Thread: Investing 102
View Single Post
  #2730  
Old 03-29-2013, 01:00 PM
realcoray realcoray is offline
Senior Member
 
Join Date: Mar 2008
Location: Seattle, WA
Posts: 196
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by Tony_SS View Post
The link comes up empty.. but I'll correct myself, the value of it depends on the user market.. so no, its not exempt from devaluation, but the good news is the users control the value instead of a central bank.
The link is about the dutch tulip bubble, where by dutch people went insane paying thousands of dollars for tulip bulbs, that is thousands of dollars in todays money.

It sounds ridiculous, why would someone pay 2k for a tulip bulb? And that's how it is AFTER something melts down, it sounds ridiculous, even to (sometimes formerly) rich so called smart people.

Have you seen the internet? Do you want the internet people controlling the value of anything you have?
Reply With Quote