4 ms·

So short them?

• charwalker 4y ago
  The market can stay irrational longer than most can stay solvent. In this case Crypto has been on a tear for a decade and legitimate criticism is shouted down by the raw gains even when rationally Crypto has minimal real world value.
• danuker 4y ago
  Hm, that is a great idea! Had I shorted TerraUSD, I'd have multiplied my bet 111x times. Edit: But knowing WHEN to short it is crucial. Otherwise you drown in interest fees during the short.
  • bombcar 4y ago
    And with crypto you need to figure out if you'll be able to get out with your winnings on your short.
• typon 4y ago
  What guarantee do you have that you will actually be able to execute the Buy order when these exchanges can unilaterally block trades?
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• dragontamer 4y ago
  This "short them" argument is so terrible. Instead of spending my dollars on a speculating on shitcoins, I buy up high-quality instruments. Ex: I-Bonds are yielding 9% right now due to inflation. If you want inflation protection, there are inflation-protected securities to buy. And they're doing really well right now.
  • sumy23 4y ago
    I-Bonds are not a high-quality instrument. They are a small gift from the government. Each person is only allowed to buy $10k. That's hardly enough to qualify as an investment vehicle.
    • saryant 4y ago
      They’re bonds backed by the full faith and credit of the federal government. They’re as high quality an asset as you can get.
      • sumy23 4y ago
        I-Bonds are a small cash gift from the government in times of high inflation.
        • dragontamer 4y ago
          So short them. You see how stupid this "short them" argument is? If you don't like them, then short them. ------ If you don't like them, that's fine. I'll just collect my 9% this year while BTC is... what? Down 18% in a day? You should have sold your BTC at the January high and transferred to higher-quality instruments, like I-Bonds or TIPS
          • sumy23 4y ago
            Sorry, I don't understand. I-Bonds are almost guaranteed to hold their value so shorting doesn't make sense. Maybe you don't know what short-selling is, but it's when you take a position that the price of an asset will go down. The issue with I-Bonds is not they their value will decrease. The issue is that they are a government program designed to offer a small amount of relief in times of high inflation. The government limits I-Bond purchases to $10,000 a year, and their yield is only good in years with high inflation. > You see how stupid this "short them" argument is? If you don't like them, then short them. I mean this in the politest way possible, but you should consider that you don't fully understand types of investments and short selling if you think the statement "short I-bonds" is equivalent to "short crypto" and if you think that I-Bonds can form a major part of an investment strategy.
• moneywoes 4y ago
  How, from ftx?
• bigbillheck 4y ago
  I've compromised my ideals for money enough times in my life, I'm not going to make it worse here.