How to Make Money When Whales Are Playing with Us

 

As a long-time crypto investor, I've learned that the market is always changing. There are times when it's bullish, and there are times when it's bearish. And when the market is bearish, it can be tough to make money.

But recently, I discovered Drift Protocol on Solana which allows to make money when the market is bearish, by shorting some cryptos.

Crypto shorting is when you borrow a crypto asset and sell it with the intention of buying it back later at a lower price. This can be a profitable strategy when the market is bearish, as you will be able to buy the asset back at a lower price and return it to the lender.

I've been using Drift Protocol to short cryptos for a few days now, and I've been making a bit of money. I know that some people are hesitant to short cryptos, because it can be risky. But if you're willing to take on some risk, it can be a great way to make money when the market is bearish.

How whales are playing with us

Whales are large crypto investors who have a lot of money to invest. They can sometimes manipulate the market by buying or selling large amounts of cryptos. This can have a big impact on the price of the cryptos they're trading.

When whales are playing with us, it can be tough to make money. This is because they can often move the market in a way that benefits them, but hurts smaller investors.

This is where Drift Protocol comes in, since it allows you to short cryptos, which can be a way to protect yourself from market manipulation by whales.

For example, I earned $13 by shorting Solana. This is a small gain, but I invested only 73$:

Conclusion

I'm really excited about Drift Protocol. It's a great way to make money when the market is bearish, and it can help you protect yourself from market manipulation by whales. However, please be cautious with shorting and leverage trading. Gains can be high, but losses can be high too. So I highly recommend to use it to hedge your positions. For instance, if you are a long term SOL holder like me, you can use it to balance your long positions.

Please note that I am not a financial advisor and this is not financial advice.