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Author Topic: How to short an altcoin?  (Read 590 times)
bitcoinrocks (OP)
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April 23, 2015, 05:36:01 PM
 #1

Is it possible to short an altcoin?
lucasjkr
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April 23, 2015, 05:45:33 PM
 #2

If you can find an exchange that supports hat feature. Otherwise, you could negotiate terms And a rate of interest with a current holder, though you'll need to collateralize it. Then you simply sell those coins and hope they fall so you can buy them back and return them to the lender.
bitcoinrocks (OP)
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April 23, 2015, 05:47:53 PM
 #3

Which exchanges support shorting?

Is there a service that facilitates that sort of an arrangement between a holder and shorter?
Braino
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April 23, 2015, 06:05:40 PM
 #4

If there is none, sounds like an opportunity in the making.

Although if anyone knows of an exchange that shorts alts please post  Cool



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Zer0Sum
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April 23, 2015, 06:08:19 PM
 #5

Which exchanges support shorting?

Is there a service that facilitates that sort of an arrangement between a holder and shorter?

Bitfinex and probably some Chinese exchanges.

I'm surprised a mainstream exchange hasn't set up a Stock Loan service...
They could just lend you coins from the Hot Wallet and charge large fees...
Instead these Rocket Scientists sell you "innovative" mining scams like Mintsy.
bitcoinrocks (OP)
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April 23, 2015, 06:15:25 PM
 #6

I can't find any indication of the coins that Bitfinex supports on their website.  Do they support any besides BTC?
hvezdasmrti
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April 23, 2015, 06:50:28 PM
 #7

Shorting shitcoins would be fine, just sell anything = profit. But it would kill any volume because nobody is so stupid to pump into shortly perma-sold coin. I often wished to sell overpumped coins shortly, but its not possible. Its not fair  Angry

In Pump and Dump we trust.
billotronic
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April 23, 2015, 07:56:37 PM
 #8

you can do btc and ltc futures at okcoin

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
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