“Bitcoins are the tulips of modern times. The mania is not yet over.” http://t.co/0DQGF6uMeW – via @ftcomment
— Financial Times (@FT) January 17, 2014
The bitcoin is a new currency of the internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority. There is no government, company, or bank in charge of Bitcoin.
The current value of the Bitcoin is possibly a bubble. The value goes up and down.
The same situation occurred to the Dutch in the 17th century when they settled down after their bout with tulipomania, wherein the humble tulip bulb began to sell for prices to make New York Realtors blanch.
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