4 ms·
> 24x avg. daily withdraws Something something about sudden black swans and fat tail events. It doesn't even have to be about FTX either, can be anything, if
by Bubble_Pop_22 4y ago
> 24x avg. daily withdraws
Something something about sudden black swans and fat tail events.
It doesn't even have to be about FTX either, can be anything, if Musk takes more drugs than usual and tweets something like: "Lost all my faith in Crypto, now is mortal enemy!" you'd go way above 24x the withdrawls happening in an avg. day.
This is pure greed. From everybody involved, and I mean the users too! How greedy you have to be that you cannot take 4 days to send/receive an international wire. Nobody trades 24/7/365, when you are done trading just take 4 days to extract the money from exchanges , let it reach you bank and park it in cash or Treasuries. Now the option became availible to also earn interest from your bank. First time in 10+ years.
If you don't do it then these people are gonna do it and put your money to work for them (not for you) and you'd never know about it unless something like this black swan happen.