/biz/ - Business & Finance

go!

>Tulip mania wasn't even tulip mania
>Nobody was actually financially ruined by it
>There was an expanding middle class able to afford luxuries like expensive flowers for the first time
>There was a speculative bubble around these new luxuries, but nothing that was actually that drastic
>Nobody except wealthy merchants who could afford to splurge actually paid vast sums for tulip bulbs
>The Dutch created elaborate satire about it after the bubble burst
>This got culturally misunderstood by the English
>They perpetuated the myth of tulip mania
>Everyone now thinks that tulip mania was a real thing and talk about it every time there is a boom-bust cycle
How do so many educated people seem to get things so wrong?

>>5453254
1.5m isn't even that much there are tens of thousands of people posting on biz. Quite a few are much richer than me, especially here at the top of the bubble.

what the hell happened with kraken said I had 400 000 euro in balance holding 4k xrp. now it seems to be freezed? cannot give poorman heartfailure like that so unserious

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