Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese...
by zrobotics on Friday June 15, 2018 @11:36AM
(#17320515)
One of the innovations that drove the tulip prices was new strains/the newness of tulips in general.
>>A university study in 1593 led to the discovery that tulips could withstand the harsh northern-European climate... With their intensely colorful petals, tulips were unlike any other flower popular in Europe at that time [0]
Additionally, another innovation that drove the bubble was the widespread introduction of futures trading, allowing year round trading, as well as traders to speculate without needing to take delivery of the crop.
>>A university study in 1593 led to the discovery that tulips could withstand the harsh northern-European climate... With their intensely colorful petals, tulips were unlike any other flower popular in Europe at that time [0]
Additionally, another innovation that drove the bubble was the widespread introduction of futures trading, allowing year round trading, as well as traders to speculate without needing to take delivery of the crop.
[0]http://www.thebubblebubble.com/tulip-mania/