4 ms·
People have showed conviction by staying away and investing in companies/assets that actually generate returns. Taking a short position in illiquid assets like
by grey-area 4y ago
People have showed conviction by staying away and investing in companies/assets that actually generate returns.
Taking a short position in illiquid assets likely to go to zero would be almost as stupid as going long. You are also highly likely to lose your money as most schemes to short use some other ‘stablecoin’ and you’d have to be able to time the bubble. That’s not a sensible position and just as risky as being long.
Why insert the hur dur?
Mentioning financial regulation in the context of unregulated get rich quick schemes is totally appropriate and people have been warning about these scams for a long time.