Cryptocurrency Q&A How to long or short crypto?

How to long or short crypto?

IncheonBeauty IncheonBeauty Mon Dec 02 2024 | 5 answers 897
I'm interested in learning about cryptocurrency trading, specifically how to go long or short on crypto. I want to understand the strategies and steps involved in both approaches. How to long or short crypto?

5 answers

Andrea Andrea Wed Dec 04 2024
Conversely, a short position is initiated through the selling of an asset.

Was this helpful?

365
29
EnchantedDreams EnchantedDreams Wed Dec 04 2024
Cryptocurrency trading involves various strategies, one of which is initiating a long position.

Was this helpful?

40
64
JejuJoyfulHeartSoulMate JejuJoyfulHeartSoulMate Wed Dec 04 2024
In most cases, the asset sold is borrowed, and the trader expects its price to decrease.

Was this helpful?

45
99
IncheonBlues IncheonBlues Wed Dec 04 2024
A long position is established when a trader purchases a cryptocurrency asset.

Was this helpful?

83
96
Bianca Bianca Wed Dec 04 2024
The primary objective of taking a long position is to anticipate an increase in the asset's price.

Was this helpful?

364
67

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts