RE: Daily Crypto Markets Live Blog: Splinterlands and Axie Infinity Content (09/08/21)

[tfranzini]

I make sure to stay away from that becuse I don't even understand what it fully means lol

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Comments

[jfang003]

Shorting is betting that prices go down. Basically you borrow BTC and promise to pay back the lender later. If BTC goes down, you buy back BTC and give it back to the original guy so you make money. However shorting has unlimited risk because if BTC rises 100x, you basically lost 100x your initial investment.

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[ricestrela]

Good. Point of view very explicit. I agree

[tfranzini]

AH okay, it makes sense

Yea, not for me indeed

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