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Let me see if I understand this: I put 10 bitcoin into this bank, and it gets loaned to you. If you cash it out to 10 bucks immediately, and bitcoin later drops
by kerblang 4y ago
Let me see if I understand this: I put 10 bitcoin into this bank, and it gets loaned to you. If you cash it out to 10 bucks immediately, and bitcoin later drops to half a buck, you can buy 10 bitcoin, pay back the loan and keep 5 bucks, right? Not including whatever interest, I guess.
So this is a way to short bitcoin?
Edit: Sorry, maybe just to short Celsius' own tokens, although maybe it's indirectly shorting other currencies