The Real Story Behind the 17th-Century ‘Tulip Mania’ Financial Crash

In manias, it is never the item itself that has value, but the musical-chairs aspect that one can make money before the music stops and everyone has to sit down.

Oh, you mean like crypto.

22 posted on 12/11/2022 6:29:48 PM PST by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas)

Actually, there was one rare variety of Tulip that survived the ‘Tulip Mania’. It was named ‘Bitcoin’.

24 posted on 12/12/2022 5:37:11 AM PST by norwaypinesavage (Capitalism is what happens when you leave people alone.)

The rest of the Tulipmania keyword, sorted:

Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website [From March 2022] [11/12/2022]
Cops find device holding $3 BILLION in stolen Bitcoin stashed in a POPCORN TIN after 10-year investigation: Man, 32, is arrested for hacking 50,000 cryptocurrency from dark web after calling 911 on himself [11/11/2022]
Incoming UK Prime Minister Is Pro-crypto [10/25/2022]
Collapse of Luna cryptocurrency leads to $11 million exploit on Venus Protocol [05/25/2022]
Reports of Crypto's Death Are Greatly Exaggerated [05/20/2022]
All Those Celebrities Pushing Crypto Are Not So Vocal Now [05/18/2022]
Crypto is dead: Many thought that Cryptocurrencies could turn out to be a hedge against inflation. Those hopes have been dashed. [05/09/2022]
Sanctioned Crypto Wallet Linked to North Korean Hackers Keeps On Laundering [04/17/2022]
The prince of crypto has concerns (original title) (Ethereum) [04/13/2022]
EXCLUSIVE: 'New York isn't safe for anyone': Crypto expert, 33, reveals he was shot FIVE times by robber who tried to steal his $450,000 Richard Mille watch after Manhattan hotel ambush [03/30/2022]
Hackers steal $615M from Ronin in one of largest crypto heists on record [03/29/2022]
Blockchain bros are turning a South Pacific island into 'crypto paradise' [03/28/2022]
Researcher uses 379-year-old algorithm to crack crypto keys found in the wild [03/18/2022]
Be ready to lose all your money in crypto, EU regulators warn [03/17/2022]
Bizarre and Horrifying Cases of Mass Hysteria Through History [03/15/2022]
Bitcoin Slides On Report Russians Seek To Liquidate "Billions In Crypto" In UAE [03/11/2022]
Joe Biden Orders Study for Government Controlled Digital Dollar to Compete with Bitcoin [03/09/2022]
Crypto Donations Pour in After Ukraine Government Asks for Bitcoin and Ether -- $17 Million Raised so Far [02/27/2022]
Wells Fargo Says It Is Not Too Late to Buy Bitcoin [02/10/2022]
Pop: Bubbles Are Bursting Everywhere [01/09/2022]
Bitcoin Creator Satoshi Nakamoto Could Be Unmasked at Florida Trial [11/13/2021]
Here's why this billionaire investor predicts crypto currencies will 'go to zero' [08/30/2021]
Colonial Pipeline hackers DarkSide have lost control of money, will shut down [05/17/2021]
S&P Launches First-Ever Crypto Indices for Bitcoin and Ethereum: Why It Matters [05/14/2021]
Bitcoin taking a big hit tonight [05/12/2021]
Ethereum Market Cap Reaches New Highs, Surpasses Visa, Walmart and JP Morgan [05/12/2021]
14% Of Americans Own Crypto: Here Is A Profile Of The Average HODLer [05/10/2021]
Sam Zell Buys Gold With Inflation 'Reminiscent of the '70s' [05/05/2021]
What about China's digital currency? What are its implications for freedom and economic prosperity? [04/30/2021]
Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him [04/24/2021]
Satoshi Nakamoto and the Civil-War Within Bitcoin [04/04/2021]
Bitcoin Will Save Our Earth [03/26/2021]
Bitcoin's surge beyond $60,000 means that famed programmer Laszlo Hanyecz effectively paid $613 million for two pizzas [03/15/2021]
How Bitcoin is eating the Earth: Computers creating 'worthless' cryptocurrency drive global warming as they use vastly more electricity than all the internet giants combined [03/14/2021]
Tesla rises 8% as breakneck rally enters 11th day and leaves famous investors split [01/08/2021]
Patent No. WO2020060606 - CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA [04/20/2020]
Five Endpoint Attacks Your Antivirus Won't Catch [11/18/2019]
Bitcoin price tumbles following Trump's criticism [07/15/2019]
Trump's Fed pick Judy Shelton is a fan of the gold standard [07/02/2019]
Bitcoin not built to last, despite recent surge [07/01/2019]
World's Most Expensive Coffee Costs $75 A Cup; Now Being Sold In Southern California [05/13/2019]
Majority of bitcoin trading is a hoax, new study finds [03/22/2019]
Bitcoin investors are running from the crypto to invest in gold this year: ETF strategist [01/26/2019]
Zia Zafar: 5 Fast Facts You Need to Know [07/14/2018]
Feds charge 24-year-old Chicago trader in first crypto-fraud case [02/18/2018]
Russian nuclear weapons engineers caught ÂÂÂÂminting blockchange with supercomputer [02/09/2018]
Bitcoin exchange chief kidnapped as he leaves work [12/29/2017]
CryptoMania and the Bitcoin Bonanza [12/17/2017]
Bitcoin (USD) Price 19K [12/16/2017]
What's the worst performing currency of 2014? It's Bitcoin [12/30/2014]
Yet another Bitcoin exchange implodes: Vircurex will freeze accounts tomorrow [03/25/2014]
The Dark Side of Thomas Jefferson [09/22/2012]
Pure Gold USB Memory Stick from the Middle East [10/22/2011]
THE SAVAGE NATION!!!!!! 11-7-07 [11/07/2007]
book search

25 posted on 12/12/2022 6:06:23 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)

I never will understand the mania over hacker created "money".

Do you prefer pedophile oligarch created "money" instead?

There have been many manias. The “book” did not present it in its true form. It wasn’t generally about single bulbs—but rather entire strains of the flower. There are one-off stories about single plants, but that was not the norm.

There have been other schemes through the years.

My wife and I are cleaning our attic. We came across a big plastic storage bin filled with our daughter’s beanie babies. I can’t wait for our grandkids to open that box the next time they are over.

They were cute little things—but the “mania” around them was stupid.

—> LOL. Some things never change.

True. History does not change.

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