pull down to refresh

31 sats \ 5 replies \ @grayruby 12 Jun freebie \ parent \ on: Is BlackRock Shorting Bitcoin? bitcoin
Yes it can suppress the price because shorting is selling Bitcoin you have borrowed.
But shorts can also get squeezed out too and have to buy back higher causing the price to run up quickly.
write
preview
20 sats \ 4 replies \ @Satosora 12 Jun
That needs more to cover that position, like the gme thing?
reply
20 sats \ 3 replies \ @grayruby 12 Jun
Yes exactly.
reply
20 sats \ 2 replies \ @Satosora 12 Jun
Hhhmm..is it bad to hope for something like that to happen again? I wouldnt mind btc rising quite a bit.
reply
20 sats \ 1 reply \ @grayruby 12 Jun
Bitcoin will do its thing in time. Just keep exchanging melting ice cube fiat for sound money and you will do just fine in the long run.
reply
21 sats \ 0 replies \ @Satosora 12 Jun
True. Patience is a virtue, as they say.
reply