Can someone explain the idea of buying up CEL and

Question

Can someone explain the idea of buying up CEL and

the short squeeze? I get the concept traditionally however how would this help Celsius? Prop up their balance sheet so they can dump and ruin the guys who helped? 🤔

0

19.06.2022

4 ответов

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M N M Автор вопроса

Nathan
Short Position is: You borrow Cel, then Sell it. Y...

I understand that. I mean how does it help Celsius? Or are we just trying to screw someone else over?

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19.06.2022

Morten Cram

This video explains the thoughts behind it https://www.youtube.com/watch?v=OzByPBfROE8

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19.06.2022

catman

M N M
I understand that. I mean how does it help Celsius...

It stops Celsius being liquidated. It screws the pricks who started this destructive game and might teach them an expensive lesson: Don’t destroy something because they act in the best interests of their community.

0

19.06.2022

Nathan · Accepted Answer

Nathan

Short Position is: You borrow Cel, then Sell it. You then buy back lower to repay the debt. On that position you also pay interest. Now there also needs to be Cel available to Buy, with illiquid coins that can get tricky, especially when most of the supply is LOCKED in celsius.

0

19.06.2022

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Can someone explain the idea of buying up CEL and

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