Topic: BCH can now be shorted on Bitfinex (Read 410 times)
I guess this applies to those with cold storage, which now might miss the herd and those high prices, ex bittrex. Insane if you ask me. Wish I had btc at that point. Win some lose some wind up.
Smart move for Bitfinex. Can see a lot of liquidating positions. Short's good long term. And the mad rush will drop it like no tomorrow. But still too risky to do now, wild swings always happen and stop losses will be triggered easily each way.
Deposits are still locked on most exchanges.
Gents, if you have tons of BCH in cold storage unable to move since Western exchanges haven't allowed deposits, you can short an equal amount you have in cold storage on Bitfinex to hedge your position.
So essentially, you will hedge your profits before deposits are enabled and the huge hoard of sellers dump their stash. Or that's what they're saying will happen.
Gents, if you have tons of BCH in cold storage unable to move since Western exchanges haven't allowed deposits, you can short an equal amount you have in cold storage on Bitfinex to hedge your position.
So essentially, you will hedge your profits before deposits are enabled and the huge hoard of sellers dump their stash. Or that's what they're saying will happen.
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