Literally my only financial regret is not shorting his bullshit meme coin when it first surged, because I couldn’t figure out how to get everything in place fast enough.
Like I said, I couldn’t figure it out. I’m sure there are some less than reputable sites where it’s as risky to do a short as it is to put your money in the platform lol
Now that I think about it I probably could have found some sort of gambling site that did the equivalent. “Pays out X if Trump’s griftcoin dips below Y by [date].”
Exchanges typically do this. Ironically its also harmful to the libertarian side if the movement. Keeps the coins use as speculation rather than currency, centralized since you are using a broker, and bonus is that it defeats anonymity as most brokers need to follow kyc laws.
Tho the real harm is the free market itself. No one cares about moving to it and the rampant scams deter mass adoption (even if people wanted). Neat microcosm of libertarian ideals.
Literally my only financial regret is not shorting his bullshit meme coin when it first surged, because I couldn’t figure out how to get everything in place fast enough.
You can borrow crypto these days?
Like I said, I couldn’t figure it out. I’m sure there are some less than reputable sites where it’s as risky to do a short as it is to put your money in the platform lol
Now that I think about it I probably could have found some sort of gambling site that did the equivalent. “Pays out X if Trump’s griftcoin dips below Y by [date].”
Its easy but risky
Liqudates your assets (on kraken) if the leverage crosses a threshold
Just use the (free) kraken pro site
Long short etc
Read their docs
Kraken
Looks like the big crypto exchanges allow you to borrow/short sell.
There are crypto companies that are publicly traded as well as crypto ETFs. You could short sell those.
Personally,I wouldn’t risk it with how crazy crypto is. It’s seems way too easy to manipulate.
Exchanges typically do this. Ironically its also harmful to the libertarian side if the movement. Keeps the coins use as speculation rather than currency, centralized since you are using a broker, and bonus is that it defeats anonymity as most brokers need to follow kyc laws.
Tho the real harm is the free market itself. No one cares about moving to it and the rampant scams deter mass adoption (even if people wanted). Neat microcosm of libertarian ideals.
Seems you could have done that when you wrote this comment based on this nights news… bad luck mate
Blast!