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   Another Linux Walt Alt (lnxw37b2@shitposter.world)'s status on Monday, 18-Nov-2024 16:07:31 JST Another Linux Walt Alt

   in reply to

   • realcaseyrollins ✝️
   @realcaseyrollins It sounds like a short-seller was betting that the price would drop, but it didn't.
   
   (In the stock world, shorts typically borrow shares then sell them, expecting to be able to re-buy the same number of shares for less in the near future. If it doesn't pan out, they still have to re-buy the shares and return them to the lender. I don't know whether there's such a market on the cryptocurrency exchanges.)
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     realcaseyrollins ✝️ (realcaseyrollins@social.teci.world)'s status on Monday, 18-Nov-2024 16:07:32 JST realcaseyrollins ✝️
     Ayo what? Can someone explain this to me? How did this person just lose $300k?
     
     RT: https://mostr.pub/objects/081234c01d75d79e41ef92e19fc8bd63eb09a9cb52e7b07d6132a46403943c55