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alex_fun (OP)
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November 17, 2013, 03:15:58 AM |
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Hi folks, What are best sites that provide BTC short facilities on margin? say 10x margin?  |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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notme
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Activity: 1904
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November 17, 2013, 03:16:43 AM |
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Hi folks, What are best sites that provide BTC short facilities on margin? say 10x margin? The last site to offer leverage that high went bankrupt. bitfinex.com allows up to 2.5X |
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alex_fun (OP)
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November 17, 2013, 03:28:38 AM |
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Notme it seems bitfinex also acts as market maker instead of offering access to likes of btc e? They idea of inviting investors is cool. Its just bitcoin jumps up and down by how many % max? say bet is 1000X10 = 10,000 so it have to jump more that 10% at once to create loss for provider. Do such jumps happens often? I got one more idea |
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vokain
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November 17, 2013, 03:31:30 AM |
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kraken.com ?
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notme
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November 17, 2013, 03:32:39 AM |
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Notme it seems bitfinex also acts as market maker instead of offering access to likes of btc e? They idea of inviting investors is cool. Its just bitcoin jumps up and down by how many % max? say bet is 1000X10 = 10,000 so it have to jump more that 10% at once to create loss for provider. Do such jumps happens often? I got one more idea >10% moves happen pretty regularly. |
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ElectricMucus
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Marketing manager - GO MP
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November 17, 2013, 03:33:03 AM |
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icbit should lets you do that with options.
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Mick129
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November 17, 2013, 03:59:33 AM |
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I use plus500, it is far more friendly user, but they lowered the leverage from 10 to 4... Avatrade, leverage of 1:5 with a margin of 20% Plus500 1:4 but only ask 10%, I just hope they will increase the leverage soon. |
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TERA
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November 17, 2013, 04:03:47 AM |
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With 10:1 margin you will be liquidated at $500!
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Mick129
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November 17, 2013, 04:05:50 AM |
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With 10:1 margin you will be liquidated at $500!
I've survived so far with 1:10 but yes the risk is high. |
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theonewhowaskazu
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November 17, 2013, 05:30:53 AM |
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IT would be insane for any site to offer that much leverage on a short unless they made you sign some sort of enforceable debt contract, which clearly isn't happening.
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freebird
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Freedom through Cryptocurrency!
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November 17, 2013, 06:18:15 AM |
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Wanting to short bitcoin on 10x margin reminds me of this quote by Gene Hackman in Enemy of the State: "You're either very smart or incredibly stupid." http://www.hark.com/clips/jrfwjxcklf-either-smart-or-stupidDid you hear some insider info about what's going to happen at the Senate hearing? Maybe some senators will come out for banning bitcoin and a leveraged short will pay off big. Otherwise, you could lose everything in a matter of hours. |
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antimattercrusader
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November 17, 2013, 07:15:12 AM |
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Hi folks, What are best sites that provide BTC short facilities on margin? say 10x margin? That has bad news written all over it, for anyone who offers such service especially. |
BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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Zangelbert Bingledack
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November 17, 2013, 10:02:33 AM |
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I'd think 2-3x is the maximum margin you'd ever want (or anyone would be able to provide, until Wall Street jumps in) for anything other than extremely short-term trading.
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Rupture
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November 17, 2013, 10:05:40 AM |
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I use plus500, it is far more friendly user, but they lowered the leverage from 10 to 4... Avatrade, leverage of 1:5 with a margin of 20% Plus500 1:4 but only ask 10%, I just hope they will increase the leverage soon. Is plus500 legit? They seem a bit off to me |
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Mick129
Newbie
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November 17, 2013, 12:27:15 PM |
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It is legit I used it for many years... but now the leverage is 1:2 So im definitely looking for another broker
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vokain
Legendary
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Activity: 1834
Merit: 1019
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November 17, 2013, 03:50:07 PM |
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Wanting to short bitcoin on 10x margin reminds me of this quote by Gene Hackman in Enemy of the State: "You're either very smart or incredibly stupid." http://www.hark.com/clips/jrfwjxcklf-either-smart-or-stupidDid you hear some insider info about what's going to happen at the Senate hearing? Maybe some senators will come out for banning bitcoin and a leveraged short will pay off big. Otherwise, you could lose everything in a matter of hours. many people will prove to be incredibly stupid (for our amusement) Here is this epic thread: https://bitcointalk.org/index.php?topic=59969.0 |
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theonewhowaskazu
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November 17, 2013, 03:55:38 PM |
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I use plus500, it is far more friendly user, but they lowered the leverage from 10 to 4... Avatrade, leverage of 1:5 with a margin of 20% Plus500 1:4 but only ask 10%, I just hope they will increase the leverage soon. Is plus500 legit? They seem a bit off to me It seems like it would be really easy to screw that site over by manipulating Goxs price. Sorta surprised nobody has tried yet. |
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True___Blue
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November 17, 2013, 04:19:00 PM |
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Bitfinex allows x4 margin.
BTC.sx allows for larger margins but I don't remember how big.
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Mick129
Newbie
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November 17, 2013, 05:47:08 PM |
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Bitfinex allows x4 margin.
BTC.sx allows for larger margins but I don't remember how big.
BTC.sx is 1:10. Anyone use it? Any comment about this one? |
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