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CME futures. Go for it. If you thought a fraudulent non-US centralized exchange blowing up would cause it to drop below $100, you may not know anything about b
by dibt 4y ago
CME futures. Go for it.
If you thought a fraudulent non-US centralized exchange blowing up would cause it to drop below $100, you may not know anything about bitcoin.
- neural_thing 4y agoThis is the right answer. If you short crypto through crypto platforms, you take too much counterparty risk. This lets you avoid it, though it only works for Bitcoin.
- mr_toad 4y ago> CME futures. Go for it. Makes me wonder who wants to hedge bitcoins?
- Bluecobra 4y agoCME bitcoin futures are cash settled if you hold it to expiration. If you short, someone else is going long and presumably hedging their bet somehow if it tanks.
- cwkoss 4y agoCME stands for the Chicago Mercantile Exchange - they are one of the most well respected institutions in global finance - not some crypto startup. If you doubt bitcoin's future, there is a way to put your money where you mouth is without having to trust anyone a mutual fund wouldn't.
- xnx 4y agoGood point. I keep forgetting that beyond the pyramid-scheme type aspect of crypto, it has real utility for drug and other illegal transactions.