Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
1–10 of 27 posts
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#2It really is the Wild West of crypto currency right now.
Greed is going to fuel a lot more arbitrage opportunities like these as people invest in crypto "derivatives" without fully understanding what they are buying.
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#3Cant determine whether this is a PR piece or actually sound “investment advice”
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#4> Citron would not be pounding table if not appropriate,” he wrote. “Thank you for the 70 percent profit.”
So Bitcoin is up several 1000%s on the year and he is beating his chest from a 70% profit on the short side?
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#5Cant determine whether this is a PR piece or actually sound “investment advice”
Assume PR. The investor has already locked this position and by others doing so, the spread will become tighter and he will profit.
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#6> Citron would not be pounding table if not appropriate,” he wrote. “Thank you for the 70 percent profit.” So Bitcoin is up several 1000%s on the year and he is beating his chest from a 70% profit on the short side?
He's not "on the short side". If you read the article, he's talking about an arbitrage opportunity, which if executed properly, should not be net long nor net short.
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#7Citron's entire business is shorting investments and then trying to cause a panic with negative PR to move the market in their favor. It is shocking that what they do is legal.
This doesn't mean they are wrong here, but I wouldn't describe them as a trusted source either.
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#8Cant determine whether this is a PR piece or actually sound “investment advice”
Just because it's PR doesn't make it wrong.
Yes, he profits if you do what he says. But... so do you!
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#9Cant determine whether this is a PR piece or actually sound “investment advice”
PR but it's no more PR than any other pro-bitcoin article that's been on the front page.
Re: Short Seller Says Naive Bitcoin Traders Open a Pathway to Profit
#10> Citron would not be pounding table if not appropriate,” he wrote. “Thank you for the 70 percent profit.” So Bitcoin is up several 1000%s on the year and he is beating his chest from a 70% profit on the short side?
No, he's beating his chest because he's making a 70% profit and he's covered so can't take a loss.