Conversation

Jesse Powell
@jespow
I am considering investing in certain emergency-related devices and consumables. I intend to sell at a 1000%+ profit, at a future date. The profit will reflect inflation, opportunity and carrying costs. Q: should I stock these supplies or will I be barred from making a profit?
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Malcolm
@RizeCrypto
If your purchase has to do with this crisis, your ethnics should be questioned. If you were in position for a future crisis, I guess that is fine. Depends on how well you sleep at night.
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Jesse Powell
@jespow
It would be for a future crisis. So, it's ok to profit from a crisis but only if you have set up your position X amount of time ahead of the exit? How much time in advance is enough?
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Malcolm
@RizeCrypto
I just don’t think it is ethical to profit from a future crisis. Definitely not 1000%. Couldn’t tell you what is right but I know that this would feel wrong. For Me.
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Jesse Powell
@jespow
What about this? I can stockpile masks now, and people can get masks later but for $10 instead of $1. OR, I don't stockpile masks now and nobody can get masks later, at any price. Which is better?
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Malcolm
@RizeCrypto
Replying to
@jespow
If that ever changes, I’d love to check it out. I will be teaching a section of crypto to my middle schoolers in the fall. Well... hopefully. 😬
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