Author

Topic: Can you short bitcoins yet? (Read 1170 times)

Kazu

full member

Activity: 168

Merit: 100

Quote from: meangreen on April 25, 2013, 07:03:19 PM

Quote from: Kazu on April 25, 2013, 06:49:19 PM

Quote from: meangreen on April 25, 2013, 05:28:18 PM

If you cant why are there bears? They cant make any money if they cant short. I guess they like being dicks.

See my sig. Then notice everybody's lack of balls to actually do it.

i read your link, but that isnt shorting. if I bet you 10 coins and the price is $150 and it goes down to $120 and i cover you owe $300 correct?

It would depend on the bet you'd made. But for the "normal" bets, I'd owe you 10 coins (plus your initial bet, obviously).

It isn't exactly shorting, its closer to a binary option. The only way I could do shorting though is if I somehow had some way of causing a margin call, and even that would be hard considering the insane volatility currently associated with bitcoin. I suppose I could do a "Contract For Difference" with the potential for margin calls if you really wanted, though. I figured people probably wouldn't like it as much because it isn't quite as "exciting" and requires them to trust me with more money to get the same risk/reward.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: humanitee on April 25, 2013, 06:55:31 PM

they are 'shorting' it. they sold their coins, they're short bitcoins. they want to buy in lower.

In before someone corrects you for the next 3 pages.

yes, please, bitcointalk. i know how you feel about this. spare me the wrath of the semantics police Roll Eyes

meangreen

member

Activity: 70

Merit: 10

Quote from: Kazu on April 25, 2013, 06:49:19 PM

Quote from: meangreen on April 25, 2013, 05:28:18 PM

If you cant why are there bears? They cant make any money if they cant short. I guess they like being dicks.

See my sig. Then notice everybody's lack of balls to actually do it.

i read your link, but that isnt shorting. if I bet you 10 coins and the price is $150 and it goes down to $120 and i cover you owe $300 correct?

Kazu

full member

Activity: 168

Merit: 100

Quote from: deltanine on April 25, 2013, 06:54:02 PM

Quote from: meangreen on April 25, 2013, 06:38:53 PM

Quote from: arepo on April 25, 2013, 05:42:11 PM

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

did just this and profited off of this panic. i guess that means i like dicks or something? tell me more, OP.

lol. panic? what panic?

i mean the people that are saying crash crash crash are saying it because they are dicks and they arent even shorting it. how did you short it? did mt gox lend you the coins?

They are rooting for the price to go down so they can buy and then hope that the price goes up so that they can sell and make a measly $5-10 per coin.

Thats not bad at all. An extra $10 per coin allows you to increase your bitcoin position by almost 10% in the long run. Thats significant. Also its easy to make much more than $10 per coin.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: arepo on April 25, 2013, 06:53:20 PM

Quote from: meangreen on April 25, 2013, 06:38:53 PM

Quote from: arepo on April 25, 2013, 05:42:11 PM

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

did just this and profited off of this panic. i guess that means i like dicks or something? tell me more, OP.

lol. panic? what panic?

i mean the people that are saying crash crash crash are saying it because they are dicks and they arent even shorting it. how did you short it? did mt gox lend you the coins?

the panic selling that just happened...? are you new?

they are 'shorting' it. they sold their coins, they're short bitcoins. they want to buy in lower.

In before someone corrects you for the next 3 pages.

deltanine

full member

Activity: 231

Merit: 100

Quote from: meangreen on April 25, 2013, 06:38:53 PM

Quote from: arepo on April 25, 2013, 05:42:11 PM

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

did just this and profited off of this panic. i guess that means i like dicks or something? tell me more, OP.

lol. panic? what panic?

i mean the people that are saying crash crash crash are saying it because they are dicks and they arent even shorting it. how did you short it? did mt gox lend you the coins?

They aren't really dicks. They are bottom feeders just looking to make a few extra bucks. They are rooting for the price to go down so they can buy and then hope that the price goes up so that they can sell and make a measly $5-10 per coin. They really believe that the FUD they spread here is affecting the price.

I know no one is shorting at bitfinex even though there are funds available on loan to short with. So they aren't really looking to make real money.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: meangreen on April 25, 2013, 06:38:53 PM

Quote from: arepo on April 25, 2013, 05:42:11 PM

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

did just this and profited off of this panic. i guess that means i like dicks or something? tell me more, OP.

lol. panic? what panic?

i mean the people that are saying crash crash crash are saying it because they are dicks and they arent even shorting it. how did you short it? did mt gox lend you the coins?

the panic selling that just happened...? are you new?

they are 'shorting' it. they sold their coins, they're short bitcoins. they want to buy in lower.

Ichthyo

hero member

Activity: 602

Merit: 500

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

Quote from: meangreen on April 25, 2013, 06:38:53 PM

how did you short it? did mt gox lend you the coins?

to repeat what others have already posted: Currently there are two well-known ways to really short bitcoin:

bitfinex offers you Contracts-for-Differenct
you can sell futures on Icebit.se

Pls. note also that many people use the term "shorting" sloppily and actually just mean to sell BTC and wait for a lower price to buy back. Really "shorting" means to engage into some specific kind of contract, where you actively win from falling BTC prices. And this typically uses some kind of borrowed money (leverage).

Having said that, actually shorting BTC can be a dangerous game. It is difficult to lock into any gains, especially when you do it in the way of day trading. The variant using futures is a bit more manageable, but there too is the problem how to get out of your position. Thus, actually not really shorting but just selling and buying back at a lower rate could be a more viable way of making money from price moves over the timespan of some days.

Kazu

full member

Activity: 168

Merit: 100

Quote from: meangreen on April 25, 2013, 05:28:18 PM

If you cant why are there bears? They cant make any money if they cant short. I guess they like being dicks.

See my sig. Then notice everybody's lack of balls to actually do it.

dandirk

full member

Activity: 143

Merit: 100

Quote from: arepo on April 25, 2013, 05:42:11 PM

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

did just this and profited off of this panic. i guess that means i like dicks or something? tell me more, OP.

ha ha ha if dicks were money... I would honestly consider it... Don't tell me you wouldn't think long and hard about an indecent proposal... actually for a mil it wouldn't' take too much thinking.... I'm not too proud to toss salad for a mil.

meangreen

member

Activity: 70

Merit: 10

Quote from: arepo on April 25, 2013, 05:42:11 PM

Quote from: Elwar on April 25, 2013, 05:31:33 PM

You can short on margin at BitFinex.

A great way to make money if you are a bear.

did just this and profited off of this panic. i guess that means i like dicks or something? tell me more, OP.

lol. panic? what panic?

i mean the people that are saying crash crash crash are saying it because they are dicks and they arent even shorting it. how did you short it? did mt gox lend you the coins?

arepo

sr. member

Activity: 448

Merit: 250

this statement is false