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If you think Bitcoin has no value, why not short it? Bet on your beliefs. I think it has value, which is why I'm long. Skin in the game > debate
by gge 6y ago
If you think Bitcoin has no value, why not short it? Bet on your beliefs. I think it has value, which is why I'm long.
Skin in the game > debate
- piva00 6y agoBecause the old adage of markets can stay irrational for longer than most people can remain solvent. Betting on a short (even more against BTC) is a very different proposition than staying long on it, they have very different risk and losses profiles.
- gge 6y agoTrue. But in this case the guy doesn't just think that Bitcoin will go down, he thinks it will go down to 0. If you think its literally worthless, shorting could be a pretty good bet.