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/biz/ - Business & Finance

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3292792 No.3292792 [Reply] [Original]

>Come in all different shapes and colors
>Price can only go up

T W E N T Y

O N E

M I L L I O N

A L T

C O I N S

>> No.3292897

sure, every thing goes up, and every thing goes down, thats how MARKETS WORK fuck face. Fortunately Bitcoin has actual usage a in you can BUY stuff with it and its revolutionary tech.

>> No.3292920

>>3292792
muh prettey flowers just like coins

>> No.3292932

>graph ends
I can still buy tulips though.

>> No.3292956

you have autism we get it

>> No.3292986
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3292986

ICOs raised more money than all venture capital this year.

The ability to fund capital a business via an ICO is an incredibly value technology, and has many advantages over traditional venture capital, and for this reason cryptocurrencies are not going away.

>> No.3293017

>>3292932
https://www.ftd.com/33952/rush-of-color-assorted-tulip-bouquet-prd/FMTP/?cvosrc=PLA.Google.FMTP&gbb=FC70NV

$34 dollars

1 florin = 7 grams of gold
price of gold per gram = $42.43

Goods allegedly exchanged for a single bulb of the Viceroy[35]
Two lasts of wheat 448ƒ
Four lasts of rye 558ƒ
Four fat oxen 480ƒ
Eight fat swine 240ƒ
Twelve fat sheep 120ƒ
Two hogsheads of wine 70ƒ
Four tuns of beer 32ƒ
Two tons of butter 192ƒ
1,000 lb. of cheese 120ƒ
A complete bed 100ƒ
A suit of clothes 80ƒ
A silver drinking cup 60ƒ
Total 2500ƒ

>> No.3293044

>>3293017

interesting stat, why is it that most depictions of the bubble in chart form (such as OP) do not seem to depict the rise in prices in such a dramatic fashion?

2500 florins x 7 grams each x 42.43/g is like 750k

>> No.3293058

>>3292932
Actually the market crashed so hard those tulips went extinct.

>> No.3293060

>>3293044
Sorry I was using the wrong definition of florin --
coins from that era had the same name and were often very different things :^)

According to the International Institute of Social History, one florin had the purchasing power of €10.28 in 2002.

>> No.3293065

>>3292792
Someone traded their HOUSE for a fucking tulip. When someone trades their house for a single Bitcoin than we'll have reached Tulip-Mania.

>> No.3293082

>>3293065
Land was relatively less expensive back then, even in Yurp.

>> No.3293084

>>3293060

hmm so 2500f is approx 25k euros as of 2002

I only wonder because I've long contested that bitcoin's price rally is the strongest of any asset in all of human history (sub 1-penny to 4750 USD) and I've tried to find accurate depictions of other historical bubbles for comparison's sake.

>> No.3293163

>>3293084
Approx 30% more today because of inflation so approximately 33k euro.

>> No.3293173

>>3293163

question is what is the baseline starting price of the bubble in those same 2002 euros.

>> No.3293241
File: 271 KB, 800x800, 1500295065705.png [View same] [iqdb] [saucenao] [google]
3293241

ITT: Defensive retards who has no faith in cryptocurrency.

>> No.3293281

>>3293241
Which one of them?

>> No.3293326

Crypto been round longer than three years bud
the time line for fads in the 21st century is not even a month

Think about it