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Shorting Bitcoin now possible
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Topic: Shorting Bitcoin now possible (Read 1062 times)
ukuna
(OP)
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Shorting Bitcoin now possible
May 24, 2013, 04:31:29 PM
#1
http://bpoblog.com/shorting-bitcoin/
WeedGrassDope
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Re: Shorting Bitcoin now possible
May 24, 2013, 10:00:23 PM
#2
Even if it works as planned, the big issue is trust. Once they have your BTC, will they give them back to you? Offshore Forex firms are known to rip off customers because there's nothing they can do about it. Same risk applies here.
bb999
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Activity: 70
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Re: Shorting Bitcoin now possible
May 29, 2013, 02:10:27 PM
#3
Also there are technical issues with shorting BTC. If you are truly "short" then you must have borrowed the BTC from someone to sell it, otherwise what this is offering is simply a synthetic bet on some exchanges reference price of BTC. As the poster above mentioned there are serious trust requirements for this type of project.
sgbett
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Re: Shorting Bitcoin now possible
May 29, 2013, 02:14:20 PM
#4
100x leverage, just what I needed!
"A purely peer-to-peer version of
electronic cash
would allow online payments to be sent directly from one party to another
without going through a financial institution
"
-
Satoshi Nakamoto
*my posts are not investment advice*
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