Bitcoin Forum

Let's say that I believe the whole Cryptocurrency Marketcap is going to drop from ~450bn to max 200bn in the end of the year.
How can I actually bet against the Crypto market?

I know there might be Future contracts on some coins, but the I'd like to bet against the whole market! Any hints?

I don't believe that there's anywhere that you can short the whole market. Shorting bitcoin would be the closest thing as if bitcoin price falls the whole market will fall and it's also the biggest share of the market. You can short bitcoin on a number of different exchanges.

Crypto Market Short Coin is (to our knowledge) the only product that allows investing against the overall Crypto Market.

Check it out: http://www.cryptomarketshortcoin.com (http://www.cryptomarketshortcoin.com)

I do not believe that all Altcoin prices are down. Choose at least two potential Coins and invest in them. But according to experts forecasts in 2018 is the boom year of the Crypto market, the end of this year all Altcoin prices will increase sharply. Which reason would you say that the Crypto market will fall?

Wha you can do is to sell your altcoins,and stick with bitcoin when the marketcap is failing because you can still buyback these altcoins when the bloodbath happened and you could make thousands of dollars from these crashes,i have been doing this strategy for a quite while and it is very effective buying those solid coins in cheap prices will give you instant gains when the market has recovered.

Maybe you can bet on it in prediction token projects. You can open a bet for the market to go down at the end of the year. If people want to bet against you they can join your bet. I remember some projects have that kind of game.

I don't know about any reliable way to short the whole cryptocurrency market. However, Crypto Market Short Coin has drawn my attention. Could you elaborate about how the price of token is derived? I understand that you can always buy CMSC at a market maker price, but still price will depend on supply and demand on secondary market. Therefore price of the token might fall even if the whole crypto market goes down the red numbers.

Actually the secondary market is an important aspect of the idea. Nowadays during consolidation phases all the money being pulled out of the Crypto market will be put into FIAT or USDTether (happening right now, while pretty much all coins are in red numbers). Crypto Market Short Coin aims to establish an alternative to that. The CMSC SmartContract automatically burns a percentage of CMSC supply equivalent to the marketcap drop of the Crypto market, shortening the supply. If at the same time only 0.1% of the money being taken out of other coins during consolidation goes into CMSC and strengthen the demand ... well, you can do the math! :)

As far as I know, exchanges do not provide such a service at the moment. You can do this: on the security of crypto, take a loan in fiat. When the price of the crypto falls below the critical cost, you do not repay the loan, you lose the collateral. It turns out that you will sell the crypto at an inflated price (if a significant drop occurs).

Thanks for the answer, it makes sense. I still wonder how proportional supply adjustment mechanism will work in terms of price changes. To put it simply - if the decrease in crypto marketcap for 10% is not offset by 10% price soar in CMSC, then the mechanism might appear in long term disequilibrium.

However, I am a fan of the idea .. I will quite surely become one of the early traders of CMSC  ;) 

Thank you for your support, damberg!

Of course we cannot guarantee, that a crypto marketcap decrease of 10% will increase the CMSC price on the secondary market by exactly 10.000%. But we are very optimistic that we will see a pretty close correlation between marketcap decrease & price increase! We'll prove that once we hit the exchanges, targeted for April!