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Question: Did you make money from the falling bitcoin price yesterday
Yes - 26 (55.3%)
No - 21 (44.7%)
Total Voters: 47

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Author Topic: Did you make money from the falling bitcoin price yesterday  (Read 2507 times)
cryptoboy.architect
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January 16, 2015, 05:41:24 AM
 #21

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.
RyNinDaCleM
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January 16, 2015, 06:03:53 AM
 #22

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.


3.3:1 on BFX. Shorting makes money fast, but it can also backfire. I advise anyone in this thread asking "How does that work?" to do some research before playing around with leveraged margin trading. You can make profits 3x as fast but you can also lose 3x as fast. Learn it before you try.

criptix
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January 16, 2015, 06:15:48 AM
 #23

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.


3.3:1 on BFX. Shorting makes money fast, but it can also backfire. I advise anyone in this thread asking "How does that work?" to do some research before playing around with leveraged margin trading. You can make profits 3x as fast but you can also lose 3x as fast. Learn it before you try.

this is a really important one if you wanna trade with leverage Smiley
you should always have a price point for a stop loss.

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mladen00
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January 16, 2015, 06:48:14 AM
 #24

No, I wait Bitcoin price goes up..........

IOTA
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January 16, 2015, 07:10:35 AM
 #25

tell that to the hordes who sustain something else Smiley
I tried telling them that, but they wouldn't listen. No matter. I don't mind getting rich at their expense.

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biggus dickus
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January 16, 2015, 12:15:53 PM
 #26

I tried to make money from the falling bitcoin price but ended out quits. The poll should have an option for that.
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January 17, 2015, 03:17:16 AM
 #27

Bitcoin is also money, when price dropped you make more bitcoin, when its up you make more dollar

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January 17, 2015, 03:53:24 AM
 #28

No, i make more BTC yesterday

my strategy : sell at $220 & buy at $190 Smiley

Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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January 17, 2015, 05:50:17 AM
 #29

Considering that I bought btc when it was 280 and bought again at 200, the same amount, I would need the price to go up to 240 to make even. Hope it won't be a long wait.  Undecided

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January 17, 2015, 09:45:24 AM
 #30

everyone jump the ship!

Fuck Mt.Gox! Fuck Mintpal! Fuck Bter! FUCK kyc! Protect yourself use MGW! SUPERNET!
Recommended ASSET ->InstantDex : Lead Dev Jl777 (decentralized multi currency instant exchange)
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AnswerQuestion
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January 17, 2015, 07:36:53 PM
 #31

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.

bitfinex only allows leverage up to 3.3x, at least this is the case for USD/BTC. (I would think they would allow less leverage for other trading pairs).

The use of leverage can be very profitable if you are correct about the direction the price is going however you are at risk because the price could temporarily move against you which would cause you to get a margin call

Mirsad
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January 17, 2015, 07:39:26 PM
 #32

Bitcoin is also money, when price dropped you make more bitcoin, when its up you make more dollar


Only if you trade, otherwise you have the same amount of BTC worth more or less in FIAT.

< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
mlferro
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January 17, 2015, 10:03:08 PM
 #33

No, i make more BTC yesterday

my strategy : sell at $220 & buy at $190 Smiley

good strategy. I have tried to do the same.

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January 17, 2015, 10:12:40 PM
 #34

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.

bitfinex only allows leverage up to 3.3x, at least this is the case for USD/BTC. (I would think they would allow less leverage for other trading pairs).

The use of leverage can be very profitable if you are correct about the direction the price is going however you are at risk because the price could temporarily move against you which would cause you to get a margin call

This one claims to offer 10x leverage on bitcoin, but I can't vouch for it and someone here described 10x leverage as financial suicide.

https://btc.sx/
Kimba_Coinarch (OP)
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January 29, 2015, 12:44:44 AM
 #35

Can someone please explain to me how this works? I want to know.

Hi, you can make money when the bitcoin price rises or falls using leverage products.

If you think the bitcoin price is going to fall, you would go short with leverage. Here is an example https://www.coinarch.com/en/Info/BoosterShortPosition.

However, if the bitcoin price rises and rises past the strike you will lose your original investment. The same works for if you think the bitcoin price will rise, you would go long, see example here https://www.coinarch.com/en/Info/BoosterLongPosition

If you are keen on trading - register on Coinarch using Kimba as the invite code and I will give you free brokerage for 7 days.

Let me know if you need any support.
Kimba_Coinarch (OP)
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January 29, 2015, 12:49:34 AM
 #36

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.


3.3:1 on BFX. Shorting makes money fast, but it can also backfire. I advise anyone in this thread asking "How does that work?" to do some research before playing around with leveraged margin trading. You can make profits 3x as fast but you can also lose 3x as fast. Learn it before you try.


Coinarch offer up to 8x leverage on short and long positions. The difference with our platform is you will only lose as much as you invest. For new traders, if you think the bitcoin price will go increase and you invest US$10 in a long booster with 8x leverage, you are ultimately investing $80. If the bitcoin price was to increase by 50% you would make $40. However if the bitcoin price falls below the strike you would only lose US$10, not US$80. Hopefully this makes sense.




Therefore you wont lose 8x leverage

See long example here https://www.coinarch.com/en/Info/BoosterLongPosition

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January 29, 2015, 01:13:41 AM
 #37

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?

Well for the people who remember Fxopen the metatrader does currency pairs so you can easily short
Can also try Bit-x

Believing in Bitcoins and it's ability to change the world
RyNinDaCleM
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January 29, 2015, 01:26:27 AM
 #38

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?

btc-e has MetaTrader allowing 3x leverage + shorting. Heck you can even run bots on it.

bitfinex also supposedly allows leveraging up to 10x.


3.3:1 on BFX. Shorting makes money fast, but it can also backfire. I advise anyone in this thread asking "How does that work?" to do some research before playing around with leveraged margin trading. You can make profits 3x as fast but you can also lose 3x as fast. Learn it before you try.


Coinarch offer up to 8x leverage on short and long positions. The difference with our platform is you will only lose as much as you invest. For new traders, if you think the bitcoin price will go increase and you invest US$10 in a long booster with 8x leverage, you are ultimately investing $80. If the bitcoin price was to increase by 50% you would make $40. However if the bitcoin price falls below the strike you would only lose US$10, not US$80. Hopefully this makes sense.




Therefore you wont lose 8x leverage

See long example here https://www.coinarch.com/en/Info/BoosterLongPosition



Who covers the other $70? What is the "strike price"  to only lose $10 and coinarch not taking unnecessary risk of losses? Your link doesn't tell what margin requirements are and how you calculate liquidations. It only shows the ideal example to show how "easy" it is. Show me the same type of example where the market moves against your 8x position.

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January 29, 2015, 02:04:24 AM
 #39

Who covers the other $70? What is the "strike price"  to only lose $10 and coinarch not taking unnecessary risk of losses? Your link doesn't tell what margin requirements are and how you calculate liquidations. It only shows the ideal example to show how "easy" it is. Show me the same type of example where the market moves against your 8x position.

Based on what he described about his exchange, I believe it is the lenders who take it in the shorts.  No pun intended  Wink
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