Seems dangerous to play around with margin... and there are a lot of ways that you could get locked out.. especially when bitcoin can be very unforgiving to shorters.
I personally think that the best way to attempt to accumulate more bitcoins when the price is going down is to sell small amounts of BTC as the price goes up and to used that generated money to buy back as the price goes down. If you did not already sell some bitcoin when the price was higher a while back then it seems too late to sell at this point. Therefore, your decision at this point would be to buy more bitcoin at various points on the way down, and then be prepared to sell small amounts at various points the next time the BTC price goes up (presuming that the price is going to go up sooner or later).
Accordingly, it is o.k. to over-leverage a little bit on the buying of bitcoin on the way down in order that you will not feel so bad to sell some of that accumulated amounts off on the way up. The tricky question is that the price points and the amounts for buying on the way down and selling on the way up are going to be different for each person and takes some practice to find comfortable price points and amounts that are customized to your own situation (your view points, risk tolerance, financial situation and timeline).
I personally think that the best way to attempt to accumulate more bitcoins when the price is going down is to sell small amounts of BTC as the price goes up and to used that generated money to buy back as the price goes down. If you did not already sell some bitcoin when the price was higher a while back then it seems too late to sell at this point. Therefore, your decision at this point would be to buy more bitcoin at various points on the way down, and then be prepared to sell small amounts at various points the next time the BTC price goes up (presuming that the price is going to go up sooner or later).
Accordingly, it is o.k. to over-leverage a little bit on the buying of bitcoin on the way down in order that you will not feel so bad to sell some of that accumulated amounts off on the way up. The tricky question is that the price points and the amounts for buying on the way down and selling on the way up are going to be different for each person and takes some practice to find comfortable price points and amounts that are customized to your own situation (your view points, risk tolerance, financial situation and timeline).
Most of my coins are in cold storage, I did not even bothered to claim any forks after Bitcoin Gold. Right now it seems that chances of bitcoin going up in the next few months are slim, that is the reason why I though about hedging by shorts.
It is very likely that bitcoin is a paradigm changer, so it is not easy for us to envision the extent to which system are going to be changed by it or not.. .... so even though we might say that it is kind of like one thing or another - the telephone, internet.. blah blah blah.. there could also be a war over this bitcoin changing kind of influence, and I don't know how any of us could reasonably assert that a war is not changing any current systems that we have in place... so perhaps our views of the fundamental possibilities of bitcoin are quite different, and I don't claim to know exactly where bitcoin is going to take banking and government... and perhaps it will be a BIG NOTHING, as you seem to imply.
It may be more than nothing, but is not deep enough.
Well, maybe a lot of us have become spoiled from the returns of crypto, but I still think that if you are getting, on average, more than 6% per year appreciation on a long term investment, you are doing good... in that regard, bitcoin has been performing way beyond normal average investments.. and seems likely to continue to perform quite well, on average, if you have a 5-10 years timeline.
That is right, bitcoin performance over past 7 years is unimaginable for any other investment. I do not remember where I read about it first, but I remember the topic: "bitcoin reached parity with the U.S. dollar".