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I was short on Tether for years. Had to give up my position because “Markets can stay irrational longer than you can stay solvent."
by ravingraven 4y ago
I was short on Tether for years. Had to give up my position because “Markets can stay irrational longer than you can stay solvent."
- alangibson 4y agoIndeed. Especially when the west in question is systemically important. How were you shorting?
- swalsh 4y agoI gave up my Chinese Market shorts for the same reason
- Scoundreller 4y agoWhat’s it usually cost to short a tether for a year? At least it’s a non-productive asset so that’ll keep the cost down a bit, no?
- Yeahsureok 4y agoThat or you were just straight up wrong and bought into the fantasy that gets played out on HN every month. Tether was taking other end of bitcoin shorts for 5 years. Its fantastically profitable and you bought the manufactured story that they are about to collapse any moment.