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Title: Anyone got Bitcoins? I wanna go short! Post by: gill83 on March 27, 2013, 08:19:51 AM I have a very strong feeling that Bitcoins is gonna go belly flop, so I wanna short them.
MtGox and those other bitcoin exchanges don't let you go short so I have a proposition for anyone that owns bitcoins. Heres how it works: I "borrow" the bitcoins from you and sell them on the open market. For this privilege, I pay you a negotiated fee. On some agreed upon date in the future, I buy them back from the exchange and you get back your bitcoins. Your profit: The money I pay you as a fee for borrowing your bitcoins (this is not dependent on the price of the bitcoins themselves) My profit: The price difference between selling them initially and the price I can buy them back at (this is extremely dependent on the price of the bitcoins) If you are unfamiliar with this concept, here is a video: http://www.investopedia.com/video/play/short-selling/ Ideally, it would be great if you had 100 or more bitcoins. This is not a scam. We can do all necessary paperwork to make this a legal transaction. If you are in the Bay area, we can meet face to face. I will share my phone number and all other required info. Let me know if this sounds like something you are interested in and have some bitcoins laying around Title: Re: Anyone got Bitcoins? I wanna go short! Post by: MrCrabs on March 27, 2013, 08:24:50 AM Ah No.
Title: Re: Anyone got Bitcoins? I wanna go short! Post by: el_rlee on March 27, 2013, 08:27:57 AM www.bitfinex.com
Title: Re: Anyone got Bitcoins? I wanna go short! Post by: johnniewalker on March 28, 2013, 09:26:09 AM I have a very strong feeling that Bitcoins is gonna go belly flop, so I wanna short them. Why do you feel this way, exactly?MtGox and those other bitcoin exchanges don't let you go short so I have a proposition for anyone that owns bitcoins. Heres how it works: I "borrow" the bitcoins from you and sell them on the open market. For this privilege, I pay you a negotiated fee. On some agreed upon date in the future, I buy them back from the exchange and you get back your bitcoins. Your profit: The money I pay you as a fee for borrowing your bitcoins (this is not dependent on the price of the bitcoins themselves) My profit: The price difference between selling them initially and the price I can buy them back at (this is extremely dependent on the price of the bitcoins) If you are unfamiliar with this concept, here is a video: http://www.investopedia.com/video/play/short-selling/ Ideally, it would be great if you had 100 or more bitcoins. This is not a scam. We can do all necessary paperwork to make this a legal transaction. If you are in the Bay area, we can meet face to face. I will share my phone number and all other required info. Let me know if this sounds like something you are interested in and have some bitcoins laying around Title: Re: Anyone got Bitcoins? I wanna go short! Post by: 🏰 TradeFortress 🏰 on March 28, 2013, 10:23:47 AM Sure, you send me collateral first, BTC always stays with me. I won't get scammed, you'll still be able to short without rep.
Example: You send me $6,500 You tell me to short 50 BTC, I sell it on gox, say price is $100 each A week later and BTC is $90. I send you your $6,500 back + $500 - interest However, if BTC goes to $130 then I'll sell your $6,500 for BTC. PM me as I might not check this thread. |