/biz/ - Business & Finance

>>4918919
>Fiat with baked in hyperinflation
>Bonds with no obligation to holder
>'Stocks' with no voting rights

>be 1720
>People were saying south sea stock was a bubble at 200. 1k now. Stay mad for missing the boat faggots. See you at 10k

>>4918967
>be isaac newton
>people are saying to get reinvested and that it can't possibly go down now
>the king himself is invested, this is a sure thing, i'm going back in the market

>>4918919

Holy shit

>>4918919
This is literally Chainlink's chart

>>4918919
Looks like there was a big 8 month window to sell. What's the problem?

>>4919003
>People comparing this to tulip mania
>comparing a stock with actual real world value to flowers
>People can't see that It's Different This Time(TM)

>only 10x
Yawn, we see that almost every week or month.

>>4918919

>>4919112
>>People can't see that It's Different This Time(TM)
People are the same
Greed and stupidity are the same
Nothing has changed
Nothing is different

>find a random graph
>post it on /biz/
>hm makes you thing doesn't it

>>4918919
What about the Tulip mania?

>>4919112
I hope in a few centuries people with no understanding of current technology or markets are even more dismissive of cryptocurrencies than the people today who go "lol why would those retards spend money on flowers"

>>4919521
Those flowers were actually rare and tulips took over a year to grow. Also at the peak, the tulips sold for 10x what an average person made in a year. A FUCKING YEAR.

That means BTC has at least 500k before it reaches the Tulip mania phase being 10x what the average person makes in a year

>>4919392
>Many modern scholars feel that the mania was not as extraordinary as Mackay described and argue that not enough price data are available to prove that a tulip bulb bubble actually occurred.[11][12][13]

>>4919703
Yeah and the value of dot com stocks were the same way right? Each one was x10 the average persons salary?
Christ how dense are you?

>>4919283
denial. my short is comfy.

>>4919703
do you realize that 50k/yr is the average income of americans who are the 1% of the world? the average income of ppl is 8k. you may have merit for arguing it to going to 80k with that logic, but not 500k lmao.

>>4919753
>Gg--g-g-g-g-gguys it's d-d--d-dddiffferent!!!!!

>>4919782
actually, comparing the market cap of dot com stocks to the market cap of bitcoin at .5mil . . . that makes you look like the retard

>>4920096
nobody cares about the turd world pajeet

>>4918919
Bitcoin is deflationary, decentralized, cloud storage for your wealth.

The South Sea Company was premised on the idea that there would be massive ROI in the form of lucrative spices.

People *will* be storing their money in a deflationary cryptocurrency, as long as governments around the world make inflation happen and inflict capital controls

>>4920208
>Cloud storage
kys

>>4920166
ok dude, this is full on denial. my short is comfy.

>>4920115
You mean .5 trillion? Also not all bubbles need to be the same marketcap. The dot com bubble was a mix of companies from many different fields. Bitcoin fails at the ONE thing it was meant to do.

>>4918919
>Almond status: activated

>>4920360
bitcoin was meant to be secure and immutable. everytjing else is secondary. that hasnt changed. hype always gets ahead of progress.

>>4920298
Looking forward to see your future liquidation.
Please post your bitmex REKT post here in the future.

>>4919354
this is the only reason why i think bitcoin is gonna detonate itself