In February 1637, the Dutch were caught up in ‘tulipmania’. Tulip prices skyrocketed from December 1636 to February 1637, with some of the most prized bulbs seeing a 12-fold price jump. Tulips were not only exotic flowers but a speculative investment, with some wealthy individuals paying for bulbs what they would pay for a comfortable house. Bitcoin rose in a similar manner – and crashed almost in a similar way. But unlike the Tulip Mania, the bitcoin bubble didn’t die but reformed into a new one. The former lived for only three years (1634-1637); bitcoin, on the other hand, has entered its eleventh year already. Bitcoin is the biggest bubble & bust in history. Biggest as up ... If Bitcoin completely revolutionised Money (as if) that still wouldn't be anywhere near the difference the Internet makes. So, Bitcoins are more like tulip mania because almost _everything_ is more like tulip mania. YA Fantasy novels, slogan T-shirts, pizza, marriage, any of these things is more like tulip mania than like the Internet. With so many big names like the famous billionaire investor Warren Buffett calling Bitcoin a “delusion” and comparing it to the tulip mania of 1637, and economists like Nouriel “Dr. Doom” Roubini calling Bitcoin the “mother of all scams” and other derogatory names. Historians generally agree that Holland’s tulip mania occurred between 1633 and 1637. And when the tulip market finally crashed in February of 1637, many investors were “left penniless.” You simply cannot say that about bitcoin investors. Bitcoin, at the current market price of over $7,000, has a single-unit entry point substantially ... In February 1637, tulip bulbs contract prices suddenly dropped, and tulip trade came to a halt. Similarities Between Bitcoin and Tulip Mania Bubble. Bitcoin's trade is also affected by speculation like a tulip bulb; Both Bitcoin trading platforms and tulip bulb trading guilds emerged independently from the state authority Trade Bitcoin CFDs. Tulip bubble collapsed in 1637. By 1636 tulip bulbs became the Netherlands’ fourth top export product (following, if you care, cheese, herrings and gin). Speculation in tulip futures pushed prices higher as people made – and lost – huge sums of money in several hours.
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into flame-like multi-colored stripes. The Dutch prized these patterns. Since tulip bulbs are perennials, the bulbs preserved their uniqueness and perceived value due to a scarcity of the patterns ... Tulip Mania was the first example of derivitives, options and of a stock market bubble.In about 1634, roughly 400 years ago, in the port of Amsterdam experienced the first ever recorded stock ... Like this video? Sign in to make your opinion count. Sign in. 378 22. Don't like this video? ... #cryptocurrency #BAKKT #Bitcoin #altcoin #binance #kucoin #coinbase #ripple #cryptocurrencynews,# ... Holland; 1637; the peak of the Tulip mania. A house cost the same as one single exotic Tulip bulb. Many analysts consider Tulip mania as the first ever economic bubble. Subscribe to keep up to date with more content from Binance and don’t forget to check our other videos at www.binance.vision! Sign up to Binance with a lifetime 10% discount on fees: https://www ... Learn how to use the Basic Interface on Binance in this tutorial video. Subscribe to keep up to date with more content from Binance and don’t forget to check our other videos at academy.binance ... Этот ролик участвует в розыгрыше 1 млн satoshi. Каждый комментарий под ним – это ваш шанс получить свой приз. In 1637 the price of a single lot of ten variegated leaf tulip bulbs reached that of an Amsterdam town house, the equivalent of Euro 2-3 million in today’s money. This was the era of Tulip Mania ... yo its lit. When a tulip bulb cost as much as a house: The Tulip Mania of 1637 - Duration: 12:25. The History Guy: History Deserves to Be Remembered Recommended for you Binance FIAT https: ... #Bitcoin #BTC #Crypto. Category Science & Technology; Show more Show less. Loading... Advertisement Autoplay When autoplay is enabled, a suggested video will automatically ...