Let me take you back to 16th century Holland, to the first recorded economic bubble in history. Believe it or not, at the time there was no Bitcoin, Ethereum, or altcoins. In the dutch golden age everyone was going crazy for tulips. Yes, these tulips:

Actual tulips — not tokens.

Apparently this one guy went to Constantinople and came back with one tulip bulb that he planted in his backyard, then he started planting more and more, soon enough neighbors were stealing his tulips and selling them. At some point, everything went bananas and the prices started to skyrocket — there’s record of one transaction in which a single tulip bulb was sold for 12 acres of land. So folks, that’s a bubble.

Now, let’s come back to 2017 — everyone is going crazy for the crypto, and let me clarify: “everyone” means only 0.26% of the world’s population, but yeah, several media outlets are talking about how a bunch of people bought early and are now counting their millions.

Can you spot the difference between tulips and cryptocurrencies? which of the two is built over a technology capable of disrupting every single industry and economy on earth? If your guess was tulips, you should go back to real state investment.

Now, for the ones that guessed right. Let’s analyze why we shouldn’t give so much importance to if this is a bubble or not. Economic and speculative bubbles are a inherent to economies, for an economy to exist, you need a society — a society means human beings, and a bunch of human beings together can do two things: Create amazing things like rockets and penicillin, or follow each other into the most stupid trend e.g buying a pet rock, or trading your lands for a freaking flower.

This is a pet rock. 1.5 million of these were sold in the 70's.

My point is economic bubbles will not disappear, ever. So is it worth so many articles and discussions? I don’t think so. Having said this, there’s something worth discussing: What will happen when the crypto-fever is over? And this is the key to this discussion.

When the tulip fever was over, the human colossus was left with nothing, literally nothing, no progress, just a few more flowers. I’m focusing in society as a whole and not in particular cases, but obviously many folks were left so broke that if they wanted to rub two nickels together, they’d have to borrow one. Now, in the cryptocurrency case, even if it was a bubble, when it bursts humanity will have progressed so much towards a distributed smarter and optimized life, that it will have been all worth it. Many will get filthy rich, many will lose some cash, but in the end, we will have moved forward.

So my advice is that if you’re going to invest your money and time in the crypto-universe, be smart, don’t do what everyone else is doing.

Support the projects you think are going to disrupt the status quo.

You’re gonna see people arguing if ICOs are a scam or not, if cryptocurrency is a bubble or not, and many other discussions that are just not worth the time. If you’re smart enough, while everyone else is going crazy with endless discussions, you’ll be identifying the real opportunities.

ICOs are not a scam, ICOs are just one innovative way to raise funds, your analysis needs to be focused on if what’s behind the ICO is a scam or not. Go after the teams, the solid ones! Read whitepapers, look into their products and roadmaps, you’ll find amazing talent and exciting new ideas and concepts. Those are the ones you need to back.

Let’s change the debate and stop discussing speculative theories. Let’s discuss the course of action for our kids to live in a much fairer world!

For less tulips and more distribution.