Subscribe to 💯⚡️🧙♂️🪞
💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞$XAI Treasury
Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai. Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles. Let's start with some history. Back in the 20th century, classic value investing was both an art and a sc...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
<100 subscribers
💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞$XAI Treasury
Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai. Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles. Let's start with some history. Back in the 20th century, classic value investing was both an art and a sc...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
Share Dialog
Share Dialog
Trying to navigate the exciting world of shorting Bitcoin in DeFi? You're not alone! This guide breaks down the process for beginners, using tBTC and WBTC in a lending/borrowing platform to capitalize on a potential downward trend. What is Shorting Bitcoin? Shorting Bitcoin is a strategy that aims to profit when the price falls. Here's how it works in DeFi:
Deposit tBTC: We'll use tBTC (wrapped Bitcoin) because it offers a higher interest rate (APR) due to lower supply on the platform I used Shoebill.
Borrow WBTC: With a low lend/supply ratio for WBTC, you might even earn a small APR for borrowing it! Caution: This APR can turn negative, so focus on the price movement, not just the temporary borrowing benefit.
Sell WBTC for Stablecoin: Convert your borrowed WBTC into a stablecoin (e.g., USDT, USDC) to lock in your entry price.
Buy Back BTC at a Lower Price: When the price drops as expected, purchase BTC back with your stablecoin at a discount, pocketing the difference as profit. Why This Approach? This strategy targets profiting from potential sell pressure from entities like Mt. Gox and the German government. The assumption is they'll sell their Bitcoin holdings regardless of short-term price fluctuations. Important Considerations:
Market Volatility: DeFi and the crypto market are known for their volatility. This strategy can be risky, so conduct thorough research and have a risk management plan.
Lending/Borrowing Rates: Don't be swayed solely by a temporary positive borrowing APR. Always prioritize the overall shorting strategy based on market analysis.
Stop-Loss Orders: Consider using stop-loss orders to limit potential losses if the market moves against your position.
Trying to navigate the exciting world of shorting Bitcoin in DeFi? You're not alone! This guide breaks down the process for beginners, using tBTC and WBTC in a lending/borrowing platform to capitalize on a potential downward trend. What is Shorting Bitcoin? Shorting Bitcoin is a strategy that aims to profit when the price falls. Here's how it works in DeFi:
Deposit tBTC: We'll use tBTC (wrapped Bitcoin) because it offers a higher interest rate (APR) due to lower supply on the platform I used Shoebill.
Borrow WBTC: With a low lend/supply ratio for WBTC, you might even earn a small APR for borrowing it! Caution: This APR can turn negative, so focus on the price movement, not just the temporary borrowing benefit.
Sell WBTC for Stablecoin: Convert your borrowed WBTC into a stablecoin (e.g., USDT, USDC) to lock in your entry price.
Buy Back BTC at a Lower Price: When the price drops as expected, purchase BTC back with your stablecoin at a discount, pocketing the difference as profit. Why This Approach? This strategy targets profiting from potential sell pressure from entities like Mt. Gox and the German government. The assumption is they'll sell their Bitcoin holdings regardless of short-term price fluctuations. Important Considerations:
Market Volatility: DeFi and the crypto market are known for their volatility. This strategy can be risky, so conduct thorough research and have a risk management plan.
Lending/Borrowing Rates: Don't be swayed solely by a temporary positive borrowing APR. Always prioritize the overall shorting strategy based on market analysis.
Stop-Loss Orders: Consider using stop-loss orders to limit potential losses if the market moves against your position.
No comments yet