People seem to love talking about shorting Bitcoin, and a crash wouldn't surprise me all, but given Bitcoin's meteoric rise recently you'd have to be insane to actually do it.
The problem is that there is no supported mechanism for shorting.
If you have a lot faith in bitcoin, will you lend me some at 0% (or negative, if you believe in growth!) annual interest for a 10 year term? If so, I will take that loan.
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I'll say it again...
People seem to love talking about shorting Bitcoin, and a crash wouldn't surprise me all, but given Bitcoin's meteoric rise recently you'd have to be insane to actually do it.
(https://news.ycombinator.com/item?id=5421675 11 days ago, when the price was about $70)
s/bitcoin/real estate/
Now consider how much more liquid BTC is.
The problem is that there is no supported mechanism for shorting.
If you have a lot faith in bitcoin, will you lend me some at 0% (or negative, if you believe in growth!) annual interest for a 10 year term? If so, I will take that loan.