Tulip Mania

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But it took several years to get going.



I will keep it on topic, but the last graphic carries some weight, and also shows that when an investment takes a big fall and recovers it might be on the cusp of free fall, or it won't stop into it hits baseline or worse, (based on bubble pattern).

Couldn't get any accurate data concerning what was 200 pounds worth back then, but in 1919, 100 pounds is currently worth almost 5,000 pounds now, (almost $10,000 AU).

So in 1637, 200 pounds was probably worth 500,000 - 600,000 pounds.

So a few bulbs could buy a house and land package on Manhattans shoreline, (Gecko's, example, just watched Wall Street 2).

Big bucks in Bubbles, but also big potential losses, especially when you get on board late.

#off topic forum
  • What surprises me with these threads is your obvious belief that most of us didn't learn this bit of history in middle school.

    Money from 1600 is not transferable to today's currency.

    You should leave trying to analyze investments to the experts who do that for a living.

    But - I like the tulip picture.
  • The next Tulip mania is taking place in Wooster. The Doughnut shop ran out of supplies and people are betting the price of Doughnut's to go up a 1000%.
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    • And this may finally encourage Claude (rusty wallet) Whitacre to switch to.........

      Other cakes
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  • No, l didn't learn this in High school, (college) unfortunately, and sure 1600 currency's value cannot be transferred to today.

    But a few bulbs at its height, had substantial value, and then it had less than nothing when it collapsed.

    A certain bubble has a lot of young speculators, posting here, currently, and clearly it is in the mania phase. Clearly they probably have not heard of the tulip one, or the bubble pattern.

    Sure, that when you are young and see something you can manage from your Laptop, and the price just keeps going up and up, you want to be a part of it, and also don't want to know that probably won't go up indefinitely and especially don't want to know that it may collapse one day.

    I mainly posted this, so a newbie putting every cent he has into something that has all of the bubble red flags, will think again.

    Or at least will trade, short cap.

  • I was a big believer in crypto until I saw all the regulations start to hit and watched what happened to the price.

    I think we are about to see a big move by Uncle Sam against it in the near future. Yes, there are fortunes to be made, but also fortunes to be lost. I think people should stop approaching it as a way to get rich quick.
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  • That does it! I don't understand anyone who would make fun of donuts.
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  • good post, thank you

    im stockpiling tulip seeds

    my safety net if bitcoin should fall
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    • Tulips, nah, old school, l will take Pinapples...

      http://mentalfloss.com/article/65506...used-cost-8000

      Pineapples, were rare, and the rich were scoffing them down, and Christopher Columbus, first saw some and bought them back, around the 1700's, (about 70 years after, well you know).

      A pineapple went for $8000 per, in todays terms, so not as good as trading a few tulips for a house/land package, but still 50 could have bought something nice?

      But maybe l should get this book from Amazon, it only costs over 2million, P/H extra.

      lawrence_1


      I think l will go and checkout Pets.com, l have a thing for sock puppets, (and insanely inflated IPO's).

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  • The "mental floss" link doesn't work - are you using it to clean your brain?
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