▲ Jung-Bae Kim. Publisher and Editor. Lighting Critic.   ©World Lighting News.

 

 

·Written by : Jung-Bae Kim. Publisher & Editor. Lighting Critic.

 

In this world, strange thingthings often happen that are hardly understandable from the

eyes of a common-sense person.

 

For example, the 'tulip bubble' of the Netherlands in the 1630s, one of the three major

speculation enthusiasts in the modern financial world), the speculation bubble of British South Sea companies in the 1720s and the Mississippi speculation bubble in France in the

1720s.

The most famous among them is the 'tulip bubble' that took place in the Netherlands.

This tulip bubble began in the 1630's when tulips imported from Turkey became very

popular.

 

As more people bought tulips, they invested in tulip roots as if they were competing with each other. Eventually, the price of a tulip root rose to 87,000 euros in terms of its current monetary value.

But one day, suddenly, for no reason, the price of tulips started to drop. As a result, there were overflowing people who wanted to sell tulip roots, but no one wanted to buy them.

 

When the price of tulip roots fell poorly, people who had gone on to grow tulips by

borrowing from banks and buying large lands began to go bankrupt. All the merchants

who bought and sold tulip roots became a beggar. In addition, the nobles who invested

in tulips also handed over the estates, which were held as collateral, to the bank.

◆ “FOMO” is the root of the “three bubbles in modern economic history”

This is a common phenomenon in the three bubbles that the price of tulips and stocks

rose tremendously as people flocked to the roots of tulips and then suddenly fell for no

reason, and those who invested became beggars.

But why did these three big bubbles happen? The secret lies in'the phenomenon of

crowding in one side at a time'. In other words, people flock to something at once to

make money, and then they think "it's not," and at the same time, they took their hands

out of investment.

So, what else is the reason for this solim phenomenon? The answer is that it is

because of the three factors, FOMO(Fear of missing out), panic buying and panic selling.

In simple terms, ‘Formo’ is a kind of fear, saying, “Aren’t I the only one who misses a good opportunity to make money easily?”

This 'FOMO' triggered a' panic buying' in the Netherlands, where people buy tulip roots

without price. But some of those people suddenly said, "I bought tulip roots at such a

high price, and if no one wants to buy it, would I be the only one to lose?"

 

They immediately started selling tulip roots. However, even the others who saw such an

appearance said that you and I would sell tulip roots, and “Panic Selling” took place.

That 'panic selling' eventually caused the speculative bubble to burst.

◆ Behind 'FOMO' is people’s 'Fear'

In this way, behind the ‘bubble’, where the speculative fever blows and then suddenly

goes out, there is a phenomenon called ‘the rush of people without reason.’ And behind

this ‘pulse’  is, “Isn’t this the only way I’m missing out on a great opportunity to make

money?” The fear lies. It would be nice to say that it is the natural instinct of human

beings, "I don't want to lose only me."

 

In psychology, the phenomenon that people almost unconsciously imitate the actions of

those around them is explained in terms of ‘mirroring.’ In simple terms, mirroring means

acting after others.

In the end, it is said, "This mirroring phenomenon occurs in the investment field, and as

a result of'panic buying' and'panic selling', a bubble is formed and then bursts."

Corona 19 has been going on for over a year now. Meanwhile, it is said that a lot of

money is pouring into stocks and real estate. It means that there is some kind of bubble. No one knows how long this bubble will last and when it will burst. However, it is clear

that the real estate investment or stock buying craze that is appearing right now is not

common.

 

 

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