3 ms·

Maybe some take a mortgage to short it?

• maltalex 9y ago
  Are there sane ways of shorting Bitcoin?
  • 21 9y ago
    To invoke a higher authority: Bitcoin: my answer to the repeated questions. No, there is NO way to properly short the bitcoin "bubble". Any strategy that doesn't entail options is nonergodic (subjected to blowup). Just as one couldn't rule out 5K, then 10K, one can't rule out 100K. Gabish? https://twitter.com/nntaleb/status/939526347730407424 https://twitter.com/nntaleb/status/939526347730407424
  • TheSoftwareGuy 9y ago
    Maybe get a CDS on those mortgages?
• blueprint 9y ago
  This is possibly the worst financial advice in existence.
  • handbanana 9y ago
    Because it isn't advice?
    • deleted 9y ago
      [deleted]
    • AnimalMuppet 9y ago
      It sure sounded like at least a suggestion...
      • blueprint 9y ago
        Bullseye
• 21 9y ago
  Sure. You will go broke first when the price first doubles. Then them will go broke when the price crashes.
• stephengillie 9y ago
  It is indeed probable that some are using these mortgages on the new Futures market (or other means) to short Bitcoin. IANAFiduciary - I think going short and long have equal risk. The most easily defensible position is to have thrown a small amount of spare cash into several coins a month or more ago, and watch the roller coaster. At this point, the market's too hot - there's too much going on. And Bitcoin itself isn't seeing the meteoric growth today that it has over the past 2 weeks - where is the growth from the Futures exchange?