How do you short cryptocurrencies? | Bitcointalksearch.org

shadowduck

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Quote from: FontSeli on February 01, 2019, 10:05:42 AM

For me, short cryptocurrencies are those coins that I trade every day. This does not mean that I get every day to sell the entire amount of coins and buy off the next day.
This means that I trade them every day and do not store them for a long time.

Well, one way or another, you hold them to increase the amount of Bitcoin or Ethereum in your portfolio.

Ini35

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

I have no idea how to do this.

Any help would be appreciated.

Most times, i do not buy coins when they are just listed. You would need to wait and see what the market dictates, buy both buyers and sellers. Although, that does not mean you should wait for too long. A coin after a week might reduce by -10x, most especially with the present situation of the market.
There are exceptions sometimes. Which mean you would need to study the project and follow their updates.

papagravel

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These are the coins that you trade for a short time on the exchanges. Which makes no sense to keep for a long time, because they can still bring you a good profit.

FontSeli

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For me, short cryptocurrencies are those coins that I trade every day. This does not mean that I get every day to sell the entire amount of coins and buy off the next day.
This means that I trade them every day and do not store them for a long time.

HardFireMiner

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You can short at any given moment your coin using any exchange that has your coin listed. Selling your coins for $ or for tether you are shorting it at leverage 1:1. For every cent the coin gets cheaper after your short, you get a cent profit, if you decide to long it.

I hope that's clear enough for you.

Mianae

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Every actively traded coin does at least 5% gain each day and retrace as well. What I do I study some coins their trade cycle follow it up ride the swings and be fast to cut lose should it start falling price wise. Most times I average down my buy when I want to hold for a little while longer.

publicjud

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Nethertheless today we have a few exchanges with margin trading which allow shorts and provide leverage (like bitmex or bitfinex), but I don't use them. I convert crypto to stablecoins or fiat when I expect the falling. First - I'm not a professional trader... and the second - I don't like to be owed anything to some third party.

Yatsan

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Quote from: loreRex on May 24, 2017, 02:59:55 PM

Stay away from margin trading until you know very very well what are you doing.

Does short means margin trading ? if that is the case then you are probably on a problem as marginal trading are risky. Buying on margins will generate you more loan than you got as it has interest, so you are going to pay 1.5 or double than your initial investment. Shorting cryptocurrencies? where to borrow funds so you can buy extended amounts? Is this even legit?

trudovik

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Everything is very simple. It depends entirely on what is meant today. If you understand that there is a decline in the cryptocurrency industry in the market as a whole, then of course there is a real sense in starting the process of short on the exchange. But here we need a massive character.

suprex333

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Quote from: rachman mahesa on February 01, 2019, 03:57:48 AM

Quote from: oemar bakrie on February 01, 2019, 03:30:20 AM

For me crypto is like a spinning wheel when it is at the top it is sometimes also under ...
So from that know crypto don't just know at the time above but when the price starts to be under our own should try to return it to be above again..

That's how friend crypto nets are, In crypto actually anything can happen. With watuk 1 second everything can change dramatically in crypto. With that, I like crypto. Because crypto is truly extraordinary and unique.

Crypto is unique, the ups and downs are out of control, let alone trading, many heart surprises and gymnastics occur, but many like it. If you have good management and instincts of one second is a very valuable thing, it will be used well.

rachman mahesa

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Quote from: oemar bakrie on February 01, 2019, 03:30:20 AM

For me crypto is like a spinning wheel when it is at the top it is sometimes also under ...
So from that know crypto don't just know at the time above but when the price starts to be under our own should try to return it to be above again..

That's how friend crypto nets are, In crypto actually anything can happen. With watuk 1 second everything can change dramatically in crypto. With that, I like crypto. Because crypto is truly extraordinary and unique.

oemar bakrie

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For me crypto is like a spinning wheel when it is at the top it is sometimes also under ...
So from that know crypto don't just know at the time above but when the price starts to be under our own should try to return it to be above again..

Svelto

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The only way to short crypto currencies is by margin trading. However, margin trading come with higher risk. Your trade will get closed when the rate go to certain level against you.

gowobonyok

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if you want to start and don't have a lot of money to buy and invest, then start from the bounty campaign and airdrop campaign.

raven7886

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

I have no idea how to do this.

Any help would be appreciated.

Everyone already talked about how you can open an account on bitmex and deposit money there and on margin trading select the short option and hope that bitcoin goes low. But nobody talks about how shorting crypto currencies is the root of all this bear market we are in.

Everybody felt like putting money into bitcoin was a hassle and to keep trying to get that 20 thousand dollar into 30 thousand dollars was a tough task whereas shorting bitcoin is much more easier because it requires no capital to just "sell" bitcoin since it would also give you money while at it instead of requiring money like buying and trying to keep it up. Hence, all whales focused on shorting which caused all of this bear market to begin with. Look at the bitmex historical data, they started on the short options around the same time of the bear market starting.

RasenShuriken

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Source here: https://hackernoon.com/shorting-crypto-6165b4c49321

Quote

How to Short Sell
In Theory
Here’s how short selling works. Let’s say the price of Bitcoin is $10,000 per BTC. You believe the BTC market is going to crash any day now. You borrow 1 BTC from your friend and sell it immediately, thus owing your friend 1 BTC. One week later the BTC market crashes, to $10 per BTC. So you buy 1 BTC for $10 and pay back the debt to your friend, thus you just profited the difference: $9,990. You just “sold it short”.

In Practice
Most likely you would struggle to find a friend that would allow you to borrow a Bitcoin, and be paid in exactly the same amount of Bitcoin. Here are some examples of short selling, ordered in increasing level of investment strategy complexity.

Betting
Whether it is through a smart contract, an escrow, or with a friend, you could bet someone that the price of a cryptocurrency will crash. This is probably the simplest way of short selling a cryptocurrency.

Prediction Markets
Prediction markets are very similar to gambling or betting, in that you predict what the price of a cryptocurrency will be, and if you are correct within a certain margin you will receive money for it.

goolesby

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If you mean to sort, so far I only use the coinmarketcap as the guidance of the market price and coin analysis. However, I think that we can also see the progress of the crypto on each exchange, seeing whether they have bigger volume and higher cycle n the market.

LUGHUL

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Maybe you mean taking short-term profits in cryptocurrency? If yes, then you just need to wait for good news to come to cryptocurrency, and when the news arrives you must immediately buy crypto and sell it when prices start to rise.

_ATOmix_

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Quote from: criptogeek on January 15, 2018, 09:03:27 AM

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.

Binance offers margin trading? On other pairs than BTC/USD? I don't think so.

joann15

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Short on margin trading? It is really risky the result is 0% or 100% only. Try to study it first, do some search before doing it.

sunX3

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

I have no idea how to do this.

Any help would be appreciated.

How? Carefully. Grin

neinnein125

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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.

steplaza

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Aren't the losses proportional to the amount shorted? Why can they be bigger than normal trading?

criptogeek

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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.

Trimzi

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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.

Bitcoinpower100

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So, No one really answered the OP question. What sites allow Margin/short trading(means bet against the market)

NoiseBoy

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Sound. Fury. Signifying.

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.

BossBee

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Quote from: loreRex on May 24, 2017, 02:59:55 PM

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

bongiu

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If you mean selling in the short term and earning money out of that, then you should check out new promising tokens on exchanges

CoinCodex

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

I have no idea how to do this.

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.

StockBet.com

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Make A Bet on WORKING SOFTWARE

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".

_ATOmix_

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Quote from: alyssa85 on May 30, 2017, 08:19:50 AM

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..

Can you short just any coin on other exchanges ?

Omega Weapon

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Quote from: jacee on May 24, 2017, 02:02:07 PM

Quote from: gambit1 on May 24, 2017, 01:58:38 PM

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 .

Shorting a coin is basically betting against the coin, when you buy bitcoin then you are expecting for the price to go up and that is the way you make profit, but when you short a coin you are expecting for the price to go down instead of up that way you can make money when the price goes to the opposite direction and for those with great skill is a way to make some good money.

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alyssa85

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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..

jane418

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I think you can do that on Poloniex. But not every crypto can be shorted.

StinkyLover

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This industry is pure fiction

Quote from: cryptonikus on May 24, 2017, 05:20:58 PM

Quote from: dalovar on May 24, 2017, 05:03:51 PM

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.

Just be careful. Don't lose your shirt.

cryptonikus

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Quote from: dalovar on May 24, 2017, 05:03:51 PM

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.

dalovar

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Quote from: Dr Charles on May 24, 2017, 02:02:07 PM

Quote from: gambit1 on May 24, 2017, 01:58:38 PM

I have no idea how to do this.

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.

gambit1

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Thanks for the responses.

Dr Charles

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Several exchanges offer margin trading... just do some research. Sign up and trade but do it at your own risk.

sherlock_h

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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.

StinkyLover

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This industry is pure fiction

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.

Dr Charles

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Guys I think OP understands what shorting is... I think he is asking how/where to short cryptos.

Gunntha

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"short" means selling , if that´s your question

douglock

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

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

loreRex

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Stay away from margin trading until you know very very well what are you doing.

Dr Charles

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

I have no idea how to do this.

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.

jacee

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Quote from: gambit1 on May 24, 2017, 01:58:38 PM

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 .

gambit1

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I have no idea how to do this.

Any help would be appreciated.

Topic: How do you short cryptocurrencies? (Read 11614 times)