Topic: What does it mean to "short a coin"? (Read 449 times)
Thanks for your enlightening response. But this means you can only short on margin trading right?
When you "short a coin", you are basically borrowing that coin, selling it, and than expecting the price to go down to make a profit.
If I short LTC, if the price goes up, I lose money and if the price goes down, I get more and more profit the lower it goes.
Some exchanges (not sure which ones) let you short coins. You can make a decent/good profit if you know what you are doing, but it can be quite risky.
If I short LTC, if the price goes up, I lose money and if the price goes down, I get more and more profit the lower it goes.
Some exchanges (not sure which ones) let you short coins. You can make a decent/good profit if you know what you are doing, but it can be quite risky.
I keep on seeing this terminlogy thrown around here. Pls could anyone explain to me what it means? or better still, How to go about it? I heard you could make a decent profit though it is risky
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