Yeah... I do think crypto is a bubble, but at the same extent Fiat is one too... The only thing is that we compare crypto with Fiat, while Fiat is only compared to itself...
Maybe, in the long run, everything is a bubble that will pop at some point, could be.
So far, what has been called out by the old system believers, that Bitcoin and Cryptocurrencies were going to pop like a soap bubble, did not happen.
Fiat money looks to be on the verge of a splash. The so called 'great reset' seems to announce the crash of it.
Cryptocurrencies might dip, but in te long run they are still moving in a clear path upwards. When fiat money crashes, cryptocurrencies will be denoted in BTC, I think.
Point of the chart: lots of bubbles plopped, Bitcoin has been declared dead, or a bubble, so many times it has become unbelievable.
Will it pop one certain day? Probably one day in the far future. But I do not think I'll be still here to live and tell. And then something else will have replaced it, long before it ends.
But now? No, I do not consider it a bubble at all. Not for a long time.
A Tulip is a flower. During the Tulip-Mania,17th century, they were sold for crazy prices in the Netherlands. It basically lasted two years: 1636-1637.
Yes, seems it was the first known speculative bubble. One known sell was for Fl. 2.500,- {NL: Gulden Florijn} would be about € 1.134,46 or 0,02832523 BTC. For 1 Tulip 🌷 bolb that is...
And back then 2500 Gulden ment a lot of purchasing power.
Those who still talk about a Cryptocurrency bubble really suffer an extreme case of cognitive dissonance syndrome.
Love the chart! 😎👌
Posted via D.Buzz
Yeah... I do think crypto is a bubble, but at the same extent Fiat is one too... The only thing is that we compare crypto with Fiat, while Fiat is only compared to itself...
Posted via D.Buzz
Maybe, in the long run, everything is a bubble that will pop at some point, could be.
So far, what has been called out by the old system believers, that Bitcoin and Cryptocurrencies were going to pop like a soap bubble, did not happen.
Fiat money looks to be on the verge of a splash. The so called 'great reset' seems to announce the crash of it.
Cryptocurrencies might dip, but in te long run they are still moving in a clear path upwards. When fiat money crashes, cryptocurrencies will be denoted in BTC, I think.
Point of the chart: lots of bubbles plopped, Bitcoin has been declared dead, or a bubble, so many times it has become unbelievable.
Will it pop one certain day? Probably one day in the far future. But I do not think I'll be still here to live and tell. And then something else will have replaced it, long before it ends.
But now? No, I do not consider it a bubble at all. Not for a long time.
Hmmm... What is Tulip?
Posted via D.Buzz
Referring to the "Tulip Mania" that happened in 1636 in Holland, one of the best documented examples of an early bubble market :
https://en.wikipedia.org/wiki/Tulip_mania
Posted via D.Buzz
A Tulip is a flower. During the Tulip-Mania,17th century, they were sold for crazy prices in the Netherlands. It basically lasted two years: 1636-1637.
More info:
https://en.m.wikipedia.org/wiki/Tulip_mania
Wait, they sold flowers for crazy prices? People joined in into the bubble too?!!
Posted via D.Buzz
Yes, seems it was the first known speculative bubble. One known sell was for Fl. 2.500,- {NL: Gulden Florijn} would be about € 1.134,46 or 0,02832523 BTC. For 1 Tulip 🌷 bolb that is...
And back then 2500 Gulden ment a lot of purchasing power.