Please excuse the hyperbole and blatantly sexist pic, but applaud the alligator for having “Good Taste!”. Dutch Treat? (see quote below — See?! Its germain…)
’bout now, is a good time to plant Tulip bulbs, anticipating a payoff of beautiful tulips in the Spring.
Yet, WE should eschew “Tulip Mania” for many reasons, including the hysteria generated once-upon-a-time. http://www.thebubblebubble.com/tulip-mania/
Quote: The Crash
“Like all bubbles, the Dutch tulip bulb bubble continued to inflate beyond people’s wildest expectations until it abruptly “popped” in the winter of 1636-37. A default on a tulip bulb contract by a buyer in Haarlem was the main bubble-popping catalyst and caused the tulip bulb market to violently implode as sellers overwhelmed the market and buyers virtually disappeared altogether. Some traders attempted to support prices, to no avail. Within just a few days, tulip bulbs were worth only a hundredth of their former prices, resulting in a full-blown panic throughout Holland. Dealers refused to honor contracts, further damaging confidence in the tulip bulb market. Eventually, the government attempted to stem the the tulip market meltdown by offering to honor contracts at 10% of their face value, which only caused the market to plunge even further. The brutal popping of the tulip bulb bubble ended the Dutch Golden Age and hurled the country into a mild economic depression that lasted for several years. The traumatic tulip bulb crash resulted in a suspicion toward speculative investments in Dutch culture for a very long time after. (One also has to wonder if this is how the Dutch reputation for frugality arose!)”.
One thing we note, is that a Bitcoin is not a “tangible” asset. Therein lies the “problem”. If you’ve watched gold & silver spot prices for years like I have, you would grok the Obvious Manipulation of the metals. Don’t get me started on the “Markets”.
Anyways, NOW is probably a good time to exit Bitcoin investments, and pocket whatever you’ve got. Because, At-Any-Time, the “interventionists” can Change-the-Rules and you’ll have an IOU Nothing.
Tom may not be your “Best” source for information, but believing in figments controlled by Shadow People are far poorer investments. Count your blessings Now. Tomorrow, they may be profits in someone else’s pockets.