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Topic: Shorting bitcoin (Read 110 times)
skhan855
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Shorting bitcoin
April 09, 2018, 07:28:51 PM
#1
Hi
Whats the simplest way to short bitcoin, I found margin too difficult.
Can anyone help?
RodeoX
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The revolution will be monetized!
Re: Shorting bitcoin
April 09, 2018, 07:31:38 PM
#2
http://www.cmegroup.com/trading/bitcoin-futures.html
https://www.tdameritrade.com/investment-products/futures-trading/bitcoin-futures.page
Futures markets may be what your looking for.
The gospel according to Satoshi -
https://bitcoin.org/bitcoin.pdf
Free bitcoin in
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- Stay tuned for this years Bitcoin hunt!
squatz1
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Re: Shorting bitcoin
April 10, 2018, 12:17:59 AM
#3
Meh I wouldn't go on the futures market, I'd rather use a simpler service such as Bitmex -- they're pretty easy to sign up on (given that you're not from the US) and then you'll be able to short a good number of coins which the leverage (or not) that you desire.
If you want to get involved with Bitmex, I'd suggest going here and checking it out -
https://blockonomi.com/bitmex-review/
-- It's a good review on them with a guide. Goodluck with the shorting
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Sinecoin
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Re: Shorting bitcoin
April 10, 2018, 02:38:00 AM
#4
Quote from: skhan855 on April 09, 2018, 07:28:51 PM
Hi
Whats the simplest way to short bitcoin, I found margin too difficult.
Can anyone help?
Margins arent really that hard i could explain it in laymens turns. Margin trading is where the exchange will lend you a certain amount of money in relation to how much money you have. With that money you can open a short or long position on a crypto. A short position is where you bet on a certain crypto to go down. The exchange will lend you the specified amount of crypto and you will sell it at a certain price and then once you close your position youll buy back at that price (preferably a lower price than what you bought at) and then youll return the coins that you borrowed to the exchange. Long positions work the same way just vice versa.
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Awesomus Maximus
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Re: Shorting bitcoin
April 10, 2018, 08:35:23 AM
#5
Quote from: squatz1 on April 10, 2018, 12:17:59 AM
Meh I wouldn't go on the futures market, I'd rather use a simpler service such as Bitmex
Any clue about bitmex withdrawal fees? All it say on their website is
Quote
the minimum Bitcoin Network fee is set dynamically based on blockchain load.
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