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Same place the money goes when a stock goes to $0-10, disappears. Stocks, commodities, crypto all operate the same - you essentially hold a ticket for X at X price, if price goes to 0 or low you’re left with an expensive piece of paper saying what you own.
I still believe BTC will likely die a slow death, it can’t operate in any capacity as a trusted financial instrument. It’s volatility means it’s not suited for backing the fed, it’s anonymity works great for money laundering/drugs/organised crime, it’s only selling point is washing money. It was created as an instrument away from traditional banking institutions yet banks and hedge funds are now onboard using it to generate profit. I think FOMO is a massive part of price drive along with the ‘scarcity’ angle - but the idea that it could back government currency is insane, you don’t know how many people in the world own X of bitcoin, some long term holder could sell and cause a run on the price, and the governments lost million/billions.
MSTR is even weirder- buying it through coinbase, seems his only angle is using interest free money to buy up as much bitcoin as possible, in the hope to corner the market and drive price higher?
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Hi All,
Im looking for some period parts to rebuild my friends MTB.
I’m after a Deore LX M560 crankset (170/175mm), black
Also a 26” Ritchey OCR Comp or Rock Comp rear wheel + 8 Speed cassette (11-28/11-32/11-36)
And also if anyone has some cheap 26” tubes, that would be greatly appreciated
Thanks
Al -
Any interest in my Steinhart?
Can be bought from Gnomon £450 + shipping + VAT + import
£350? Happy to send Special Delivery if unable to meet in person
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Amateur question
If I wanted to replace my fork crown for a specific lugset is it more work / expensive to cannibalise my existing fork as opposed to getting one built from scratch?