I have no idea how to do this.
Any help would be appreciated.
Any help would be appreciated.
How? Carefully.
Topic: How do you short cryptocurrencies? - page 2. (Read 11574 times)
How? Carefully.
I am not expert trader so I short when I feel like coin won't recover, I don't if I trust coin with my heart, its not rational i know but markets aren't rational at all, all moves are somewhat emotional.
Aren't the losses proportional to the amount shorted? Why can they be bigger than normal trading?
Binance offers margin trading.
As other users said, you have to study very carefull this kind of trading, since the loss can be very big.
I recomend you to look for how to build long/short portfolios, going long on some asset and short on other ones, hedging out market risk.
As other users said, you have to study very carefull this kind of trading, since the loss can be very big.
I recomend you to look for how to build long/short portfolios, going long on some asset and short on other ones, hedging out market risk.
I wouldn't advise you to stay away from margin trading. Just don't invest a large sum in the beginning.
After you gain experience do whatever you want, but be careful.
After you gain experience do whatever you want, but be careful.
So, No one really answered the OP question. What sites allow Margin/short trading(means bet against the market)
You can do it on Kraken and a few other exchanges, but watch the lending rates very carefully as they can eat up your profits quickly. Also, it's only enabled for higher volume coins--so if you wanted to short, say ICN, you wouldn't be able to do it.
LeverJ (ICO now or soon or something, I forget) is working on a decentralized market that allows leveraged trading, but it'll be a while before they or any of the other projects developing similar are live.
LeverJ (ICO now or soon or something, I forget) is working on a decentralized market that allows leveraged trading, but it'll be a while before they or any of the other projects developing similar are live.
Stay away from margin trading until you know very very well what are you doing.
Forget that. The only way to learn is to get rekt several times over followed by the most epic win of you life then another flurry of wreckage. After that you'll be ready to margin trade properly
If you mean selling in the short term and earning money out of that, then you should check out new promising tokens on exchanges
I have no idea how to do this.
Any help would be appreciated.
Any help would be appreciated.
You can short cryptocurrencies on exchanges that allow trading with leverage. A good example is Bitmex exchange.
This basically allows you to make money when cryptocurrencies drop in value. You cant short all the coins but only specific coins and not all exchanges have this option.
After our Token Sale, we will develop Financial Spread Betting, Contract For Difference and Binary Options, which enable you to short crypto currencies on our platform.
In the meantime, you can take Bear bets against cryptos on StockBet.com, but it's currently with free "chips".
In the meantime, you can take Bear bets against cryptos on StockBet.com, but it's currently with free "chips".
Poloniex allows shorting but only for a few coins: bitshares, clams, doge, dash, ltc, maid, str, xmr, xrp, eth and fct.
You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..
You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..
Can you short just any coin on other exchanges ?
I have no idea how to do this.
Any help would be appreciated.
short? what do you mean by short? Can you rephrase that? If you meant sort, I think coinmarketcap is a good place to look .Any help would be appreciated.
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Poloniex allows shorting but only for a few coins: bitshares, clams, doge, dash, ltc, maid, str, xmr, xrp, eth and fct.
You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..
You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..
I think you can do that on Poloniex. But not every crypto can be shorted.
This is the only useful answer. I didn't know Bitfinex allowed shorting. Good to know. I think Poloniex allows margin sells as well.
It does indeed. I just found this option now after you mentioned it. Felt pretty dumb for taking this long to notice it.
This is the only useful answer. I didn't know Bitfinex allowed shorting. Good to know. I think Poloniex allows margin sells as well.
It does indeed. I just found this option now after you mentioned it. Felt pretty dumb for taking this long to notice it.
I have no idea how to do this.
Any help would be appreciated.
Any help would be appreciated.
You have to join a platform that allows margin trading and deposit some bitcoin or whatever coin you want to short into your account as collateral. You can then short or long a position.
Some platforms like bitfinex offer leverage at 1:3. Others like SimpleFX go all the way to 1:500.
Keep in mind that margin trading can generate much larger losses then traditional trading. Although there are margin call limits in place in most cases, it does not mean that you cant lose more money than you actually have in your account.
This is the only useful answer. I didn't know Bitfinex allowed shorting. Good to know. I think Poloniex allows margin sells as well.
Thanks for the responses. 
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