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This Drinks Company Renamed Itself 'Long Blockchain' and Its Stock Jumped 238%

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  • #1

    This Drinks Company Renamed Itself 'Long Blockchain' and Its Stock Jumped 238%

    This Drinks Company Renamed Itself 'Long Blockchain' and Its Stock Jumped 238%


    "As with many of the recently christened crypto companies — a list that includes former makers of juice, sports bras and sofas — Long Blockchain so far has little to show for its aspirations. It has no agreements with any blockchain firms, and says “there is no assurance that a definitive agreement with these, or any other entity, will be entered into or ultimately consummated.”

    http://time.com/money/5076078/long-island-iced-tea-blockchain/
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  • #2
    Things are very dot com in this area right now, its fascinating since I havent seen a mania before and its pretty nuts this kind of thing is happening.

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    • #3
      I was going to recommend we change our practice name to Blockchain Medicine and see if we could get listed on NYSE.

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      • #4
        Should I rebrand as "Blockchain on FIRE"? Or "Physician on Bitcoin"?

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        • #5
          It's like 1999 all over again.
          Helping those who wear the white coat get a fair shake on Wall Street since 2011

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          • #6

            The White Coat Investor wrote:



            It’s like 1999 all over again.
            Click to expand...


            Image result for party like 1999

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            • #7
              If they haven't started already, it's only a matter of time before the paid subscription bitcoin newsletters floodgates open...

               

              Hmm...maybe I should start one...

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              • #8
                Yes, it'a starting to get into the best part of bubbles: [inappropriate language removed].

                By my estimation of bubble time, this phase usually lasts less than a year, but I wouldn't bet anything on that.

                When bitcoin breaks, I would start to get a bit more paranoid about the end of the equity cycle. My assumption is (and I could be incorrect in this) that it is good proxy of liquidity and the thus the longevity of this bull market.

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                • #9

                  Dont_know_mind wrote:



                  Yes, it’a starting to get into the best part of bubbles: [inappropriate language removed].

                  By my estimation of bubble time, this phase usually lasts less than a year, but I wouldn’t bet anything on that.

                  When bitcoin breaks, I would start to get a bit more paranoid about the end of the equity cycle. My assumption is (and I could be incorrect in this) that it is good proxy of liquidity and the thus the longevity of this bull market.
                  Click to expand...


                  Now that banks and big bulge bracket firms are getting involved, you may be right. Up until now though its nice as its been contained off market without any tie ins systemically, which I think would have insulated things a bit. Still do, but the money involved is too big to ignore and now we're looking to be involved together.

                  Im sure we'll all learn lots of great lessons that will be remembered for nearly a decade, before the laser skate bubble starts to take hold.

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                  • #10

                    The White Coat Investor wrote:



                    It’s like 1999 all over again.
                    Click to expand...


                    So.... get ready to buy something??!

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