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Old 03-13-2021, 05:05 PM
  #11  
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This reminds me of the brilliant move a United Exec made when Southwest was hedging fuel and making big money. The United Exec jumped in and immediately lost about 1.7 billion dollars.

Of course this time Bitcoin is different, as it always is.
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Old 03-15-2021, 05:27 PM
  #12  
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It's a new kind of asset. A new industry. Same same. Don't invest in oil in 1860. It's gonna crash like beanie babies. There's nothing new under the sun, boy. I've been investing since 1820 and I'm telling you oil is all hype.
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Old 03-16-2021, 05:45 AM
  #13  
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Originally Posted by fadec
It's a new kind of asset. A new industry. Same same. Don't invest in oil in 1860. It's gonna crash like beanie babies. There's nothing new under the sun, boy. I've been investing since 1820 and I'm telling you oil is all hype.
Those who fear it don't understand it.
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Old 03-16-2021, 07:00 PM
  #14  
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Originally Posted by fadec
It's a new kind of asset. A new industry. Same same. Don't invest in oil in 1860. It's gonna crash like beanie babies. There's nothing new under the sun, boy. I've been investing since 1820 and I'm telling you oil is all hype.
"No way a Tulips value are going to crash" as heard on the streets of Amsterdam....1636-1637

https://www.history.com/.image/c_lim...index1svg.webp
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Old 03-16-2021, 07:12 PM
  #15  
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If you really want some doom and gloom with your morning coffee, read up up on the Greenspan Put, and all those that followed:

https://en.wikipedia.org/wiki/Greenspan_put

The whole system is ultimately all just one big house of cards.
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