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Re:Bitcoin blow as fund drops U.S. exchange application by shlant on Thursday September 28, 2017 @11:44AM (#15357994)
the fact that you tout the "tulip mania" example shows that Bitcoin and markets are not the only things you know little about:

http://www.smithsonianmag.com/history/there-never-was-real-t...

> BTC is pure insanity that will soon end badly for most "speculators"

> Its happening with BTC now

Join the long line of people that have been saying this for almost 5 years and have been so soooooooooo wrong

Re:Bitcoin blow as fund drops U.S. exchange application by danielahn on Thursday September 28, 2017 @12:00PM (#15358144)
Did you read the article you posted? Actual tulip mania, as described in the article, is much more similar to what is happening in bitcoin than the mythologized tulip mania.

Frantic speculation in a narrow space with the market eventually crashing when speculative buyers are no longer willing to bid up?

Re:Bitcoin blow as fund drops U.S. exchange application by takeda on Thursday September 28, 2017 @12:23PM (#15358376)
What was going for tulips is that they had an "expiration date" bitcoin will probably take longer because there's no such thing.

To me bitcoin lost its appeal after transaction fees became high. The value is ok, since you can still use fractions of it, but current transaction fees and time to wait for confirmation makes it unsuitable for daily use. So in my mind bitcoin already failed what it supposed to provide.

Re:Bitcoin blow as fund drops U.S. exchange application by richmarr on Thursday September 28, 2017 @12:01PM (#15358167)
> Join the long line of people that have been saying this for almost 5 years and have been so soooooooooo wrong

You're overstating your case. They just haven't been proven right.

In such a young, poorly understood, and speculative, environment it seems reasonable to suspect a bubble. 5 years doesn't prove or disprove anything.