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Also, if someone is confident BTC will fall, they should short it and make money on the way back down. But people tend not to do that.
by sillysaurus3 9y ago
Also, if someone is confident BTC will fall, they should short it and make money on the way back down. But people tend not to do that.
- Anderkent 9y agoNot necessarily. 'The market can stay irrational longer than you can stay liquid', etc. To short you not only have to believe something will eventually go down, but that it will go down soon.
- gruez 9y agowhich makes sense, because the market is cyclic, there's going to be a crash sooner or later. crying "it's going to crash" doesn't say anything useful.
- paulpauper 9y agopeople do, but they often lose money and you never hear from them (except for the rare instances where some make money and then they don't shut-up about it)
- ForHackernews 9y agoThere's no good way to short BTC today. Real financial institutions hardly touch it, and if you make a bet on a crypto exchange, there's no guarantee you'd ever get paid. If BTC tanks, likely the exchange will go away too, and you won't be able to cash out.
- rdslw 9y agoYou can easily short BTC since 2014. https://www.youtube.com/watch?v=K844yk2BAuI https://www.youtube.com/watch?v=K844yk2BAuI