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DFW

(58,080 posts)

30. A margin call would do it, however...

Sun May 25, 2025, 02:36 AM

Sunday

The way the post was worded, it sounded like what was meant was losing 80% of an investment, with only 20% left.

Gold positions on paper can indeed be traded. And, it is almost universally accepted that there is much more gold being traded than could ever possibly be delivered if all paper positions were called in. That would be one way to see the price of gold triple, although if that happened, street thugs would be cutting off people’s ring fingers to get at their wedding bands. As it is here in Europe, cops aren’t even reacting any more to street thugs ripping gold chains off the necks of women and girls. When it brought $75, they didn’t bother. Now that the same tiny chain brings $750, they bother.

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No crypto for me. Too dangerous. [View all] usonian Saturday OP

Crypto is BS PJMcK Saturday #1

IMHO, it's nothing more than an electronic Ponzi scheme. nt Phoenix61 Saturday #3

Absolutely! SheltieLover Saturday #4

Nine for me either. Except for its demand, it's a worthless asset. surfered Saturday #2

our problem is not crypto, thats just the greediest bastards in the universe tool .... pbmus Saturday #5

The problem is the greediest assholes in the universe are worse than ever. Initech Saturday #8

If we survive till midterms and pbmus Saturday #13

The biggest priority should be de-Foxing our government. Initech Saturday #17

Fox has few viewers compared to podcasts womanofthehills Sunday #24

But the power they wield in the American government is insane. Initech Sunday #25

It's too close to Ponzi. There is nothing behind it, it's just a bunch of tulips. marble falls Saturday #6

Don't disagree, but the same is true times10 regarding the U.S. dollar with almost NOTHING behind it!! InAbLuEsTaTe Saturday #10

Completely Untrue ProfessorGAC Saturday #14

Guess we'll see about that when tRump's global financial policies lead to hyper-inflation & financial collapse... InAbLuEsTaTe Saturday #18

Thank you. PoindexterOglethorpe Saturday #21

Exactly. DFW Sunday #32

The people who are getting rich off crypto are people who you wouldn't trust with 15 cents. Initech Saturday #7

Crypto preferred by 10/10 KentuckyWoman Saturday #9

In the words of Paul Krugman: FalloutShelter Saturday #12

I guess I'm the loan voice of dissent k_buddy762 Saturday #11

Wait A Second ProfessorGAC Saturday #15

Well, I see it as a long term thing k_buddy762 Saturday #19

How does something fall 200%? fujiyamasan Sunday #26

PUFF Cosmocat Sunday #34

I think the expectation is that bitcoin's price will continue to rise fujiyamasan Sunday #31

Lone, not loan voice. PoindexterOglethorpe Saturday #22

I have some crypto- planning on buying more womanofthehills Sunday #23

If you don't mind me shilling Cosmocat Sunday #35

Interesting k_buddy762 Sunday #36

That's smart. Best to never invest what you can't afford to lose fujiyamasan Yesterday #39

You just don't understand the technology/miracle of blockchain/modern investing/money/strategic thinking/the future/econ hatrack Saturday #16

Wise! LearnedHand Saturday #20

I know I SHOULD understand crypto by now DFW Sunday #27

Maybe they were trading on margin fujiyamasan Sunday #29

A margin call would do it, however... DFW Sunday #30

Weird story fujiyamasan Sunday #28

I equate cryto-currency with the derivatives that were so popular 20+ years ago. no_hypocrisy Sunday #33

Posting this past a lot of discussion on crypto, I just wanted to emphasize the danger. usonian Sunday #37

These are magic numbers that are transformed into new magic numbers when you sell them. hunter Sunday #38