4 ms·
It is very rarely that there is only one fishy thing about bad business. Bad businesses are run by bad people and bad people can't really help themselves but be
by twawaaay 4y ago
It is very rarely that there is only one fishy thing about bad business. Bad businesses are run by bad people and bad people can't really help themselves but be bad in a lot of things they are doing (it is a matter of character).
In almost every case those bad deals had red flags all over them if you only care to look.
"Crypto" is red flag enough -- anything about it should already be treated with extreme caution.
It has always been interesting to me to see people go do a version of a woman falling for a man who mistreated his ex wife. No. If he mistreated his ex wife it is very likely he will do the same to you. It is a matter of character and changing ones character substantially is very difficult because it requires you to have qualities that you are missing if you are a bad person.
- gjvc 4y agoIt is very rarely that there is only one fishy thing about bad business. Bad businesses are run by bad people and bad people can't really help themselves but be bad in a lot of things they are doing (it is a matter of character). This is very true. If you've ever had a "bad boss" at work, chances are that they did not do just one thing, but many things that were bad / against other people's interests.
- danuker 4y agoI agree anything crypto-related needs an analysis of what happens in a 99% drop. That is because even Bitcoin crashed 70%+ quite a few times since inception. As such, leverage is reckless. An exchange should not have been exposed to price fluctuations. Only to trading volume (if the fees are proportional to the amount exchanged).