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CZ bought a huge amount of FTT. Making wise investments is part of his job and he failed. Why? Because it's absolutely impossible to make rational investments i
by tootie 4y ago
CZ bought a huge amount of FTT. Making wise investments is part of his job and he failed. Why? Because it's absolutely impossible to make rational investments in crypto. Why did he buy it in the first place? What information was available to justify the price of FTT? What calculation did he make that said it would pay off? And what changed to make him sell?
- boomerango 4y agoA slight clarification: Binance owned a 15% stake in FTX and sold it back to FTX for FTT.
- sroussey 4y agoWhich seems like a worse decision, not a better one.