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Because 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 diffe
by piva00 6y ago
Because 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.