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the difference between bubbles and bitcoin

Category: General

there are a couple of major differences to regional bubbles:

* everyone can buy bitcoin not just from a specific market but the whole world around the clock
* everyone can trade bitcoin against anything else (unlike tulips)
* for everyone who enters bitcoin the value increases as a currency
* there is no reason to sell it because it can be used anytime in the future
* the people who transferred money into bitcoin exchanges are not planning to cash it out quickly and send it back to their bank accounts. they are actually deciding to leave the banking system
* and so on...


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