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Why I'm not shorting shit.

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by COINS NEWS 107 Views

Because nobody has any fucking idea what will happen in the short or mid term, at all, fullstop, super especially a Redditor.

Here's some non astrology. Based on every piece of data available to us the big daddy is asymmetrically likely to increase in price, rather than decrease in price over time. That means at any given moment we're more likely to see an up walk than a down walk. Based on history it's even likely to do so more often than the stock market does. Bets against the market in general are more likely to lose than win, bets against grandpappy Satoshi are substantially fucking 200% Detroit Smash Plus Ultra worse.

Then this whole thing is compounded by the fact we're in recovery from an absolutely fucking enormous drop, and are still more than 50% below ATH. Shorting literally says I am going to go against everything we've seen so far, in order to risk my future based on a fever dream about a multi layered Bogdanov conspiracy to pump the price for a week. I'm going to choose this belief instead of suspecting that Blackrock like making money, have ETFs for everything, and half their fucking clients want exposure and currently get it through companies that don't profit Blackrock.

So here is what I personally am going to do instead of trying to use the fact I once shorted a ponzi scheme to get Reddit to follow me into flipping a negatively weighted coin like Lemmings. I will continue to DCA over time, or in and out to lower volatility at the cost of potential profits, and continue to not give a fuck what happens over the next year.

submitted by /u/chance_waters
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