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 + #macro๐Ÿงต
First of all, if you want to have a deeper insight in what happened the week before, you should check my last #weekly #analysis

I'll put the link here for you:


But let's start digging into this week, should we?
Last week we experienced a rally in #crypto with #Eth leading the way with a speculative date on the merge happening on September 19th.

BTC managed to rally breaking the trendline at resistance and the realized price, but failed to maintain those as support ImageImageImage
Read 23 tweets
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
Read 4 tweets
theblockcrypto.com/genesis/85329/โ€ฆ

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 โ€˜bread crumbsโ€™ ๐Ÿžand court filings that help paint a picture. ๐Ÿ‘จโ€๐ŸŽจ
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. ๐Ÿ’ฐ
Little did investors know that the $LBA Token would descend toward the abyss post-ICO. ๐Ÿ“‰๐Ÿ“‰๐Ÿ“‰

This is an all too familiar tale from the ICO-era of digital assets. ๐Ÿ™„

Unfortunately for the Cred community, the damage doesnโ€™t stop with a token that lost over 96% of its value. ๐Ÿ™
Read 15 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!