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What is the best way to profit from all this crypto hype, as a rational person who’s convinced all coins will eventually go to zero?
by Lxr 7y ago
What is the best way to profit from all this crypto hype, as a rational person who’s convinced all coins will eventually go to zero?
- tim333 7y agoIronically it may be to buy something like bitcoin and sell when it goes up. Reasoning: a) there are obviously hype believers who will buy and push the price up when optimistic and b) they tend not to sell being believers whereas as a skeptic you can.
- foobarzzi 7y agoYou can go on deribit.com or bitmex.com and buy put options or sell future contracts.
- b_tterc_p 7y agoA rational person would observe that something with no intrinsic value could very well be overpriced far longer than you can afford to short.
- cygaril 7y agoGetting involved is risky - even if you are right (and I think you are), the price could still increase by a large amount for a long time before sense reasserts itself. As Keynes apparently did not say: "The market can stay irrational a lot longer than you can stay solvent." If you hit your trading / credit limits you could lose a lot of money despite being right in the long run. And as Keynes definitely did say, "In the long run, we are all dead."
- anonymous5133 7y agoPretty sure facebook coin is a stable coin. You cant make money trading it. You can only make money by using it for trading.
- WilliamEdward 7y agoScam others.
- rchaud 7y agoStart offering a $99 course on how to profit from FB Libra. Doesn't matter if you don't know anything about it, because the people who buy shovels during a gold rush usually know even less.
- monsterbash506 7y agoIf one thing to declare that cryptocurrencies will "go to zero". It's another thing to have skin in the game. If you are so confident then why not open an account on Bitmex, Kraken, Bitstamp or any exchange that offers leveraged short positions? You say you are confident but will you put your skin in the game?