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> 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.
by 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.