As a novice Bitcoin trader, it may seem logical to think that long and short trades are pretty much equivalent. You decide if you think price is going up or down, and long or short it accordingly, right? But that ignores the asymmetrical nature of the two options, as Scott Melker, a trader at TxWestCapital tweeted yesterday. Even a short from all-time high to bottom was less profitable than a long from that bottom backRead MoreThe post Bitcoin Upside Potential At $8k Is Far Greater Than the Down appeared first on Bitcoinist.com.
