You are viewing a single comment's thread from:RE: Time to short LTC (At $52.83)View the full contextshaunrosenberg (28)in #cryptocurrency • 7 years ago Brave man! I would not short any Cryptocurrency. Not when they can make a 20% gain in a few hours.
Like there was any reason not to short bitcoin cash at $900 :D But yeah shorting seems way more risky than longing right now, especially as you'll only pocket 5%-10% on a successful short, while 100% is not uncommon on a successful crypto long
Anyway, if you want to protect yourself against the market uptrend, a long-short would suffice.