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Just trade it with that in mind. Bad news for commodities typically means a constriction in the supply with the same amount of demand. Price goes up, just like
by ringaroundthetx 9y ago
Just trade it with that in mind. Bad news for commodities typically means a constriction in the supply with the same amount of demand. Price goes up, just like with oil or orange juice prices.
People thinking about bitcoin like a company's stock or the stock market contribute to why they can't comprehend the train wreck to all time high prices.
Hopefully there will be good ways to go bearish by the time Coinbase enables Bitcoin Cash.
- danmaz74 9y ago> Hopefully there will be good ways to go bearish by the time Coinbase enables Bitcoin Cash. You can short it on Bitfinex...
- ringaroundthetx 9y agothey will have finished booting out all of the US users by the time Coinbase enables BCH trading.
- prostoalex 9y agoIt's a good step forward, but mature financial instruments like stocks have option contracts, which also allow expressing negative sentiments. Short sellers are vilified by company management, but they do introduce financial discipline and focus on the book value vs perceived value.