Topic: Shorting Bitcoin now possible (Read 1062 times)
100x leverage, just what I needed!
Also there are technical issues with shorting BTC. If you are truly "short" then you must have borrowed the BTC from someone to sell it, otherwise what this is offering is simply a synthetic bet on some exchanges reference price of BTC. As the poster above mentioned there are serious trust requirements for this type of project.
Even if it works as planned, the big issue is trust. Once they have your BTC, will they give them back to you? Offshore Forex firms are known to rip off customers because there's nothing they can do about it. Same risk applies here.
Jump to: