"Profit from Bitcoin Shorting: Where to Make Money Betting Against Bitcoin's Price"
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2023-05-29 05:48
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You can short Bitcoin on various cryptocurrency exchanges, where you can borrow Bitcoin and sell it with the expectation of buying it back at a lower price to make a profit. The profit is made by the difference in the sell and buy back prices, minus any fees or interest paid on the borrowed Bitcoin. Additionally, some platforms offer derivatives such as futures and options, which can be used for shorting Bitcoin without having to borrow and sell the underlying asset.
Release time 2023 05 29