Discover and read the best of Twitter Threads about #ILLIQUID
Most recents (3)
Ehi there #Crypto and #macro Twitter
Time for #market analysis #Number12!
"Quiet, before the storm"
I will explain here what happened since last week, and cover the broader #economy as it breaks
I will start from #onchain #BTC, going into #Technical Analysis + #macro🧵
Time for #market analysis #Number12!
"Quiet, before the storm"
I will explain here what happened since last week, and cover the broader #economy as it breaks
I will start from #onchain #BTC, going into #Technical Analysis + #macro🧵
Stupendous #returns in various schemes of 6 wound up schemes including flows from segregated portfolios. I do not think anyone in their wildest dreams had thought of such an outcome a year back. #XIRR is the right way to gauge returns as payments were recd in different tranches. 
Also, give credit where it is due. All this has happened only due to sale of the so called quote-unquote, #ILLIQUID, #LOWQUALITYDEBT. These were sold at huge premiums within a span of 12 months (6-8 months were wasted in court cases, voting for winding up etc).
These securities were sold seamlessly by another Fund House due to Court Order. This was possible only because underlying securities, structures, quality, etc was good to start with created by the #FundManager of @FTIIndia
theblockcrypto.com/genesis/85329/…
Cred's downfall left more questions than answers, which is, unfortunately, common in the still-nascent cryptocurrency industry. #Bitcoin
Luckily, there is a trail of online ‘bread crumbs’ 🍞and court filings that help paint a picture. 👨🎨
Cred's downfall left more questions than answers, which is, unfortunately, common in the still-nascent cryptocurrency industry. #Bitcoin
Luckily, there is a trail of online ‘bread crumbs’ 🍞and court filings that help paint a picture. 👨🎨
It is best to start at the inception of Libra Credit, which conducted an ICO in Q2 2018. #Ethereum
The company successfully raised $26.4M in the LBA Token offering between May 1st and May 5th, 2018. 💰
The company successfully raised $26.4M in the LBA Token offering between May 1st and May 5th, 2018. 💰
Little did investors know that the $LBA Token would descend toward the abyss post-ICO. 📉📉📉
This is an all too familiar tale from the ICO-era of digital assets. 🙄
Unfortunately for the Cred community, the damage doesn’t stop with a token that lost over 96% of its value. 🙁
This is an all too familiar tale from the ICO-era of digital assets. 🙄
Unfortunately for the Cred community, the damage doesn’t stop with a token that lost over 96% of its value. 🙁
