Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by shuntress on Friday June 17, 2022 @02:44PM
(#31782568)
I understand that speculative trading exists.
I'm saying people will continue to speculate on soybeans because they will always have some value.
With a purely speculative asset, the market will eventually run out of "bigger fools". At that point, any speculative trader will look at the asset and say "Why would I pay more for this than the 0 dollars it is worth?"
I'm saying people will continue to speculate on soybeans because they will always have some value.
With a purely speculative asset, the market will eventually run out of "bigger fools". At that point, any speculative trader will look at the asset and say "Why would I pay more for this than the 0 dollars it is worth?"