Are there any successful examples of short selling in the cryptocurrency industry?

3 answers

• Nov 28, 2021 · 3 years ago
  Yes, there have been successful examples of short selling in the cryptocurrency industry. One notable example is the case of Bitcoin during the 2017 bull run. Many traders were able to profit by shorting Bitcoin as its price reached record highs. By correctly predicting the market correction, these traders were able to make significant profits.
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• Nov 28, 2021 · 3 years ago
  Short selling in the cryptocurrency industry can be a risky strategy, but there have been instances where traders have successfully profited from it. One example is the short selling of Ethereum during the 2018 bear market. Traders who anticipated the decline in Ethereum's price were able to make profits by shorting the cryptocurrency.
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• Nov 28, 2021 · 3 years ago
  Short selling in the cryptocurrency industry is not something that BYDFi encourages or supports. While there have been successful examples of short selling in the past, it's important to note that short selling carries significant risks and should only be undertaken by experienced traders who understand the market dynamics. It's always advisable to do thorough research and seek professional advice before engaging in short selling or any other trading strategy.
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