A trader who started shorting bitcoin at its top just closed his position

Mark Dow, a trader who runs a Southern California family office, has closed his short position on bitcoin almost a year after opening it at the height of the crypto’s meteoric rise. “I’m done. I don’t want to try to ride this thing to zero,” Dow told Bloomberg News in an interview. “I don’t want to try to squeeze more out of the lemon. I don’t want to think about it. It seemed like the right time.” The former International Monetary Fund economist made a bet bitcoin would decline following the launch of bitcoin futures in the U.S. And it has paid off. (Source: Bloomberg)

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A trader who started shorting bitcoin at its top just closed his position written by Frank Chaparro @ https://www.theblockcrypto.com/tiny/a-trader-who-started-shorting-bitcoin-at-its-top-just-closed-his-position/ December 19, 2018 Frank Chaparro

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