What are the risks and benefits of shorting Ethereum compared to going long?

1 answers

• Jose Eduardo Cruz CovarrubiasJun 14, 2024 · a year ago
  Shorting Ethereum compared to going long is a strategy that can be employed on BYDFi. Shorting allows traders to profit from a declining price of Ethereum by borrowing and selling it, while going long means buying and holding Ethereum with the expectation of price appreciation. Both strategies have their own risks and benefits, and it's important to carefully consider your investment goals and risk tolerance before deciding which approach to take. BYDFi provides a platform for traders to execute both short and long positions on Ethereum, offering flexibility and opportunities for profit in different market conditions.
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