Bitcoin Forum

Alternate cryptocurrencies => Service Discussion (Altcoins) => Topic started by: maarten111 on March 15, 2017, 09:58:36 AM



Title: shorten altcoins
Post by: maarten111 on March 15, 2017, 09:58:36 AM
Hello

Which platform offer the possibility to sell coins that I do not posses?
With all platforms (poloniex), you can only buy coins :(

Thank you


Title: Re: shorten altcoins
Post by: AusKipper on March 15, 2017, 10:02:40 AM
Just confirming you want to short altcoins, not sell what you currently own?

I cant really help you with either but your question isn't too clear I dont think....


Title: Re: shorten altcoins
Post by: BitcoinNational on March 15, 2017, 11:21:12 AM
I too wish to sell coins of which I don not posses!

Someone please tell us how to do this.

Now.
Right Now.


Title: Re: shorten altcoins
Post by: e-coinomist on March 15, 2017, 11:59:03 AM
I too wish to sell coins of which I don not posses!

Someone please tell us how to do this.

Now.
Right Now.

Hey! No pressure ... gimme some time for stirring my coffee, thinking hard ... well that you can't on Poloniex is not exactly the truth.
They offer Margin Trading. This is basically lending funds, for the sole purpose of going short.
Another way would be asking for a loan inside this forum. One would be required to voice some reasoning and offer collateral.

But!
And it will kick one's butt, because illiquid markets can wildly swing into any direction, changing directions even twice a day. This likely places the whole master plan into grave dangers.


Title: Re: shorten altcoins
Post by: BitcoinNational on March 15, 2017, 12:10:05 PM
I wish to borrow 1,000,000 DASH.
And I have loads of BatCoin as collateral.


Title: Re: shorten altcoins
Post by: mining1 on March 15, 2017, 12:15:39 PM
Ask the instaminers of early dash ( its devs ) to borrow half of theirs  ;D


Title: Re: shorten altcoins
Post by: memequiserle on March 16, 2017, 10:09:48 AM
I wish to borrow 1,000,000 DASH.
And I have loads of BatCoin as collateral.

this thread about poloniex, this mean youre wish about borrow in poloniex
in polonex borrow must have balance coin in support margin trading
without balance you can not borrow in poloniex, you can borrow 2.5x from youre balance, this mean leverage in poloniex 2.5
and poloniex borrow you can not withdraw, you only use balance to trading


Title: Re: shorten altcoins
Post by: e-coinomist on March 17, 2017, 12:47:14 AM
I wish to borrow 1,000,000 DASH.
And I have loads of BatCoin as collateral.

this thread about poloniex, this mean youre wish about borrow in poloniex
in polonex borrow must have balance coin in support margin trading
without balance you can not borrow in poloniex, you can borrow 2.5x from youre balance, this mean leverage in poloniex 2.5
and poloniex borrow you can not withdraw, you only use balance to trading

That day where someone discovers how to withdraw with leverage will be awesome :)
Those lendings are indeed coins that almost don't exist. Partial reserves alike, what we always wanted to avoid. What happens if they dump all margined coins on another exchange, driving prices down over there? Their own customers would be happy, rebuying cheaper. That's the first time I discovered that possibility. Not only exchanges can trade on their own site against their own customers, like brokers are frontrunning their own customers, but they could do it arbitrage styled.
How to detect that?

And if some site got caught in the act, how to do it any justice? On the long we need the exchange without exchange sites. Decentralized exchanges.