el kaka22
Legendary
Offline
Activity: 3738
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
|
|
May 05, 2021, 03:40:38 PM |
|
Switching to fiat is for me. I do not like fiat at all but that shorting btc thing is not just a method where you could hedge against a drop, but it is also a method where you could lose money. When you switch to fiat, and price of bitcoin goes up, you only lost a chance to profit, whereas when you short against bitcoin you are not only losing a potential to profit, but you are also losing a lot of money as well. This is why I personally do not short bitcoin and it is really against the whole idea of bitcoin for me.
I am not saying bitcoin will never fall, it does have corrections time to time and we lived that, however I just believe that bitcoin is against inflation and fiat is not which means fiat will keep losing value whereas bitcoin will keep gaining value in the long term. So, shorting bitcoin is not something I would consider, it just doesn't make sense.
|