Did you make money from the falling bitcoin price yesterday

traderCJ

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Quote from: RyNinDaCleM on January 28, 2015, 08:26:27 PM

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

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Kimba_Coinarch on January 28, 2015, 07:49:34 PM

Quote from: RyNinDaCleM on January 16, 2015, 01:03:53 AM

Quote from: cryptoboy.architect on January 16, 2015, 12:41:24 AM

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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.

freedomno1

legendary

Activity: 1806

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Learning the troll avoidance button :)

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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

Kimba_Coinarch

newbie

Activity: 57

Merit: 0

Quote from: RyNinDaCleM on January 16, 2015, 01:03:53 AM

Quote from: cryptoboy.architect on January 16, 2015, 12:41:24 AM

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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

Kimba_Coinarch

newbie

Activity: 57

Merit: 0

Quote from: e1ghtSpace on January 15, 2015, 06:59:57 PM

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.

ronald98

sr. member

Activity: 314

Merit: 250

Quote from: AnswerQuestion on January 17, 2015, 02:36:53 PM

Quote from: cryptoboy.architect on January 16, 2015, 12:41:24 AM

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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/

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: sandykho47 on January 16, 2015, 10:53:24 PM

No, i make more BTC yesterday

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

good strategy. I have tried to do the same.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: johnyj on January 16, 2015, 10:17:16 PM

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.

AnswerQuestion

full member

Activity: 141

Merit: 100

777Coin.com★ Fun BTC Casino!

Quote from: cryptoboy.architect on January 16, 2015, 12:41:24 AM

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

everyone jump the ship!

Q7

sr. member

Activity: 448

Merit: 250

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

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

No, i make more BTC yesterday

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

johnyj

legendary

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Merit: 1012

Beyond Imagination

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

biggus dickus

sr. member

Activity: 310

Merit: 250

I tried to make money from the falling bitcoin price but ended out quits. The poll should have an option for that.

Foxpup

legendary

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: mayax on January 15, 2015, 10:25:14 PM

tell that to the hordes who sustain something else

I tried telling them that, but they wouldn't listen. No matter. I don't mind getting rich at their expense.

mladen00

legendary

Activity: 2124

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K-ing®

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

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: RyNinDaCleM on January 16, 2015, 01:03:53 AM

Quote from: cryptoboy.architect on January 16, 2015, 12:41:24 AM

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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

you should always have a price point for a stop loss.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: cryptoboy.architect on January 16, 2015, 12:41:24 AM

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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.

cryptoboy.architect

hero member

Activity: 513

Merit: 500

Quote from: Devilish on January 15, 2015, 08:45:32 PM

Quote from: Kimba_Coinarch on January 15, 2015, 06:58:18 PM

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.

Mieehayii

hero member

Activity: 490

Merit: 500

I didn‘t do anything, but I'm a bit more BTC Roll Eyes

Topic: Did you make money from the falling bitcoin price yesterday (Read 2508 times)