You might have been able to achieve those returns over a short period of time [edit: posted too early]
by actively investing and absorbing the risks, but would you have offered anyone who wanted you to manage their money a no-effort 7% weekly return on a liquid cash account when you could borrow on better terms from a loan shark?
That's what I said. For a few weeks, there were wild market fluctuations coupled with a lack of dollars to borrow, producing big opportunities for profits, and hence margin traders were willing to pay obscene rates to borrow USD. The only reason it lasted as long as it did is the difficulty of converting from USD to BTC.
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You might have been able to achieve those returns over a short period of time [edit: posted too early] by actively investing and absorbing the risks, but would you have offered anyone who wanted you to manage their money a no-effort 7% weekly return on a liquid cash account when you could borrow on better terms from a loan shark?
That's what I said. For a few weeks, there were wild market fluctuations coupled with a lack of dollars to borrow, producing big opportunities for profits, and hence margin traders were willing to pay obscene rates to borrow USD. The only reason it lasted as long as it did is the difficulty of converting from USD to BTC.