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Bitcoin => Bitcoin Discussion => Topic started by: qualia8 on June 26, 2011, 05:08:34 AM



Title: I found a way to short BTC
Post by: qualia8 on June 26, 2011, 05:08:34 AM
1. Buy 50 BTC on Mt.Gox during crash at very low price. 
2. Withdraw BTC up to daily maximum. 
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.


Title: Re: I found a way to short BTC
Post by: Anonymous on June 26, 2011, 05:16:57 AM
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Well, that's a slap on the knee.


Title: Re: I found a way to short BTC
Post by: DrYe5 on June 26, 2011, 05:30:18 AM
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Well, that's a slap on the knee.

lol


Title: Re: I found a way to short BTC
Post by: nathanrees19 on June 26, 2011, 05:32:00 AM
1. Buy 50 BTC on Mt.Gox during crash at very low price. 
2. Withdraw BTC up to daily maximum. 
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Can you find a method that doesn't involve time travel and/or exchange-wide misfortune please?


Title: Re: I found a way to short BTC
Post by: qualia8 on June 26, 2011, 05:39:30 AM
I'm not terribly bright.  Only figured out that method because it happened to me.  I realized I suddenly had limited unlimited potential losses.  ;)


Title: Re: I found a way to short BTC
Post by: oneforall on June 26, 2011, 05:46:21 AM
I'm not terribly bright.

this implies you consider yourself somewhere in the range of 100% dim right up to the edge of terribly bright, I'd think even you would be able to narrow the range down a bit more than that. maybe more honest would be, "I'm not at all bright".


Title: Re: I found a way to short BTC
Post by: 1.21gigawatts on June 26, 2011, 07:18:27 AM
how about just sell high and buy back low?