Playing on Downtrends, or How to Short in the Crypto Market

in crypto-news •  6 years ago 

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The cryptocurrency market is one of the most volatile there is. The exchange price of Bitcoin or other coins can vary several times a day, first showing growth, then falling, and then growing again, and so on ad infinitum. There are two main models of behavior among the cryptocurrency players just as on the financial exchanges: buying coins at a low price (as most traders do) or buying coins at the time of their peak, at the all-time high price. Of course, it is easier and less expensive to buy currency at a low price and wait for its growth. Not a single coin, however, has shown only growth without falls, so it is important for a cryptocurrency trader to be able to play on downtrends or enter a short position.

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