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15d
I love how SideShift.ai and USDH allow permissionless 'shorting' of BCH. When price spikes, it is usually followed by a correction. Those tools allow people to buy the dip and sell the peak, improving price stability.
replied 15d
Good point. May I know why you suggested USDH and not any of the other stable coins in their list?
replied 15d
Playing to my strengths. It's an SLP token. I understand the tech. Plus I've read the audits of the company and verified they are as legit as it comes.
replied 15d
Thanks just checked it out, didn't know that it's SLP. Actually seems like a pretty legit project. I definitely feel safer to keep my stable coin in a BCH wallet.
replied 15d
You have to be a complete moron to short crypto. The reward just isn't worth the risk.
replied 15d
What risk is that? What exactly is risky? And what's the time frame you are assuming?
replied 15d
When you short the most you can gain is 100% and that is if the crypto goes to zero. On the other hand if it goes up and you can't get out, you can lose everything you own.
replied 15d
My paycheck is in BCH. I constantly buy and sell in order to acquire *more* BCH. I only trade small amount. e.g. I'll sell $1,000 of BCH at $420 then buy it back at $320.
replied 15d
If you live in the U.S it just doesn't make sense to do that. If the profits bump you into the next tax bracket, then your profits are eaten up by taxes.
replied 15d
This is true. The tax burden in the USA is onerous.