News for hackers. Stuff that matters.

A comment on Is There a Cryptocurrency Bubble? Just Ask Doge. Parent comment

Re:Is There a Cryptocurrency Bubble? Just Ask Doge by qznc on Sunday September 17, 2017 @02:54AM (#15268546)
You want to suggest that they would not pay out if Bitcoin crashes to zero? Maybe. They are not regulated after all. They might also be bankrupt before Bitcoin hits zero.

Still, you can short these 30% drops without problem.

Did shorting the housing market work out well in the crash? I remember a movie with Christian Bale, where it did.

[ Parent | on HN ]
Re:Is There a Cryptocurrency Bubble? Just Ask Doge by dogruck on Sunday September 17, 2017 @01:07PM (#15270564)
Yes, some people successfully shorted the housing market. But they did not use bearer instruments to take their positions.

https://en.m.wikipedia.org/wiki/Bearer_instrument

Also, counter party risk was a major issue during that financial crisis.

[ Parent | on HN ]