I could see the usg adopting the technology, but I think they would clone it so they could enrich the preferred insiders instead of the Bitcoin holder. Greed rules.
Well, I said it was worthless back at 3,000... now look 4,000 I still think it is nothing but a craze/mania... but I guess enjoy the ride while you can. I still say when it is over, it will be very ugly. Like a flash crash.
I myself believe the same...even back when it was around 500. Yet, regardless if its going Up or Down...nothing illegal about trying to take advantage of it. In fact, if I had a strong bias its going to collapse, drop significantly or anything like that...that too can be taken of advantage. Simply, its ok if we have strong opinions either way. The issue is can it be exploited considering we're traders and capitalists unless those that have strong opinions are not traders.
And in 2013 I said it's an invention worth a nobel-price. Said it would be worth $7000, at the moment it was still $100. And now after being in this crypto-scene for 4 years I'm even more optimistic that this will never go away. Just like the car replaced the horses, the television replaced the radio, the Internet replaced the Fax. Just your "said" against mine....
Nothing wrong about trying to trade it. It's good to have some additional liquidity. But be very cautious to Short it, as the forces are up for 9 years already.
Correct me if I am wrong, but if you go short and it goes to 0, you can only make 100% unless you pyramid.
I'm a trader first, never gonna short something in an uptrend. Even if this signaled a short to me I wouldn't trade it, the counterparty risk is unacceptable. I've said it before if I want make a super risky bet I will do it on options or futures. At least I know I'll get paid if I win big.
you're right but i was thinking of bitcoin CFDs which allow you to trade the bitcoin spot with 33x-50x
even so, your risk is also magnified by the same multiple. your original post still does not make any sense to me.
you're right i was just rambling in my mind: i was comparing long bitcoin with 1x leverage to shorting a small margin of btc with 40x and bracing through the vol till it happens.