Quote from: Elwar on July 17, 2017, 08:51:56 AM

Quote from: Foxpup on July 17, 2017, 06:42:47 AM

Quote from: Elwar on July 17, 2017, 04:25:31 AM

But why post about a toy in Bitcoin Speculation?

I genuinely want to know.

Because, along with Dutch tulips and the South Sea Company, Beanie Babies are often used as an example of an economic bubble by people ignorant of the fact that the causes of the rise and fall of the value of these assets is well understood, and was predictable (to some extent) even at the time. Furthermore, the circumstances of these cases are all very different from each other and from Bitcoin, and any decent economist would laugh at the suggestion that they're comparable.

Bah. You ruined it. I wanted OP to explain it all to me. How he is such a genius for coming up with the idea of Beanie Babies and Bitcoin...as if he is such an economic mastermind.

I am sure he would have eventually mentioned tulips too. And also thought that he was being original on that one too.

At least Bitcoin, whatever will happen, should be a lot better recorded for study than tulipmania or Beanie babies. I also think Trolls, the toy I mean, is comparable to beanies. Bitcoin cannot really be compared to any of those examples, otherwise I might also use the urban legend of soda can tabs (it was real! everyone I knew collected and paid crazy amounts for them!).