Market Bubbles: How Many Boats are We On?

[agstar77]

How different is the invisible statue from an imaginary coin worth 60000?

[errolanderson]

How different is the invisible statue from an imaginary coin worth 60000?

touche’. . . . doge who?

[beaverdam]

How different is the invisible statue from an imaginary coin worth 60000?

Perhaps there would be others who might need tax relief ( or the publicity), that would value the invisible art at $18,000. But there very well, might not be another buyer in the world. Infact, perhaps the artist of the invisible art, gave the purchaser $18,000 to purchase the art from him, the artist,,, in the first place. Zero cost to the artist,,, and world wide attention to his name and other art.

I hope Agstar, you didn't buy too many of those imaginary coins for $60.000 as they are only worth $43,645CND today. Globally there seems to be enough investors to create a market for this "invisible" coin, but yes, it's value is very shakey. Tax evasion, underground economy, underworld types, mafia gangs, etc probably find this coin useful, plus through in a bunch of speculators with a couple coins or thousands of coins, wha lah, a market.

[furrowtickler]

One thing not talked about , especially by the climate cult is the amount of carbon footprint by the massive amount of energy required “produce” Bitcoin ....
we are living in one Phuket up world right now

[foragefarmer]

How different is the invisible statue from an imaginary coin worth 60000?

Buffet calls it " rat poison squared".

I'll stick to buying Cdn Banks and Cdn Railway stocks. I know they are solid and are great "FOR PROFIT" CANADIAN business's.

[jazz]

You guys are missing the point entirely. Crypto and NFTs are just being used to soften us all up for purely digital transaction using a digital currency backed by nothing and fully controlled by our central banks.

You will be a puppet on a string literally when this transition occurs. Should start raising your agriville social credit score right now.

[LWeber]

How different is the invisible statue from an imaginary coin worth 60000?

Some of you bought into an invisible wheat premium and defended it with every ounce of energy you had because someone told you it was there; but you never saw it.

But many bought it - hook line and sinker.

For shits and giggles - go and read Weisensel's Canada Grain Act report for SK Wheat and justify his comments on his wheat monopoly practices versus what Gray reported.
Be smart enough to read between the lines.

Worried about Bitcoin? - it is a 650 billion dollar unregulated market

Instead, be terrified of the derivatives market.

President Obama didn't have the guts to tackle the unregulated derivatives market after the subprime mortgage fiasco ... even when it was in his election platform

the derivatives market is estimated between 800 and 2000 trillion dollars.
the world's entire GDP is 85 trillion

What do you think the derivatives air is really worth?

That makes an $18,000 invisible sham piece of art a bargain...

[bucket]

Mr. Weber

Is this the one liner that explains the imaginary premium that disappear through the year?

From Ward's submission to Saskwheat.

"""""As a result, in order to clear the market, a significant volume of grain would be traded at values at a discount to U.S. values as that is what it took to sell the grain that was offered for sale by farmers to the CWB at the time."""""

[farming101]

Here's something you can get in on the ground floor.
Disclosure: I do not own shares in any collectible jock straps....

https://app.collectable.com/assets/andre-the-giant-game-used-jockstrap-77 https://app.collectable.com/assets/andre-the-giant-game-used-jockstrap-77

[jazz]

Instead, be terrified of the derivatives market.

Derivatives market is not publicly traded. Its party to party risk.

The risk comes from what source of funding used to make those bets. Leveraged loans in the banking system and stock margins?

There are regular people charging bitcoiners double digit interest rates to lend them money.

Its all just vapor. All of it, futures contracts too.

[checking]

BOAT

Bring Out Another Thousand.

That sounds inexpensive compared to 2000 trillion.

[biglentil]

The talking head economists would have you believe that hot air(money printing)doesn't make the balloon rise.