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Panic selling driving the prices down.
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Topic: Panic selling driving the prices down. (Read 794 times)
holosupplies
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Panic selling driving the prices down.
October 19, 2011, 06:51:19 PM
#1
I wish there was a way to short bitcoins, could be making a killing here. I am glad that I waited to buy. Sale me those bitcoins for cheap
Aureum_Coffee
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Re: Panic selling driving the prices down.
October 19, 2011, 07:07:03 PM
#2
If you hold fiat cash, you are essentially shorting bitcoin.
Now if you borrow bitcoin, trade for fiat cash (like USD), and then pay back the same amount of bitcoin later, that would be shorting as well.
RodeoX
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The revolution will be monetized!
Re: Panic selling driving the prices down.
October 19, 2011, 07:25:08 PM
#3
There are ways to short bitcoin, even naked shorting. It's not for the faint of heart but if look around here you can find a few sites where it is practiced.
The gospel according to Satoshi -
https://bitcoin.org/bitcoin.pdf
Free bitcoin in
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- Stay tuned for this years Bitcoin hunt!
dustintrammell
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Cleverly disguised as a responsible adult.
Re: Panic selling driving the prices down.
October 19, 2011, 07:46:48 PM
#4
Quote from: holosupplies on October 19, 2011, 06:51:19 PM
I wish there was a way to short bitcoins, could be making a killing here. I am glad that I waited to buy. Sale me those bitcoins for cheap
https://campbx.com/
and
https://www.bitcoinica.com/
both allow short-selling.
Dustin D. Trammell
Twitter: @druidian
PGP: E0DC F55C 9386 1691 A67F FB18 F6D9 5E52 FDA6 6E16
Aureum_Coffee
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Re: Panic selling driving the prices down.
October 19, 2011, 07:53:40 PM
#5
Quote from: RodeoX on October 19, 2011, 07:25:08 PM
There are ways to short bitcoin, even naked shorting. It's not for the faint of heart but if look around here you can find a few sites where it is practiced.
How is naked shorting possible?
To short something, you need to be able to locate and borrow shares or units of the item to short.
RodeoX
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The revolution will be monetized!
Re: Panic selling driving the prices down.
October 19, 2011, 07:58:31 PM
#6
Quote from: Aureum_Coffee on October 19, 2011, 07:53:40 PM
Quote from: RodeoX on October 19, 2011, 07:25:08 PM
There are ways to short bitcoin, even naked shorting. It's not for the faint of heart but if look around here you can find a few sites where it is practiced.
How is naked shorting possible?
To short something, you need to be able to locate and borrow shares or units of the item to short.
In naked shorting you have not borrowed or located the money you need. It sounds crazy, but you are essentially betting with money you don't have.
The gospel according to Satoshi -
https://bitcoin.org/bitcoin.pdf
Free bitcoin in
?
- Stay tuned for this years Bitcoin hunt!
holosupplies
(OP)
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Re: Panic selling driving the prices down.
October 19, 2011, 08:53:53 PM
#7
Quote from: dustintrammell on October 19, 2011, 07:46:48 PM
Quote from: holosupplies on October 19, 2011, 06:51:19 PM
I wish there was a way to short bitcoins, could be making a killing here. I am glad that I waited to buy. Sale me those bitcoins for cheap
https://campbx.com/
and
https://www.bitcoinica.com/
both allow short-selling.
Sweet the campbx looks pretty good. I didn't know this existed.
Thanks.
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