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Author Topic: How do i short NMC?  (Read 840 times)
joesmoe2012 (OP)
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December 14, 2013, 12:03:09 PM
 #1

The title says it all.

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MGGB
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December 24, 2013, 01:40:59 AM
 #2

Not an expert on trading, but I am pretty sure you would need to get someone to lend you some NMC.  Then sell that NMC at the highest price you can,  wait for the price of NMC to go down, purchase back the coins and repay your lender.  The coins gained would be considered a short.  Again not an expert, hope that helps. Smiley
jonanon
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December 24, 2013, 02:24:10 AM
 #3

By shorting I assume betting that the value of NMC will go down hence spread betting.

From what I've seen there are no sites offering this, the exchanges only let you buy or sell so I am not sure if this is possible.
joesmoe2012 (OP)
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December 24, 2013, 03:33:29 AM
 #4

Not an expert on trading, but I am pretty sure you would need to get someone to lend you some NMC.  Then sell that NMC at the highest price you can,  wait for the price of NMC to go down, purchase back the coins and repay your lender.  The coins gained would be considered a short.  Again not an expert, hope that helps. Smiley

That would be shorting the old fashion way. Only problem is that what if they intentionally make themselves unavailable during a spike...

I want to trade on a liquid market... Smiley


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MGGB
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December 24, 2013, 04:35:14 AM
 #5

[

That would be shorting the old fashion way. Only problem is that what if they intentionally make themselves unavailable during a spike...

I want to trade on a liquid market... Smiley


[/quote]

We'll then I agree with Jonanon, not possible yet.  Maybe someday Smiley
BitCoinPokerBro
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December 24, 2013, 04:17:15 PM
 #6

The title says it all.


https://bitcointalk.org/index.php?topic=381104.msg4121685#msg4121685 is the only way that I know of for shorting altcoins
bitpop
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December 26, 2013, 10:11:36 AM
 #7

Wish I could short dogecoin

joesmoe2012 (OP)
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January 03, 2014, 11:39:52 AM
 #8

Is anybody else actually able to execute orders for NMC on btc-e's MT4?

I can for all the other offered pairs, but not for NMCUSD...

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