| Rothhammer1 |
| (.400 member) |
| 15/01/21 05:53 AM |
|
Re: Expensive used Lyman 36
|
Quote:
Tulipmania...Tulip mania was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, and then dramatically collapsed in February 1637. It is generally considered to have been the first recorded speculative bubble in history.
That's how I feel about 'Bitcoin' and other 'crypto currencies'.
When I mention the tulip boom and bust of the 1630s, most people have no idea of that to which I refer. Vast fortunes were made and lost and Holland was plunged into an economic depression.
There have been, of course, other boom and bust scenarios involving indigo (for dyes), railroad stocks, the 'panic' of 1873, stock market crash of 1929... .