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RE: July 3rd: What Cryptocurrencies Am I Holding/Trading?

in #beyondbitcoin7 years ago

@nepd you say that you've shorted the USD. Are you just saying you exchanged some USD for BTS? Did you borrow USD to buy BTS?

Also, I find it interesting that you've diminished your BTC and sold off all your ETH. I vaguely understand the upgrade that BTS is over both plays, but those two assets (BTC and ETH) have the largest market caps, the largest communities and the largest number of developers. Clearly the entire crypto space is very risky, but taking the two least risky assets and exchanging them for a more risky piece is more risk atop even higher risk.

Not trying to be a jerk, just want to push back a little to elicit some healthy discussion. Thanks for sharing.

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I borrowed USD to buy BTS using Open Ledger.

I just don't believe in ETH, but I still have a decent (for me) amount of BTC.

I agree this is a risky play on my part, but I have exactly $0 invested in crypto, so this is all pure profit.

Appreciate the dialogue!