM |
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ChuckBuck
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January 16, 2015, 02:07:40 PM |
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Can't stop these fucking bastards...  Lamby do something, they won't die!!! |
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fox19891989
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January 21, 2015, 02:50:14 AM |
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Is btc a bubble? I lost almost 10k USD on it, most in altcoin trading, fuck those scam devs, they destroy btc
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VectorChief
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Activity: 56
Merit: 0
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January 23, 2015, 11:19:06 AM |
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Is btc a bubble?
Bubbles can be fun if you know how to use them!  |
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Richard Branson
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January 23, 2015, 11:31:39 AM |
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most in altcoin trading, fuck those scam devs, they destroy btc
Good job! Did you learn something? Except litecoin (and crappy dodgecoin) they offer nothing. It is always a big pump and then to hell with the coin  You can mine every crapcoin that releases and wait till it hits an Exchange -> and then just DUMP for BTC. |
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dratsab
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Activity: 9
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January 23, 2015, 11:50:43 AM |
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most in altcoin trading, fuck those scam devs, they destroy btc
Good job! Did you learn something? Except litecoin (and crappy dodgecoin) they offer nothing. It is always a big pump and then to hell with the coin You can mine every crapcoin that releases and wait till it hits an Exchange -> and then just DUMP for BTC. If you think none of them offer anything except litecoin (and crappy dodgecoin) , then what do litecoin (and crappy dodgecoin) offer? |
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Richard Branson
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January 23, 2015, 01:03:47 PM |
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The did offer something in their time.
LTC was the scrypt and could not be mined with ASICs -> better distribution of the mining power, not as centralized as with BTC ASIC farms.
This changed after the emerge of script ASIC miners.
And Dodgecoin was stupid, but got a lot of media attention. A lot of coins, and some charity was done with it. Nothing serious, but if you mined at the start, you could have made a hefty profit (i did, but only 2 days mining, better return rate than 6 months LTC mining).
Trading with other altcoins is just gambling without insider knowledge.
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okthen
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January 23, 2015, 01:41:53 PM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
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ChuckBuck
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January 23, 2015, 01:46:53 PM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
The beartards keep comparing Bitcoin to the great Tulip crash in the 17th century, "Tulipmania". At one point, I think you could've bought houses with Tulips.  Looks like that had a 4 year life cycle, this Bitcoin on the other hand is year 6 and growing....shit won't die. |
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okthen
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January 23, 2015, 01:49:07 PM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
The beartards keep comparing Bitcoin to the great Tulip crash in the 17th century, "Tulipmania". At one point, I think you could've bought houses with Tulips. Looks like that had a 4 year life cycle, this Bitcoin on the other hand is year 6 and growing....shit won't die. Yeah I understand why they compare the graphs. But it seems just dumb to compare such different assets. Oh well, trolls gonna troll! |
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gkv9
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Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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January 23, 2015, 01:57:40 PM |
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Yeah I understand why they compare the graphs.
But it seems just dumb to compare such different assets.
Oh well, trolls gonna troll!
True... What has Bitcoin to do with flowers? There are even technicals showing that there's still hope that BTC can go back up, so does that mean a dead flower grew and rose again? |
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