A way for everyday people to short BTC

wunkbone

sr. member

Activity: 420

Merit: 250

Quote from: Chef Ramsay on January 21, 2015, 01:43:56 AM

DO NOT short bitcoin right now, the market is in a turning point and you will get ass fucked if you do, flat out. Don't play with fire at this point, it isn't the start of a downtrend aka the start of 2014, nor the midpoint. You are gonna be preyed upon in the near future and your finances will be a bust as the bull market yields everyone else prosperity from here on in to a point. It's up to you of course, error on the side of caution and stay out or hold if you're in.

You are probably right (especially considering the fact that we have rebounded strongly off of recent lows).

Quote from: OgNasty on January 20, 2015, 01:07:49 PM

http://bitfinex.com <-- Just don't get mad at me when you lose all your money.

This probably is the best site to use leverage on. IMO they are generally trusted and do not engage in any kind of shady activity. The only reason why you would lose money is because you make a bad bet on the direction that bitcoin will go in the future.

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

Quote from: jeromanomic on January 20, 2015, 12:00:40 PM

Given that 2015 has seen the price of BTC get a hammering, maybe it would be worth looking at options to hedge with shot positions

what do you think?

would you use something like this?

http://www.finance-guy.net/finblog/can-i-short-sell-bitcoin

2015 wont be bad like 2014, best start giving people sites to buy some coins, if we go much lower its over.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: ?? on ??

and of course, the decoupling of bitcoin2.0

https://bter.com/trade/bts_btc
bitcoin is getting disintermediated by its little brother 2.0 (it's his turn to shine)

Bitshares is going nowhere fast.

General_A

member

Activity: 70

Merit: 10

I am starting to change my mind, first time since Oct 2013. I think BTC is going up. OP you have made me change my mind. TY

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Leverages are too risky, you can be on debt as far as I know because you owe money to the broker, at least thats how it works with forex CFDs and whatnot. If you are inexperienced just hold.

psybits

legendary

Activity: 1386

Merit: 1000

Quote from: grendel25 on January 20, 2015, 11:42:25 PM

Great idea, six months ago. A lot more risky today though. The price could shoot back up and then the shorts get burned.

This could happen today, tomorrow or in 6 months but it will happen this year sometime.

Q7

sr. member

Activity: 448

Merit: 250

Welcome to leverage trading. With that volatility, let's see how many guys get burned when they short btc. Instead of ratio at 1:17, I hope they can make something better like 1:50 or even 1:100.

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

DO NOT short bitcoin right now, the market is in a turning point and you will get ass fucked if you do, flat out. Don't play with fire at this point, it isn't the start of a downtrend aka the start of 2014, nor the midpoint. You are gonna be preyed upon in the near future and your finances will be a bust as the bull market yields everyone else prosperity from here on in to a point. It's up to you of course, error on the side of caution and stay out or hold if you're in.

ticoti

hero member

Activity: 854

Merit: 1000

The fact that an non-trader person starts to short is crazy

That's an almost 99% lose, and it should not be recommended at all

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

shorting bitcoin is blasphemy.

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: jeromanomic on January 21, 2015, 12:22:43 AM

Quote from: grendel25 on January 20, 2015, 11:42:25 PM

Great idea, six months ago. A lot more risky today though. The price could shoot back up and then the shorts get burned.

But six months ago, we were all saying 'this is the bottom, it's going to shoot back over $1,000 any day now'. It seems that as the price keeps falling, we are never far from the bottom...

I think it's time to have a go on the sell side... even if it's just one coin, I want to see how it pans out...

why would anyone sell now ? unless your hungry or something drastic is going on just hodl for a year or two and you will benefit far more

jeromanomic

newbie

Activity: 28

Merit: 0

Quote from: grendel25 on January 20, 2015, 11:42:25 PM

Great idea, six months ago. A lot more risky today though. The price could shoot back up and then the shorts get burned.

But six months ago, we were all saying 'this is the bottom, it's going to shoot back over $1,000 any day now'. It seems that as the price keeps falling, we are never far from the bottom...

I think it's time to have a go on the sell side... even if it's just one coin, I want to see how it pans out...

grendel25

legendary

Activity: 2296

Merit: 1031

Bitcoinjesus, I lack the energy and aggressiveness to actively trade bitcoin like a stock. I'm glad you're all over it though and I wish I had the energy to join you. Alas... I am too sloth like. I need to rest now.

grendel25

legendary

Activity: 2296

Merit: 1031

Great idea, six months ago. A lot more risky today though. The price could shoot back up and then the shorts get burned.

jeromanomic

newbie

Activity: 28

Merit: 0

Quote from: promojo on January 20, 2015, 02:40:24 PM

I professionally don't recommend trading in these conditions right now... You will lose your money. Very few will make $ or BTC. Please take my advice. I think we are still going to proceed in a downward trend too even with this coinbase news.

I thought this CFD allowed us to profit from further declines in the price. I tried it with the demo account and turned a small profit after recouping the initial buy/sell margin...

Is it too unpredictable at present?

promojo

sr. member

Activity: 420

Merit: 250

I professionally don't recommend trading in these conditions right now... You will lose your money. Very few will make $ or BTC. Please take my advice. I think we are still going to proceed in a downward trend too even with this coinbase news.

OgNasty

donator

Activity: 4760

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Leading Crypto Sports Betting & Casino Platform

http://bitfinex.com <-- Just don't get mad at me when you lose all your money.

jeromanomic

newbie

Activity: 28

Merit: 0

Given that 2015 has seen the price of BTC get a hammering, maybe it would be worth looking at options to hedge with shot positions

what do you think?

would you use something like this?

http://www.finance-guy.net/finblog/can-i-short-sell-bitcoin

Topic: A way for everyday people to short BTC (Read 1302 times)