There's no money in shorting it. If I shorted 100K I would have made 25k.... IF I played it PERFECTLY. That's less than the dividends that can be collected in the same time while taking no risk.
short squeeze US crypto markets are closed and they do not allow 50x leverage. I do not think this is illegal
I'm not even trading or paying attention right now lol...just popped in and posted a chart on the fly...you guys ever get tired of me being right?
No doubt now!!!!! $95k+ Though soon it will reach prior consolidation zone, so a pullback is obviously expected.
Well let's just take CONY. If you got into CONY with 100k near the end of October you would have about 7-8k shares. I just used the higher $14 per share giving you 7142 shares. This was right before the run of bitcoin to ath's and subsequent shorting opportunities. This would have been your payout since Nov. Do you think you can do better than 37k in that time frame shorting? Remember this is without doing anything...no timing necessary. Sure you may have suffered a paper loss of 28k if you haven't been averaging down, but same as if you were just holding bitcoin...except you are getting paid the whole time. When it recovers you will get paid plus pnl. Or I would generate income selling puts to load up on cheap shares.
Hmmm. I like dat. It would make for a good lyric to build the hook of a DOGE song around. "...Now the math it ain't a-mathin' But Elon keeps on pathin' Down a road That few can fathom And all the while... ...All the WHIIILE Ol' Trump -- He keeps on wrathin..." Yeah I know.. I do like that line though.
I had no idea there were companies out there paying monthly dividends that high. I’ve gotta learn more about that stuff.
It already did… The open on the wuarterly candle is 93,500. I find it unlikely that it doesn’t move significantly up if it clears that candle and gets back in the box. Way too move leverage on this instrument not to get a major move with shorts around there.