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But the price is still too much. High prices, great. Higher prices than the potential reward, not great. It is like trying to sell those same eggs for more than
by joosters 13y ago
But the price is still too much. High prices, great. Higher prices than the potential reward, not great. It is like trying to sell those same eggs for more than the miners' daily wage. You need extra-crazy customers, not just plain crazy :)
- wpietri 13y agoThat's what happens in bubbles. Prices get higher than the rationally expected reward. Now that the bubble is popping a little, they are correctly dropping their prices. But I think it's fair to say that bubbles make crazy people extra-crazy, so maybe that's exactly what's going on.