BonsaiVitality
Mon Jul 08 2024
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6 answers
1561
What is the difference between Bitcoin Longs and Bitcoin shorts?
Could you elaborate on the distinction between Bitcoin Longs and Bitcoin Shorts for our understanding? I'm particularly interested in how they operate in the context of cryptocurrency trading. In Bitcoin Longs, is it essentially a strategy where traders expect the price of Bitcoin to rise, while Shorts indicate an expectation for a price drop? Additionally, what are the risks associated with both these strategies? Are there any specific trading platforms or techniques that traders tend to utilize when executing either a Long or Short position in Bitcoin? Your insights would be invaluable for our readers.
