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Originally Posted by afc wimbledon
The trouble is i cannot think of any particular reason BTC can't lose almost all its value other than the fact so far it hasn't, that's the problem with an asset with little utility, as such its a hugely risky long term bet.
I will probably put some cash into Boeing pretty soon, it's a dog of a share right now, company is run by monkeys and doors are falling off its planes in mid air, but it is still the 1/2nd largest aircraft maker in the world, I'd guess that is almost certainly going to get reorganized the guys from McDonald will get punted out and the old Boeing corporate culture will return but even if they don't it's sales, it's patents and products give it utility that is predictable, BTC has none of that, it has no reason to go up or down and no one can really predict what it does because of that
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I think Boeing is a good blue chip buy. No matter how incompetent or complacent management gets or how many planes fall apart in the sky, the US government won't let Boeing ever fail, too strategically important of a company.