3 ms·

Yeah, somehow all the crypto naysayers always refuse to put their money where their mouths are. I wonder why.

• currymj 9y ago
  in 2015 i thought cryptocurrencies would probably appreciate so i bought a reasonable amount that was within my ordinary-consumer budget and my appetite for risk. i did okay. if i wanted to do the same thing now but short, i probably could, but wild swings in price would probably result in my being wiped out after a margin call, on top of which ordinary people have no access to any kind of collar. if an asset is difficult to short, you are more likely to end up with a bubble. so, if i'm going to reciprocally assume bad faith, bitcoin bulls have a reason to make short-selling systemically impractical.