Quote:
Originally Posted by dino7c
2017 called they want their joke back
Imagine still making this comparison
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You might want to see a specialist if you believe years are calling you.
- Item with limited use gains value
- People acquire item with intent to future sell for profit
- “Value” rises as buys over sells rise as “value rises” as buys over sells rise...
- Situation makes news
- Tulip growers, fertilizer producers, flower pot makers, transporter industries etc. all expand and make hay
- Population panics to get in on the speculation train before missing out on worthwhile multiplier
Bitcoin fanboys try to convince themselves it’s different by coming up with storylines like:
- Government is horrible, we must break away
- Financial institutions are evil (they are relatively but that’s no valuable reason to break up the Bitcoin-Tulip comparison)
- Holding large amounts of fiat is bad (no one does this anyway)
- Bitcoin will become the global payment method, and everyone worldwide will turn in their fiat for Bitcoin...(lol, how?)
- Bitcoin’s last sale price will rise for infinity (Narrator: it didn’t)