Tulipcoin (tulip mania + bitcoin)
Bitcoin is a cryptocurrency; in 2013, some people believed that the increasing value of bitcoin was a financial bubble, like the tulip mania of the 1600s. The nickname “tulipcoin” (tulip mania + bitcoin) was cited on Twitter on April 2, 2013. “Is tulipcoin a precursor to the coming mania in precious metals?” was a headline on the financial blog Silver Doctors on December 2, 2013.
Wikipedia: Tulip mania
Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.
At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble), although some researchers have noted that the Kipper- und Wipperzeit episode in 1619–22, a Europe-wide chain of debasement of the metal content of coins to fund warfare, featured mania-like similarities to a bubble. The term “tulip mania” is now often used metaphorically to refer to any large economic bubble (when asset prices deviate from intrinsic values).
Wikipedia: Bitcoin
Bitcoin is an open source peer-to-peer electronic money and payment network introduced in 2009 by pseudonymous developer “Satoshi Nakamoto”. Bitcoin has been called a cryptocurrency because it uses cryptography to secure transactions. Digitally signed payment messages are broadcast to and verified by a decentralized network of computers all over the world. Specialized computers use a proof-of-work system to prevent people from copying and spending the same bitcoin multiple times, a problem for digital currencies known as double-spending. The operators of these computers, known as “miners”, are rewarded with transaction fees and newly minted bitcoins.
Twitter
Leonard Ritter
@paniq
Tulipcoin myths, take your pick https://en.bitcoin.it/wiki/Myths
6:52 AM - 3 Apr 13
Twitter
Ethan Heilman
@Ethan_Heilman
Are #bitcoins the new Tulips? http://en.wikipedia.org/wiki/File:Tulip_price_index1.svg … #TulipCoin
8:42 AM - 19 Nov 13
Twitter
armin weihbold
@koyaan5
Invest now in #Tulipcoin while it is still under ground! Prices can only go up! #notabubblereallydontworry
2:46 AM - 28 Nov 13
Twitter
Jack Sears
@pacecar86
@Frances_Coppola @finansakrobat wow - bitcoin one of 37 novelty crypto- currencies. Looks like we need a TulipCoin lol.
1:25 PM - 28 Nov 13
InvestmentWatch
Gold And Silver – Reverse Bubble. Huge Rally When Broken. Note Bitcoin Results.
November 30th, 2013
by Michael Noonan
Gold and silver are in reverse bubbles, if you will, where price has been both severely distorted and suppressed by central banks, the visible tools of the otherwise hidden moneychangers, those on the top of the population pyramid who want to control and enslave the entire world in a totalitarian state of existence.
(...)
Bitcoin is a digital currency, aka a crypto-currency, that has no intrinsic value. For now, it is an anonymous e-currency taking the world by storm. What seems to be the strongest point for acquiring Bitcoin is that it is continually going up in value, and it is momentum, not fundamentals, that keeps carrying the day. It runs the risk of becoming a Tulipcoin.
Silver Doctors
IS TULIPCOIN A PRECURSOR TO THE COMING MANIA IN PRECIOUS METALS?
DECEMBER 2, 2013 BY THE DOC
(...)
Bitcoin is a digital currency, aka a crypto-currency, that has no intrinsic value. For now, it is an anonymous e-currency taking the world by storm. What seems to be the strongest point for acquiring Bitcoin is that it is continually going up in value, and it is momentum, not fundamentals, that keeps carrying the day. It runs the risk of becoming a Tulipcoin.
Twitter
Joseph N.
@JN747
@saraeisenFX let’s try an accurate name: tulipbulbcoin, aka tulipcoin, aka TPcoin for short.
12:48 PM - 2 Dec 13
