If you look through the trading statements, Cordier did in fact hedge his bets. What happened was the perfect storm where his hedges turned the opposite way at the same instant his NatGas strangles spiked.
Three Arrows defaults on 670 MM
- Thread starter Pekelo
- Start date
If you look through the trading statements, Cordier did in fact hedge his bets. What happened was the perfect storm where his hedges turned the opposite way at the same instant his NatGas strangles spiked.
All the crypto defaults combined are nothing compared to what happens in equities each year. Calm down
So you are using the "others steal too, so it is OK to be a thief" defense? Nice...
nice T-Shirt would be
"CRYPTO DOES SCAM BETTER"
"CRYPTO DOES SCAM BETTER"
this is what many get wrong. Yes tons of fraud especially in NFT and high yield BS. but the biggest fraud is not crypto (nothing wrong with BTC or Ether), but it’s valuation. Stable coins like Tether created biggest financial fraud the world has ever seen, if Tether implodes, then and only then we will know the real value of BTC.
you're probably too young and too inexperienced to remember Valiant Pharmaceuticals...
Perhaps you should print those t-shirts and sell them. You'd recoup at least a part of your trading losses
Are you Russian? Because you use Russian "logic".
valiant was baby play compared to crypto valuation fraud
Never heard of Russian logic before. Basically I just keep teasing this poor soul @JackMorgan so he has someone to talk to. He posts so much BS each day that nobody else wants to reply anymore.
If it were not for the bears that haven't even read the white-papers yet, then blue-chip cryptos would be even more expensive than they are now.
Relax and take advantage in the fact that not everyone does their homework. Let the price-discovery process work its way out and enjoy the process.
Relax and take advantage in the fact that not everyone does their homework. Let the price-discovery process work its way out and enjoy the process.