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Author Topic: Shorting Bitcoin now possible  (Read 941 times)
ukuna
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May 24, 2013, 04:31:29 PM
 #1

http://bpoblog.com/shorting-bitcoin/
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WeedGrassDope
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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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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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May 29, 2013, 02:14:20 PM
 #4

100x leverage, just what I needed!  Roll Eyes

"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
http://haschinabannedbitcoin.com
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