Sentences with phrase «tulip craze»

I clearly stated in that publication that I believed Bitcoin was in a bubble that was replicating the Dutch tulip craze of 1637, and all the other price bubbles that followed it.

The tulip craze in 17th - century Amsterdam pitted insanely competitive flower breeders against one another, drove a market bubble and gave still - life painters a new theme.

History is replete with such self - reinforcing trends divorced from valuations: the tulip craze in 1630s Holland, the South Sea Bubble of 1720, railway manias of the mid-1800s, the roaring bull market of the 1920s, Nifty Fifty stocks in the 1960s, Japan's asset price bubble of the 1980s, and the late 1990s tech bubble, to name just a few.

So is Bitcoin, created in secrecy by an unnamed tech whiz of unknown nationality eight years ago, the real deal or another tulip craze bubble?

The roller - coaster ride of the blockchain - based currency has been front - page news for the mainstream media, where it has been both likened to and disassociated from the boom - and - bust of the infamous 1637 Dutch tulip craze.

If there is a parallel to draw between the 2017 Bitcoin boom and the 1637 tulip craze, it is that the vast majority of people purchasing bitcoins in December have been buying (and selling) a store of value perceived to offer better (worse) returns than the alternatives on offer.

From a tulip craze to a dotcom bubble, read the cautionary tales of the stock market's greatest disasters.

The Bitcoin buying frenzy resembles the speculative purchase of Google and Amazon shares more than the tulip craze.

Markets have their tulip crazes, leading to bubbles and crashes, and crowds can turn into lynch mobs.

Not exact matches

In an appearance at a separate conference earlier in the day, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century.

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.

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

First and foremost, the tulip bulb craze rested on a commodity that was essentially worthless — they rose in value only because people were prepared to pay ever - higher prices for them.

But did you know there was a craze for tulips somewhere else, long before the Dutch fell for the flower.