Long Island Iced Tea Soars 500% After Changing Its Name to Long Blockchain

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by rhino369 on Thursday December 21, 2017 @10:17AM (#15979305)

This probably isn‘t even 1/10 as bad as internet and tech bubble. That had common people throwing their entire 401k into tech stocks.

My dad ruined his retirement fund buying Nextel options that ended up worthless.

Bitcoin is a dumber bubble though.

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Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by cableshaft on Thursday December 21, 2017 @10:42AM (#15979526)

There are people putting their life savings into bitcoin. You'll see those stories pop up from time to time on the bitcoin subreddit.

I've only got in it what I can afford to lose, personally, which isn't a whole lot, but it's still some skin in the game, at least.

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Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by kuschku on Thursday December 21, 2017 @10:56AM (#15979672)

Several japanese retirement funds announced they’re going all in on Bitcoin, according to what I’ve heard.

Even the rumors show that this is going in the same direction.

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Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by Kiro on Thursday December 21, 2017 @10:23AM (#15979357)

I don't think we've seen anything yet. Imagine the crash when Bitcoin is $1M or $10M. I don't see that as an impossibility.

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