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49603063 No.49603063 [Reply] [Original]

got $10k from my dad as a gift and put it all into avax when it was $80. watched my $10k bleed slowly to $3.3k.
then i decided that i needed to do something and shorted the shit out of eth over the last two weeks.
now i'm at $10.6k. feels great

what should i do now that i got my money back? wait for the bottom or just buy spot over the next months?

>> No.49603093

Nice job man.

>> No.49603156
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49603156

>>49603063

How did you short it?

USDD is depegging and i want to short it

>> No.49603425

>>49603093
thanks.

>>49603156
sold avax for eth and moved it to arbitrum, then shorted eth on gmx.io with approximately 6x-15x leverage.
i was preparing for the arbitrum odyssey and wanted to "farm" their future airdrop using four wallets. by the looks of it that's gonna be a big nothing burger though

>> No.49603636
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49603636

>>49603063
You did well. Had similar experience with SOL. Recover from shorting it. Now I've taken my Ps and staking the rest on holoride token RIDE, for a fixed 25% APY.

>> No.49603643

>>49603156
>USDD is depegging and i want to short it
UST used to be on FTX, not sure about USDD though. after looking on tradingview, i've seen that it's listed on kucoin, poloniex and huobi
take your pick if your confident

>> No.49604530

>>49603063
By unironically putting it back into avax and effectively trippling your stack

>> No.49604943

Oy vey OP you shouldn't gamble with your bar mitvah money like that.

>> No.49605335

>>49604530
This and short LUNC for six figure gains

>> No.49605397

>>49603643
Just checked Kucoin Futures and you can’t short it. Probably because it’s a “stablecoin.” What is its counterpart? It’s Luna, to the UST, If you will

>> No.49606337

>>49605397
What's wrong with just borrowing it on margin and buying USDC?

https://www.kucoin.com/margin/borrow/USDD

>> No.49606437

>>49606337
Ahhh yes, this is perfect. Thanks fren.

>> No.49606508

>>49606337
Also, TRX is it’s LUNA

>> No.49606756

Not sure I see a Tron collapse but this is clown world.

>> No.49607039

good shit degen. respect