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How would you short bitcoin right now the stock exchanges? Which ETF has options?

by f430 6y ago

rfd4sgmk8u 6y ago
ledgerx.com is a US based futures and options market. Short bitcoin at your peril :-)
rawtxapp 6y ago
bybt.com should give you an aggregate across different exchanges where you can short. It's very risky, even if BTC was to fail eventually, you can never predict what it'll do in the short term.
bigphishy 6y ago
https://www.deribit.com/ https://www.deribit.com/ and there are a number of decentralized crypto options markets out there as well.
- nullc 6y ago
  Deribit is bitcoin-settled and heavily leveraged-- IMO it's probably not the best way to short Bitcoin, esp for someone who is long term bitcoin-skeptical.
minitoar 6y ago
Future options would be the way to do it imo.
nullc 6y ago
I would recommend LedgerX -- A US based CFTC regulated derivatives clearing house and brokerage. They're available to US persons and organizations including retail. I believe non-US persons need to form a US company to use the platform currently. The swaps and options on LedgerX are fully collateralized and physically delivered. You can short Bitcoin there by depositing USD via wire transfer and buying puts. You can see the current list of contracts: https://trade.ledgerx.com/live https://trade.ledgerx.com/live The contract size is 0.01 BTC and prices are quoted per Bitcoin (similar to how equity options are usually 100 share contracts and quoted per share). I've been a customer since 2017 and have been pretty happy with them. If you have questions, I'd be glad to answer them: I'm a seller of puts and would always welcome more people taking the opposite side on the platform. :)
- simonebrunozzi 6y ago
  How do you sell puts on LedgerX?
  - copumpkin 6y ago
    Get an account on there, get USD in somehow (either wire in funds the old-fashioned way or send in BTC and sell swaps/futures/options), and then you can sell puts at any strike/date that you want, as long as you have the USD collateral to lock up to maintain them. So if e.g., you wanted to sell 100 contracts (1 btc worth) of $40k puts for June 2021, you'd be "locking up" $40k until you exit that position, which would be June at the latest. You could also unlock some or all of that money early by buying back some of those contracts on the market, possibly at a profit or loss depending on how things move. Or you could ride it out until expiration and hope BTC is trading above $40k at the end of June. Does that make sense?
gillesjacobs 6y ago
I wouldn't risk speculating on cryptocurrency with credit whether it is margin trading or opening long/short positions. The market is highly volatile, irrational and unpredictable. Last week 1.9B was liquidated [1], mainly longs due to a pullback which was now long surpassed. At the same time on the rise, shorts got liquidated too. I am all for putting your money where your mouth is, but caveat emptor. 1. https://cryptonews.com/news/usd-1-9b-liquidated-as-overexuberant-crypto-traders-get-over-9235.htm https://cryptonews.com/news/usd-1-9b-liquidated-as-overexube... 2. https://ambcrypto.com/57-million-in-bitcoin-short-positions-liquidated-on-okex-during-todays-rally/ https://ambcrypto.com/57-million-in-bitcoin-short-positions-...
gge 6y ago
Good boy. At least you're putting some skin in the game unlike the other Tether truthers and Bitcoin bears here.

How would you short bitcoin right now the stock exchanges? Which ETF has options?

by f430 6y ago

How would you short bitcoin right now the stock exchanges? Which ETF has options?

rfd4sgmk8u 6y ago

ledgerx.com is a US based futures and options market. Short bitcoin at your peril :-)

rawtxapp 6y ago

bybt.com should give you an aggregate across different exchanges where you can short. It's very risky, even if BTC was to fail eventually, you can never predict what it'll do in the short term.

bigphishy 6y ago

https://www.deribit.com/ https://www.deribit.com/ and there are a number of decentralized crypto options markets out there as well.

nullc 6y ago
Deribit is bitcoin-settled and heavily leveraged-- IMO it's probably not the best way to short Bitcoin, esp for someone who is long term bitcoin-skeptical.

minitoar 6y ago

Future options would be the way to do it imo.

nullc 6y ago

I would recommend LedgerX -- A US based CFTC regulated derivatives clearing house and brokerage. They're available to US persons and organizations including retail. I believe non-US persons need to form a US company to use the platform currently. The swaps and options on LedgerX are fully collateralized and physically delivered. You can short Bitcoin there by depositing USD via wire transfer and buying puts. You can see the current list of contracts: https://trade.ledgerx.com/live https://trade.ledgerx.com/live The contract size is 0.01 BTC and prices are quoted per Bitcoin (similar to how equity options are usually 100 share contracts and quoted per share). I've been a customer since 2017 and have been pretty happy with them. If you have questions, I'd be glad to answer them: I'm a seller of puts and would always welcome more people taking the opposite side on the platform. :)

simonebrunozzi 6y ago
How do you sell puts on LedgerX?
- copumpkin 6y ago
  Get an account on there, get USD in somehow (either wire in funds the old-fashioned way or send in BTC and sell swaps/futures/options), and then you can sell puts at any strike/date that you want, as long as you have the USD collateral to lock up to maintain them. So if e.g., you wanted to sell 100 contracts (1 btc worth) of $40k puts for June 2021, you'd be "locking up" $40k until you exit that position, which would be June at the latest. You could also unlock some or all of that money early by buying back some of those contracts on the market, possibly at a profit or loss depending on how things move. Or you could ride it out until expiration and hope BTC is trading above $40k at the end of June. Does that make sense?

gillesjacobs 6y ago

I wouldn't risk speculating on cryptocurrency with credit whether it is margin trading or opening long/short positions. The market is highly volatile, irrational and unpredictable. Last week 1.9B was liquidated [1], mainly longs due to a pullback which was now long surpassed. At the same time on the rise, shorts got liquidated too. I am all for putting your money where your mouth is, but caveat emptor. 1. https://cryptonews.com/news/usd-1-9b-liquidated-as-overexuberant-crypto-traders-get-over-9235.htm https://cryptonews.com/news/usd-1-9b-liquidated-as-overexube... 2. https://ambcrypto.com/57-million-in-bitcoin-short-positions-liquidated-on-okex-during-todays-rally/ https://ambcrypto.com/57-million-in-bitcoin-short-positions-...

gge 6y ago

Good boy. At least you're putting some skin in the game unlike the other Tether truthers and Bitcoin bears here.