What does Bitcoin short selling mean? (Bitcoin short selling steps)
What does Bitcoin short mean? What does Bitcoin short mean
At the end of 2017, a person named “Musk” said on Twitter that his $5 billion Cryptocurrency had been sold. He believes that the return on this money is negligible. But now this situation has changed:
1. After Musk recently announced to invest in the encryption industry, almost all of his personal account Almost all have suffered losses 2. The price of Bitcoin has also dropped to a low point, and this price has been continuously rising Although Bitcoin does not have as much volatility, it is indeed a good risk management tool, and as more and more investors begin to enter this field, it has developed and grown. Therefore, many people will say that Bitcoin, as an investment product, is a speculative hedging product, just like gold. When we exchange gold bars for precious metals, its price will actually drop a bit; For example, when you buy a piece of silver or a Bottled water, your stock will collapse (that is, if the stock market rises sharply). If you want to make the stock price hit a new high, you can buy a digital currency with French francs
Bitcoin short selling steps
According to btcmanager, Bitcoin prices fell below the key support level of $10000 today. At present, bearish sentiment in the market has seriously spread to the coin circle market. Amidst the struggle between bulls and bears, the Bitcoin market has also shown a downward trend. From a daily perspective, yesterday’s closing price was already below the high of $9160 on February 19 Therefore, short trading needs to be treated with caution, especially if BTC/USDK fails to effectively stand at the 10500 position, which is likely to lead to further dips. Therefore, it is recommended that everyone promptly set stop loss settings and control risks to avoid significant losses; If BTC/USDT does not effectively break through the suppression around 9000, it is recommended that investors consider choosing a short selling approach. At the same time, due to the current intense price fluctuations and relatively shrinking trading volume of BTC, it is recommended that everyone do not rush to buy temporarily.
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