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147 sats \ 7 replies \ @byzantine 17h \ parent \ on: Fold (FLD) had a tremendous Q2 earnings call adds 10k new customer accounts Stacker_Stocks
i'm betting they lose money on the credit card (most companies use it as a loss leader like costco) and doubtful there is any uptake of bitcoin gift cards
Well your short position should do very well then. If so bearish put you fiat where your thesis is
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not shorting just betting it won't outperform bitcoin so i'm not participating
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How are you betting with nothing at risk.
If you were true to your convictions you would profit from it. That is why we all buy Bitcoin
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I took the amount that I would short it with and bought bitcoin instead
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Which pumps folds bags because they keep bitcoin on the balance sheet and Bitcoin is scarce
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you are right. good luck. i hope you make a ton on fold. am just putting out my research and opinions.