Thanks, great advice. Sounds like what I'm after.

definitely, i agree.

but, for example, a business that transacts in bitcoin as a potential payment method to and from customers always needs bitcoin available. with this liquidity comes exposure to price movements, which was never your business edge in the first place.  by shorting a similar amount to the amount you hold in stock for liquidity purposes your exposure is effectively zero.  of course, not having bitcoin at all would be better, but then you wouldn't be able to offer your customers said service.  btw, i'm not a business, this is just an example, but it seems to me this is common problem which must have a cheaper solution somewhere than paying 25% of your hedge a year, hence my question.

I would like to short sell bitcoin long term, mainly to hedge exposure I have from being long bitcoin in my day-to-day hobby.

Of course there are different ways to short sell. Through an exchange, through options, through CFD's, through futures  etc.   I've looked at shorting through an exchange, for example Kraken charges 0,01% every four hours. That sounds competitive, but when you annualize that it adds up to something like 25% of your position value. That might be fine for speculation, but it's really expensive for hedging, so I was looking for something different.

There must have been people before me who had the same question, i.e.: suppose I want to 1:1 short a fixed number of BTC,  which (and where)  is the cheapest way to short?

Thanks. Deleting and restoring fixed it.

it's shown in http://pastebin.com/cuktu6aG

First of all, apologies for my 2nd noob-thread in one day

After having gotten Armory to work, I found I forgot my passphrase which I set in 2013. No worries, I've got the paper back up, which works fine.

https://www.bitcoinarmory.com/tutorials/armory-basics/restore-wallet/

However, when I reach the option of either merging or overwriting in the "You already have this wallet loaded!"-stage, nothing happens. I click it and it seems there's some sort of error showing for 1 microsecond (which is unreadable to the human eye as it immediately disappears), and then nothing.

Alternatively, I could delete my wallet, and then try to restore, but I'm reluctant to try this (as when it also doesn't work, my balance is gone completely), and also my screens match the screens from the guy in the tutorial perfectly until the very last step so this shouldn't be necessary.

Any suggestions or logs I could send in? Thanks.

Thanks for your reply. I use the most recent version (0.95.1)

I fixed the problem actually; I'll explain what I did for anyone googling.

I installed Betcoin Core in 2013 when I wanted to start using Bitcoin. I downloaded the chain, but never used it.

Now, in 2017, for some reason Armory ddidn't work (and still doesn't work) when it tries to run Core in the background, it just hangs on trying to create a database. It does work when I first manually run Core and then Armory. But for some reason Armory was then using the 2013 download, not everything that I had already updated since then. I noticed this as Armory said it has access to about 350K blocks, while Core had 450K.

Again, for some reason this fixed itself after I left the path for "Bitcoin Home Dir" blank, instead of filled in. When I did this Armory started using the new blockchain download and after about two hours my balance is showing properly.

I still can't run Armory without myself manually running Core (as it hangs) and unticking the automatic option, but it seems if I do it manually everything is now working.

Hi,

Quick question: as a Bitcoin-noob I recently started using Armory, without really knowing too much about what I was doing, as someone insisted in sending me Bitcoins (instead of "regular" payment). I gave them the address, they paid, transaction confirmed on blockchain.info after a few hours.

I then found out before actually being able to use Armory I needed to use Bitcoin Core/to download the blockchain, which I did. Now fast forward two days Bitcoin Core appears to be fully synced, Bitcoin Armory says it is connected,  but still no payment in my wallet and my balance still zero.  If in Armory I go to "Wallet Properties", and right click the address the payment was send to, and choose "View address on Blockchain.info" it actually points me to the transaction being completed. So why is it not showing up in my Amory Balance or transaction history?  Is there another step I'm somehow missing?

Any help would be very much appreciated!