Is oil basically a shitcoin now?
Always was, shit is premined by insider dev team.
>>530349467Oil is alive and lubricates all earthly narratives
My life is a shitcan, artificially rendered as well. Hbu? Wanna catch up? lol
yeah I have the source code to the WTI Crude blockchain, AMA
>>530349467Once the reserves drain up, it'll skyrocket. Meanwhile btc is fake.
All commodities are speculative. The announcement about dumping strategic reserves has adjusted the speculation. A retard could understand this but you seem to be struggling.
>>530349467everything is a shitcoin because people are all chihuahuas
>>530349467they played retail for fools
>>530349515This, my lube isn't considered valuable even though it's better.
>>530349600yeah yeah, peak oil in 2 weeks>>530349615>The announcement about dumping strategic reservesThere was no such announcementhttps://oilprice.com/Latest-Energy-News/World-News/G7-Nations-Delay-Strategic-Oil-Reserve-Release-Decision.html
>>530349467I DRAINED MY SWIMMING POOL AND FILLED IT WITH PIL AND NOW IT'S WORTHLESS /biz/ DID THIS TO MEEEEE
>>530349842Even talking about it breeds speculation. Look up the definition of speculation you nigger.
>>530349467Basically its sold in monthly delivery contracts and you have to take physical delivery at the maturity of said contractSo a lot of very rich and very stupid people jumped onto the bandwagon and had to scramble to resell it.They likely lost a shitload of money in the process, too.
>>530350201k but you were wrong: there was no such announcement
>>530350201Your arguing with retards who don't understand even the 35 a barrel price spike in a week is bad enough let alone to explain that literally nothing is indicative of a good time near future for oil prices
>>530349467all assets are shitcoins in the shitcoin casino now thanks to TOKENIZATION!
>>530349467Reptile bloodline insider said its a lie oil depletes. The more you take the more is replaced.
>>530349467How does that work no supplies yet? Number goes down.Something fishy happening
>>530350721See>>530350367
>>530349842>There was no such announcementThe fact that you're even mentioning a meeting about dumping strategic oil reserves means you're very seriously considering it. Because otherwise it would just be behind closed doors.
>>530350367>scrambleIf they are 'monthly' contracts, then at the very least they would have another 20 days to get rid of it. That's not a 'scramble' in the slightest.