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Does anyone know if there's a vehicle to short Monero?
by s_q_b 10y ago
Does anyone know if there's a vehicle to short Monero?
- tinkerrr 10y agoYou can do it on an exchange called Poloniex. Just remember, the market can remain irrational longer than you can remain solvent. Good luck!
- sushid 10y agoMargin trading is risky in a regulated market and doubly so in the cryptocurrency marketplace. I would advise against it, but as another sibling comment mentions, Poloniex would be your best bet. Be careful though, as Bitfinex, another popular margin trading website, was hacked and lost $60 mm a few months ago. Polo has also been hacked before, although they incurred a much smaller loss due to their hack. When you margin trade through your brokerage, you don't have to worry about the firm shutting down and/or the US government not repaying your money. With these websites, there's a very real chance it'll disappear overnight.