Sentences with phrase «tulip mania»

The Crisis Economics author also likes bitcoin to the internet bubble, tulip mania of the 1600's and London's South Sea bubble in the 1700's — all of which Roubini says bitcoin surpasses for a bursting bubble.

From Dutch tulip mania in the 1630s to the Icelandic boom and burst of the early 2000s, the history of financial market bubbles has been long and inglorious.

China's ruling Communist Party mouthpiece lashed out at bitcoin on Wednesday, labelling the volatile cryptocurrency a bubble and a modern - day tulip mania.

In the 1630s, Haarlem was (and still is) a major trading centre for tulips, and it was the epicenter during tulip mania, when outrageous prices were paid for tulip bulbs.

Lubin argued the cryptocurrency bubble is fundamentally different from the American housing market crash of 2008 and Dutch tulip mania in the 17th century, to which the bitcoin gold rush has been compared.

In the artist's words: «There's a relationship to tulip mania [famous Dutch tulip market crash in the 1600s] and crypto currency, but the flowers are primarily about being «below the API» and our automated future.

Comparisons to past economic bubbles, such as tulip mania in 17th century Holland, are insufficient because a flower is always flower.

The current craze for bitcoin, and cryptocurrencies in general, have been likened by some to the 17th century Dutch tulip mania and more recently the dotcom bubble.

China's Communist Party mouthpiece labeled the volatile cryptocurrency a bubble and a modern - day tulip mania, SCMP reported.

Right now, Bitcoin feels a little like the gold rush, or like the Dutch tulip mania, with fortunes being made and lost overnight.

It's even regarded as the modern - day tulip mania.

Is it a bird, is it a plane, is it «tulip mania»?

The spectacular rises in the prices of Bitcoin and other «cryptocurrencies» are attracting attention reminiscent (to some) of the pet rock craze of the 1970s or (to others) the tulip mania craze of the 1630s.

Mackay's account of the Dutch tulip mania, in which people lost fortunes by bidding up the price of tulip bulbs to ridiculous levels, anticipates the recurrent cycles of boom and bust that have plagued nations» economies since his book was first published.

Dane DeHaan plays Jan Van Loos, an artist hired to paint a portrait of a married woman and her husband during the tulip mania of 17th century Amsterdam.

The movie tells the story of an artist who falls for a young married woman (Alicia) while he's commissioned to paint her portrait during the tulip mania of 17th century Amsterdam.

Dealers and their clients were like Dutchmen in the grip of tulip mania.

**** STT has pointed out just a few times that the wind industry is little more than the most recent and elaborate Ponzi scheme in a list that dates back to «corporate investment classics», like the South - Sea Bubble and Dutch tulip mania.

*** STT has likened it to the great corporate Ponzi schemes, pointing out, just once or twice, that the wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back to «corporate investment classics», like the South - Sea Bubble and Dutch tulip mania.

There are those who see a bright future, and those who call it tulip mania.

Goldman Sachs has claimed that bitcoin is a bubble bigger than the dot - com era and the famous Dutch tulip mania.

In 1640, Dutch painter Jan Brueghel painted Satire on the tulip mania where he illustrated the speculative bubble that crashed the tulip market at the time: prices for a single bulb soared, before collapsing dramatically.

Famously, Nout Wellink, former president of the Dutch Central Bank, said of bitcoin, «This is worse than the tulip mania... At least then you got a tulip [at the end], now you get nothing.»

If history is anything to go by, the tulip bubble burst in February 1637 — not long after the Dutch created a futures market for buying bulbs in 1636 at the peak of tulip mania.

Blockchain is Not a Fraud JP Morgan has been featured in several articles in the last couple of weeks as its CEO, Jamie Dimon, harshly criticized Bitcoin by calling it a «fraud» and «tulip mania 2.0».

Though Donovan compared the bitcoin bubble to the tulip mania, he stated in a follow - up tweet that the economic impact would likely differ.

Self - professed financial experts often refer to the Bitcoin price momentum as «tulip mania».

Few research groups and some experts have classified bitcoin as a bubble which will burst just like the tulip mania.

Mind you, I am also a critic of Bitcoin, and I have expressed my concerns about the price action in Bitcoin, which has an uncanny resemblance to the tulip mania that took place in the 1630s.

Buying Into The Tulip ICO Mania While it is true the current Initial Coin Offering craze is eerily similar to the tulip mania of the seventeenth century, it

Comparing this to the $ 1 Million hit prediction, it can be said that bitcoin will really give the Dutch tulip mania a wider gap.

Let's just say that the tulip mania ended very badly, which doesn't bode well for the price of Bitcoin.

China's ruling Communist Party mouthpiece lashed out at bitcoin on Wednesday, labelling the volatile cryptocurrency a bubble and a modern - day tulip mania.

The editorial called, «Beware the mania for Bitcoin, the tulip of the 21st century» explains that Landau believes bitcoin is very much like the tulip mania that supposedly took place decades ago.

Many finance and tech experts have recently called Bitcoin a «bubble» and «tulip mania 2.0» but Bitcoin has managed to thrive despite these heavy accusations, and this week it hit a new all - time high price.

He continued to say that bitcoin speculation has caused financial market trouble, and that bitcoin is a bubble waiting to burst, like «tulip mania» in the 1600s and the dot - com crash.