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Tulip mania bitcoin


tulip mania bitcoin

would need to have become unhinged from the intrinsic value of the bulbs. Many people worry about the surging market and the soaring price discomfort, believing that Bitcoin might be another tulip mania. Many of the sources telling of the woes of tulip mania, such as the anti-speculative pamphlets that were later reported by Beckmann and Mackay, have been cited as evidence of the extent of the economic damage. Retrieved on July 17, 2008.

41 a b Garber 1989,. . 100 Thompson 2007,. . Not all people appreciate tulips. The bulk of available data comes from anti-speculative pamphlets by "Gaergoedt and Warmondt" (GW) written just after the bubble. By 1635, during the height of Tulip Mania, 40 bulbs were recorded as being sold for 100k florins.

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48 He provided another explanation for Dutch tulip mania. 11 Peter Garber argues that the trade in common bulbs "was no more than a meaningless winter drinking game, played by a plague-ridden population that made use of the vibrant tulip market." 44 While Mackay's account held that a wide array of society was involved. (2005 Irrational Exuberance (2nd. By 1636, tulips were traded on the exchanges of numerous Dutch towns and cities. Although Mackay's book is a classic, his account is contested. Dutch Golden Age during which contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels and then dramatically collapsed in February 1637. Goldgar, who identified many prominent buyers and sellers in the market, found fewer than half a dozen who experienced financial troubles in the time period, and even of these cases it is not clear that tulips were to blame. Version: August 20, 1996. Norton, isbn Pavord, Anna (2007 The Tulip, London: automated forex system trading Bloomsbury, isbn Pollan, Michael (2002 The Botany of Desire, New York: Random House, isbn Schama, Simon (1987 The Embarrassment of Riches: An Interpretation of Dutch Culture in the Golden Age, New York: Alfred Knopf, isbn Shiller, Robert. Retrieved on July 1, 2008. 11 12 Some modern economists have proposed rational explanations, rather than a speculative mania, for the rise and fall in prices.

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