Bitcoin Forum
May 13, 2024, 03:57:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > I found a way to short BTC
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: I found a way to short BTC  (Read 1615 times)
qualia8 (OP)
Full Member
***
Offline Offline

Activity: 237
Merit: 100


View Profile
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.
1715572677
Hero Member
*
Offline Offline

Posts: 1715572677

View Profile Personal Message (Offline)

Ignore
1715572677
1715572677
Reply with quote  #2
1715572677
Report to moderator
1715572677
Hero Member
*
Offline Offline

Posts: 1715572677

View Profile Personal Message (Offline)

Ignore
1715572677
1715572677
Reply with quote  #2
1715572677
Report to moderator
1715572677
Hero Member
*
Offline Offline

Posts: 1715572677

View Profile Personal Message (Offline)

Ignore
1715572677
1715572677
Reply with quote  #2
1715572677
Report to moderator
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715572677
Hero Member
*
Offline Offline

Posts: 1715572677

View Profile Personal Message (Offline)

Ignore
1715572677
1715572677
Reply with quote  #2
1715572677
Report to moderator
1715572677
Hero Member
*
Offline Offline

Posts: 1715572677

View Profile Personal Message (Offline)

Ignore
1715572677
1715572677
Reply with quote  #2
1715572677
Report to moderator
1715572677
Hero Member
*
Offline Offline

Posts: 1715572677

View Profile Personal Message (Offline)

Ignore
1715572677
1715572677
Reply with quote  #2
1715572677
Report to moderator
Anonymous
Guest
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.
DrYe5
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250



View Profile
June 26, 2011, 05:30:18 AM
 #3
Quote from: Atlas on June 26, 2011, 05:16:57 AM
3. Wait for MtGox to reverse the trade and give you a negative BTC balance.

Well, that's a slap on the knee.

lol
nathanrees19
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
June 26, 2011, 05:32:00 AM
 #4
Quote from: qualia8 on June 26, 2011, 05:08:34 AM
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 (OP)
Full Member
***
Offline Offline

Activity: 237
Merit: 100


View Profile
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
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile
June 26, 2011, 05:46:21 AM
 #6
Quote from: qualia8 on June 26, 2011, 05:39:30 AM
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
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
June 26, 2011, 07:18:27 AM
 #7
how about just sell high and buy back low?
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > I found a way to short BTC
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!