crapto is dutch tulips all over again

[Anonymous No.26462630]

It was at that time that professional traders ("stock jobbers") got in on the action, and everybody appeared to be making money simply by possessing some of these rare bulbs. Indeed, it seemed at the time that the price could only go up; that "the passion for tulips would last forever."
People began buying tulips with leverage - using margined derivatives contracts to buy more than they could afford. But as quickly as it began, confidence was dashed.
By the end of the year 1637, prices began to fall and never looked back. A large part of this rapid decline was driven by the fact that people had purchased bulbs on credit, hoping to repay their loans when they sold their bulbs for a profit.
But once prices started their decline, holders were forced to liquidate - to sell their bulbs at any price and to declare bankruptcy in the process.

[Anonymous No.26462660]

Everything is in a bubble now promoted by the decline of fiat. No point betting against anything until the money printer stops

[Anonymous No.26462721]

The difference (I hope) is that none of us are leveraged.

[Anonymous No.26462796]

>>26462721
>none of us are leveraged
you must be joking nigga

[Anonymous No.26463117]

Who the fuck cares. Either I keep my money in the bank and let the kikes profit of it, or I yolo it on some shitcoin and maybe buy a house

[Anonymous No.26463728]

tulips craze wasn't even real u dumb faggot