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Topic: Ill give you 1 tulip bulb for 6 bitcoins - page 3. (Read 6751 times)

full member
Activity: 190
Merit: 100
April 09, 2013, 12:13:16 PM
#5
And today tulips are a multibillion dollar industry in Holland alone.

Edit - no one ever talks about 'what happend next'

.com bubble ----> google, facebook, twitter, ebay et al.


second. just haters dont listen.
hero member
Activity: 955
Merit: 1002
April 09, 2013, 12:03:50 PM
#4
And today tulips are a multibillion dollar industry in Holland alone.

Edit - no one ever talks about 'what happend next'

.com bubble ----> google, facebook, twitter, ebay et al.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
April 09, 2013, 12:02:59 PM
#3
And? Bitcoin is magical and different. It's a growing snowball - not a bubble. It can't burst.

Mmm. Maybe it is time to sell some BTC for fiat after all... Grin
member
Activity: 98
Merit: 10
Hack the planet!
April 09, 2013, 12:01:13 PM
#2
And? Bitcoin is magical and different. It's a growing snowball - not a bubble. It can't burst.
full member
Activity: 182
Merit: 100
April 09, 2013, 11:58:40 AM
#1
Quote
At the height of the mania, in what seems a complete loss of sanity, the bulbs were deemed too valuable to risk planting by their (formerly) wealthy purchasers, and it became popular to display the plain ungrown bulbs. In at least one instance the plan for safety backfired when a visiting sailor mistook a tulip bulb for an onion, and proceeded to eat it for breakfast.

The height of the bubble was reached in the winter of 1636-37. Tulip traders were making (and losing) fortunes regularly. A good trader could earn up to 60,000 florins in a month-- approximately $61,710 adjusted to current U.S. dollars. With profits like those to be had, nothing local governments could do stopped the frenzy of trading. Then one day in Haarlem a buyer failed to show up and pay for his bulb purchase. The ensuing panic spread across Holland, and within days tulip bulbs were worth only a hundredth of their former prices. The tulip bubble had burst.
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