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Yes short a company that just today their stock went up 24% as a substitute for shorting tether that can never go up above $1 that should lower your risk.
by drexlspivey 4y ago
Yes short a company that just today their stock went up 24% as a substitute for shorting tether that can never go up above $1 that should lower your risk.
- bluecalm 4y agoDon't short it. Buy long term put options and roll it. It's a better way to bet on a collapse. As to it going up today, it's still a 20b company with huge operational costs and no profits operating in funny money world full of scams, regulatory risk and having very little growth potential (after 13 years of crypto there is still no use case other than going around or breaking the law and it already reached its Super Bowl ads state so it's not like any more adoption is likely). Yes, you already missed the biggest gain as it's already worth about 25% of what naive public paid but there is still one way to go.
- scaredginger 4y agoYou pay through the nose for vol when buying puts on anything that looks like it should blow up