SHORT !
- Thread starter SKULL
- Start date
It's essentially gambling. It may be more calculated but most of the time rather than betting on the fundamentals, you're betting on the psychology of the market.
"I think that other people are going to think this will go up/down too".
The justification is usually the fundamentals of the asset, but the price action is often the psychology of the markets.
Naked shorting is when he doesn't even buy the coins off his friend first, but still sells a promise to the market as if he actually had them. That shit is dodgy as F.