Tulip mania vs bitcoin chart

tulip mania vs bitcoin chart

The nature of the crypto-market is often compared to the course of the Tulip Mania during the Dutch Golden Age. However, there are some fundamental. Since its creation, bitcoin has been compared to the historic Tulip Mania—but how accurate was that comparison? Bitcoin is a technology, tulips are plants, and no discerning person would take the comparison much further. Tulipmania, a 17th-century market. CRYPTO CURRENCY INVESTMENT SERVICE

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The answer is YES. We will not see the BTC 60K anytime again so soon. After the BIG sell down yesterday, we are just experiencing some hard bounces. So the swing up can be quite high too. But sooner or later, it will drift back lower. I expect we shall see 34K or lower soon. DYODD, all the best and read the disclaimer too. Thank You!

But people were putting up their homes as collateral , according to the Rijksmuseum -- the Museum of the Netherlands -- in Amsterdam. Speculators were buying bulbs in the hope that they could sell them on at an even higher price. Again, it didn't last. A flurry of sales caused a domino effect, and prices collapsed.

Stephen Innes, head of Asian trading at currency broker Oanda, believes bitcoin bubble could go the same way. Beware of bitcoin's bite: Richard Quest South Sea bubble In the 18th century, shares in the South Sea Company, a British trading firm, soared on expectations it would soon reap bumper profits from trade with South America.

But the big money never materialized. South America was controlled by Spain, which was at war with the British Empire at the time. That made a British trading monopoly in the region unlikely, according to the Encylopedia Britannica. Soon afterward, the shares began to plunge as speculators became sellers. The South Sea bubble's collapse left a trail of bankruptcies in its wake. Where's the skepticism as bitcoin keeps soaring?

Investors had become very bullish on the U. Eventually cracks in the economy started to appear. Related: Bitcoin boom may be a disaster for the environment The crash didn't happen on just one day.