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RE: Thinking about Shorting Bitcoin (BTC)

in #bitcoin7 years ago

Blimey, surely there are easier and safer ways to make $ 😀

My concern with this would be that the future price may bear no relation to coin utility or technical analysis - if and when it goes more mainstream then the average person on the street will be rushing to buy bitcoin because it is the only coin they have heard of. I don’t think utility will come into it so much...

Could be wrong, but I wouldn’t short, just in case - the risk/reward doesn’t seem favourable to me

Cheers

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