Shorting ETH

Etherium Dumpster Fire

ETH is captured and It's an unregistered security, not a commodity.

코멘트:

I had a comment asking me how did I short ETH (20x btw).

Basically, I used the Binance futures market on cross collateralized setting and went short ETH and long BTC for the same amount of money at the same time.

This way if ETH is weaker than BTC, the sum will be positive. Even if both are falling, if ETH is falling faster, the short position will bring in more profits than the long position on BTC is losing.

Right now, ETH/BTC pair is down and even though both are falling, my loss on BTC long position is 7% while my gain on ETH short position is 14%.

I hope that clears this up.

When the product you need is not available, sometimes you can make it from scratch by using cross settings.

Generally you should use isolated.

코멘트:

Staking got REKT brooooo hahahaha

코멘트:

I'm not a fan of ETH (obviously), but boy does Gary Gensler shake when you ask him to define ETH as a commodity or a security.

My man is being pressured. Someone is really trying to shut the exits.

www.youtube.com/watch?v=isFseDKX...

코멘트:

I'm moving 100% of all my assets and savings into Bitcoin.
By the end of 2023. I will close all my bank accounts forever.
Also migrating all my business to the Bitcoin standard.
The race is over, Bitcoin won.