I want my electrons and I want them now!
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Reminds me of the famous Dutch Tulip bulb crash. “ Tulip Bulbs” were a financial asset, 1634-1637, until they suddenly weren’t. FOMO and herd mentality. It is the first recorded financial speculation mania gone bad, suddenly and unexpectedly .
Today we have evolved even lower, intangible electrons on a screen is somehow considered “Wealth”….to each his own.
Bitcoin has already been around for 15 years. And most of what the public “knows” about the tulip madness comes from a single account that was deeply flawed.
Bubbles happen. And bitcoin is certainly volatile. But it is becoming mainstream and its uses are being validated.
I would never suggest what someone should do with their money. But I find most people who turn their nose up at bitcoin quote inaccurate reasons. It’s mostly because they don’t understand currencies or how the banking system actually works. And there are a fair number of people who are frustrated because they think they’ve missed the boat. (They haven’t.)