4 ms·
Bye Bye Bitcoin Bubble
- nikolay 9y agoAnybody having an idea of how many of all bitcoins get traded a day?
- user5994461 9y agoWhatever number you can get has no meaning. I could buy a bitcoin and sell it again and buy it again and sell it again... that would be accounted as hundreds of thousands of dollars traded even thought I only paid $10 total at the end of the day, as exchange fees.
- nikolay 9y agoSo, exchanges don't trade real bitcoins... They can trade more than they own, etc.
- user5994461 9y agoYes, an exchange can do anything, especially for bitcoins which has zero regulations. It's like a casino. The house always wins and only insiders really knows what's going on.
- serveboy 9y ago> As I write this, Bitcoin just past $16,000 in value. I would bet any amount of money that on December 7, 2018, the price of Bitcoin will be below that value. You don't have to "would bet", you can short it on some exchanges and soon you'll be able to short using futures. Bears should put their money where their mouth is. Bulls sure are doing it.
- chrisyeh 9y agoI've also been looking into this as well. But I think the bets are going to be even more appealing than the futures, since I don't need to put any money down to make them!
- ccvannorman 9y agoHow exactly does one short bitcoin?
- driminicus 9y agoThe same way you short stock. You borrow a bitcoin, promise to give it back, sell the bitcoin for its current price. At a later time you buy a new bitcoin and give it back. If the price dropped you turn a profit, if the price rose you'll have lost money.