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?
Why should I pay for shitcoin if Bitcoin has proven to be better than other coins. People in the crypto world are willing to pay dearly with their money for Bitcoin, because they know getting Bitcoin is not easy. And besides, have you ever imagined the difficulty of being a Bitcoin miner if every 4 years Bitcoin experiences halving that makes their mining rewards halved per block. And so on.