Post
Topic
Board Speculation (Altcoins)
Re: Why is no one talking about shorting alts?
by
Febo
on 10/05/2021, 15:06:13 UTC
Why is no one talking about shorting alts?

Monero is the most shorted coin. It sort of looks unreal since shorters have or infinity money or Bitfinex just make those shorts up. No other coin have at least a bit similar short longs ratio as Monero have.

why are people shorting monero?

I have no ideas but i can speculate. Maybe they believe that some China or USA ban is not incorporated in the price. Or is just simple market manipulation. Manipulation to buy cheap coins or manipulation to make look some other coin Monero is competing with stronger.