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/biz/ - Business & Finance

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11283816 No.11283816 [Reply] [Original]

>buy BTC at price X
>at same time short BTC at price X
>if price goes up, your holding goes up
>if price goes down, your short makes money

is this foolproof way to make money?

>> No.11283830

>>11283816
you are going to need tight stops b/c if it goes up enough your short will get liquidated, and it'll off set your profits from the hodl position.

>> No.11283834

>>11283816
Yes, you're a genius.

>> No.11283865
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11283865

>>11283830
Just put half on shorts, ie 1BTC holding, and .5 BTC used for leverage. You literally cant lose if BTC goes up enough

>> No.11283876

>>11283834
this.
the perfect strategy, op.
step away from /biz/, the'yre gainz goblins.

>> No.11283908

>>11283816
No, you make zero.
>long at 100 short at 100
>price goes to 105
>you make 5 on the long and lose 5 on the short.
Reverse if price goes down. Plus you get eaten by short fees and interest. So a foolproof way to never make money. Congrats

>> No.11285020

>>11283908
who the fuck said long ?

>BUY BTC

>> No.11285124

>>11285020
this, OP is actually a genius

>> No.11285138

>What are maker / taker fees, the thread