Re:The Bit Short: Inside Crypto’s Doomsday Machine
by leppr on Friday January 15, 2021 @06:42AM
(#25789710)
> Why not do it, you can hold a bitcoin future going short for the next year less than a coffee per / $1k, why not do that?
Assuming you have enough collateral, you currently even get paid money to hold a short.
As to your general point, I'd avoid holding the view that a 7 or so years old business can't fail as any kind of general truth. I know many smart people who are extremely bullish on cryptocurrencies, with huge investments. None of them think Tether will not fail one day. Everyone is playing the current market as a bubble.
Assuming you have enough collateral, you currently even get paid money to hold a short.
As to your general point, I'd avoid holding the view that a 7 or so years old business can't fail as any kind of general truth. I know many smart people who are extremely bullish on cryptocurrencies, with huge investments. None of them think Tether will not fail one day. Everyone is playing the current market as a bubble.