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/biz/ - Business & Finance


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File: 4 KB, 255x298, tulip bubble.gif [View same] [iqdb] [saucenao] [google]
11808619 No.11808619 [Reply] [Original]

>"Like all bubbles, the Dutch tulip bulb bubble continued to inflate beyond people’s wildest expectations until it abruptly "popped" in the winter of 1636-37. A default on a tulip bulb contract by a buyer in Haarlem was the main bubble-popping catalyst and caused the tulip bulb market to violently implode as sellers overwhelmed the market and buyers virtually disappeared altogether. Some traders attempted to support prices, to no avail. Within just a few days, tulip bulbs were worth only a hundredth of their former prices, resulting in a full-blown panic throughout Holland. Dealers refused to honor contracts, further damaging confidence in the tulip bulb market."
>Inb4 "mUh 100k EOy"

>> No.11808623

>>11808619
Sauce: http://www.thebubblebubble.com/tulip-mania/

>> No.11808643

taking the bait. compare this chart with btc.

>> No.11808653

CSW said that tulip mania wasn't a bubble because they had real world use. Something about how tulips kill weeds or some shit. Rich people would plant tulips around their castles to keep the weeds and grass out.

>> No.11808669

Tulip never recovered btc has recovered in the past

Its more like the dot com bubble

>> No.11808714
File: 124 KB, 1024x1024, 1542643647957m.jpg [View same] [iqdb] [saucenao] [google]
11808714

>>11808653
Sounds like Bitcoin and Chainlink has as much usefulness as Tulips kek

>> No.11808819
File: 134 KB, 1024x568, 1542612442664.jpg [View same] [iqdb] [saucenao] [google]
11808819

>>11808643
Fundamental analysis > Technical analysis