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beanie babies were rational, there was a supply constriction that seemed permanent, the founder resolved it and flooded the market, leaving bagholders and decad
by yieldcrv 11mo ago
beanie babies were rational, there was a supply constriction that seemed permanent, the founder resolved it and flooded the market, leaving bagholders and decades of mockery
but I would content it was not an example of irrational exuberance
labubu’s are part of a flooded market as well, but there was never anything to suggest it wouldnt be flooded only an expectation for demand to keep up longer than just half of this year
- bluefirebrand 11mo agoBeanie Babies were irrational because it is irrational to go into a collector craze over stuffed animals
- yieldcrv 11mo agounless more people want them than exist
- bluefirebrand 11mo agoNo, because wanting them is an artificially engineered, irrational thing based on their hype not their value
- yieldcrv 11mo agothe entire art and collectibles markets has functioned the same way for half a millennium, there is nothing to support utility based value