How do you short cryptocurrencies?

[gambit1]

I have no idea how to do this.

Any help would be appreciated.

[jacee]

I have no idea how to do this.

Any help would be appreciated.

short? what do you mean by short? Can you rephrase that? If you meant sort, I think coinmarketcap is a good place to look .

[Dr Charles]

I have no idea how to do this.

Any help would be appreciated.

You have to join a platform that allows margin trading and deposit some bitcoin or whatever coin you want to short into your account as collateral. You can then short or long a position.

Some platforms like bitfinex offer leverage at 1:3. Others like SimpleFX go all the way to 1:500.

Keep in mind that margin trading can generate much larger losses then traditional trading. Although there are margin call limits in place in most cases, it does not mean that you cant lose more money than you actually have in your account.

[loreRex]

Stay away from margin trading until you know very very well what are you doing.

[douglock]

I have no idea how to do this.

Any help would be appreciated.

Buy the coin when it is low and sell it when you reach 10% profit. There is a small tip: be patient. The more you patient, the more money you can earn

[Gunntha]

"short" means selling , if that´s your question

[Dr Charles]

Guys I think OP understands what shorting is... I think he is asking how/where to short cryptos.

[StinkyLover]

In crypto, I think the way to do this (at this point in time) is to assume the position of both borrower and lender, and accumulate on the quiet.

The crypto needs to have good tech and you need to be assured that it won't dump to 0. It also needs to be "all quiet on the western front" at the start of the shorting process.

1. Lender - Accumulate a nice sizeable amount quietly and sit on it.
2. Borrower - Once the price reaches a level where you think a correction is about to happen (this is a BIG gamble), sell it. This is the same as the "lender" lending it to the "borrower" who then sells it in the belief that the price will drop.
3. Borrower - Once the price drops, buy back the original amount.
4. Lender (you) - You now have the same amount of crypto.
5. Borrower (you) - You now have your profit.

I'm not sure the market is mature enough to do this on an industrial scale with other people's crypto (lenders) but I might be wrong. I wouldn't know because I don't gamble on the markets (any more). I generally buy and hodl for the future.

I'm happy to be corrected here. It's just my take on it.

[sherlock_h]

If you refer to the timing, there are no formulas. You simply have to identify the time when people are paying more than they should for something.

[Dr Charles]

Several exchanges offer margin trading... just do some research. Sign up and trade but do it at your own risk.

[gambit1]

Thanks for the responses.   

[dalovar]

I have no idea how to do this.

Any help would be appreciated.

You have to join a platform that allows margin trading and deposit some bitcoin or whatever coin you want to short into your account as collateral. You can then short or long a position.

Some platforms like bitfinex offer leverage at 1:3. Others like SimpleFX go all the way to 1:500.

Keep in mind that margin trading can generate much larger losses then traditional trading. Although there are margin call limits in place in most cases, it does not mean that you cant lose more money than you actually have in your account.

This is the only useful answer. I didn't know Bitfinex allowed shorting. Good to know. I think Poloniex allows margin sells as well.

[cryptonikus]

This is the only useful answer. I didn't know Bitfinex allowed shorting. Good to know. I think Poloniex allows margin sells as well.

It does indeed. I just found this option now after you mentioned it. Felt pretty dumb for taking this long to notice it.

[StinkyLover]

This is the only useful answer. I didn't know Bitfinex allowed shorting. Good to know. I think Poloniex allows margin sells as well.

It does indeed. I just found this option now after you mentioned it. Felt pretty dumb for taking this long to notice it.

Just be careful. Don't lose your shirt.

[jane418]

I think you can do that on Poloniex. But not every crypto can be shorted.

[alyssa85]

Poloniex allows shorting but only for a few coins: bitshares, clams, doge, dash, ltc, maid, str, xmr, xrp, eth and fct.

You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..

[USBitcoinServices.Com]

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Join SONM and contribute to make the SONM project happen some details here https://twitter.com/sonmdevelopment

[Omega Weapon]

I have no idea how to do this.

Any help would be appreciated.

short? what do you mean by short? Can you rephrase that? If you meant sort, I think coinmarketcap is a good place to look .

Shorting a coin is basically betting against the coin, when you buy bitcoin then you are expecting for the price to go up and that is the way you make profit, but when you short a coin you are expecting for the price to go down instead of up that way you can make money when the price goes to the opposite direction and for those with great skill is a way to make some good money.

[_ATOmix_]

Poloniex allows shorting but only for a few coins: bitshares, clams, doge, dash, ltc, maid, str, xmr, xrp, eth and fct.

You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..

Can you short just any coin on other exchanges ?

[StockBet.com]

After our Token Sale, we will develop Financial Spread Betting, Contract For Difference and Binary Options, which enable you to short crypto currencies on our platform.

In the meantime, you can take Bear bets against cryptos on StockBet.com, but it's currently with free "chips".