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A comment on Celsius acknowledges $1.2B hole in balance sheet. Parent comment

Re:Celsius acknowledges $1.2B hole in balance sheet by trixie_ on Thursday July 14, 2022 @10:02PM (#32103783)
For every seller there is a buyer, and many are buying stocks and crypto right now at low prices. And why wouldn't they? The fed is manipulating the market with interest rates, just as they did during Corona. History proves in the long run holding dollars is good for short term stability, but it's a long term loser.
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Re:Celsius acknowledges $1.2B hole in balance sheet by SamBam on Thursday July 14, 2022 @10:19PM (#32103908)
"For every seller there is a buyer" is the kind of meaningless statement one can make any time there is a major downturn or collapse in a market.

1929-1932, the Dow drops 90%. "For every seller there is a buyer, and many are buying stocks [...] right now at low prices." Some people eventually did great, so it's all wonderful, so long as you ignore the staggering pain of the Great Depression.

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Re:Celsius acknowledges $1.2B hole in balance sheet by RC_ITR on Thursday July 14, 2022 @10:41PM (#32104047)
“For every seller there is a buyer, people still love my art” he says as the scrap yard buys his last bronze statue.
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Re:Celsius acknowledges $1.2B hole in balance sheet by trixie_ on Friday July 15, 2022 @12:23AM (#32104585)
Calm down the market isn’t crashing.
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Re:Celsius acknowledges $1.2B hole in balance sheet by FabHK on Friday July 15, 2022 @05:15AM (#32106271)
> History proves in the long run holding dollars is good for short term stability, but it's a long term loser.

Right. That's why one should not hold huge quantities of money for long times, but invest in debt and equity. 10 yr real rates even on treasuries have been almost always positive [1], though shorter riskless real rates have gone negative [2].

[1] https://fred.stlouisfed.org/series/REAINTRATREARAT10Y

[2] https://fred.stlouisfed.org/series/REAINTRATREARAT1YE

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Re:Celsius acknowledges $1.2B hole in balance sheet by SnowHill9902 on Thursday July 14, 2022 @11:31PM (#32104319)
The market is like a theater with a small door.
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Re:Celsius acknowledges $1.2B hole in balance sheet by trixie_ on Friday July 15, 2022 @01:07AM (#32104804)
I guess it works both ways, people panic sell and panic buy. Neither are smart moves.
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