|
Title: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: tokeweed on May 06, 2015, 01:26:45 AM As the title asks... I have yet to find one exchange that has this service. But just in case if anyone knows, please post.
Also, would this be a good service for exchanges to add? What do you think? Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: tokeweed on May 06, 2015, 01:29:21 AM I am aware of Bitinex. But they don't really have alts.
Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: sdmathis on May 06, 2015, 02:26:54 AM I'm not aware of any altcoin exchanges that allows you to short a coin. Wouldn't it be nice if we could find one? Just pick an alt at random and short it. It would be like printing money.
Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: tokeweed on May 06, 2015, 02:34:57 AM I'm not aware of any altcoin exchanges that allows you to short a coin. Wouldn't it be nice if we could find one? Just pick an alt at random and short it. It would be like printing money. In stock trading, you would have to get a margin account and contact the broker before the markets opened and reserve shares you want to short for a small fee. Sometimes there are shares available, sometimes there's nothing. I think this "feature" of coins being able to be borrowed in the exchanges can be valuable for any coin in a trading perspective. I think the same system could be doable for alt exchanges. Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: gustav on May 06, 2015, 02:37:15 AM That would be a goldmine for the one who would offer it in a professional way.
Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: bitcreditscc on May 06, 2015, 02:37:46 AM I'm not aware of any altcoin exchanges that allows you to short a coin. Wouldn't it be nice if we could find one? Just pick an alt at random and short it. It would be like printing money. In stock trading, you would have to get a margin account and contact the broker before the markets opened and reserve shares you want to short for a small fee. Sometimes there are shares available, sometimes there's nothing. I think the same system could be doable for alt exchanges. This will be possible in the BCR system, but you'll have to wait a while. Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: tokeweed on May 06, 2015, 02:41:20 AM That would be a goldmine for the one who would offer it in a professional way. Yeah. I was kind of wondering why no exchange followed that model yet. I think this "feature" of coins being able to be borrowed in the exchanges can make a coin "valuable" in a trading perspective. Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: GambitBTC on May 06, 2015, 02:41:55 AM https://cryptomargin.com/?ref=ref16101
Not many options, but has worked fine for me. Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: shanem on May 06, 2015, 03:19:17 PM I don't think it is possible.
Otherwise many dev will try to profit from it by hiding some instamine in the code and dump all the coins in the market. Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: Snail2 on May 06, 2015, 03:52:25 PM https://cryptomargin.com/?ref=ref16101 Not many options, but has worked fine for me. Looks interesting, but as I see they are not very talkative here on BTT, however the site is more than one year old. Are they trustworthy? Could you tell me a bit more about your experiences with them, please? Title: Re: What Altcoin Exchange Allows You to Borrow Coins for Shorting? Post by: GambitBTC on May 07, 2015, 10:14:54 PM https://cryptomargin.com/?ref=ref16101 Not many options, but has worked fine for me. Looks interesting, but as I see they are not very talkative here on BTT, however the site is more than one year old. Are they trustworthy? Could you tell me a bit more about your experiences with them, please? Only been using them for 3 weeks, but haven't had any lag time, and the stop loss feature works to perfection. I am in no way affiliated with this site (besides being a customer) but as far as i can tell its a legit operation, but we have seen many a legit operation go shady overnight in the Bitcoin community. Let me know how it works out for you, and best of luck trading :) |