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Author Topic: Where is the best place for BTC futures/options on currency?  (Read 555 times)
itsunderstood
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April 02, 2013, 01:45:03 AM
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I would like to use some of my bitcoin to short a currency I think will fall, relative to bitcoin.

I think a nation's currency is going to explode.  I am bearish on this nation's money.  I am bullish on bitcoin.

I have an account at havelockinvesments.com, they offer to sell me a share in a mining pool, that's cool, I can see my profits as it goes up.  But I want to see profits in BTC terms as the currency I am speaking of, goes down.  "Down" meaning people are ditching this currency, and buying bitcoin.

Where should I set up an account to do this?  Thanks in advance!

Check out my prescient ATS thread from 2008: "Windows XP: End the Cyberwar, Open the Code Now!" http://www.abovetopsecret.com/forum/thread411978/pg1
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April 02, 2013, 03:37:20 AM
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I would like to use some of my bitcoin to short a currency I think will fall, relative to bitcoin.

I think a nation's currency is going to explode.  I am bearish on this nation's money.  I am bullish on bitcoin.

I have an account at havelockinvesments.com, they offer to sell me a share in a mining pool, that's cool, I can see my profits as it goes up.  But I want to see profits in BTC terms as the currency I am speaking of, goes down.  "Down" meaning people are ditching this currency, and buying bitcoin.

Where should I set up an account to do this?  Thanks in advance!

Long bitcoin is short fiat.  You're unlikely to be able to short fiat directly with bitcoin margins, but if you really want to you can leverage up your btc position: icbit.se or bitfinex.com

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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