Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by CapmCrackaWaka on Friday June 17, 2022 @02:34PM (#31782431)

All kinds of speculative assets exist solely to hedge and make money on. The algorithmic traders on Wall Street aren’t trading soybeans futures because they can eat them. They’re making money. If people see price fluctuations in anything, and I mean literally anything, there will be people trying to capture those alphas.

I should also point out I’m not bullish on crypto. I just acknowledge it’s unique asset class, and I don’t think it’ll just disappear.

[ Parent | on HN ]

Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by shuntress on Friday June 17, 2022 @02:44PM (#31782568)

I understand that speculative trading exists.

I'm saying people will continue to speculate on soybeans because they will always have some value.

With a purely speculative asset, the market will eventually run out of "bigger fools". At that point, any speculative trader will look at the asset and say "Why would I pay more for this than the 0 dollars it is worth?"

[ Parent | on HN ]

Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by everfree on Friday June 17, 2022 @07:13PM (#31785658)

How long do you predict until Bitcoin hits a price of 0 dollars?

[ Parent | on HN ]

Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by shuntress on Friday June 24, 2022 @01:36PM (#31866315)

Once the last fool has bought in.

[ Parent | on HN ]

Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by everfree on Friday June 24, 2022 @01:50PM (#31866538)

How long until then?

[ Parent | on HN ]