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A comment on Tether Critical Announcement. Parent comment

Re:Tether Critical Announcement by cperciva on Tuesday November 21, 2017 @12:15AM (#15745754)
In the short run, though, arbitrage bots gonna arbitrage.

Don't people who run arbitrage bots usually understand concepts like counterparty risk? Do they not realize that by moving money into Bitfinex they're potentially acquiring a large amount of assets which will end up being devalued?

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Re:Tether Critical Announcement by xapata on Tuesday November 21, 2017 @12:25AM (#15745813)
It might be easier to commit money to an arbitrage bot than to understand the risks involved.
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Re:Tether Critical Announcement by ThrustVectoring on Tuesday November 21, 2017 @12:20AM (#15745773)
It depends on the experience level of people running them. Cryptocurrencies have a good deal of enthusiasts YOLO-ing on them, as far as I can tell.
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Re:Tether Critical Announcement by askmike on Tuesday November 21, 2017 @01:11AM (#15746013)
Can confirm: I created an open source TA tool[1] for crypto markets that can function as a trading bot. If only I got a penny every time someone emailed me saying they are total beginners, looking for help installing it and hooking it up to their $xx,xxx account.

[0] https://gekko.wizb.it/

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Re:Tether Critical Announcement by lawlessone on Tuesday November 21, 2017 @10:50AM (#15748658)
interesting branding :)
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