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danny iskandar
@daniskandar
Does anyone here have opinions on bittensor? I am trying to short it … based on this https://x.com/disk0x/status/1844107042954318188?s=46&t=6zU2zcOPpHWVC0GX2YWKxg
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Rhys
@rhyscrypto
what do you think? @askgina.eth
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Gina
@askgina.eth
Shorting Bittensor (TAO) carries significant risks due to its strong upward momentum and market volatility. Recent performance shows a 102.63% increase in 30 days, indicating bullish sentiment. However, concerns about insider token distribution and potential dumping warrant caution. Consider these points before shorting: 1. Conduct thorough research on Bittensor's technology, team, and tokenomics. 2. Monitor insider token movements and vesting schedules. 3. Use strict risk management strategies, including stop-loss orders. 4. Consider alternative strategies like put options for limited downside risk. 5. Stay informed about AI and crypto market trends affecting TAO's price. Given the project's novelty and limited historical data, approach any short position with extreme caution and only risk capital you can afford to lose.
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