I love how SideShift.ai and USDH allow permissionless 'shorting' of BCH. When price spikes, it is usually followed by a correction. Those tools allow people to buy the dip and sell the peak, improving price stability.
Playing to my strengths. It's an SLP token. I understand the tech. Plus I've read the audits of the company and verified they are as legit as it comes.
Thanks just checked it out, didn't know that it's SLP. Actually seems like a pretty legit project. I definitely feel safer to keep my stable coin in a BCH wallet.
When you short the most you can gain is 100% and that is if the crypto goes to zero. On the other hand if it goes up and you can't get out, you can lose everything you own.
My paycheck is in BCH. I constantly buy and sell in order to acquire *more* BCH. I only trade small amount. e.g. I'll sell $1,000 of BCH at $420 then buy it back at $320.
If you live in the U.S it just doesn't make sense to do that. If the profits bump you into the next tax bracket, then your profits are eaten up by taxes.