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Title: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: dissipate on April 02, 2013, 04:08:14 PM Quote The rise of bitcoin, an electronic currency traded on an online exchange, has generated a media frenzy. Once scoffed at, its value has risen by 631% (denominated in dollars) since the start of 2013. Lots of people think that means we’re in a bitcoin bubble and it will eventually pop. But if you’re one of these bitcoin bears, it’s not easy for you to “short” it—i.e., bet that its value will go down. http://qz.com/69630/how-to-short-bitcoins-if-you-really-must/ Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: Piper67 on April 02, 2013, 04:15:34 PM "If there ever is a way of breaking up a Bitcoin into smaller fractions..." I guess one ten billionth isn't tiny enough for some people :D
Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: bb113 on April 02, 2013, 04:16:40 PM "If there ever is a way of breaking up a Bitcoin into smaller fractions..." I guess one ten billionth isn't tiny enough for some people :D These people haven't even done 10 minutes of research. Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: jgarzik on April 02, 2013, 04:16:50 PM "If there ever is a way of breaking up a Bitcoin into smaller fractions..." I guess one ten billionth isn't tiny enough for some people :D Already replied to author with corrections :) Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: Rygon on April 02, 2013, 04:19:02 PM This article is full of fail.
First: Quote There are only 11 million bitcoins in existence, and there can never be more than 21 million, so it’s not a very liquid market. If a way ever emerges to break bitcoins up into even smaller fractions, that might solve the problem, according to traders we spoke to. Then, an attempt at a correction: Quote Update: Article has been amended to reflect that bitcoins can already be traded in small fractions, indeed to 0.00000001 BTC (eight decimal places). Nonetheless, even with the ability to break bitcoins into small pieces, there are too few bitcoins in existence for institutional traders to be willing to trade them. So, 1.1 x 10^15 is not enough units to work with? if that was USD, that would by $1 Quadrillion. Anyhow, the correct answer was that the Bitcoin market is too small for institutional traders to be bothered with it. Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: dree12 on April 03, 2013, 02:38:48 AM This article is full of fail. First: Quote There are only 11 million bitcoins in existence, and there can never be more than 21 million, so it’s not a very liquid market. If a way ever emerges to break bitcoins up into even smaller fractions, that might solve the problem, according to traders we spoke to. Then, an attempt at a correction: Quote Update: Article has been amended to reflect that bitcoins can already be traded in small fractions, indeed to 0.00000001 BTC (eight decimal places). Nonetheless, even with the ability to break bitcoins into small pieces, there are too few bitcoins in existence for institutional traders to be willing to trade them. So, 1.1 x 10^15 is not enough units to work with? if that was USD, that would by $1 Quadrillion. Anyhow, the correct answer was that the Bitcoin market is too small for institutional traders to be bothered with it. Too few is correct in this case, as it would require more bitcoins (not more decimal points) to bring the market to an acceptable size. Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: christop on April 03, 2013, 02:51:25 AM So, 1.1 x 10^15 is not enough units to work with? if that was USD, that would by $1 Quadrillion. Anyhow, the correct answer was that the Bitcoin market is too small for institutional traders to be bothered with it. Too few is correct in this case, as it would require more bitcoins (not more decimal points) to bring the market to an acceptable size. Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: dree12 on April 03, 2013, 02:58:42 AM So, 1.1 x 10^15 is not enough units to work with? if that was USD, that would by $1 Quadrillion. Anyhow, the correct answer was that the Bitcoin market is too small for institutional traders to be bothered with it. Too few is correct in this case, as it would require more bitcoins (not more decimal points) to bring the market to an acceptable size. Let me reword the statement. More bitcoins are needed to bring the value of the market to an acceptable size. Trading in microbitcoins does not solve this problem. The article is correct in saying that there are currently "too few" bitcoins. It neglects to mention that there will always be "too few" at current prices, but regardless there is no error in the text. Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: Severian on April 03, 2013, 02:59:52 AM http://qz.com/69630/how-to-short-bitcoins-if-you-really-must/ She was spanked this morning: http://peculium.net/2013/04/02/155/ Title: Re: 2013-04-02 Quartz, How to Short Bitcoins If You Really Must Post by: jl2012 on April 03, 2013, 04:05:58 AM So, 1.1 x 10^15 is not enough units to work with? if that was USD, that would by $1 Quadrillion. Anyhow, the correct answer was that the Bitcoin market is too small for institutional traders to be bothered with it. Too few is correct in this case, as it would require more bitcoins (not more decimal points) to bring the market to an acceptable size. Let me reword the statement. More bitcoins are needed to bring the value of the market to an acceptable size. Trading in microbitcoins does not solve this problem. The article is correct in saying that there are currently "too few" bitcoins. It neglects to mention that there will always be "too few" at current prices, but regardless there is no error in the text. There are too few flowing bitcoins because it is still excessively undervalued. |