3 ms·

Like tulips. Still waiting for the bull market there. https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania

carlivar 4y ago
Yes, I referenced tulip mania to the Coinbase recruiter. It's probably going to collapse worse.
- BonoboIO 4y ago
  Losing everything ... what a nightmare „Taiwanese Ends His Life After Losing $2 Million Luna Investment„ https://coinquora.com/taiwanese-ends-his-life-after-losing-2-million-luna-investment/ https://coinquora.com/taiwanese-ends-his-life-after-losing-2...
anonporridge 4y ago
Fun fact, Tulip mania is mostly a myth. https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-... > So if tulipmania wasn’t actually a calamity, why was it made out to be one? We have tetchy Christian moralists to blame for that. With great wealth comes great social anxiety, or as historian Simon Schama writes in The Embarrassment of Riches: An Interpretation of Dutch Culture in the Golden Age, “The prodigious quality of their success went to their heads, but it also made them a bit queasy.” All the outlandish stories of economic ruin, of an innocent sailor thrown in prison for eating a tulip bulb, of chimney sweeps wading into the market in hopes of striking it rich—those come from propaganda pamphlets published by Dutch Calvinists worried that the tulip-propelled consumerism boom would lead to societal decay. Their insistence that such great wealth was ungodly has even stayed with us to this day.
- ProjectArcturis 4y ago
  "merchants really did engage in a frantic tulip trade, and they paid incredibly high prices for some bulbs. And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market did fall apart and cause a small crisis—but only because it undermined social expectations."

carlivar 4y ago

Yes, I referenced tulip mania to the Coinbase recruiter. It's probably going to collapse worse.

BonoboIO 4y ago
Losing everything ... what a nightmare „Taiwanese Ends His Life After Losing $2 Million Luna Investment„ https://coinquora.com/taiwanese-ends-his-life-after-losing-2-million-luna-investment/ https://coinquora.com/taiwanese-ends-his-life-after-losing-2...

anonporridge 4y ago

Fun fact, Tulip mania is mostly a myth. https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-... > So if tulipmania wasn’t actually a calamity, why was it made out to be one? We have tetchy Christian moralists to blame for that. With great wealth comes great social anxiety, or as historian Simon Schama writes in The Embarrassment of Riches: An Interpretation of Dutch Culture in the Golden Age, “The prodigious quality of their success went to their heads, but it also made them a bit queasy.” All the outlandish stories of economic ruin, of an innocent sailor thrown in prison for eating a tulip bulb, of chimney sweeps wading into the market in hopes of striking it rich—those come from propaganda pamphlets published by Dutch Calvinists worried that the tulip-propelled consumerism boom would lead to societal decay. Their insistence that such great wealth was ungodly has even stayed with us to this day.

ProjectArcturis 4y ago
"merchants really did engage in a frantic tulip trade, and they paid incredibly high prices for some bulbs. And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market did fall apart and cause a small crisis—but only because it undermined social expectations."