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> the difference is that some of us knew it was a scam right away Jeez, you must be a very rich man by now, with all the extensive shorting of crypto this ama
by ur-whale 4y ago
> the difference is that some of us knew it was a scam right away
Jeez, you must be a very rich man by now, with all the extensive shorting of crypto this amazing early insight must have allowed you to execute.
Congratulations.
- cesarb 4y ago> with all the extensive shorting of crypto this amazing early insight must have allowed you to execute. Those who have these insights usually also know the aphorism "markets can remain irrational longer than you can remain solvent".
- polygamous_bat 4y ago> with all the extensive shorting of crypto You mean in unregulated centralized exchanges like binance and FTX, whose entire existence depends on the existence of these Ponzis? When they can just press a button, cause a flash spike, and liquidate all of your winning whenever they feel like it? Yeah, I'm sure that works perfectly. After all, why would they be dishonest?
- dirkt 4y agoKnowing that something is a scam is very much not the same as wanting to get onboard with the scam.
- throwk8s 4y agoThe volatility of cryptocurrencies makes shorting them risky. Even if the eventual value is zero, they might go up to any arbitrary number between then and now.