Even Isaac Newton got wrecked by a bubble. The brutal 1700s origin of Short Selling and Bear Markets.

Even Isaac Newton got wrecked by a bubble. The brutal 1700s origin of Short Selling and Bear Markets.

He sold early for a profit, watched everyone else get richer, then jumped back in near the top with basically everything he had. Absolute classic.

The funniest part is that the term “Bear Market” comes from this same era. “Bear-skin jobbers” were basically the 1700s version of naked short sellers, selling skins before they even caught the bear. 300 years later and we’re still destroying ourselves the exact same way, regards.

submitted by /u/MoneyMonsterStudios to r/Bitcoin
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Quelle: bitcoin-en