So... what's you offer now?
This was days ago. 'XRP' already dumped
Topic: Looking to short Ripple (Read 1830 times)
This was days ago. 'XRP' already dumped
So... what's you offer now?
I suspect you want to short XRP, not "Ripple"...
What can you offer as collateral?
Why would anyone give you XRP (or anything else) with only 5% collateral in the first place (which is what 20x leverage means)? This means you'd likely have to find someone with a lot of XRP or at least with a lot of buying power who trades for you.
What's the time frame of your position and how will you handle margin calls (e.g. extend your position)?
Last but not least: How much interest do you offer for that position?
Of course it is possible to come to an OTC agreement with someone to short/long whatever you want, you'd need to make a concrete offer though, that likely has to contain answers to the questions above. Also it would likely help to sign the offer with a BTC address of yours that actually contains some coins, depending on the size of your position, nobody will bother to go through all that hassle for a lousy 10 USD profit.
What can you offer as collateral?
Why would anyone give you XRP (or anything else) with only 5% collateral in the first place (which is what 20x leverage means)? This means you'd likely have to find someone with a lot of XRP or at least with a lot of buying power who trades for you.
What's the time frame of your position and how will you handle margin calls (e.g. extend your position)?
Last but not least: How much interest do you offer for that position?
Of course it is possible to come to an OTC agreement with someone to short/long whatever you want, you'd need to make a concrete offer though, that likely has to contain answers to the questions above. Also it would likely help to sign the offer with a BTC address of yours that actually contains some coins, depending on the size of your position, nobody will bother to go through all that hassle for a lousy 10 USD profit.
I honestly didn't expect such a thoughtful response. So...thanks for that
This alone should tell you that Central Exchange do this on daily basis they take the coins which are on them and manipulate the price to get profit out of the coin. While giving the same coins back to the holder with no respond they would ever have done this.
The first part was correct (though a bit redundant, I would guess OP already knows what shorting is and how it works, if he requests insane leverages like 1:20), this part is just... confused. Also I don't really get how something that (manually!) tracks NXT prices should enable OP to short XRP.
Why not wait until it's natively supported? They just released the smart contracts API Codius which can be used for such a thing.
You'd even have a chance of turning a profit by then.
I'd even offer to be a counterparty, but I'll want USD as collateral.
You'd even have a chance of turning a profit by then.
I'd even offer to be a counterparty, but I'll want USD as collateral.
I suspect you want to short XRP, not "Ripple"...
What can you offer as collateral?
Why would anyone give you XRP (or anything else) with only 5% collateral in the first place (which is what 20x leverage means)? This means you'd likely have to find someone with a lot of XRP or at least with a lot of buying power who trades for you.
What's the time frame of your position and how will you handle margin calls (e.g. extend your position)?
Last but not least: How much interest do you offer for that position?
Of course it is possible to come to an OTC agreement with someone to short/long whatever you want, you'd need to make a concrete offer though, that likely has to contain answers to the questions above. Also it would likely help to sign the offer with a BTC address of yours that actually contains some coins, depending on the size of your position, nobody will bother to go through all that hassle for a lousy 10 USD profit.
What can you offer as collateral?
Why would anyone give you XRP (or anything else) with only 5% collateral in the first place (which is what 20x leverage means)? This means you'd likely have to find someone with a lot of XRP or at least with a lot of buying power who trades for you.
What's the time frame of your position and how will you handle margin calls (e.g. extend your position)?
Last but not least: How much interest do you offer for that position?
Of course it is possible to come to an OTC agreement with someone to short/long whatever you want, you'd need to make a concrete offer though, that likely has to contain answers to the questions above. Also it would likely help to sign the offer with a BTC address of yours that actually contains some coins, depending on the size of your position, nobody will bother to go through all that hassle for a lousy 10 USD profit.
You can short BTC on ripple...kind of ironic
Yup - so many alt/shit/whatever coins we would love to short, but can't.
No, you can't.
20x leverage is nothing, 50x/100x/200x would coming soon.
Looking to open a really godless monster of a short position, 20x leveraged. Can we do that yet? I would really like to short Ripple right now. I cannot stress this enough
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