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An email from a Bitfinex support employee that was sent to multiple users and seen by Business Insider puts it in blunter terms. "Trading is a 0-sum gam
by saas_co_de 9y ago
An email from a Bitfinex support employee that was sent to
multiple users and seen by Business Insider puts it in
blunter terms.
"Trading is a 0-sum game," the email reads. "We cannot start
compensating users who trade leveraged positions and see
their position liquidated. If we would [sic], we would soon
have every user that gets liquidated request a compensation
and users would start to trade at maximum leverage all the time.
A totally reasonable and accurate response which raises the question of why bitfinex paid off people in the exact same situation in the past.