Monday, February 5, 2018

Bitcoin: "There's something wrong with our bloody ships today, Chatfield"

Comment of Admiral Beatty to his Flag Captain at the battle of Jutland after HMS Queen Mary blew up, 31 May 1916. It was the second of his ships to be destroyed in 25 minutes:
16:00 hrs-16:05 hrs, Indefatigable explodes leaving two survivors.
16:25 hrs, Queen Mary disintegrates, twenty survive.
2200 of his sailors vaporized.
Admiral Beatty was a bit of a dimwit so he was, of course, promoted, appointed First Sea Lord and granted an Earldom.
Although I had posted the story a few times previously, the most memorable usage was on September 15, 2008:
Things that make you go "Hmmm" (AIG; LEH)
Watching Lehman crossing on the tape at two bits. The world's largest property casualty insurer in the $5's. Hmmm. ...
 "There's something wrong with our bloody ships today, Chatfield" 
Bitcoin $6,958.70 down 1,258.90 (-15.3196%) and off considerably from the all-time high.