Bitcoin Forum
June 14, 2024, 06:39:15 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is there any decentralized way to short crypto?  (Read 115 times)
markcolls (OP)
Member
**
Offline Offline

Activity: 60
Merit: 21


View Profile
April 28, 2022, 11:52:07 AM
 #1

I would like to short crypto, but I don't want to do it via a centralised exchange. What atomic swaps did for exchanging cryptos, I am looking for a similar mechanism/service for shorting crypto. Does such a thing exist?
Upgrade00
Legendary
*
Offline Offline

Activity: 2072
Merit: 2196


Playgram - The Telegram Casino


View Profile WWW
April 28, 2022, 12:43:31 PM
 #2

So basically, you're looking for a platform where you can sell cryptocurrency and buy back later.

I've not used atomic swap, but there are a number of decentralized exchanges you can use to sell and buy back later, depending on the exact currency you want to sell and what you want to exchange it for, fist or some other cryptocurrency?

▄▄███████▄▄███████
▄███████████████▄▄▄▄▄
▄████████████████████▀░
▄█████████████████████▄░
▄█████████▀▀████████████▄
██████████████▀▀█████████
████████████████████████
██████████████▄▄█████████
▀█████████▄▄████████████▀
▀█████████████████████▀░
▀████████████████████▄░
▀███████████████▀▀▀▀▀
▀▀███████▀▀███████

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
 
Playgram.io
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄▄▄░░
▀▄







▄▀
▀▀▀░░
▄▄▄███████▄▄▄
▄▄███████████████▄▄
▄███████████████████▄
▄██████████████▀▀█████▄
▄██████████▀▀█████▐████▄
██████▀▀████▄▄▀▀█████████
████▄▄███▄██▀█████▐██████
█████████▀██████████████
▀███████▌▐██████▐██████▀
▀███████▄▄███▄████████▀
▀███████████████████▀
▀▀███████████████▀▀
▀▀▀███████▀▀▀
██████▄▄███████▄▄████████
███▄███████████████▄░░▀█▀
███████████░█████████░░
░█████▀██▄▄░▄▄██▀█████░
█████▄░▄███▄███▄░▄█████
███████████████████████
███████████████████████
██░▄▄▄░██░▄▄▄░██░▄▄▄░██
██░░░░██░░░░██░░░░████
██░░░░██░░░░██░░░░████
██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████
███████████████████████
███████████████████████
 
PLAY NOW

on Telegram
mk4
Legendary
*
Offline Offline

Activity: 2800
Merit: 3847


Paldo.io 🤖


View Profile
April 28, 2022, 12:57:57 PM
 #3

I wouldn't say decentralized because calling something "decentralized" is a slippery slope that would end up with us here arguing for days and days, but there are a lot of non-custodial platforms out there for this. One of the most used "DEX" (based on trading volume) right now is dYdX[1]. DYOR.


[1] https://dydx.exchange/


█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 2856
Merit: 3071


https://bit.ly/387FXHi lightning theory


View Profile
April 28, 2022, 01:00:46 PM
 #4

I noticed the waves exchange have listed btc up and btc down tokens, I'm not sure if these follow the same rules of binance or how they're backed but they might be something to look at (I'm also not sure how decentralised the waves exchange is).

(binance made those tokens to offer a  leverage of 1.25-4x without a liquidation).

There's so many sign up bonuses on current futures exchanges that I don't think a dex would be able to compete very well and maintain a good volume.
hosseinimr93
Legendary
*
Online Online

Activity: 2436
Merit: 5382



View Profile
April 28, 2022, 01:20:06 PM
 #5

I noticed the waves exchange have listed btc up and btc down tokens,
I just visited the exchange you mentioned to see how those tokens work. It seems that no one is interested in those tokens and there is no liquidity.
The 24 hours trading volume for both BTCUP and BTCDOWN is zero.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
cryptoaddictchie
Legendary
*
Offline Offline

Activity: 2114
Merit: 1322


View Profile
April 28, 2022, 03:39:17 PM
 #6

I would like to short crypto, but I don't want to do it via a centralised exchange. What atomic swaps did for exchanging cryptos, I am looking for a similar mechanism/service for shorting crypto. Does such a thing exist?
By means of shorting is like selling with leverage right?  But since you mentioned atomic swap, then simply sell your crypto, but you wouldnt jave any multiplier with that since no swaps leverage on atomic swap but if you used mk4 suggestion, it literally works like centralized but in a decentralized platform.
tranthidung
Legendary
*
Offline Offline

Activity: 2310
Merit: 4060


Farewell o_e_l_e_o


View Profile WWW
April 29, 2022, 02:33:53 AM
 #7

So basically, you're looking for a platform where you can sell cryptocurrency and buy back later.
You should know there are differences of Buy & Sell; Long & Short; Bid & Ask.
.
Sell now and buy back later, it is Buy and Sell. Short relates to Long and leverages so it relates to Short squeeze that is terrible. Crypto market does not operate only because of supply and demand but is affected seriously by Long squeeze and short squeeze.

So if OP want to short a cryptocurrency, please zoom in and out to have narrow and wide view, and think of short squeeze risk.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!