If they cover their position all the above is nonsense.
I don't work for them. I don't know how they make money ...
Topic: Is Plus500 the only platform that allows traders to short bitcoins? (Read 1236 times)
I don't work for them. I don't know how they make money ...
May 15, 2013, 10:11:21 PM
plus500 is not dealing with bitcoins. They just allow to trade and speculate about the mtgox price. So, it does not impact the price, since it does create any order on the market.
But what happens if the market price is falling and most of its customers are shorting bitcoins?The broker will obviously lose a lot of money ...
Probably ban some high profitable accounts, invoking their TOS. Also close the possibility of trading during high volatibility market.
I don't know exactly which mechanisms they are using, if they hedge the positions or not, I think that it is somehow balanced between bull/bear, and they can support some downsprings.
If they cover their position all the above is nonsense.
May 14, 2013, 03:44:53 AM
plus500 is not dealing with bitcoins. They just allow to trade and speculate about the mtgox price. So, it does not impact the price, since it does create any order on the market.
But what happens if the market price is falling and most of its customers are shorting bitcoins?The broker will obviously lose a lot of money ...
Probably ban some high profitable accounts, invoking their TOS. Also close the possibility of trading during high volatibility market.
I don't know exactly which mechanisms they are using, if they hedge the positions or not, I think that it is somehow balanced between bull/bear, and they can support some downsprings.
May 13, 2013, 11:02:44 PM
plus500 is not dealing with bitcoins. They just allow to trade and speculate about the mtgox price. So, it does not impact the price, since it does create any order on the market.
But what happens if the market price is falling and most of its customers are shorting bitcoins? 
May 13, 2013, 06:57:53 AM
Which means traders could sell bitcoins when they actually don't have them.
I think the short mechanism is a factor that prevents the price of bitcoin to fall drastically.. Should have more platforms introduced..
I think the short mechanism is a factor that prevents the price of bitcoin to fall drastically.. Should have more platforms introduced..
No, but it's probably the only one you're personally shilling.
May 13, 2013, 04:44:59 AM
plus500 is not dealing with bitcoins. They just allow to trade and speculate about the mtgox price. So, it does not impact the price, since it does create any order on the market.
ripple is not a scam.
What does it have to do with my message? Huh.
May 13, 2013, 04:13:35 AM
plus500 is not dealing with bitcoins. They just allow to trade and speculate about the mtgox price. So, it does not impact the price, since it does create any order on the market.
ripple is not a scam.
May 13, 2013, 03:24:01 AM
plus500 is not dealing with bitcoins. They just allow to trade and speculate about the mtgox price. So, it does not impact the price, since it does create any order on the market.
May 13, 2013, 02:54:21 AM
www.icbit.se too
May 12, 2013, 10:22:38 PM
Bitfinex is at least one other option. Maybe try searching.
May 12, 2013, 06:31:07 PM
Which means traders could sell bitcoins when they actually don't have them.
I think the short mechanism is a factor that prevents the price of bitcoin to fall drastically.. Should have more platforms introduced..
I think the short mechanism is a factor that prevents the price of bitcoin to fall drastically.. Should have more platforms introduced..
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