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May 30, 2017, 12:23:22 AM |
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When you "short a coin", you are basically borrowing that coin, selling it, and than expecting the price to go down to make a profit. If I short LTC, if the price goes up, I lose money and if the price goes down, I get more and more profit the lower it goes.
Some exchanges (not sure which ones) let you short coins. You can make a decent/good profit if you know what you are doing, but it can be quite risky.
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