|submitted by followthecoin to Bitcoin [link] [comments]|
As of this morning the value of digital currency Bitcoin soared to around $644 (approx. £400). This rocketing in valuation makes an individual Bitcoin worth more than an Apple share price, prompting many economists to compare its rise to the ‘Tulip Mania’ of the 1930’s Netherlands. Tulip Mania? For those, like most of us, who aren’t […] Bitcoin could be the tulip mania of the 21st century with the development of a textbook bubble that could be setting itself up for an eventual crash. But, there’s another similarity to the Dutch tulip story that often is overlooked, and that actually provides a bullish outlook for the – blockchain – technology. If this sounds an awful lot like the 2008 financial crisis, it’s because it is. Then, the asset was houses, but it was far from the first economic bubble. The first, and undoubtedly the most famous bubble is that surrounding tulips during the 1630s in the Netherlands. You may know it as “Tulip Mania”. Why Tulip Mania is the Wrong Comparison to Crypto Tulip Mania was a speculative price bubble in the Netherlands during the 1600’s. People flocked to buy futures contracts for tulips, sometimes even trading tulip bulbs up to 10x per day. Source Peo... It just strikes me as odd because the same thing that caused tulip mania happened here. But I am not referring to bitcoin. I am referring to the fact that none of the 26 people who commented here were any more aware of why tulip mania happened than someone paying thirty times the salary of an average skilled tradesman for a tulip back then.
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SUBSCRIBE ! for videos on finance, making money, how to invest and creative ways to acquire passive income ! After 10+ years of investing and saving, I'm here to pass the knowledge onto you ... Jamie Dimon, JPMorgan chief executive, says the enthusiasm for bitcoin is worse than Dutch tulip mania in the 1600s. But is the comparison between the two fair? But is the comparison between the ... hello guys iss videome maine bitcoin bubble ki baat kiyi hai aur uske 3 reasons bataye hai ki bitcoin crash kyu ho sakta hai plus maine tulip mania /tulip bubble aur dotcom bubble kibhi baat kiyi hai This video covers the accusation that Bitcoin is nothing more than a speculative bubble, and its comparison to things like "Tulip Mania." Sentdex.com Faceboo... A demand and supply analysis of Bitcoin by David Carr and Timothy Armour from AGSM Executive MBA Economics in Management Practice (August 2017).