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$BEAT I have been shorting for so many years and lost millions, from mainstream coins to altcoins, to gold, silver!
I have also made money from shorting for over a year, from $40k to $620k, but what happened? It’s still like burning firewood in a thousand days in one day!
Shorting often makes money, many times the principal has multiplied dozens or hundreds of times! But every time, the ending is a clean slate!
Shorting is really for fools, whether it’s Bitcoin, Ethereum, BNB, Dogecoin, with market caps of hundreds of billions, hundreds of billions, trillions, they all started from market caps of a few million, tens of millions, and gradually grew to now!
Look at silver, which has increased nearly 5 times in the past two years, with the largest dip not exceeding 15%, only starting to pull back after reaching a high point in January!
Look at the Nasdaq index, which has risen for decades, and those who shorted the Nasdaq over the years are all dead!
Look at gold, which has risen for more than 20 years!
The capital market has bubbles, possibly hundreds, thousands, or tens of thousands of times!
In the future, there will definitely be other so-called altcoins, with market caps rising to hundreds of billions, trillions, even replacing Bitcoin, all possible!
Shorting is only once and countless times! Going long makes big money, shorting makes quick money.
Quick money is like drug addiction; once you taste the sweetness, you simply can’t stop!
Finally, I understand that the prohibition of shorting in A-shares is to protect retail investors, otherwise, there would be daily suicides.