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Just because it might be a bad idea to go long Bitcoin doesn't necessarily mean that it's a good idea to short Bitcoin. As you mention, market timing is always
by microtherion 6y ago
Just because it might be a bad idea to go long Bitcoin doesn't necessarily mean that it's a good idea to short Bitcoin.
As you mention, market timing is always a problem in such trades. A problem more specific to Bitcoin is that the market is not all that liquid, and that it is subject to the whims of some whales. Last of all, I suspect that Bitcoin bets might carry a significantly higher counterparty risk that e.g. shorting TSLA.