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Quails another Tulipmania?
mchambuzi
#1 Posted : Tuesday, November 26, 2013 4:55:31 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
Here is a summarised explanation of what happened in tulipmania "Tulipmania was the first major financial bubble. Investors began to madly purchase tulips, pushing their prices to unprecedented highs; the average price of a single flower exceeded the annual income of a skilled worker. Tulips sold for over 4000 florins, the currency of the Netherlands at the time. As prices drastically collapsed over the course of a week, many tulip holders instantly went bankrupt." Read more from wikipedia

Why it the quailmania is likely to collapse?

1. Those who are established are the ones who are selling to newbies, aggressively marketing it and publishing stories online. If they are making as much exporting or selling as consumables, no one would bother coming online to encourage you to compete with them in the market.
2. Its a high end product. Relative to the size, its a hard sell locally.
3. People are breeding in large numbers, some forfeiting jobs and taking loans from banks.
which will equate to oversupply.
4. Prices are too high

My opinion: People are rushing into the business because of the success stories in the business, like buying into a stock when its about to peak. If you don't have a signed supply order from someone who is exporting, be careful, you might go bankrupt.
On a long enough timeline, the life expectancy of everyone drops to zero.
YoungMulla
#2 Posted : Tuesday, November 26, 2013 5:01:33 PM
Rank: Member

Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
just like the rabbit craze... fools rush in.Those already doing it will make money in the short term selling to newcomers. The newcomers will burn their fingers with those tiny birds
Before I die - i will touch the sky!!
chaimani
#3 Posted : Tuesday, November 26, 2013 5:04:05 PM
Rank: New-farer

Joined: 2/26/2012
Posts: 25
Location: moscow na muranga
what is this business all about?
chasing after the wind
Impunity
#4 Posted : Tuesday, November 26, 2013 5:07:06 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ditto!
A quail egg selling for over 70 bob a piece is the craziest craze in town currently.
Na hata haisimamishi as alleged by the ontraprenuaz
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

chaimani
#5 Posted : Tuesday, November 26, 2013 5:09:04 PM
Rank: New-farer

Joined: 2/26/2012
Posts: 25
Location: moscow na muranga
YoungMulla wrote:
just like the rabbit craze... fools rush in.Those already doing it will make money in the short term selling to newcomers. The newcomers will burn their fingers with those tiny birds

kwani ni agricutural pylamid scheme !! d'oh! d'oh!
chasing after the wind
YoungMulla
#6 Posted : Tuesday, November 26, 2013 5:19:42 PM
Rank: Member

Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
chaimani wrote:
YoungMulla wrote:
just like the rabbit craze... fools rush in.Those already doing it will make money in the short term selling to newcomers. The newcomers will burn their fingers with those tiny birds

kwani ni agricutural pylamid scheme !! d'oh! d'oh!



There is simply no demand. Who do you know that consumes quails or their eggs?? I bet none. But due to the hype of how much money is to be made, the breeders will sell to wanjikus and reap big. then the wanjikus will either have to convince someone else to buy for breeding purposes due to lack of real demand, and so the con continues.In the end when the hype dies (which wont be long), those left with the birds wont know what to do with them
Before I die - i will touch the sky!!
mnunuzi
#7 Posted : Tuesday, November 26, 2013 5:26:04 PM
Rank: New-farer

Joined: 11/15/2013
Posts: 34
Same thing happened in India. Someone started a story about how sewing machines contained a component " red mercury" and sewing machines started selling for as high as 500k. People took loans to get into the middle-man business. The smart ones cashed in, before it later turned out to be a hoax.
butterflyke
#8 Posted : Tuesday, November 26, 2013 7:25:39 PM
Rank: Elder

Joined: 5/1/2010
Posts: 3,024
Location: Hapa
YoungMulla wrote:
chaimani wrote:
YoungMulla wrote:
just like the rabbit craze... fools rush in.Those already doing it will make money in the short term selling to newcomers. The newcomers will burn their fingers with those tiny birds

kwani ni agricutural pylamid scheme !! d'oh! d'oh!



There is simply no demand. Who do you know that consumes quails or their eggs?? I bet none. But due to the hype of how much money is to be made, the breeders will sell to wanjikus and reap big. then the wanjikus will either have to convince someone else to buy for breeding purposes due to lack of real demand, and so the con continues.In the end when the hype dies (which wont be long), those left with the birds wont know what to do with them


there is this craze of demand illusion with people saying 'wazungu wanaipenda sana', that happened with pyrabbit. when it goes downhill.....
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
jaggernaut
#9 Posted : Tuesday, November 26, 2013 7:36:40 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
I heard someone saying that eggs are being exported to shaina for traditional medicine.....and that the demand is infinite.
Lolest!
#10 Posted : Tuesday, November 26, 2013 7:42:08 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
chaimani wrote:
YoungMulla wrote:
just like the rabbit craze... fools rush in.Those already doing it will make money in the short term selling to newcomers. The newcomers will burn their fingers with those tiny birds

kwani ni agricutural pylamid scheme !! d'oh! d'oh!

wazuans have a name for this. Quailamid scheme.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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