[ravingraven]

I was short on Tether for years. Had to give up my position because “Markets can stay irrational longer than you can stay solvent."

[Scoundreller]

What’s it usually cost to short a tether for a year?

At least it’s a non-productive asset so that’ll keep the cost down a bit, no?

[Yeahsureok]

That or you were just straight up wrong and bought into the fantasy that gets played out on HN every month.

Tether was taking other end of bitcoin shorts for 5 years. Its fantastically profitable and you bought the manufactured story that they are about to collapse any moment.

[alangibson]

Indeed. Especially when the west in question is systemically important. How were you shorting?

[swalsh]

I gave up my Chinese Market shorts for the same reason