MultiversX Tracker is Live!

Back in 2017, Bitcoin was being compared to the Dutch Tulip bubble in 1636 (the greatest bubble ever) by a hedge-fund manager. Guess BTC is the only asset that can be in a bubble for over a decade…

All Cryptocurrencies

by COINS NEWS 50 Views

Back in 2017, Bitcoin was being compared to the Dutch Tulip bubble in 1636 (the greatest bubble ever) by a hedge-fund manager. Guess BTC is the only asset that can be in a bubble for over a decade…

A small history session for us all here, talking about one of the biggest and most historic bubbles there have ever been, the Dutch Tulip Bulb Market bubble. This is one of the most famous and very likely the biggest bubble there has ever been. Imagine that you could literally buy a whole mansion in the most supreme spot of Amsterdam back in 1636, just by selling one simple tulip bulb (mother bulbs were used to grow tulips quickly). That sounds crazy and it is crazy.

This makes it even funnier that the most historic bubble ever was being compared to Bitcoin back in the 2017 bull market, the Bitcoin mania and hype was so crazy back then that BTC saw a rise from $1k to nearly $20k in the same year. Obviously hedge-fund mangers that missed out would envy that quite a lot…

Article from 2017, comparing BTC to the legendary Dutch Tulip bubble

Here we have one example of a person being so desperate to compare BTC at about $15k to a historic bubble where one tulip could buy you a whole Amsterdam mansion.

And that is not the first time, I am sure that already since 2010 some are calling BTC a bubble and they will keep doing for literally forever, just because they missed out. There are people like us who accept that we missed out and start to accumulate now and then there are those people who are just angry for their whole life that they missed out.

submitted by /u/partymsl
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments