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Tuur Demeestr 1y ago

Just closed out my ETH/BTC short. It was mainly meant as a hedge in case of a big Bitcoin selloff, with the thought that ETH would crash harder. I probably broke even on the trade, having had to pay margin interest for about 6 months.

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_ 1y ago

Why did you close the position.

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Tuur Demeestr 1y ago

It’s hard to be bearish on Bitcoin right now, and eth/btc could have found some support

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60868a25... 1y ago

Because bitcoin is probably not gonna crash very hard in near future.

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sudocarlos 1y ago

Broken even against just buying and hodling?

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Kendy 1y ago

He broke even in BTC terms. So yes, I interpret.

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Tuur Demeestr 1y ago

I broke even in bitcoin terms

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Lostdog 1y ago

Paying people who are long ETH seems like a risky and very roundabout way to break even Tuur! Have you considered just hodling instead? 😜

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The Commoner 1y ago

YOU ARE NOT THE TUUR I THOUGHT YOU WERE

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Tuur Demeestr 1y ago

How so? 😄

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The Commoner 1y ago

HEDGING….? YOU CAN DO BETTER!

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Tuur Demeestr 1y ago

😂 I’m also just a man of flesh and blood