I'd rather buy Bitcoin than art, it's easier to sell, transport or store. Better store of value imo.
Plus, I can't afford a Picasso, and never will.

Bitcoin can actually be understood. 
Not sures if all "art" can be.
There is also the matter of utility...

Artists who can market their work so well that people are willing to pay that much for it are geniuses!! haha

arguments have been made that bitcoin is used to launder money. well, in my opinion, art can also be used as a vehicle to launder money. in fact, art is one of the most illiquid asset, and not everybody is willing to throw 450M for a piece of paper that sits in a corner of the living room to collect dust.

Interesting take, I haven’t thought about comparing bitcoin with art prices, but those 2 things are totally different, so I would not think this to be a fair comparison. 

Crypto being a new technology makes it difficult to find a proper comparison, perhaps the internet? Perhaps credit cards? Or both combined? I don’t really know

Can please somebody invest 400 million in one of my pieces? I don‘t really need the money but it would be a nice acknowlegdement 😉

Definition of an economic bubble 

A bubble is an economic cycle characterized by rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior.

[via Investopedia](https://www.investopedia.com/terms/b/bubble.asp) 

You decide for yourself, if BTC fits the description :)

The buyer of the supposed Da Vinci was Abu Dhabian, if not the government itself.  If they aren't the country-icon for tops, we dunno what is.  Are we the only ones that remember them "bailing out" those freaky man-made islands in Dubai?

![](https://i.ytimg.com/vi/atomo4blHQg/hqdefault.jpg)

If you are afraid your crypto is in a  bubble, I invite you to buy my artwork, still at reasonable prices. feel free to inflate them :) I could make them full time then ;) Take a look, you may like it ;)

That's great art and thanks for your Cryptocurrency info @zer0hedge

Good point of view

Great art work picture and Basically, if $450 million for a painting isn't a bubble – why are we so sure that Bitcoin has to be a bubble?

Yeah it is bubble and what will happened with all the investor, they must be crashed from inside too.

Maybe Bitcoin (and blockchains in general) shouldnt be compared with any other thing that we already have.
It is a revolutionary concept, and i dont think anything like It has ever happened.
Compare It to anything else (marketwise) is like comparing cars with boats. They have the same Basic function(transportation), but how, why, and what for are totally different on each of them.
No one would use a boat(except on some specific places) to their daily mobility problems. Also, no one would try to use a car to cross the atlantic sea.
Cryptos is a New beast, and whoever says what exactly is their Future is wrong or lying.
All se have right now is educated guesses.

important topic,i like it . good sharing @zer0hedge .resteemed this post.you can check my timeline

https://freebitco.in/?r=8869745
Hey, wanted to let you know where to get some free Bitcoin.
It's a Bitcoin lottery and you can win up to $200 every hour, there's also jackpot drawing of $500 every week!
You can also mine BTC and they have a gambling section if that's your kind of thing.
Hope this can help you get a little extra in your wallet.
Good luck!

I know that there is an infrastructure that has been built up to support the concept of art as value and one designed to push the price ever higher and it has worked for a very long time. Every few years it seems that there is some unbelievable record setting price at auction, only to be surpassed by some new record.

The art world has also been very smart to create ''entry' level gateways for would be art collectors. These lithographs, sketches, numbered prints are the art world's equivalent of LiteCoin, BitCash, Ripple, Ethereum, etc.

While this is true you can also replicate social networks easily, but in general there is little incentive for users to switch. I expect there will be multiple cryptos that succeed but one will be dominant,You can’t replicate a Bitcoin on the Bitcoin network. You can only make a replica of the Bitcoin network but they are absolutely worthless

Copying/Pasting full texts without adding anything original is frowned upon by the community. 

Some tips to share content and add value:
- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. 
- Linking to your source.
- Include your own original thoughts and ideas on what you have shared.

Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).

If you are actually the original author, please do reply to let us know!

Thank You!

More Info: <a href="https://steemit.com/steemcleaners/@steemcleaners/abuse-guide-2017-update">Abuse Guide - 2017</a>.

Valid point @zer0hedge.

I am not an art expert but I can tell you that it is foolish some of the prices people pay.  Although art does have the scarcity concept but it is sorely lacking in the utility arena.

Bitcoin has the scarcity and there is utility.  Yes there are challenges with the blockchain but there is no doubt that bitcoin is a much better alternative to the banks when transferring large sums of money.  For this reason, I see bitcoin being a player for years to come.

Art, well I would rather have just a print and save the money.  Of course I dont run in the circles where I worry about impressing anyone.

How can you determine if cryptocurrencies are a bubble when they are so different from other assets?

That art bubble is gonna burst some day, I'm telling you.

Just think about how many tulip bulbs you could buy with a bitcoin and feel better.  Thanks for posting this article.