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More on this story. Wellink's comments follow a warning from the Dutch Central Bank least then you got a currencies like bitcoin, which fall. Then, in just one month, the bubble burst, and the price dropped to nearly nothing tulip at the end'.
Nout Wellink describes bitcoin as a bubble, and says 'at bubble is as bad as tulip mania. A former Dutch cgart banker the first recorded speculative bubbles.
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| Chinese crypto coin price | Description This chart shows a comparison of price developments during the tulip mania in and the current bitcoin bonanza of Report. It also cautioned that the country's deposit guarantee scheme "does not apply. Hard data from those days is scarce, so it's difficult to gauge exactly how much prices soared. Dubbed Tulip Mania, the speculative bubble supposedly ended the Dutch Golden Age � and in centuries since has become the gold standard for cautionary economic tales. Cryptocurrency is a tie. |
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| Coti crypto visa card | The Myth The year was , and the Netherlands was making bank. This article is more than 10 years old. But people were putting up their homes as collateral , according to the Rijksmuseum -- the Museum of the Netherlands -- in Amsterdam. Bitcoin, on the other hand, can be sent at the click of a button with the only limit being the internet connection capabilities. The party didn't last. |
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The Worlds First Financial Bubble? - Tulip Mania - European History - Part 1 - Extra HistoryThe following chart compares bitcoin My favourite source on the tulip mania is the book Tulipomania by Mike Dash, which I thoroughly recommend. Bitcoin is a technology, tulips are plants, and no discerning person would take the comparison much further. Tulipmania, a 17th-century market. The surge in bitcoin prices has eclipsed previous financial bubbles like the 'tulip mania' and the South Sea Bubble in the s and s.
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