Quote:
Originally Posted by realcoray
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?
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It's clear that there's a lot to learn about bitcoin, but I'm enjoying the reactions.
"internet people"
Valuation bubbles happen all the time with fads. Bitcoin is emerging right now, but still very much under the radar. It's the antithesis to establishment central banking right now. For that reason alone, it holds great risk as the eye of Sauron looks on. Unless some major 'event' happens, I don't see a mass exodus or devaluation out of using Bitcoin. Either way, it'll be interesting.
Quote:
Originally Posted by GregWeld
Great question! I'm pretty sure that's why this thread was named "Investing 102" rather than "Hey! Let's gamble!"
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Corrections just don't happen in tulip markets
Everything's a gamble. In 2008 many investors lost huge. Now look at the dollar, look at the debt, look at the EU/euro. When the Fed stops pumping, then what?... tick... tick... tick...