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@Satosora
12 Jun
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on: Is BlackRock Shorting Bitcoin?
bitcoin
Shorting does affect the price though, right? With enough people doing it, it will drag the price down?
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@grayruby
12 Jun
Yes it can suppress the price because shorting is selling Bitcoin you have borrowed.
But shorts can also get squeezed out too and have to buy back higher causing the price to run up quickly.
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@Satosora
12 Jun
That needs more to cover that position, like the gme thing?
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@grayruby
12 Jun
Yes exactly.
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@Satosora
12 Jun
Hhhmm..is it bad to hope for something like that to happen again? I wouldnt mind btc rising quite a bit.
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@grayruby
12 Jun
Bitcoin will do its thing in time. Just keep exchanging melting ice cube fiat for sound money and you will do just fine in the long run.
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@Satosora
12 Jun
True. Patience is a virtue, as they say.
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