Kane said seriously, "Such a good opportunity only comes once in decades. Now that I have come across it, of course I must seize it."
"You're afraid that the price will drop, right? Don't be afraid, it's impossible."
"In the past, many people said that the price of tulips would fall, but what happened? It went up to 12,000! This is the price of ordinary varieties, and rare ones are even more expensive!"
Kane's tone was firm and his eyes were fanatical.
It seemed like a belief that tulip prices would continue to rise.
Ideas are so deeply rooted that no one can change them.
"From 1,020 to 12,000, the price of tulips has increased more than tenfold." Christie urged, "Stop buying, the price is too high now."
Kane said, "It can increase tenfold, and of course it can also increase twentyfold, thirtyfold, or fortyfold. Don't worry, once the situation turns around, I will immediately sell all the bulbs."
By then it will be too late!!
Christie had played simulation games and knew the pain of speculation in the end when counterparties had to withdraw and the goods could not be transferred.
Seeing that her father refused to listen to her advice, she became very anxious and said, "Can't you just listen to me for once?!"
Kane said seriously, "I never interfered with you in your tulip bulb trading before, so don't interfere with me now."
Christie bit her lip and remained silent for a long time.
She thought, why not sell the tulip bulbs secretly without telling her father? By then, she would have sold them and her father wouldn't be able to say anything.
But on second thought, she became a little hesitant - what if her father got angry after finding out and bought the bulbs back at a high price?
It’s better to do nothing than sell and buy.
Christie frowned and racked her brains to think of a solution.
After much thought, he came up with several ideas. However, after a while, he decided that they were not very good and rejected them one by one.
Just as she was worried, Yun Luo sat on her shoulder and said, "Tell him that you are willing to make concessions, but on one condition: you must take out the principal."
Christie was stunned at first, but then she suddenly realized that if she could get her principal back, she would not go bankrupt no matter whether the speculation succeeded or failed.
At worst, just pretend this hype never happened.
After figuring it out, she seriously made a new request.
At first, Kane disagreed, “To do big things, you must be bold and careful, and take risks at critical moments, so that you can make big money!”
Christie: "I don't want to make a lot of money, and I don't want to take risks."
Kane: "..."
After a slight pause, he slowed down his tone, "You don't have to take risks, I can do it. When I make money in the future, I will buy you beautiful clothes and expensive jewelry, and fill the whole house with them!"
Christie: "I don't want clothes or jewelry. I just want my family to be safe and sleep well at night."
Kane wanted to say something, but Yun Luo reminded the host at the right time, "Being tough is useless, but playing the victim and pretending to be pitiful is effective."
Christie understood and immediately said pitifully, "Father, I'm really scared. My family almost went bankrupt before, and I didn't sleep well for several days."
"I don't ask for my family to be rich and powerful, I just hope to live a peaceful and stable life."
"If the price of tulips rises, then let it rise. We have a farm and grow grain every year. We don't have to worry about food and clothing. It's okay not to make this money."
What a great opportunity, how could I miss it?!
Kane wanted to argue with his daughter, but he was defeated again and again in the face of his daughter's tears.
Finally, he sighed helplessly, "Tell me, what do you want me to do?"
Christie had tears in her eyes, "I've already made four or five times the money...why not just withdraw the principal?"
"Just the principal?" Kane was slightly surprised.
"Yes, the principal." Christie nodded obediently. "With the money you earn, if you want to buy tulip bulbs, then buy tulip bulbs. If you want to grow rare tulips, then grow rare tulips. I won't say a word more."
He could obviously make money just by lying down...Kane felt a dull pain in his heart.
"Father!" Christie looked at him eagerly.
"I promise you." Kane agreed reluctantly.
Hearing this, Christie heaved a sigh of relief.
**
The price of tulips did not stop at 12,000.
12100, 12200, 12300…it slowly and steadily moved towards 13000.
Kane was helpless and said, "I told you it would go up, you see."
Christie insisted, "Then you have to take out the principal first."
Kane couldn't persuade his daughter, so he said, "Don't worry, I sold a batch of goods and redeemed the farm and house."
After taking a sip of fruit wine, he sighed with regret, "The more capital you have, the more you earn. Trading with only a small amount of money can only be considered a small business."
Christie: "No matter what, safety comes first."
Kane didn't understand what his daughter had been through and why she was so timid.
Even though everyone was picking up money together, she insisted on running away.
Forget it. Kane thought, I can earn more and save more for the family, and my daughter just needs to know how to spend money.
Doing business is too tiring and you can't do it without forcing yourself.
**
Back in the room, Christie called out the system and hesitated to speak, "Yunluo, the price of tulips has risen to 12330."
Yun Luo appeared, "After the goods are sold, no matter how high the price goes afterwards, don't care. Remember, after the game is over, never enter the market again."
Christie hesitated, "I'm just wondering, didn't you say it had reached its peak? Why is the price still rising?"
Yun Luo: "In the hype game, the high point is when people are crazy. As for how crazy they will be, only gods can predict it. It is better to leave early than to wait until the end when you can't leave."
Christie didn't know what to say.
After selling the bulbs, she saw that the price of tulips continued to rise. She was actually quite upset and wanted to buy the bulbs back...
Of course, the thought was extinguished as soon as it came to mind.
She always remembered what the system said, "When the game is over, you must leave without looking back. If you can't bear it later and buy the bulbs again, it's better not to sell them in the first place."
Christie listened to the system very carefully, and even if she felt itchy, she would resolutely carry out the system's orders.
"Do you feel sad when you see the prices rising?" Yun Luo asked.
"It's okay." Christie pretended that she was not interested at all.
Yun Luo: "It's normal to feel bad when you can't make money."
Yun Luo: "But when the game crashes, you will feel sincerely fortunate."
Will it? Christie looked confused.
In fact, she couldn't even guess whether Tulip would collapse as the system predicted...
Maybe it will keep rising higher and higher, without end.
After calming down, Christie took a deep breath and told herself hypnotically, "I've made a lot of money, I should be content."
"Even if the price goes up in the future, it has nothing to do with me."
"It's better to stop paying attention to tulips and think about how to spend the money you earn."
…
Yun Luo: "Remember to write a diary."
Christie was stunned. "The bulbs have already been sold. Why do you still need to write?"
Yun Luo: "Yes."
Yun Luo: "I kept writing until the game crashed."
Yun Luo: "When you look through your notebook in the future, you will have a clear understanding of 'hype'."
"Okay." Christie agreed.
**
February 25, 756, cloudy.
Tulip prices break through 12,400.
All the tulip bulbs he owned had been sold, and the deal was a huge profit.
At my request, my father withdrew his capital and only used the profits to participate in the speculation.
I don’t know when the game will end, so I have to keep calm and wait patiently.
March 2, 756, sunny.
The price of tulips fluctuates between 12300 and 12400.
My father is very confident and says it will continue to rise.
…I want to use the money I earn to travel.
March 12, 756, sunny.
I had a great time traveling for a week and buying whatever I wanted along the way.
I haven't paid attention to the price of tulips for a long time. I heard that the fluctuation this time was quite large and is currently in the range of 12000-12400.
Will it continue to rise after the shock? I don’t know. I don’t want to guess. My head hurts.
March 15, 756, cloudy.
Tulip prices plummeted! Dropped by more than 8%! Currently 11,000!
Oh my god, how could this happen? This is so scary.
March 16, 756, cloudy.
I heard that someone was selling a large number of tulip bulbs, which caused the price to drop sharply, but it will stabilize afterwards.
It sounds reasonable, but why do I feel so uneasy?
Yun Luo once said that after the madness, collapse is not far away.
Maybe I should remind my father to sell his remaining tulip bulbs.
March 17, 756. Light rain.
The price of tulips is 11200.
My father rejected my proposal and said that I was too timid and not suitable for business.
...Forget it, anyway, once the principal is withdrawn, the remaining money will be profit.
March 18, 756, cloudy.
Tulip prices plummet again! Price 9600, a drop of more than 14%!
March 19, 756, cloudy.
Another sharp drop! The price is 7900, which is about 18% lower than yesterday.
April 1, 756, sunny.
The current price is 1840, it has collapsed.
**
During the craze, people always said, "Those are tulips! How can the price go down?"
However, when the hype ended, prices collapsed and became uncontrollable.
At first, people still had a glimmer of hope - it was just an accident. When it was over, the price of tulips would continue to rise.
Who knew that after waiting for a few days, what happened was not a rise, but a sharp drop.
Some people couldn't bear it anymore and chose to transfer the tulip bulbs they held, and others followed suit.
More and more people were selling, and the price kept falling.
Seeing the market price getting lower and lower, more people became anxious and sold more.
When everyone is frantically selling, no one is willing to take over and the price collapses completely.
**
Christie watched the price plummet by 8%-20% every day. From the initial disbelief to the subsequent numbness, it took only a little over half a month.
She finally understood why the system strictly prohibited re-entering the market after selling.
My father is a living negative example.
When the price was 11,000, I wanted to wait for 12,000. I said that once it rose to 12,000, I would immediately sell all the bulbs. Unexpectedly, the price rose slightly, and after reaching 11,200, it took a sharp turn and fell to 9,600 in one breath.
I didn’t sell it when it was 11,000, and of course I was even more reluctant to sell it when it was 9,600.
Thinking that these were all bought with the money I earned, I can wait a little longer and don’t need to sell them in a hurry.
With this thought in mind, I waited for three days, and the price plummeted from 9,600 to 6,900 in one breath.
At this time, I realized that things were not going well and wanted to sell no matter how low the price was. Unfortunately, I couldn't find anyone willing to take over.
The daily trading volume was pitifully small. Countless people were holding tulips, trying desperately to sell them, but they just couldn't find buyers.
At the same time, the price of tulips plummeted, whether it was common or rare varieties, the price dropped by more than 80% compared to the high point.
Thousands of people got involved in the speculation halfway, and ended up losing their fortunes and being heavily in debt.
The author has something to say:
There was a Tibetan Mastiff craze in the past few years, and various types of "Mastiff Kings" emerged one after another, with their prices being driven up to millions or even tens of millions.
later
#Strongly aggressive, frequent injuries#
#The noise is too loud and disturbs others, the venue is limited#
#Tibetan Mastiffs have thick and long fur, which makes them difficult to clean during the molting season and prone to skin diseases#
#Big head, big appetite, can't afford to feed him#
The story can't go on and it completely collapses.
In the end, many Tibetan Mastiffs were abandoned.
**
A lot of it is financial common sense, so there is no need to watch Bilibili/TikTok videos.
[This article was written by me with great effort. It is purely original. If there is any quotation, it will be marked. ]
**
When tulips skyrocketed, they increased 29 times in 30 days.
When the market crashed, it dropped 90% in a week.
The data in the article have been adjusted
**
The bull market in the stock market ended in May and June 2015, and some old investors left the market in mid-April.
A fund manager warned in May and June that the stock market was risky and was scolded
**
I just saw a passage today:
The most ridiculous thing is to use the mentality and energy of going all out to operate a small amount of funds. The most terrible thing is to use the mentality and energy of gambling and betting to operate funds that are related to one's life and property.
#Hype is often the latter#
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