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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
by shuntress 4y ago
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?"