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The private sector will have to arrange any acquisition of distressed assets or they will fail and people will get hurt. Lenders will harden and be better equip
by seibelj 4y ago
The private sector will have to arrange any acquisition of distressed assets or they will fail and people will get hurt. Lenders will harden and be better equipped for the future. This IMO is a good thing - there is no one to save anyone and the market will deal with the consequences. I don't care about the impact on prices. Drive the weak players out and let the strong survive.
- ausbah 4y agowhat firms are going to survive this, seems like everyone is being hit hard
- seibelj 4y agoPlenty of firms and trading shops will survive. Not everyone was a total YOLO degen with billions of dollars.
- smabie 4y agoMost trading firms will survive this atleast. Many are pretty prudent, especially the ones that are only managing their own money (prop shops).
- aaaaaaaaata 4y agoFTX, KuCoin, Coinbase, more.
- woeirua 4y agoI think you'll change your tune on this when too many firms fail at once and this becomes a systemic issue.