There was a time, when one asset was freely available and nobody cared about it. You could mine out dime a dozen, and none gave a shit.
One fine some people said it was valuable. The price of the asset went thru the roof, even more than the average income of an individual.
One fine some people said it was valuable. The price of the asset went thru the roof, even more than the average income of an individual.
Some people became rich and the others got into the mania, wanting to become rich. At one point in time, more money was made in speculation than actual asset exchange
One fine day, the asset bubble burst so badly, that many who had put in all their money, became bankrupt
One fine day, the asset bubble burst so badly, that many who had put in all their money, became bankrupt
If you didn't know what I am talking about, it was the Dutch Tulip Mania in the 1600s.
However, there are events in recent history, that could be similar to what happened in the 1600s Netherlands..
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