Ibian
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March 12, 2017, 04:35:29 AM

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them. Grin

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

From what I understand, they were trying to corner the silver market using excessive leverage. The banks changed the rules out of the blue regarding margin, eventually forcing a margin call.

So what have we learned? Welp, that's "regulation" for ya folks. And people really wanted this Bitcoin ETF thing to happen?  Pfff. I think Bitcoin would be better off without "regulation".
To be fair leverage is bullshit.