BlindMayorBitcorn (OP)
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October 31, 2014, 12:36:11 AM
Last edit: May 19, 2015, 02:40:42 AM by BlindMayorBitcorn |
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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TonyT
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October 31, 2014, 12:53:15 AM |
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And why?  Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example? |
TonyT
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BlindMayorBitcorn (OP)
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October 31, 2014, 12:59:36 AM |
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And why? Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example? This would have been my follow-up question...  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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segvec
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Merit: 100
The cheddar breed jealousy
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October 31, 2014, 01:13:04 AM |
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I've shorted Bitcoin a few times.
I have developed a few patterns over the course of the past two years that have been working.
Not 100 percent but semi-decent accuracy.
When shorting, I'm talking 12-48 hours max.
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BlindMayorBitcorn (OP)
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October 31, 2014, 01:16:04 AM
Last edit: May 09, 2015, 11:04:53 AM by BlindMayorBitcorn |
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The idea just scares me. Especially so close to 'the bottom'
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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inBitweTrust
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October 31, 2014, 01:22:25 AM
Last edit: October 31, 2014, 01:39:10 AM by inBitweTrust |
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Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example?
Here are 2 exchanges you can use to short Bitcoin- https://www.bitfinex.com/https://icbit.se/I recommend all bears and Bitcoin haters to short the hell out of bitcoin while the rest of us buy. Remember, Bitcoin is going to 0  so be very aggressive with your shorts. |
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hascoin
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October 31, 2014, 01:43:00 AM |
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I've shorted Bitcoin a few times too...  |
Learnning blockchain !
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little tiger
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October 31, 2014, 04:04:19 AM |
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I've shorted Bitcoin a few times too... why want to short BTC? |
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inBitweTrust
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October 31, 2014, 04:12:41 AM |
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why want to short BTC?
Typically day traders who assume they have foresight into short term market direction. Most Bitcoin haters aren't confident enough in their convictions to short Bitcoin no matter how much I beg them. Many alt supporters who hate PoW are still heavily invested in BTC as well. They are just diversifying their portfolio with a risky investment (BTC) with an insanely risky investment(alt). |
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Mieehayii
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October 31, 2014, 04:36:09 AM |
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As long as exchange launched the short business, everyone was in short
But I never went to these exchanges
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ANTIcentralized
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October 31, 2014, 05:02:37 AM |
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I've shorted Bitcoin a few times.
I have developed a few patterns over the course of the past two years that have been working.
Not 100 percent but semi-decent accuracy.
When shorting, I'm talking 12-48 hours max.
I would say that trading altcoins is very risky as they tend to be very illiquid and can likely very easily be manipulated. I would also consider a loan bet for altcoins in general to be a short bet against bitcoin. |
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TonyT
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October 31, 2014, 08:41:44 AM |
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Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example?
Here are 2 exchanges you can use to short Bitcoin- https://www.bitfinex.com/https://icbit.se/I recommend all bears and Bitcoin haters to short the hell out of bitcoin while the rest of us buy. Remember, Bitcoin is going to 0 so be very aggressive with your shorts. Do they allow naked shorts? I bet not. Meaning you must put up collateral of some sort, and they will give a margin call if the collateral drops below a certain margin? Otherwise the exchanges are fools. |
TonyT
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BayAreaCoins
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Owner at AltQuick.com & FreeBitcoins.com
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October 31, 2014, 09:00:17 AM |
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There are some good opertunities in alts in order to hedge against BTC going down. I'm really excited about HUC franky  |
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Hiraga
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October 31, 2014, 09:15:43 AM |
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There are some good opertunities in alts in order to hedge against BTC going down. I'm really excited about HUC franky When BTC goes down most alts do not go up at all. It would be logic but it doesn't work like that. The prime example is LTC, it usually goes up and down with btc. It's better to sit in fiat and buyback lower, but I think it's time for btc to go up a lot next few months. |
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Elwar
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Viva Ut Vivas
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October 31, 2014, 09:17:16 AM |
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Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example?
Here are 2 exchanges you can use to short Bitcoin- https://www.bitfinex.com/https://icbit.se/I recommend all bears and Bitcoin haters to short the hell out of bitcoin while the rest of us buy. Remember, Bitcoin is going to 0 so be very aggressive with your shorts. Do they allow naked shorts? I bet not. Meaning you must put up collateral of some sort, and they will give a margin call if the collateral drops below a certain margin? Otherwise the exchanges are fools. You put up bitcoins as collateral. If the price falls below the margin you lose your bitcoins. Bitfinex has been around for several years. I have loaned bitcoins to people shorting, it is one of the few ways to make interest on your bitcoins with very little risk. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Dabs
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Merit: 1912
The Concierge of Crypto
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October 31, 2014, 09:36:14 AM |
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I bought some LTC some time, end of December. The value doubled overnight. I sold them all. The value of LTC is now very low, and I don't think it's going back up to it's previous levels any time soon. That would be a long term investment which I'm not willing to take right now.
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BlindMayorBitcorn (OP)
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Activity: 1260
Merit: 1115
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October 31, 2014, 09:51:03 AM |
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There are some good opertunities in alts in order to hedge against BTC going down. I'm really excited about HUC franky Dicers all like HUC  What's up with that? |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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ScryptAsic
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November 01, 2014, 08:19:13 AM |
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Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example?
Here are 2 exchanges you can use to short Bitcoin- https://www.bitfinex.com/https://icbit.se/I recommend all bears and Bitcoin haters to short the hell out of bitcoin while the rest of us buy. Remember, Bitcoin is going to 0 so be very aggressive with your shorts. Do they allow naked shorts? I bet not. Meaning you must put up collateral of some sort, and they will give a margin call if the collateral drops below a certain margin? Otherwise the exchanges are fools. You put up bitcoins as collateral. If the price falls below the margin you lose your bitcoins. Bitfinex has been around for several years. I have loaned bitcoins to people shorting, it is one of the few ways to make interest on your bitcoins with very little risk. I would say that this setup would involve you having a EV positive return, however there is still a chance of you losing money if the price moves too quickly against the parties that are borrowing your bitcoin too quickly, as you could potentially lose a good amount of the amount borrowed. |
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mbaeichapareiko
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November 01, 2014, 08:25:39 AM
Last edit: November 01, 2014, 09:55:23 AM by mbaeichapareiko |
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bitshares allows you to bet against btc by exchanging your btc for bitusd, bit gold or bityuan, other assets against btc.
you can sell bitbtc short.
Of course at this time, with the usd on a strong bull run , the best bet would be to buy bitusd and sell bitbtc short.
All this is possible on bitshares platform. the only thing is if you are short btc and the price rises, you may be forced to cover your short with bts. bts = bitshares.
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BlindMayorBitcorn (OP)
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November 01, 2014, 08:34:39 AM |
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bitshares allows you to bet against btc by exchanging your btc for bitusd, bit gold or bityuan, other assets against btc.
you can sell bitbtc short.
Of course at this time, with the usd on a strong bull run , the best bet would be to buy bitusd and sell bitbtc short.
All this is possible on bitshares platform. the only thing is if you are short btc and the price rises, you may be forced to cover your short with bts. bts = bitshares.
I considered the bitusd thing. But it felt so unBitcoin  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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