How a Random Flower Became the Bitcoin of the 1600s

When Bitcoin came screaming back into the public consciousness in late 2017, there was a lot of talk about whether or not Bitcoin is an economic bubble. The crypto currency flew under the radar for several years and then all of a sudden it skyrocketed in market value. But what goes up must come down and nowhere was this more evident than the Tulip Mania which inflamed Europe in the 1630s.

#TulipMania #Bitcoin #WeirdHistory

[mynameismud]

"While the idea of tulip trading may seem absurd to us today"
No no, spending a house on a flower is actually far less absurd than spending a house on a link tied to a png

[loretta_]

"There's nothing like a plague to mess with the economy.." wise words indeed!

[redstateforever]

In the early 2000s, during the height of the Martha Stewart madness, she loved her some hydrangeas. They seemed to feature in all her pics, they can be dried and still look pretty, come in blues, pinks, purples, etc. We had a huge plant in our backyard, so beautiful. We came back from a short trip and SOMEONE had come into our BACK yard and clipped EVERY SINGLE BLOOM. Who does that?!? I was so pissed. I’m still not over it.

[MrsShocoTaco]

I think the bigger crime here is putting an entire, un-sliced onion onto a sandwich.

[susanrobinson]

The prices of the tulips/bulbs may have been outrageous, but they sure do make things pretty!

[dvdv]

While my wife and I were dating in high school we were at this church lock in. I said, “Can’t wait till we get outta here and I can plant one on ya” she said, “What kinda flower”

No hesitation I say, “Tulips”

[pamelamays]

Suggestion: The Cabbage Patch Doll craze of 1984. Adults were literally trampling over young children to get their hands on those dolls during the Christmas season that year. Folks lined out overnight in front of stores that had limited supplies of the coveted doll.

[Lady_Chalk]

One spring, my mom’s garden of red, yellow, and orange tulips bloomed. Amongst them was a blackish tulip. We have no idea where it came from. Thus I’ve coined the term: “Squirrel Gardening”.
I explain it for the hydrangea that’s appeared in our back yard, and the clematis in the front.

[PaiviProject]

Wow. That sure was pure madness !! People loosing their houses for the bulbs. That was quite interesting. Thanks 👍

[psyxypher]

I've noticed all these bubbles have a singular thing in common.
People buy collector's products for the sake of reselling them instead of simply owning them.

[nanachimakenshi]

I was just saying to a friend the other day that NFTs are basically the new Beanie Babies.

[MarianneKat]

Holland, MI USA has a beautiful Tulip Festival every early May. Every time I see it I wonder how much those flowers would be worth at the height of the craze and how much folks from that time would freak if they saw the acres of flowers🙂

[jom]

NFT's are literally the new tulip mania

[yourhopes]

You should do a video about the la brea tar pits and other weird fossil finds!!

[sunflower]

My wedding flowers. 🌷 Red Tulips. Of course these days, and in the US, tulips are as mentioned, “a humble flower.” 💐 Best wishes to you all.

[lauriepenner]

Well, your Bitcoin stash will never go moldy because your basement flooded. On the other hand, you'll never lose 5 million dollars in tulip bulbs because you lost the post-it with your password on it.

[daffers]

The rich people just thought the diseased tulips looked cool, but I think they look cool too! I love striped tulips.

[mm-ytsf]

if the tulip value was highly influenced by rare non-hereditary patterns and trading was done via bulbs, how did they estimate the value of a bulb claimed to turn into a candy cane flower? were there unique signs of what the end product would look like? and if no one would want to plant it because it would begin the end of the their investment, would the bulbs just eventually die or do bulbs last a really long time if not abused? it seems like an unwary buyer might easily buy some plain tulip bulb and never know they were tricked, which would be great for the scammer. scary activity...but then the power of missing out on the big thing and seeing people make real money around you..it must have been hard to resist too :-(

[midnightsnack]

I think NFTs are closer to Tulips than Bitcoin.

[countessa]

Lol TY❤️beanie babies 🥰 I was a kid when they were a thing I always picked the ones that had flaws like crooked ears or weird legs…because I felt bad for them I felt like nobody wanted the ugly beanie baby 😂