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Author Topic: How can you short sell Bitcoins?  (Read 1584 times)
gabrielle
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June 15, 2011, 03:22:48 AM
 #1

i want to make some money by shorting this sucker to 0.
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EpicFail
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June 15, 2011, 03:29:23 AM
 #2

You need to find someone willing to lend you X bitcoins for Y months for a small fee (Z).

You sell the X BTC now and after Y months you but it back from the open market and give the guy back his X BTC + Z. You hope that you will be able to buy the X BTC back for something close to 0.
Shinobi
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June 15, 2011, 03:35:24 AM
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.... and with such a volatile market lacking in any possible market analysis, this will blow up in your face quite easily.

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June 15, 2011, 05:03:14 AM
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IF it goes to 0...you double your money shorting. If it goes up big time...you a big time f'd in your anus.
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June 15, 2011, 05:15:29 AM
 #5

next best bet is to do the good old sell high, buy low. it's mostly gambling though when you are talking about a deflationary currency. I'm no expert, but my advise it to only bet against the price going up after you've cashed out some BTC at whatever rate you planned well in advance.

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