What is long and short on Bitcoin?

In a nutshell, Long and Short reflect whether a trader believes a cryptocurrency is going to rise or fall in value . If you go Long then it is equivalent to buying the cryptocurrency or opening a long position on the other hand going short is equivalent to selling the crypto.9 Ağu 2021

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What are BTC shorts?

What does shorting Bitcoin or Crypto mean? The concept behind shorting is to buy Bitcoin or any other crypto at a high price and then buy it back at a lower price . Usually, most traders prefer buying crypto at a lower price and selling it at a higher price. But when it comes to short, you just need to do the opposite.

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Is Binance future trading Haram?

Futures trading is just like a zero sum game, +1-1= 0, and such games are forbidden in Islam . On futures trading you pay an interest fee, dealing with interest is haraam. Future trading means when you use a leverage of 10, you borrow money, and then you pay back the money with interest, which is haraam.

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