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Author Topic: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History  (Read 1329 times)

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Offline thackney

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It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« on: December 12, 2017, 06:33:34 pm »
It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
http://www.zerohedge.com/news/2017-12-12/its-official-bitcoin-surpasses-tulip-mania-now-biggest-bubble-world-history

One month ago, a chart from Convoy Investments went viral for showing that among all of the world's most famous asset bubbles, bitcoin was only lagging the infamous 17th century "Tulip Mania."

One month later, the price of bitcoin has exploded even higher, and so it is time to refresh where in the global bubble race bitcoin now stands, and also whether it has finally surpassed "Tulips."

Conveniently, overnight the former Bridgewater analysts Howard Wang and Robert Wu who make up Convoy, released the answer in the form of an updated version of their asset bubble chart. In the new commentary, Wang writes that the Bitcoin prices have again more than doubled since the last update, and "its price has now gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch Tulip’s climb over the same time frame."...

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Offline Frank Cannon

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #1 on: December 12, 2017, 06:38:47 pm »
Well the gold market is so corrupted where the hell else can you park money out of the govt' reach? This is no bubble. This is the market fighting back against govt'.
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Offline jmyrlefuller

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #2 on: December 12, 2017, 06:41:33 pm »
Looks like I missed an opportunity to make a quick fortune.
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Offline Frank Cannon

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #3 on: December 12, 2017, 06:45:53 pm »
Quote from: jmyrlefuller on December 12, 2017, 06:41:33 pm
Looks like I missed an opportunity to make a quick fortune.

Are you kidding me? There is more upside to this after a panic sell off coming off. If that doesn't work, there are other crypto currencies that are way undervalued right now.
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Offline jmyrlefuller

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #4 on: December 12, 2017, 06:59:44 pm »
Quote from: Frank Cannon on December 12, 2017, 06:45:53 pm
Are you kidding me? There is more upside to this after a panic sell off coming off. If that doesn't work, there are other crypto currencies that are way undervalued right now.
Indeed, and it's certainly something I'm considering... just not Bitcoin, right now. Only an idiot invests at the peak of a bubble.
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Offline Frank Cannon

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #5 on: December 12, 2017, 07:05:29 pm »
Quote from: jmyrlefuller on December 12, 2017, 06:59:44 pm
Indeed, and it's certainly something I'm considering... just not Bitcoin, right now. Only an idiot invests at the peak of a bubble.

Zerohedge has been trying the pimp the idea that the entire world is in a bubble about to burst for at least 8 years.
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Offline Free Vulcan

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #6 on: December 12, 2017, 07:11:09 pm »
Quote from: Frank Cannon on December 12, 2017, 07:05:29 pm
Zerohedge has been trying the pimp the idea that the entire world is in a bubble about to burst for at least 8 years.

As long as interest rates remain low, the bubble will continue for some time.
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Offline InHeavenThereIsNoBeer

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #7 on: December 12, 2017, 07:27:18 pm »
I wonder what percentage of BTC/crypto owners believe it's a new tech that's going to change the future, and what percentage know it's a bubble and are enjoying the living heck out of the ride up.

I want to check out the futures market in a week or three.  In theory, that sounds like a license to print money.
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Offline Idiot

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
« Reply #8 on: December 12, 2017, 07:29:48 pm »
Gonna make a GREAT short at some point....
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