Ill give you 1 tulip bulb for 6 bitcoins - page 3.

thomashrev89

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Quote from: dancupid on April 09, 2013, 01:03:50 PM

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.

dancupid

hero member

Activity: 955

Merit: 1002

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.

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Quote from: MaTachi on April 09, 2013, 01:01:13 PM

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

MaTachi

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Merit: 10

Hack the planet!

And? Bitcoin is magical and different. It's a growing snowball - not a bubble. It can't burst.

Stampbit

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Activity: 182

Merit: 100

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.

Topic: Ill give you 1 tulip bulb for 6 bitcoins - page 3. (Read 6656 times)