Post
Topic
Board Trading Discussion
Re: switching to fiat money vs shorting Btc as a consistent hedging strategy
by
niccolo_21
on 30/04/2021, 16:14:22 UTC
it is better not to converting all capital into fiat USD or GBP that does not happen until greed begins to dominate the market and begins with unnatural highs that many believe that the price will not fall at it. Which will most likely happen after the price breaks 100k level.
Shorting is for a short time investing with amounts less than 40% of the capital.
you are right, as I've already stated some posts ago I have sold 3/4 of my position after transferring to binance and I am always ready to open a new long.
Today I was caught by surprise, and couldn't foresee such a spike up, or I would have opened a long position.

if we reach 100k in the next months as you say, I hope I will be in with more than 1/4 as of now