hey haejin your thoughts on shorting btc?
also anyone else thinking of shorting btc?
im thinking of shorting btc with bts as collateral
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hey haejin your thoughts on shorting btc?
also anyone else thinking of shorting btc?
im thinking of shorting btc with bts as collateral
ALSO.....I shorted the other day, and let me give you a MAJOR warning on shorting in such a big crash.....the prices fell $500 in an instant...sounds great for me right? Nope. The market got overwhelmed and all buys and sells were frozen or denied outright. I BARELY profited once the orders went through. When it crashes, you won't be able to make market moves, and the loaner has the right to take their money back at any time.
wow thanks for the heads up
Don't overlook the fees associated with that either. If it does not fall, or a secondary count comes into play, you an loss hundreds, thousands, etc in fees alone, depending on your investment.
im using bts dex so shorting only cost pennies but still thanks for the advice. good to know
I don't think we'll see a crash till the hard fork. We may see setbacks. But I don't think it's safe to short unless BTC goes past $7K or we pass the hard fork date. BTS might still get damaged from a BTC fall. I normally short with USD as we are cursed to be dragged down by BTC every time things go south.
Even after the fork the crash may stop in the middle and go further up till November and then we'd get a real short opportunity. I really hope sub $500 BTC would be possible as @haejin predicted.
BTW respects for having the balls to think about shorting BTC!
wow awesome insight thank you sir!