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> ” you can hold a bitcoin future going short for the next year less than a coffee per / $1k” Genuinely curious about how could I do that. I am not that much i
by soneca 6y ago
> ” you can hold a bitcoin future going short for the next year less than a coffee per / $1k”
Genuinely curious about how could I do that. I am not that much into cryptocurrencies, so I appreciate if you have the time and will to be specific in the operationals. I do have a (currently empty) account at Kraken, if that helps.
How can I short BTC?
- phyalow 6y agoBuy put options on deribit, or short USDT-BTC on FTX
- musiciangames 6y agoPut options on deribit appear to settle in BTC, no? To short the ecosystem requires something that settles in USD
- wcoenen 6y agoKraken has margin trading, which allows you to hold negative positions in BTC. However, this means you are borrowing the BTC that you're selling, and the interest on that is rather high (0.01% per 4 hours). You also need to keep EUR or USD as collateral in the account to cover potential losses when the price goes up.