Re:Bitcoin Is No Bubble, Says Investor With 30K Bitcoin Stake
by nul_byte on Friday November 10, 2017 @09:54AM
(#15670202)
Tulips are a really bad analogy
The supply of tulips isn't fixed which is the key difference. The whole Tulip bubble came about from a large follow through spike in tulip production flooding the market, until supply inevitably outstripped demand, thereby setting the stage for a market crash. That's can happen to bitcoin, as its a fixed supply.
The supply of tulips isn't fixed which is the key difference. The whole Tulip bubble came about from a large follow through spike in tulip production flooding the market, until supply inevitably outstripped demand, thereby setting the stage for a market crash. That's can happen to bitcoin, as its a fixed supply.