Which digital assets should I have shorted in 2017?

6 answers

• Mar 19, 2022 · 3 years ago
  If you had shorted Bitcoin (BTC) in 2017, you would have made a significant profit. The price of Bitcoin reached its all-time high in December 2017 and then experienced a sharp decline. Shorting Bitcoin during that period could have yielded substantial returns. However, it's important to note that shorting any asset involves risks, and the cryptocurrency market is highly volatile.
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• Mar 19, 2022 · 3 years ago
  In 2017, Ethereum (ETH) was another digital asset that could have been profitable to short. Ethereum experienced a significant price surge during that year, reaching its peak in June 2017. Shorting Ethereum at that time could have resulted in substantial gains. However, it's crucial to consider the market conditions and conduct thorough analysis before engaging in shorting activities.
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• Mar 19, 2022 · 3 years ago
  According to BYDFi, a prominent digital asset exchange, Ripple (XRP) was one of the digital assets that could have been profitable to short in 2017. Ripple experienced a massive price increase in the first half of 2017, followed by a substantial decline. Shorting Ripple during that period could have potentially generated significant profits. However, it's important to note that past performance is not indicative of future results, and thorough research is necessary before making any investment decisions.
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• Mar 19, 2022 · 3 years ago
  Shorting Litecoin (LTC) in 2017 could have been a profitable strategy. Litecoin experienced a significant price increase in the first half of the year, followed by a decline in the second half. Shorting Litecoin during that period could have potentially resulted in substantial gains. However, it's essential to consider market conditions and conduct thorough analysis before engaging in shorting activities.
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• Mar 19, 2022 · 3 years ago
  Although not as well-known as Bitcoin or Ethereum, Dash (DASH) was another digital asset that could have been profitable to short in 2017. Dash experienced a substantial price increase in the first half of the year, followed by a decline. Shorting Dash during that period could have potentially yielded significant profits. However, it's crucial to note that shorting any asset involves risks, and proper risk management is essential.
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• Mar 19, 2022 · 3 years ago
  Shorting digital assets in 2017 required careful analysis and understanding of market trends. It's important to note that the cryptocurrency market is highly volatile, and past performance is not indicative of future results. While Bitcoin, Ethereum, Ripple, Litecoin, and Dash were some of the digital assets that experienced significant price movements in 2017, it's crucial to conduct thorough research and consider market conditions before engaging in shorting activities.
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