Could someone help teaching me how to short

criptix

legendary

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Quote from: byronbb on January 06, 2015, 11:03:48 PM

How much does the price have to move before you make money going short or long with leverage? 4%?

Depends on fees & leverage. But with 10x leverage and standard fees you will probaly be at 20-30% profit
( with 4% change)
Good luck and dont get wiped out coz if its going down its gonna go down real quick

pitham1

legendary

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Quote from: Btcnoobbear on January 05, 2015, 04:07:33 PM

That guy said shorting Bitcoin can bring me a great fortune and he is doing it now.

Shorting Bitcoin can also result in you losing the money that you currently have. Look at Bitcoin's price trend over the last 6 months and think can it go lower? If you blindly short, you might lose quite a bit.

byronbb

legendary

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HODL OR DIE

How much does the price have to move before you make money going short or long with leverage? 4%?

freebit13

hero member

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I got Satoshi's avatar!

You do all realize this is a joke right?

j753k

full member

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YOU KNOW ITS TIME TO BUY WHEN PEOPLE WHO CANT SPEAK ELEMENTARY LEVEL ENGLISH ARE ASKING HOW TO SHORT!

Dafar

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dafar consulting

Quote from: Somekindabitcoin on January 05, 2015, 04:13:44 PM

Quote from: ?? on ??

Quote from: Btcnoobbear on January 05, 2015, 04:07:33 PM

Hi guys,

I just back from a weed grower. That guy said shorting Bitcoin can bring me a great fortune and he is doing it now. I am no IT expert, could some people teach me how to open an account and how to do the shorting thing? I am willing to learn, especially when I am high and cool.

I have a few grands and could someone calculate how much I will earn if this god damn thing goes to zero? 5 times or 20 times?

Thanks,
Martin

If you are shorting, you can only make the amount you short. It sounds like you want to do a leveraged short, which if you compound it can pay you an outrageous amount if BTC goes to 0.

If you are serious and this is something you want to do, I'd be happy to teach you all you need to know for a nice little fee. However, I will warn you there is probably a 90% chance you'll lose all your money gambling with leverage in the currency market.

Exactly. I would recommend instead that he do oil. Shorting oil right now brings in a shitload too. Soon enough, there is going to be longs.

How can I go about shorting oil..... teach me?

Triffin

sr. member

Activity: 952

Merit: 251

Could someone help teaching me how to short ..

====

You could use a 'binary options' broker ..
You can 'bet' that BTC will be higher or lower than
a given price ( strike price ) for a given period of time ( duration )
Your 'risk' is limited to the cost of the option ..
And you are assuming counterparty risk with the broker you use ..
( They may not give your BTC back if you 'win' )

Caveot Emptor ..

Triff ..

spiller

member

Activity: 71

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Quote from: Btcnoobbear on January 05, 2015, 04:07:33 PM

Hi guys,

I just back from a weed grower. That guy said shorting Bitcoin can bring me a great fortune and he is doing it now. I am no IT expert, could some people teach me how to open an account and how to do the shorting thing? I am willing to learn, especially when I am high and cool.

I have a few grands and could someone calculate how much I will earn if this god damn thing goes to zero? 5 times or 20 times?

Thanks,
Martin

Showing up here and asking this you are basically asking to get hurt. If you trade in this storm as a beginner, you will likely loose most of your Bitcoin. The smart thing to do now is to buy more and hold half, invest the rest into other projects that will multiply your BTC. Maybe the only way you will make %50 a year from now.

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

you want to short now? too late
you want to learn about margin trading? go here for a start

arbitrage001

legendary

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Quote from: av123 on January 06, 2015, 01:16:32 AM

LOL. This has to be a parody account starting this thread. If not, a good sign that the bottom will be in before long.

Cost of production is way below current market for a while now. If ASIC development cycle is any guide, 9-12 months is the period needed to get rid of excess capacity unless manufacturers think they can out-smart the market by keeping up production level.

av123

member

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LOL. This has to be a parody account starting this thread. If not, a good sign that the bottom will be in before long.

altcoin hitler

member

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priceless thread lmao

smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

how to short:

1. borrow something

2. sell it

goal: try to buy it back at a lower price to return to the lender.

congratz you are now short.

ivyleague1985

newbie

Activity: 56

Merit: 0

Quote from: Btcnoobbear on January 05, 2015, 04:07:33 PM

Hi guys,

I just back from a weed grower. That guy said shorting Bitcoin can bring me a great fortune and he is doing it now. I am no IT expert, could some people teach me how to open an account and how to do the shorting thing? I am willing to learn, especially when I am high and cool.

I have a few grands and could someone calculate how much I will earn if this god damn thing goes to zero? 5 times or 20 times?

Thanks,
Martin

Lol, drug dealers are also shorting the market with illegal money. The bear army is magnificent.

Somekindabitcoin

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Quote from: Btcnoobbear on January 05, 2015, 04:07:33 PM

Hi guys,

I just back from a weed grower. That guy said shorting Bitcoin can bring me a great fortune and he is doing it now. I am no IT expert, could some people teach me how to open an account and how to do the shorting thing? I am willing to learn, especially when I am high and cool.

I have a few grands and could someone calculate how much I will earn if this god damn thing goes to zero? 5 times or 20 times?

Thanks,
Martin

If you are shorting, you can only make the amount you short. It sounds like you want to do a leveraged short, which if you compound it can pay you an outrageous amount if BTC goes to 0.

If you are serious and this is something you want to do, I'd be happy to teach you all you need to know for a nice little fee. However, I will warn you there is probably a 90% chance you'll lose all your money gambling with leverage in the currency market.

Exactly. I would recommend instead that he do oil. Shorting oil right now brings in a shitload too. Soon enough, there is going to be longs.

coinableS

legendary

Activity: 1442

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NotLambchop will be your guide.

Somekindabitcoin

hero member

Activity: 518

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I would watch out who you talk to here. I could probably teach you a bit of stuff. Lots of members who will email you telling you that they can do it for you, but they'll just take your money.

Btcnoobbear

newbie

Activity: 1

Merit: 0

Hi guys,

I just back from a weed grower. That guy said shorting Bitcoin can bring me a great fortune and he is doing it now. I am no IT expert, could some people teach me how to open an account and how to do the shorting thing? I am willing to learn, especially when I am high and cool.

I have a few grands and could someone calculate how much I will earn if this god damn thing goes to zero? 5 times or 20 times?

Thanks,
Martin

Topic: Could someone help teaching me how to short (Read 1427 times)