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Markets also valued beanie babies highly for a while. Pretending that markets are purely rational is going to get you hurt. If the case is that Tether is actua
by village-idiot 8y ago
Markets also valued beanie babies highly for a while. Pretending that markets are purely rational is going to get you hurt.
If the case is that Tether is actually insolvent, then history gives us a very good example of exactly what’ll happen once the run starts.
- darawk 8y ago> Markets also valued beanie babies highly for a while. Pretending that markets are purely rational is going to get you hurt. My point isn't that the market is rational or perfect. My point is that they could have hedged.
- village-idiot 8y agoAlmost impossible to do when the markets are rigged. I believe for a while Bitfinex would let you wash trade with your own account, that’s how poorly run these markets were.