March 12, 2020
Is this some sort of joke? You are 12 years too late and a pint short. I NOW understand these instruments and think they are dangerous "big boy" instruments. The warns now in place ought to be sufficient to warn people who want to be warned. Like the entire 21st Century market there is no real price discovery anymore and algos rule. Millions of fools like me who think we're going to get our money out before anything bad happens. So please, this really feels much more like some sort of condescension, then timely, effective regulation. I'm going to go tape a banana to a wall and try to get some BTC billionaire to buy it for 10 million. Now that is profit.