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by nul_byte 3136 days ago
Tulips are a really bad analogy

The supply of tulips isn't fixed which is the key difference. The whole Tulip bubble came about from a large follow through spike in tulip production flooding the market, until supply inevitably outstripped demand, thereby setting the stage for a market crash. That's can happen to bitcoin, as its a fixed supply.

2 comments

> That's can happen to bitcoin, as its a fixed supply.

There's endless ways to compute arbitrary numbers.

Wouldn’t the psychology behind the two bubbles be the same?