Imagine an electronic producer that pays $10,000 for 1 gram of gold, while in the same time a metal with better electrical properties costs less then a cent.

Imagine a buyer who gives his 5,000 square foot luxury mansion for 10,000 units of fiat money that bank created with only Kia Pride vehicle as a collateral.

Imagine an investor that pays $1,000 for a stock with a book value of $1 and earnings of $0.01, while in the same time he can buy a stock with a book value of $2,000 and earnings of $500 for the same amount of money.

Imagine a guy that pays $1,000 for the Cheeseburger while in the same time he can get the Big Mac for only $1.

The above scenarios would be crazy because no one would trade his thing for something that has thousands or millions time less utility. Nor would someone pay a thousand or a million times more money for the same or even worse thing. That is why the above scenarios are not possible in reality.

But... in the crypto world, they are possible. Take for example bitcoin. People are paying thousands or even million times more for bitcoin than for some altcoins, even though these coins have the same or better utility than bitcoin. Meaning, the same as bitcoin these coins can be transferred easily, fastly, cheaply, safely and transparently to someone. Such coins can be bought for as low as $0.001. Why people in the crypto world pay millions time more for the same thing? Why they behave so irrationally?