JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 22, 2017, 12:17:13 AM


I don't mind giving some benefit of the doubt to various exchange operators or even attempting to ascribe some incidentalness to whatever situation develops - yet you come off as giving way too much credence to them and also acting as if we really know what happened and what is happening.  

The world is much more complicated with a variety of players - and several Bitfinex insiders know a whole hell-of-a lot more than what they are sharing, and no doubt that there is a variety of risk, too, and sure it is much better for many of us that Bitfinex chose to socialize some of the risk (and loss) rather than to run off with bitcoins.. .but in the end, there are a variety of players and a variety of levels information, misinformation and spin - and at this point, we cannot really know the answers to some of the questions that you seem to assume.

I am not giving the benefit of the doubt to bitfinex; I am confident that what their top notch PR squad says is not what is going on. This doesn't mean that the things could be incidental, then exploited. Hell, was Gox an accident?

Fair enough.

I may merely be quibbling regarding how you said something rather than what you said.

I think that we largely agree that there is likely a lot going on and sometimes what they say and what they do can have some variance, too.