I read a research paper that studied that complete 'tulip bulb bubble' story and they found that they could NOT find anyone that actually lost any money. The tulip market was Very small and only traded among 5-6 people and when the market price collapsed those people just cancelled their pending trades. The media loves to talk about this supposedly great bubble and it's collapse BUT there is no record of anyone actually losing money with the supposed collapse of the largest bubble in history. More fake news put out by the mainstream bankers that are worried that crypto will cut into their profits. From Wikipedia " Although prices had risen, money had not changed hands between buyers and sellers. Thus profits were never realized for sellers; unless sellers had made other purchases on credit in expectation of the profits, the collapse in prices did not cause anyone to lose money."[60]