Post
Topic
Board Speculation
Re: Beanie babies/Bitcoin bag holders be like:
by
Elwar
on 17/07/2017, 08:51:56 UTC
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.