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Strategies & Market Trends : Bitcoin -- Ignore unavailable to you. Want to Upgrade?


To: Elsewhere who wrote (863)4/28/2021 1:47:49 PM
From: Elroy  Read Replies (1) | Respond to of 963
 
For Bitcoin to be replaced some kind of breakthrough in physics would be necessary.

Hardly.

If Dogecoin eventually gets a higher market cap than Bitcoin, wouldn’t that prove that while Blockchain is interesting and it’s excellent beautiful computer code, it’s not in and of itself worth anything?

As blockchain coding becomes easier and easier to use, and chain interoperability becomes more and more common, and more easy, and you know, the technology advances so any crypto can interact with and trade with any other crypto.......why is Bitcoin superior to Dogecoin?

It’s not.

And when people realize that, why again is Bitcoin more valuable than any other crypto? It’s not. In fact, it’s less valuable because it’s 80% mined, and that incentivizes all future generations that own zero Bitcoin to use something other than Bitcoin.



To: Elsewhere who wrote (863)4/30/2021 1:05:58 PM
From: Doren  Read Replies (1) | Respond to of 963
 
> There Never Was a Real Tulip Fever

The article you posted says there was:

"That’s not to say that everything about the story is wrong; merchants really did engage in a frantic tulip trade, and they paid incredibly high prices for some bulbs. And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market did fall apart and cause a small crisis—but only because it undermined social expectations."


It just says unnamed sources exaggerated it. That doesn't mean it didn't happen.


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The second link says this:

"Tulip mania was irrational, the story goes. Tulip mania was a frenzy. Everyone in the Netherlands was involved, from chimney-sweeps to aristocrats."

I've never heard that... "the story goes" and it doesn't mean there wasn't a tulip bubble.

Of course there was.

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> For Bitcoin to be replaced some kind of breakthrough in physics would be necessary.

Never said it would be "replaced"... I said that the market will eventually be flooded. In fact there will be superior types of bitcoins.