We could start another thread specifically on that. I got caught high today. Market turned, not just our friends. Should be temporary.
If you have access to the Canadian market there is an inverse bitcoin ETF. (BITI) The upside of using an ETF is you can only lose what you invest, unlike shorting a stock where you can lose a way more than you put up initially like happened to GME shorts.
Sounds like a plan, however, I fail to understand why shorting the futures contract won't. Isn't the volume sufficient to establish a short position?
As I mentioned 2 issues: 1) Short margin is insanely high. 2) With puts, you risking premium and that is it, shorting BTC when Tether is out there is not for the fainted of heart. I do not see anything yet on horizon just yet that would make me getting those puts. My main candidate for shorting is MSTR.
I wonder who can get some USDT (Tether) without any fiat money? Unless that is possible, Tether is not inflating the crypto market. I do not know a way to get Tether without depositing real USD, maybe someone here can tell me how?
Learning is powerful, knowledge and information is powerful, but sometimes we realize that we donot know whether we know the full information. That is when we follow the trend and have an exit strategy when the trend turns. This will make millions, keep fighting against the trend will make salty dudes.
that is the irony you can not get USDT Unless you exchange it for fiat. But boys who create it out of thin air certainly can, since they are the ones creating it out of nothing.