What does long and short mean in crypto trading?

1 answers

• Gracious MabhekaApr 18, 2024 · a year ago
  At BYDFi, we understand the importance of understanding long and short positions in crypto trading. Going long means buying a cryptocurrency with the expectation of its price increasing. This strategy is often used by investors who believe in the long-term potential of a particular cryptocurrency. Going short, on the other hand, involves selling a cryptocurrency with the expectation of its price decreasing. This strategy is often used by traders who want to profit from short-term price declines. It's important to note that going short in crypto trading can be more complex than going long, as it may require borrowing the cryptocurrency from a lender and returning it at a later date. Traders should always carefully consider the risks and potential rewards of both long and short positions before making any trading decisions.
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