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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. My point isn't that the market is
by 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.