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Author Topic: I found a way to short BTC  (Read 1542 times)
qualia8
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June 26, 2011, 05:08:34 AM
 #1

1. Buy 50 BTC on Mt.Gox during crash at very low price. 
2. Withdraw BTC up to daily maximum. 
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.
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June 26, 2011, 05:16:57 AM
 #2

3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Well, that's a slap on the knee.
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June 26, 2011, 05:30:18 AM
 #3

3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Well, that's a slap on the knee.

lol

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nathanrees19
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June 26, 2011, 05:32:00 AM
 #4

1. Buy 50 BTC on Mt.Gox during crash at very low price. 
2. Withdraw BTC up to daily maximum. 
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Can you find a method that doesn't involve time travel and/or exchange-wide misfortune please?
qualia8
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June 26, 2011, 05:39:30 AM
 #5

I'm not terribly bright.  Only figured out that method because it happened to me.  I realized I suddenly had limited unlimited potential losses.  Wink
oneforall
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June 26, 2011, 05:46:21 AM
 #6

I'm not terribly bright.

this implies you consider yourself somewhere in the range of 100% dim right up to the edge of terribly bright, I'd think even you would be able to narrow the range down a bit more than that. maybe more honest would be, "I'm not at all bright".
1.21gigawatts
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June 26, 2011, 07:18:27 AM
 #7

how about just sell high and buy back low?
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