yes, but again, I have the money to buy the BTC which I then want to turn around and sell short to someone. how do I use the BTC I have to short? its like I'm forced to borrow whenever I short. why? do I short on margin then CLAIM right away? but I still pay a lending fee, for what? 30 seconds while I click CLAIM? maybe I don't understand it well enough.
Topic: How to go short BTC on bitfinex? (Read 721 times)
How does someone short bitcoin on Bitfinex without getting rapped with the margin interest rates? I mean I have $10,000 USD. I want to short 2 BTC x1 (no leverage). Why in the hell do I have to borrow BTC to short it when I can clearly afford the entire short position? I mean I pay .2% to buy on margin and .2% to sell on margin, so I loose like half my profit if the trade is a quick one.
Anyone know?
Anyone know?
How do you image that? You haven't btc but you want to sell it. How you can do it without borrow btc? Obviously you have to borrow btc from someone and have to pay him a lending fee. 0.2% you pay for trading to exchange, daily lending fee you pay to another customer who offered you btc for lend.
How does someone short bitcoin on Bitfinex without getting rapped with the margin interest rates? I mean I have $10,000 USD. I want to short 2 BTC x1 (no leverage). Why in the hell do I have to borrow BTC to short it when I can clearly afford the entire short position? I mean I pay .2% to buy on margin and .2% to sell on margin, so I loose like half my profit if the trade is a quick one.
Anyone know?
Anyone know?
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