Bitcoin Bubble & Tulip Bubble are very similar!

TreasureHunter

TreasureHunter

Well-Known Member
Just take a look:
bitcoin_tulip.jpg


The 1634-1637 Dutch "tulip bubble" on the left and the Bitcoin bubble on the right.

I think it's dangerously close to popping. :o

I don't know if I'd enter now (even if I had the possibility), because it's to dangerously similar to a bubble's late phase.
It could pop today, tomorrow, in a week's time... maybe a month later. Who knows?

It's the media and the craze that keeps it pumping. Kind of like the MLM games, pyramidal schemes... The more enter and the more they buy, the better. But it has to explode at some point.

Last Wednesday's dip down to 375 $ was really scary. I wonder if a temporary dip could occur again. :/
 
Yes but if it dips down that low again i think a lot more people will jump on it because not many would sell out at that price and other people would want to increase their bitcoins total.
 
So are you saying we have 3 & a quarter more years of these kinds of gains?
:P
 
willrocks said:
SilverSurfer77 said:
Can't wait till silver's chart looks like that :/
Click to expand...

I'm inclined to cast all my silver into a toilet ... So I can shit on it every day ... Like it's done to me for the past 18 months.

It'd look good in my new house purchased from BTC & LTC.
Click to expand...

This is the real negative sentiment people talk about at bottoms :lol:

I've dumped all mine in an SDB and will (try to) forget about it for a few years. In the meantime, will concentrate on Cashflow properties and shares with dividends. Something I should have done in the first place :rolleyes:
 
willrocks said:
SilverSurfer77 said:
Can't wait till silver's chart looks like that :/
Click to expand...

I'm inclined to cast all my silver into a toilet ... So I can shit on it every day ... Like it's done to me for the past 18 months.

It'd look good in my new house purchased from BTC & LTC.
Click to expand...

So you earned that well from alternative currencies? :D
 
House said:
willrocks said:
SilverSurfer77 said:
Can't wait till silver's chart looks like that :/
Click to expand...

I'm inclined to cast all my silver into a toilet ... So I can shit on it every day ... Like it's done to me for the past 18 months.

It'd look good in my new house purchased from BTC & LTC.
Click to expand...

This is the real negative sentiment people talk about at bottoms :lol:

I've dumped all mine in an SDB and will (try to) forget about it for a few years. In the meantime, will concentrate on Cashflow properties and shares with dividends. Something I should have done in the first place :rolleyes:
Click to expand...

Silver's price could increase on the long term...

I'd like to see Peter Schiff's and Mike Maloney's face if PM's dip lower and alternative currencies rise, the dollar gains etc. etc. :P

I would love to see a serious BTC/LTC dip to get in. Right now I just don't have the guts to get in,... scared of heights ;)
 
TreasureHunter said:
Just take a look:
http://s23.postimg.org/3qvstd87f/bitcoin_tulip.jpg

The 1634-1637 Dutch "tulip bubble" on the left and the Bitcoin bubble on the right.

I think it's dangerously close to popping. :o

I don't know if I'd enter now (even if I had the possibility), because it's to dangerously similar to a bubble's late phase.
It could pop today, tomorrow, in a week's time... maybe a month later. Who knows?

It's the media and the craze that keeps it pumping. Kind of like the MLM games, pyramidal schemes... The more enter and the more they buy, the better. But it has to explode at some point.

Last Wednesday's dip down to 375 $ was really scary. I wonder if a temporary dip could occur again. :/
Click to expand...

Great minds think a like. :D I posted something similar in another thread a few minutes ago.
 
First they ignore you,
Then they laugh at you,
Then they troll you on message boards,
Then you buy a house.

Something like that?
 
Earthjade said:
First they ignore you,
Then they laugh at you,
Then they troll you on message boards,
Then you buy a house.

Something like that?
Click to expand...

Pretty soon you'll be a freemarket libertarian mate! :lol:
 
Oh no, I'd never be a libertarian.
I never thought I would EVER agree with something that Ayn Rand shat onto a page, but this has to come damn close:

All kinds of people today call themselves "libertarians," especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That's worse than anything the New Left has proposed. It's a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don't want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That's the libertarian movement.

So there you go.
But having said that - I do believe in a decentralised free market. There just wouldn't be any place for capitalists in it.
A contradiction, you say? It's amazing how contradictions reconcile themselves over the march of history.
 
God that's awful writing.... like a learner driver grinding gears & bunny hopping at the lights.

By the time you've gotten through all the jargon to the end of the sentence, you've lost track of what she was saying at the start. It's like, I know what its like to be dyslexic, reading Ayn Rand.

I'm sure Rand had some great insights...but I could never get past the stilted cadence of her style... not to mention the venom :(
 
I'm not denying that Rand basically dribbles diarrhoea onto a page, but even a ranting madwoman can have a moment of lucidity.
 
Clawhammer said:
God that's awful writing.... like a learner driver grinding gears & bunny hopping at the lights.
Click to expand...

They weren't her written words, they were answers to questions fielded in forums during a Q&A session, so naturally, the words do not flow as easily.
 
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