binaryechoes

that is all. this is not financial advice.

Generally, you short an asset for two reasons: to speculate or to hedge on what you believe to be an overvalued asset.

If this were a rational market, following a linear trend, the price of Bitcoin today would be somewhere in the range of 10-15k. Shorting Bitcoin at 18k, 15k, 12k, 10k, or even 8k during Q1/Q2 2018, I get. But shorting Bitcoin at 8k, 6k, or even 4k during Q3 2018, I don't get.

If you believe in the long term vision of Bitcoin, you see the value and understand why, $6k, as of June 2018, a nearly 70% correction, is no longer an overvalued asset.

Personally, I don't trade BTC, I accumulate during corrections. I welcome the cheaper prices but trying to drive the price down by

This sub has experienced tremendous growth (like many other crypto subs).

This time last year, 1700 subscribers. Today, 47K subscribers (+2500% increase)

It was also trending about a week ago

A little food for thought ...

Anyone know where these new transactions/operations are coming from? Singapore? Blockshow Asia?

Reference https://dashboard.stellar.org

Thoughts? I would rather store the LTC in my wallet than on an exchange. I can use the recovery seed if a catastrophic bug is discovered?