Topic: How can you short sell Bitcoins? (Read 1809 times)
next best bet is to do the good old sell high, buy low. it's mostly gambling though when you are talking about a deflationary currency. I'm no expert, but my advise it to only bet against the price going up after you've cashed out some BTC at whatever rate you planned well in advance.
IF it goes to 0...you double your money shorting. If it goes up big time...you a big time f'd in your anus.
.... and with such a volatile market lacking in any possible market analysis, this will blow up in your face quite easily.
You need to find someone willing to lend you X bitcoins for Y months for a small fee (Z).
You sell the X BTC now and after Y months you but it back from the open market and give the guy back his X BTC + Z. You hope that you will be able to buy the X BTC back for something close to 0.
You sell the X BTC now and after Y months you but it back from the open market and give the guy back his X BTC + Z. You hope that you will be able to buy the X BTC back for something close to 0.
i want to make some money by shorting this sucker to 0.
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