RE: Bitcoin (BTC) Morning Update: The Final Dip?
It's not realy a tulip bulb because of the technology, the decentralised kind of money and also the ideology behind it. There is a sort of 'bulb' effect in crypto, called hurry up and wait, the tulip bulb was a hurry up and crash because there is nothing special nor new in a flower, its not a potential game changer (I mean there are a lot of flower, all flower are beautiful, but tulip is just a plant, not a new way of using money/store of value/way of exchange other coins).
There is also a lot of manipulation in price (like p&d, big hedge fund and banks that want to buy cheap and make money with volatility, etc.) that makes crypto SEEMS a tulip bulb, but the blockchain is the real difference that makes cryptos unstoppable (and BTC is the first mover and by far the biggest market cap).
I don't think it has anything to do with being centralised or not? I don't even think you understood the question. Clever though, you are right a tulip is a plant but what has that got to do with the question? lol.
I follow another guy who knows about hyperwaves who is very bearish, suggesting BTC could go to 4000 or lower. @Haejin in his TA has shown the 2013 BTC hyperwave but suggests it as a fractal similar to the current chart pattern, and suggests it could be 1 of 3 fractals higher, so opposing perspectives. So it would be interesting to know what they think of each others perspective re where BTC is going. I would put up a link to whom I am talking about but if people are interested search Tyler Jenks Hyperwave. do your own research!