Mania comparison bitcoin has
Naga has officially. Off in its corner of the financial universe, bitcoin has been providing fireworks yet again, drawing oohs and aahs from traders who have moaned about the s&p 500s lack of volatility. I usually dont pay much attention to all negative comments, but since i have some extra time today and nothing better to do. The mass-market campaign made sense because bitcoin a digital currency created by geeks that very few people understand has become the investment nearly everyone is talking about.
Bitcoin price posts biggest weekly candle, earns tulip.
Is the bitcoin boom about to turn into one of historys biggest busts? Zmudzinski bitcoin not moved. Madame tussauds unveils wax figure of ed sheeran alongside celebrity lookalike u. According to critics bitcoin has no underlying value and speculation therefore is based on nothing but air (the bubble).
Why bitcoin is not a scam lottery bubble tulip mania whatever so, another thread has hit rall and brought another influx of people new to bitcoin. The digital currencys massive surge this year -- its up more than 1,400-- has all the hallmarks of a huge speculative. Is there any merit to this comparison? People are comparing bitcoin to the 17th century dutch tulip craze more and more frequently.
Comparing bitcoin to tulip mania should we be scared.
Virtual currency bitcoin has officially become the largest bubble in history, eclipsing the notorious tulip mania, the speculative bubble that shook the dutch economy before it collapsed in 1637. I will analyze the causes and catalysts of the tulip mania and. Nikhom soon there. In my point of view critics however do not take all the important elements in.
Also bitcoin has exponential growth in a short timeframe which, like during the tulip mania, is based on speculation. San francisco when you talk to tech industry insiders about where bitcoin is heading, two vastly different comparisons are inevitable the tulip bulb and the internet. Ubs chief global economist paul donovan has compared bitcoin to the netherlands 1600s tulip crisis, but noted he was a fan of blockchain technology. Bitcoin has earned a comparison with tulip mania as its rise sees mainstream media struggle to come up with new metaphors.
Blocktrail launches developer platform. Seen since early march. Somewhere i understand the comparison between the tulip mania and bitcoin. South african president jacob zuma announces his resignation.