This is a reference to the medieval Dutch tulip market. http://www.investopedia.com/terms/d/dutch_tulip_bulb_market_...
The same sort of things might be happening with bitcoin. Or, it could have real value because it's an easy-to-use currency.
Is it though? As a US citizen with access to checking/savings accounts, cash, and credit cards:
1. How do I safely buy, store, and sell Bitcoin without getting ripped off somehow
2. Where/how can I spend my Bitcoin? Only online or are there any real stores that take it too?
This is a serious question and one I've never heard a clear answer to. I used to be very into sports betting but the process of legitimately getting money into an account and back out was always a big turn off.
It feels like the same is true of Bitcoin but I'd love to be proven wrong.