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Author Topic: Short selling  (Read 1977 times)
fastandfurious
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August 04, 2011, 05:03:38 PM
 #1

I'm asking the bitcoin community and the exchanges: Is there any plans of implementing short selling of bitcoin in the (near) future? I would guess that if it will be possible and trustworthy, it will be at the exchanges.

The reason I am saying this is because I think there is a demand for it. From miners that want to take profit at specific levels to minimize risk and from speculators. The exchange that will implement this will get many new traders.
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stick_theman
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August 04, 2011, 05:30:29 PM
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Yes, most exchanges are going to have this feature in the near future, including margin accounts, shorts & options.  Baby steps, security first.
fastandfurious
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August 04, 2011, 05:33:14 PM
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Yes, most exchanges are going to have this feature in the near future, including margin accounts, shorts & options.  Baby steps, security first.

Maybe you are right. My feeling is that this is not a high priority right now. But I am sure that it will be popular, specially for the miners that are heavily invested.
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August 04, 2011, 05:43:27 PM
 #4

Why do you need short selling? You can buy bitcoins when they are low, and when the price is high, you can go short. The price is so volatile you don't really need short selling as an entry point. Would be nice to hear some more from the trading experts ;-)
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August 04, 2011, 05:51:40 PM
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Yes, most exchanges are going to have this feature in the near future, including margin accounts, shorts & options.  Baby steps, security first.

Maybe you are right. My feeling is that this is not a high priority right now. But I am sure that it will be popular, specially for the miners that are heavily invested.

Yep.  I read this in an article.  A lot of new and exciting things are happening.  The truth is, two or three years down the road, the bitcoin scene is going to be very different from what it looks like today.

I heard from a Trader that bitcoin scene today looks a lot like what wall street is like 10 to 15 years ago.  Disorganized, no central structure...

Forget the short term gyration, stick to the big picture. 

Best!
fastandfurious
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August 04, 2011, 05:54:33 PM
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Why do you need short selling? You can buy bitcoins when they are low, and when the price is high, you can go short. The price is so volatile you don't really need short selling as an entry point. Would be nice to hear some more from the trading experts ;-)

Short selling gives you the opportunity to make money as you describe it BUT in both ways, double the profit. Smiley

If anyone has any idea of how I could short sell bitcoins, tell me. I am willing to pay a 10 % interest, calculated per year and I have the option to close the loan sooner on the bitcoins that I borrow. Thats really good for something that gives zero % interest.

For example I loan the bitcoins for 3 months (3/12) x 10 % = the interest I will pay.
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August 04, 2011, 06:00:29 PM
 #7

Short selling gives you the opportunity to make money as you describe it BUT in both ways, double the profit. Smiley

Ah ok, I already though it was just for doubling the budget Smiley
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August 04, 2011, 07:01:06 PM
 #8

According to their website, CampBX is just waiting to get their trade volume/liquidity up before enabling short selling

https://campbx.com/faq.php#trading
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August 05, 2011, 02:37:15 PM
 #9

I welcome the opportunity to play both sides. Brings the bitcoin markets in line with all the other 'majors' out there.

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August 05, 2011, 04:24:28 PM
 #10

According to their website, CampBX is just waiting to get their trade volume/liquidity up before enabling short selling

https://campbx.com/faq.php#trading

I read somewhere that they will introduce aggressive discounts to increase volume.
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August 05, 2011, 05:08:34 PM
 #11

Bitcoinstars will have wagering on daily bitcoin prices available when we open up shop so you can wager for the price to drop. We will have a API EOM also.
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August 05, 2011, 06:19:03 PM
 #12

Bitcoinstars will have wagering on daily bitcoin prices available when we open up shop so you can wager for the price to drop. We will have a API EOM also.

Are you talking about options with strikes and expiration months?

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BitcoinStars.com
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August 05, 2011, 06:53:49 PM
 #13

Bitcoinstars will have wagering on daily bitcoin prices available when we open up shop so you can wager for the price to drop. We will have a API EOM also.

Are you talking about options with strikes and expiration months?

Hi.We will have expirations every day multiple times a day. There will be many choices hourly where you can make or take offers. For example we will create a bitcoin  Last Price at MTGOX of 10.30 ending at 9:00PM Eastern Time. You can choose the over or under of the 10.30 option and the price your willing to pay or you can accept the price someone is offering. Feel free to see the market here for example.

http://bitcoinstars.com/props.php?leagueid=1
fastandfurious
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August 05, 2011, 07:12:35 PM
 #14

Bitcoinstars will have wagering on daily bitcoin prices available when we open up shop so you can wager for the price to drop. We will have a API EOM also.

Are you talking about options with strikes and expiration months?

Hi.We will have expirations every day multiple times a day. There will be many choices hourly where you can make or take offers. For example we will create a bitcoin  Last Price at MTGOX of 10.30 ending at 9:00PM Eastern Time. You can choose the over or under of the 10.30 option and the price your willing to pay or you can accept the price someone is offering. Feel free to see the market here for example.

http://bitcoinstars.com/props.php?leagueid=1

When will this be up?

Let me give you one more thing you could have. Options trading, it will be great. Don't make the misstake and have many strikes. For example, if the price at Mt.Gox is 10 dollars, have normal range of the strikes, 10 dollars, 11, 12, 13 ,14, 15, and 20 dollars, on the down side, 9, 8, 7, 6, 5 dollars. The 20 dollar strike will work as a synthetic shorts selling Bitcoin, because its heavily "in the money", the other are giving the market players good chance to make a more speculative bet. If the bitcoin price the month after is 11 dollars, you could then also open an extra strike price at 16 dollars. Just hold the 50 % plus minus strikes every month it will work out fine. Have strikes in total of 3 months in a row. Have your expiration date as real options for indices and stocks (in US), the third friday in the month, and the time that US options expire, last 24 hours should be the weighted average to decide the end price.

Keep the fees really low, don't forget that. Mt.Gox is still taking a lot in fees, they take 0,30 %, I pay 0,025 % with my stock broker.

Put also a clock on your site, and a clock that shows how many minutes and hours there is left before the bet ends.
BitcoinStars.com
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August 05, 2011, 07:42:58 PM
 #15

Bitcoinstars will have wagering on daily bitcoin prices available when we open up shop so you can wager for the price to drop. We will have a API EOM also.

Are you talking about options with strikes and expiration months?

Hi.We will have expirations every day multiple times a day. There will be many choices hourly where you can make or take offers. For example we will create a bitcoin  Last Price at MTGOX of 10.30 ending at 9:00PM Eastern Time. You can choose the over or under of the 10.30 option and the price your willing to pay or you can accept the price someone is offering. Feel free to see the market here for example.

http://bitcoinstars.com/props.php?leagueid=1

When will this be up?

Let me give you one more thing you could have. Options trading, it will be great. Don't make the misstake and have many strikes. For example, if the price at Mt.Gox is 10 dollars, have normal range of the strikes, 10 dollars, 11, 12, 13 ,14, 15, and 20 dollars, on the down side, 9, 8, 7, 6, 5 dollars. The 20 dollar strike will work as a synthetic shorts selling Bitcoin, because its heavily "in the money", the other are giving the market players good chance to make a more speculative bet. If the bitcoin price the month after is 11 dollars, you could then also open an extra strike price at 16 dollars. Just hold the 50 % plus minus strikes every month it will work out fine. Have strikes in total of 3 months in a row. Have your expiration date as real options for indices and stocks (in US), the third friday in the month, and the time that US options expire, last 24 hours should be the weighted average to decide the end price.

Keep the fees really low, don't forget that. Mt.Gox is still taking a lot in fees, they take 0,30 %, I pay 0,025 % with my stock broker.

Put also a clock on your site, and a clock that shows how many minutes and hours there is left before the bet ends.


Hi thanks for the feedback. We will open when our Cloudflare SSL is activated.We created this website for the bitcoin community so if you would like to have monthly options as well as hourly choices we will get that added for you. We will create a poll in the speculation forum in the future and ask the community how many strikes they would like in the Monthly Option Market. We will also have a running feedback thread in the future because we want to add as much as we can of what the community wants.This website concept was with the idea to bring value to the community as a whole.The fee will be monitored and reviewed as often as possible. We will look to trim any fee any chance we get. The marketplace is only the beginning of the site as we will be giving the front page a overhall that will look impressive sometime in the September-October range. End of year we will look to add non-casino games (air hockey for example) where you can play other users for bitcoins.
fastandfurious
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August 05, 2011, 07:52:00 PM
 #16

Bitcoinstars will have wagering on daily bitcoin prices available when we open up shop so you can wager for the price to drop. We will have a API EOM also.

Are you talking about options with strikes and expiration months?

Hi.We will have expirations every day multiple times a day. There will be many choices hourly where you can make or take offers. For example we will create a bitcoin  Last Price at MTGOX of 10.30 ending at 9:00PM Eastern Time. You can choose the over or under of the 10.30 option and the price your willing to pay or you can accept the price someone is offering. Feel free to see the market here for example.

http://bitcoinstars.com/props.php?leagueid=1

When will this be up?

Let me give you one more thing you could have. Options trading, it will be great. Don't make the misstake and have many strikes. For example, if the price at Mt.Gox is 10 dollars, have normal range of the strikes, 10 dollars, 11, 12, 13 ,14, 15, and 20 dollars, on the down side, 9, 8, 7, 6, 5 dollars. The 20 dollar strike will work as a synthetic shorts selling Bitcoin, because its heavily "in the money", the other are giving the market players good chance to make a more speculative bet. If the bitcoin price the month after is 11 dollars, you could then also open an extra strike price at 16 dollars. Just hold the 50 % plus minus strikes every month it will work out fine. Have strikes in total of 3 months in a row. Have your expiration date as real options for indices and stocks (in US), the third friday in the month, and the time that US options expire, last 24 hours should be the weighted average to decide the end price.

Keep the fees really low, don't forget that. Mt.Gox is still taking a lot in fees, they take 0,30 %, I pay 0,025 % with my stock broker.

Put also a clock on your site, and a clock that shows how many minutes and hours there is left before the bet ends.


Hi thanks for the feedback. We will open when our Cloudflare SSL is activated.We created this website for the bitcoin community so if you would like to have monthly options as well as hourly choices we will get that added for you. We will create a poll in the speculation forum in the future and ask the community how many strikes they would like in the Monthly Option Market. We will also have a running feedback thread in the future because we want to add as much as we can of what the community wants.This website concept was with the idea to bring value to the community as a whole.The fee will be monitored and reviewed as often as possible. We will look to trim any fee any chance we get. The marketplace is only the beginning of the site as we will be giving the front page a overhall that will look impressive sometime in the September-October range. End of year we will look to add non-casino games (air hockey for example) where you can play other users for bitcoins.

It all sounds really good. And I wish you all the best with the project, keep the bitcoin community updated.
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August 05, 2011, 07:55:50 PM
 #17


Given the small size of the markets and the distribution of wealth in the system at this point, not to mention the proportionally enormous weekly BTC heists, my guess is that a lot of people would get body slammed with short squeezes and margin calls before they could blink.  One would have to have balls of steel to play that game at this point me thinks.  I sure would not...but I'd certainly take some interest in watching the fireworks and observing the battlefield carnage.  C'mon CampBX...let the games begin!

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August 05, 2011, 10:10:16 PM
 #18

One of the regulars on #bitcoin-otc runs an option site.  here's the link:

http://polimedia.us/bitcoin/options.php
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November 21, 2011, 07:53:48 AM
 #19

One of the regulars on #bitcoin-otc runs an option site.  here's the link:

http://polimedia.us/bitcoin/options.php

Any information about how long I should wait to get an email back? I just sent them the coins after waiting an hour. Nothing has changed and I have no idea if it worked. There seems to not be any other threads about this.

Thanks.

its currently 3:00AM eastern time 
wait 1 day
i hope you checked his rating b4 dealing with him

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November 21, 2011, 07:57:04 AM
 #20

CampBX is going to own all the other exchanges...

I HOPE Smiley !

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