/biz/ - Business & Finance

>>7338059
meme magic

>>7338059
They had crypto currency back then too ??

>>7338103
kek

>>7338059
never change /human/

>>7338059
The whales gave been at this game for awhile, huh?

>>7338059
How does a fucking flower have a stock price?

>>7338059
just buy the dip

>>7338103
lul

>>7338059
still hodlin

>>7338211
who says they were trading stocks
they were trading tulips

>>7338336
Hahahahahahah cracked me in half

>Hey look at me I watched that Wolf movie and they said something about this Tulip Mania xDDDDD

>>7338059
Have something I made for /his/

>>7338211

The Tulip bubble is the first recorded bubble in history and is taught in economic classes.

Back story: Back in 1636 tulips become a really desired commodity (because of nobility). But within a year everyone got into tulips, and the demand collapsed, effectively popping the price of the tulip.

Read more: https://en.wikipedia.org/wiki/Tulip_mania

POTTERY

>>7338059

Tulips still exist niggas WE HODL FOR LIFE! JUST KEEP HOLDING IT WILL GO UP!

>>7338059
Tulib = blockchen

sell sel slel redard

>>7338423
Why the fuck didn't they just go into the wild and find tulips themselves, or just grow them? How the fuck does a flower cause a speculative bubble?

>>7338538
You can create your own cryptocurrency with about 40 lines of code, anon.

>>7338422
It it's beautiful

>>7338538
Certain rare strains were valuable.

one type that is now extinct went for a year's wages back then.

>>7338538
Maniacal, irrational trading behavior

>>7338575
Yeah but you can use crypto in the real world applications. A flower is just for eating or decoration. You grow flowres

>>7338538
People specifically breed them to have certain colors and characteristics. Think of it as the icon chose for a new crypto, or maybe the white paper

>>7338538
That type of Tulip was not native to the region, so at the start there was a fairly limited supply. And even then it took a while for seeds to reach enough people and then for those to grow tulips to really oversaturate the market.

>>7338705
>Yeah but you can use crypto in the real world applications.

>people dont know that one farmer switched from farming crops to tulips one day flooding the market with tulips thus making them useless

>muh crypto is the same as terrrleeereppssss
kys all of you

>>7338412
>so you got like this guy who ebts on me whos betting on selena gomez and thats the stock market

>>7338705
> Yeah but you can use crypto in the real world applications. A flower is just for eating or decoration. You grow flowres


Blockchain has been around for 10 years.

Please list 3 places you have used crypto technology that isn't speculation or investing related.

It's almost too coincidental to be true

hmmmmmmmm

>>7338059
Just a beartrap
TUPL will go up any day now.

>>7338059
>Exactly 381 years ago -- to this very day.
Coincides pretty nicely with the stock market collapse and the reversal of the crypto correction.

Crypto is the future, stocks are shitty tulips.

>>7338059
>A pretty flower is the same thing as a brand new technology with the potential to change the world as we know it

I'm gonna enjoy becoming a millionaire while all the people who have said it's the same as a tulip bulb scramble to buy up the last scraps of crypto, these sub humans don't even deserve the drippings from the tip of my dick

>>7338059
That's what (((they))) want you to believe.

>>7338129
lol

>they stopped selling because people stopped showing up because they were avoiding the plague

>>7338904
I used it to buy other cryptos.

drugs

and to pay for a hockey ticket to my friend

>>7338914

Here is an academic posting from UChicago.

It did collapse in early February.

Link: http://penelope.uchicago.edu/~grout/encyclopaedia_romana/aconite/tulipomania.html

>>7338707
And you could do that yourself
>>7338740
So...It's a fucking flower.

>>7339007

It's important to remember that the Tulip situation was a bubble. The crypto situation right now has been a bubble (NOT a "correction").

if the stock market falls as sharply as it did when the dot-com bubble happened or the housing market bubble, then the bubble paradigm will apply to the stock market. But as of right now, we aren't to that level yet in stocks, though we are past that point in crypto.

>>7338510
Monica!

>>7338336

Hahahahaha

>>7339008
>potential to change the world as we know it

Yeah, in about 20+ years after the boomer generation dies so you're going to be hodling for a long time with no Lambo in sight. They aren't going to be buying into this new fangled magic meme money that they do not understand and see all the kids using.

>>7338059
Except this is revolutionary tech that does shit??? But ofcourse you're too brain damaged to understand Bitcoin regularly pulls back 40%

>>7338059

>>7339413
what does it do

>>7339046
Congrats. So you basically paid up to 20k for drugs or a hockey ticket.
Imagine if you werent a retard and kept them.

Well a lot people back then did this.
Gues what. No one will do that now. Crypto is here for holding and selling, nothing else anymore.

>>7339398
They'll buy it. Boomers are retarded as fuck and many haven't saved enough for retirement despite having the world handed to them on a silver fucking platter. They'd see this as a "get rich quick" plan and then we can take revenge on them.

>>7339474
blockchain technology is great, but bitcoin itself is worthless and creates no value.

the entire bitcoin market is predatory in nature and serves no purpose other than to make those who understand this richer - it preys on people and will continue to do so.

>>7339413

EVERYONE WHO TALKS ABOUT 'REVOLUTIONARY TECH' MUST READ THIS ARTICLE.

EVERYONE WHO TALKS ABOUT 'REVOLUTIONARY TECH' MUST READ THIS ARTICLE.

EVERYONE WHO TALKS ABOUT 'REVOLUTIONARY TECH' MUST READ THIS ARTICLE.

EVERYONE WHO TALKS ABOUT 'REVOLUTIONARY TECH' MUST READ THIS ARTICLE.

https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100

You guys know that the tulip thing never happened right ? It was a fabricated story made by economists as an example of Speculative bubbles

>>7338059
okay you just keep on selling your worthless coins for lower proices then...

And here I come kingdom of God

>>7338422
8/10, genuinly chuckled

>>7339522
No, they won't. People are stubborn and get stuck in their ways only sticking to what they know or believe. No rich Boomer is going to risk what they spent 40 years working for on this "computer money". Some crusty old farts out there probably still pile cash under the mattress because they still don't trust electronic banking. The upcoming generations will adopt crypto but you're aging parents, the ones with all the equity, won't.

>>7339522
Boomers are behind this crash, they fomoed on the way up and badmouthed everybody that got in before them out of jelly and they panic sold after a 10% dip.

>>7338059
>1636-1637

>>7339413
No it doesn't. It literally does nothing but waste shit tons of energy. So far there isn't a SINGLE legitimate use for buttcoins.

>>7340743
You get encryption in return for the energy.

>>7339484

> Imagine if you werent a retard and kept them.

Oh fuck off.
He literally used Bitcoin the way it was meant to be used.
HODLing is degenerate. HODLing is why when a dinosaur shitcoin dips, the whole market shakes.