4 ms·

Does anyone know of a legit way to short bitcoins?

• tlrobinson 14y ago
  I'll say it again... People seem to love talking about shorting Bitcoin, and a crash wouldn't surprise me all, but given Bitcoin's meteoric rise recently you'd have to be insane to actually do it. (https://news.ycombinator.com/item?id=5421675 https://news.ycombinator.com/item?id=5421675 11 days ago, when the price was about $70)
  • Evbn 14y ago
    s/bitcoin/real estate/ Now consider how much more liquid BTC is. The problem is that there is no supported mechanism for shorting. If you have a lot faith in bitcoin, will you lend me some at 0% (or negative, if you believe in growth!) annual interest for a 10 year term? If so, I will take that loan.
• Permit 14y ago
  Even if there were a way, you do not want to short something that jumps 15% in a day even if you believe it's overvalued. In the long run you might be right, but when you get margin called it won't matter. Just 15 days ago, it was trading at $50.00: https://news.ycombinator.com/item?id=5398042 https://news.ycombinator.com/item?id=5398042
• yuvadam 14y ago
  Since bitcoins are heavily (completely?) coupled to actually holding them, shorting (which is based on the concept of lending an assert) isn't really possible.
  • Evbn 14y ago
    Mt Gox and others can hold your coins for you.
• josephagoss 14y ago
  try bitfinex.com