Bitcoin mania is now worse than Tulip bubble

Discussion in 'Crypto Assets' started by RedDuke, Dec 7, 2017.

  1. decentralized? Uncle Sam seems more trustworthy than a murky sinoamerican cartel of a dozen miners.
     
    #11     Dec 7, 2017
  2. NeoTrader

    NeoTrader

    That's the thing about competition... There are many options... There is no monopoly or cartels...
    The opposite of your beloved government...:D
     
    #12     Dec 7, 2017
    VPhantom likes this.
  3. mnevis

    mnevis

    It seems indeed like a bubble or a better term for it Punzi Scheme. The first who were there make most of the money. It is the same in any city, any industry. Soon or later the illusion will vanish, people will suffer from their own greed, until most of things will become back to normal.
     
    #13     Dec 10, 2017
  4. SunTrader

    SunTrader

    The mania is all the sour grapes from tulip talkers.
     
    #15     Dec 10, 2017
    johnarb likes this.
  5. Humpy

    Humpy

    Kids are betting their pocket money............
    It is creating a new social revolution.
    Criminals are loving it.
    The rush to mine " nothing " may break the electricity grids and create more extra pollution than the US

    That's people for ya

    About time the politicians squashed it.
     
    #16     Dec 11, 2017
  6. maxinger

    maxinger

    It is perfectly ok to have mania.
    What is totally unacceptable is not to profit massively from the mania.

    Similarly it is perfectly OK to have huge bubble burst.
    What is totally unacceptable is not to profit massively from bubble burst.

    It is OK to miss profiting from the mania.
    You have one more last last chance.
    Market is always kind enough to give us second chance.
    Better don't miss profiting from the bubble burst.
    Because if you miss, then it is seriously really no hope.
     
    Last edited: Dec 11, 2017
    #17     Dec 11, 2017
  7. SunTrader

    SunTrader

    Ya in ya crypto safe room r ya?
     
    #18     Dec 11, 2017
    Cuddles likes this.
  8. NeoTrader

    NeoTrader

    Even after the soviet block colapsed, governments and politicians of countries that were part of it, prohibited the US dollar... That didn't work out at all for them...
    Today, cryptos are taking the place of the dollar at that time in an analogous situation...
    You communists, government-adoring people, are in for a big surprise... If there is demand, there will be offer... Every single time politicians and governments try to forbid or regulate something, it doesn't work out and it usually has the opposite effect... History is crystal clear on that.
    No reason for that to change...
    Bitcoin may be a bubble, maybe not... It may loose a lot of it's current value in the short run... It may even collapse and cease to exist... Or it may keep going higher and higher... None of this is relevant...
    There will always be other cryptos... And there is nothing that politicians can EFFECTIVELY do to stop it... They will try, for sure... But a private person's ingenuity will always be smarter then dumb government officials, because the former has the incentive to inovate and get better, the latter has the incentive to keep being stupid... That, in the long run, will always prevail...:D
     
    Last edited: Dec 11, 2017
    #19     Dec 11, 2017
    themickey and SunTrader like this.
  9. Humpy

    Humpy

    Anyone got a translation for that ?
    Must ask the next 10 year old.
     
    #20     Dec 11, 2017