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Is there a reasonably safe/reliable/cheap way to short Gnosis? I'm guessing not, because there's a pretty easy $10-20 million to be made here and some hedge fun
by gibybo 9y ago
Is there a reasonably safe/reliable/cheap way to short Gnosis? I'm guessing not, because there's a pretty easy $10-20 million to be made here and some hedge fund probably would have done it already if possible.
I wonder if a smart contract could be created on Ethereum to securely borrow Gnosis. Perhaps with Eth as collateral. Anyone with experience building Ethereum contracts care to enlighten me?
- samlewis 9y agoYou can margin trade on exchanges like Poloniex right now. Whether or not it's a bright idea is another matter. Even if you assume that it's presently overvalued, how can you know when (or even if) the bubble will pop?
- gibybo 9y agoWell that's always the risk with shorting I suppose, I just meant as safe as shorting can reasonably be :) Thanks for the Poloniex tip though, looking into it now!
- davidgerard 9y ago"Shorting" turns out to be a complicated construct that needs a lot of regulatory pieces in place. The exchanges are largely unregulated, and have a track record of messing people around when a price changes quickly. Bitfinex is big on offering complicated margin trades that nobody else does ... but you can't get actual money out at the moment.