RV: Sorry but Paypal isn't even close to Tulip Mania. You would have been better off buying 3m than Paypal. But Bitcoin is very much similar to the Tulip Mania of the 1600's. While one can not say that one is exactly like the other, there are some things that are the same. 1. Wild speculation especially the last year. 2. No lasting value. ie What are it's asset? 3. Does anyone understand how a Bitcoin works?
Now, Bitcoin could be similar to Paypal in that it is a new way to pay for things although I surely do not plan to use it. But my point is, $20,000 or so for a company that has no assets and was worth $5000 just 3 months ago? Rampant speculation, raise your ugly head. Although not nearly the strain on the market as the housing boom and bust days 10 years ago, do you not see the similarity with back than? When the average investor starts looking at this, it is time to worry.
For you speculators, now is a time to buy as it has dropped over 2,000 in the last 2 days. When you buy your Castle, airplane, yacht, etc take me for a ride, and you can flaunt it all over me.