VERY educational... I understand the shorting phenomena better from reading this.
"Bitcoin futures meant that critics could, for the first time, bet on a bitcoin price decline, buying and selling contracts with a lower delivery price in the future than the price today.
"The advantage for larger financial institutions is that these futures markets also don’t rely on them having to get involved in the messy business of actually buying, holding and selling cryptocurrencies.
"Some have even connected the arrival of this shorting opportunity to the subsequent decline in bitcoin’s price since Christmas."
Continue reading at https://www.forbes.com/sites/oliversmith/2018/07/12/how-to-short-sell-cryptocurrencies-and-why-more-people-arent/
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