In the seventeenth century, people in the Netherlands were racing to buy tulips 🌷
Europe learned about it through the Ottomans and it became a symbol of pride, and all people began buying tulips for huge sums of money and even exchanging them for gold and real estate so that they would not miss the opportunity to buy and profit.
In February 1637, merchants no longer received higher purchase offers, which led to selling at lower prices. People began to lose confidence in tulips and think logically instead of emotions. Sales increased and the price of tulips collapsed. 🩸
This incident was called Tulip Mania 🤑
We give value to the thing and the thing loses its value if we agree 🤝🏻 Gold, for example, is unanimously an excellent metal for preserving value... despite the presence of excellent alternatives.
Many of us enter into projects with the aim of making profit, influenced by our emotions and without any logical analysis... This thing is not necessary, but it increases the possibility of you falling victim to a great loss ❌
Do not buy Tulip projects and forget about them, but rather buy good projects, and even these, monitor them closely and follow their news closely 🤝
As well as in currencies, the same correct method was adopted.🤝
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