Anyone got Bitcoins? I wanna go short!

[gill83]

I have a very strong feeling that Bitcoins is gonna go belly flop, so I wanna short them.

MtGox and those other bitcoin exchanges don't let you go short so I have a proposition for anyone that owns bitcoins. Heres how it works:

I "borrow" the bitcoins from you and sell them on the open market. For this privilege, I pay you a negotiated fee. On some agreed upon date in the future, I buy them back from the exchange and you get back your bitcoins.

Your profit: The money I pay you as a fee for borrowing your bitcoins (this is not dependent on the price of the bitcoins themselves)
My profit: The price difference between selling them initially and the price I can buy them back at (this is extremely dependent on the price of the bitcoins)

If you are unfamiliar with this concept, here is a video:
http://www.investopedia.com/video/play/short-selling/

Ideally, it would be great if you had 100 or more bitcoins.

This is not a scam. We can do all necessary paperwork to make this a legal transaction. If you are in the Bay area, we can meet face to face. I will share my phone number and all other required info.

Let me know if this sounds like something you are interested in and have some bitcoins laying around

[MrCrabs]

Ah No.

[el_rlee]

www.bitfinex.com

[johnniewalker]

I have a very strong feeling that Bitcoins is gonna go belly flop, so I wanna short them.

MtGox and those other bitcoin exchanges don't let you go short so I have a proposition for anyone that owns bitcoins. Heres how it works:

I "borrow" the bitcoins from you and sell them on the open market. For this privilege, I pay you a negotiated fee. On some agreed upon date in the future, I buy them back from the exchange and you get back your bitcoins.

Your profit: The money I pay you as a fee for borrowing your bitcoins (this is not dependent on the price of the bitcoins themselves)
My profit: The price difference between selling them initially and the price I can buy them back at (this is extremely dependent on the price of the bitcoins)

If you are unfamiliar with this concept, here is a video:
http://www.investopedia.com/video/play/short-selling/

Ideally, it would be great if you had 100 or more bitcoins.

This is not a scam. We can do all necessary paperwork to make this a legal transaction. If you are in the Bay area, we can meet face to face. I will share my phone number and all other required info.

Let me know if this sounds like something you are interested in and have some bitcoins laying around

Why do you feel this way, exactly?

[🏰 TradeFortress 🏰]

Sure, you send me collateral first, BTC always stays with me. I won't get scammed, you'll still be able to short without rep.

Example: You send me $6,500
You tell me to short 50 BTC, I sell it on gox, say price is $100 each
A week later and BTC is $90. I send you your $6,500 back + $500 - interest
However, if BTC goes to $130 then I'll sell your $6,500 for BTC.

PM me as I might not check this thread.