Bitcoin Forum
October 19, 2017, 03:10:44 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: What does it mean to "short a coin"?  (Read 258 times)
hienyimba
Newbie
*
Offline Offline

Activity: 24

http://iRentAway.com- Alternative to Polo Trollbox


View Profile WWW
May 30, 2017, 12:15:11 AM
 #1

I keep on seeing this terminlogy thrown around here. Pls could anyone explain to me what it means? or better still, How to go about it? I heard you could make a decent profit though it is risky

http://iRentAway.com- Alternative to Polo Trollbox
1508425844
Hero Member
*
Offline Offline

Posts: 1508425844

View Profile Personal Message (Offline)

Ignore
1508425844
Reply with quote  #2

1508425844
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508425844
Hero Member
*
Offline Offline

Posts: 1508425844

View Profile Personal Message (Offline)

Ignore
1508425844
Reply with quote  #2

1508425844
Report to moderator
1508425844
Hero Member
*
Offline Offline

Posts: 1508425844

View Profile Personal Message (Offline)

Ignore
1508425844
Reply with quote  #2

1508425844
Report to moderator
1508425844
Hero Member
*
Offline Offline

Posts: 1508425844

View Profile Personal Message (Offline)

Ignore
1508425844
Reply with quote  #2

1508425844
Report to moderator
DarkStar_
Hero Member
*****
Offline Offline

Activity: 756


For Lady and Mister! Enjoy Bazista!


View Profile WWW
May 30, 2017, 12:23:22 AM
 #2

When you "short a coin", you are basically borrowing that coin, selling it, and than expecting the price to go down to make a profit.
If I short LTC, if the price goes up, I lose money and if the price goes down, I get more and more profit the lower it goes.

Some exchanges (not sure which ones) let you short coins. You can make a decent/good profit if you know what you are doing, but it can be quite risky.


▄██████████████████
███████████████████
███████████████████
█████████████████
███████████████
████████████████
████████████████
█████████████████
███████████████████
████████████████████
█████████████████████
▀████████████████████
Bazista®
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██

██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
|||
hienyimba
Newbie
*
Offline Offline

Activity: 24

http://iRentAway.com- Alternative to Polo Trollbox


View Profile WWW
May 30, 2017, 12:39:27 AM
 #3

Thanks for your enlightening response. But this means you can only short on margin trading right?

http://iRentAway.com- Alternative to Polo Trollbox
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!