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If you are certain it will collapse you can make a lot of money shorting it. If you are 100% sure, there is no downside.

by Rmilb 9y ago

neilwilson 9y ago
Generally the problem with shorting is that the shorts are time limited - because it is a derivative bet, not a proper loan. And following Keynes the market can stay irrational longer than you can stay solvent.
soneca 9y ago
What financial mechanisms exist to short Bitcoin?
- mancerayder 9y ago
  Here's an idea. Ethereum smart contracts to short bitcoin. You borrow my BTC for 30 days, with a 5% fee. Someone could make a killing off of that idea.
  - colecut 9y ago
    This is more of a general purpose app, but would work. https://gofreakingdoit.com/ https://gofreakingdoit.com/
  - chrdlu 9y ago
    https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd https://medium.com/dydxderivatives/introducing-dydx-2d0f0f32... Note: I'm not affiliated with that project, but I did see them present yesterday at Token Summit and it looked very interesting!
- beastlyhotfiyah 9y ago
  I used to short/long bitcoin/eth on GDAX, you have to register as a business and turn on Margin Trading
- alexanat 9y ago
  CME Bitcoin futures
- deleted 9y ago
  [deleted]
- buckthundaz 9y ago
  Possibly at bitmex: https://www.bitmex.com/ https://www.bitmex.com/ CBOE and CME to offer the next couple weeks.
bwanab 9y ago
Maybe you've heard the old finance saying: "Markets can stay irrational longer than you can stay solvent".
nodesocket 9y ago
Is there even a US based legit platform to short Bitcoin? If Coinbase was serious about having a true market they would allow you to short Bitcoin as well as buy.
- alexanat 9y ago
  CME is offering bitcoin futures starting next week. Interestingly enough, S. Korea has declared bitcoin futures illegal today and S. Korea is the leading buyer of BTC. Should be a good time.
- beastlyhotfiyah 9y ago
  Coinbase does have a market tho, it's called GDAX, you use your coinbase login and it has margin trading on it. Once I found out about GDAX I never used coinbase again for trading currencies because GDAX has no transaction fees if you are creating the transaction ie. setting up the buy/sell limits

If you are certain it will collapse you can make a lot of money shorting it. If you are 100% sure, there is no downside.

by Rmilb 9y ago

If you are certain it will collapse you can make a lot of money shorting it. If you are 100% sure, there is no downside.

neilwilson 9y ago

Generally the problem with shorting is that the shorts are time limited - because it is a derivative bet, not a proper loan. And following Keynes the market can stay irrational longer than you can stay solvent.

soneca 9y ago

What financial mechanisms exist to short Bitcoin?

mancerayder 9y ago
Here's an idea. Ethereum smart contracts to short bitcoin. You borrow my BTC for 30 days, with a 5% fee. Someone could make a killing off of that idea.
- colecut 9y ago
  This is more of a general purpose app, but would work. https://gofreakingdoit.com/ https://gofreakingdoit.com/
- chrdlu 9y ago
  https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd https://medium.com/dydxderivatives/introducing-dydx-2d0f0f32... Note: I'm not affiliated with that project, but I did see them present yesterday at Token Summit and it looked very interesting!
beastlyhotfiyah 9y ago
I used to short/long bitcoin/eth on GDAX, you have to register as a business and turn on Margin Trading
alexanat 9y ago
CME Bitcoin futures
deleted 9y ago
[deleted]
buckthundaz 9y ago
Possibly at bitmex: https://www.bitmex.com/ https://www.bitmex.com/ CBOE and CME to offer the next couple weeks.

bwanab 9y ago

Maybe you've heard the old finance saying: "Markets can stay irrational longer than you can stay solvent".

nodesocket 9y ago

Is there even a US based legit platform to short Bitcoin? If Coinbase was serious about having a true market they would allow you to short Bitcoin as well as buy.

alexanat 9y ago
CME is offering bitcoin futures starting next week. Interestingly enough, S. Korea has declared bitcoin futures illegal today and S. Korea is the leading buyer of BTC. Should be a good time.
beastlyhotfiyah 9y ago
Coinbase does have a market tho, it's called GDAX, you use your coinbase login and it has margin trading on it. Once I found out about GDAX I never used coinbase again for trading currencies because GDAX has no transaction fees if you are creating the transaction ie. setting up the buy/sell limits