You are viewing a single comment's thread from:

RE: Fall of Tall

in LeoFinance2 years ago

To be honest, I have no idea what to do with my cash currently. I have about 20% of my retirement investment portfolio in cash right now earning low, short-term yield, until this market figures itself out.

When it comes to transparency, there is good and there is bad. I was originally quite pleased that Celsius was going to do a proof-of-reserves and disclose the positions of all their assets. However, bad actors used this knowledge against the company, took advantage of its illiquid investment positions and started a FUD campaign that eventually made the company insolvent due to the shorting of its investment positions. Sadly there will always be bad actors who take advantage of a system of transparency to amass profits for themselves at the expense of others and I'm not sure how this problem is solved...