For the latest business news and markets data, please visit CNN Business Bitcoin vs history's biggest bubbles: Is the bitcoin boom about to turn into one of history's biggest busts? And if it bursts, the results are likely to be spectacular. Tulip mania In the early 17th century, speculation helped drive the value of tulip bulbs in the Netherlands to previously unheard of prices.
And if it bursts, the results are likely to be spectacular. Tulip mania In the early 17th century, speculation helped drive the value of tulip bulbs in the Netherlands to previously unheard of prices. Newly imported from Turkey, tulips were a big novelty at the time. But people were putting up their homes as collateralaccording to the Rijksmuseum -- the Museum of the Netherlands -- in Amsterdam.
Speculators were buying bulbs in the hope that they could sell them on at an even Tulip mania price. A flurry of sales caused a domino effect, and prices collapsed.
Stephen Innes, head of Asian trading at currency broker Oanda, believes bitcoin bubble could go the same way. Richard Quest South Sea bubble In the 18th century, shares in the South Sea Company, a British trading firm, soared on expectations it would soon reap bumper profits from trade with South America.
But the big money never materialized. South America was controlled by Spain, which was at war with the British Empire at the time.
That made a British trading monopoly in the region unlikely, according to the Encylopedia Britannica. Soon afterward, the shares began to plunge as speculators became sellers.
Investors had become very bullish on the U. Eventually cracks in the economy started to appear. The pain was spread out over several big plunges in the Dow, according to the Federal Reserve. Making things much worse, many of the investors who had jumped on the bandwagon did so with borrowed money.
The crash led to the tremendous suffering of the Great Depression.
The dotcom boom Investors were gripped by an internet frenzy in the late s. Those gains were fueled by a string of multibillion dollar stock floats during the era, many of which were unprofitable internet and software companies. Are you trading Bitcoin? We want to hear from you.
The bubble burst in earlypartly because higher interest rates made borrowing pricier.Product Description Tulip Mania Poster High Quality Custom.
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The tale of the Dutch tulip craze is a cautionary one – the first example of an economic bubble. As a new exhibition of flower paintings opens in .
The latest Tweets from tulip-mania (@tulip_mania_). ブログ“all time favorites of TULIP”連動Twitter 始めました！！. At the peak of the tulip market, a person could trade a single tulip for an entire estate, and, at the bottom, one tulip was the price of a common onion.
At the peak of the tulip market, a person could trade a single tulip for an entire estate, and, at the bottom, one tulip was the price of a common onion.
A visitor looks out at the flowers at Tulipmania floral display in the flower dome at Garden by the Bay in Singapore.