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You bring up a great point - but there's got to be a point where people have to realize that an investment's promised return is simply too good to be true. Tha
by NickC25 4y ago
You bring up a great point - but there's got to be a point where people have to realize that an investment's promised return is simply too good to be true. That realization doesn't have to come by way of having anything besides common sense.
FTX was promising an 8% monthly ROI (or a yearly ROI of 96%, which is absurd). Madoff was promising roughly 10% annually for years until people caught on, that's roughly 0.83% per month. FTX was promising nearly 10% that. Think about that. And that's with their TOS saying they won't use depositor's crypto for their activities with Alameada.
Are people blind? Seriously. Look at this objectively: "deposit your crypto with us, and we'll give you 8% monthly! your crypto is safe, and we promise we won't trade with it."
One needs to only ask the simple question of "how do you make enough money to cover paying every depositor a yearly ROI of 96% if you're not engaging in extremely risky and speculative trading? And if you somehow manage to do so, whose money are you trading with, if you're not using liquidity derived from our token deposits?"