Topic: How do you short cryptocurrencies? - page 3. (Read 11574 times)
Several exchanges offer margin trading... just do some research. Sign up and trade but do it at your own risk.
If you refer to the timing, there are no formulas. You simply have to identify the time when people are paying more than they should for something.
In crypto, I think the way to do this (at this point in time) is to assume the position of both borrower and lender, and accumulate on the quiet.
The crypto needs to have good tech and you need to be assured that it won't dump to 0. It also needs to be "all quiet on the western front" at the start of the shorting process.
1. Lender - Accumulate a nice sizeable amount quietly and sit on it.
2. Borrower - Once the price reaches a level where you think a correction is about to happen (this is a BIG gamble), sell it. This is the same as the "lender" lending it to the "borrower" who then sells it in the belief that the price will drop.
3. Borrower - Once the price drops, buy back the original amount.
4. Lender (you) - You now have the same amount of crypto.
5. Borrower (you) - You now have your profit.
I'm not sure the market is mature enough to do this on an industrial scale with other people's crypto (lenders) but I might be wrong. I wouldn't know because I don't gamble on the markets (any more). I generally buy and hodl for the future.
I'm happy to be corrected here. It's just my take on it.
The crypto needs to have good tech and you need to be assured that it won't dump to 0. It also needs to be "all quiet on the western front" at the start of the shorting process.
1. Lender - Accumulate a nice sizeable amount quietly and sit on it.
2. Borrower - Once the price reaches a level where you think a correction is about to happen (this is a BIG gamble), sell it. This is the same as the "lender" lending it to the "borrower" who then sells it in the belief that the price will drop.
3. Borrower - Once the price drops, buy back the original amount.
4. Lender (you) - You now have the same amount of crypto.
5. Borrower (you) - You now have your profit.
I'm not sure the market is mature enough to do this on an industrial scale with other people's crypto (lenders) but I might be wrong. I wouldn't know because I don't gamble on the markets (any more). I generally buy and hodl for the future.
I'm happy to be corrected here. It's just my take on it.
Guys I think OP understands what shorting is... I think he is asking how/where to short cryptos.
"short" means selling , if that´s your question
I have no idea how to do this.
Any help would be appreciated.
Buy the coin when it is low and sell it when you reach 10% profit. There is a small tip: be patient. The more you patient, the more money you can earn Any help would be appreciated.
Stay away from margin trading until you know very very well what are you doing.
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.
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.
I have no idea how to do this.
Any help would be appreciated.
Any help would be appreciated.
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