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This was fifteen years ago. I realized that something was coming up and decided to sell fonds titles. I opened the online banking system and sent the order. Two
by _nalply 5y ago
This was fifteen years ago. I realized that something was coming up and decided to sell fonds titles. I opened the online banking system and sent the order. Two days later the crash happened.
Have I been lucky? No.
The bank patiently waited three days before executing the order.
I am afraid they immediately sold the titles and kept the difference. After all no risk here. If the prices would have went up they just would have backdated the sell. I realized why bankers are rich. They have the power and can turn the game to their profit. They just have many possibilities to tweak something such that I lose. </tinfoil>
Ten year later I retried somewhere else, crypto, to realize that the same crowd is also in crypto.
Luckily I didn't go all in. Twice. I can afford the losses.
- llampx 5y agoThis... I can't even understand this. Couldn't you sue the bank/broker for this? Adverse execution?
- _nalply 5y agoIt's covered by their terms of service.
- tluyben2 5y ago> to realize that the same crowd is also in crypto. If you bought btc/eth; so far the crypto believers have been right about one thing at least; when your holdings are down, just hodl. I am aware this can backfire terribly and I have no holdings, but for 12some years, they have been right.
- attilaperez 5y agoFresh buy-side momentum and value distortion such as Tether drive up the price. Once that flatlines or even slows down, you get hell. >for 12some years, they have been right. This is akin to a child counting on the toothfairy. https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/ https://protos.com/tether-papers-crypto-stablecoin-usdt-inve... ^ Very eye-opening look at the true playbook behind the crypto space. It's very much run by CBOE-derived quant firms running the economy like a casino.
- tluyben2 5y ago> This is akin to a child counting on the toothfairy. I am not recommending anyone does this; I would never and, like said, I do not have any crypto (I had in 2017); I was just commenting that they were right so far, which is indeed saying I am immortal because I didn’t die.