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Message
Shorting bitcoin
Posted on 12/5/17 at 9:21 pm
Posted on 12/5/17 at 9:21 pm
How does one go about shorting bitcoin? Watching the Big Short now...I think I’m on to something.
16
Posted on 12/5/17 at 9:26 pm to Crescent Connection
You can use the futures contracts once they become available as one potential avenue to short them. But if you have to ask it's probably best you stay away from any type of short position
Posted on 12/5/17 at 9:29 pm to Crescent Connection
I'll leave this here
Btc market cap is a fraction of a fraction of a fraction of the housing bubble.
Btc market cap is a fraction of a fraction of a fraction of the housing bubble.
Posted on 12/5/17 at 9:45 pm to Crescent Connection
quote:
I think I’m on to something.
Posted on 12/5/17 at 9:59 pm to Crescent Connection
you're about to get wrecked, friend
Posted on 12/5/17 at 10:33 pm to Crescent Connection
Best of luck. Please confirm if/when exactly you short it so we can keep track
Posted on 12/5/17 at 10:33 pm to Crescent Connection
This might be the dumbest thing you could do. There’s *literally* no limit to the amount of money you could lose. And that may be close to a reality based on recent price movement.
Posted on 12/5/17 at 11:05 pm to LSURep864
quote:
Btc market cap is a fraction of a fraction of a fraction of the housing bubble.
Posted on 12/6/17 at 3:36 am to Crescent Connection
Don't know if it is even possible, but I will note that shorting a volatile asset is hardly ever a good idea.
The heroes of the Big Short were really lucky in their timing, they nearly lost their shirts. If the housing market had kept it up for just a few more months they probably would have lost everything.
The heroes of the Big Short were really lucky in their timing, they nearly lost their shirts. If the housing market had kept it up for just a few more months they probably would have lost everything.
Posted on 12/6/17 at 6:13 am to Crescent Connection
CME & CBOE have btc shorting options starting next week. I believe you are absolutely right and you should go for it. Short it down to zero and laugh all the way to the bank.
Disclaimer: I have large positions in CME, CMOE, GBTC, & BTC.
Disclaimer: I have large positions in CME, CMOE, GBTC, & BTC.
This post was edited on 12/6/17 at 6:14 am
Posted on 12/6/17 at 8:14 am to Crescent Connection
Seems like the safer option would be to buy puts but I’m not an option expert. If you lose on that you’ll only lose your premium.
Posted on 12/6/17 at 9:33 am to Crescent Connection
"The market can stay irrational longer than you can stay solvent."
Good luck.
Good luck.
Posted on 12/6/17 at 9:44 am to Lou Pai
No idea why you're laughing. The housing market was worth 24 trillion in 06. Bitcoin is worth around 200 billion.
Posted on 12/6/17 at 10:00 am to LSURep864
quote:
No idea why you're laughing. The housing market was worth 24 trillion in 06. Bitcoin is worth around 200 billion.
Those were assets with, while highly inflated, pretty solid value behind them.
BTC is a different animal, pretty much 95% of the ownership is people using it purely as a speculative financial instrument.
ETA: I would also not recommend shorting anything unless you have some chops. Being too early on something this volatile could bankrupt you.
This post was edited on 12/6/17 at 10:04 am
Posted on 12/6/17 at 10:23 am to barry
CME futures start trading next Monday.
Posted on 12/6/17 at 12:24 pm to jmcwhrter
quote:
you're about to get rekt, friend
FIFY.
You can short on Bitmex. Keep us updated
Posted on 12/6/17 at 12:50 pm to Crescent Connection
It humors me when people watch the Big Short and then think they magically become experts at short selling
Posted on 12/6/17 at 1:26 pm to LSURep864
Bubbles come in all shapes and sizes, so it's pretty irrelevant. If I were to argue that there is a bubble in nickel prices (which I'm not), I wouldn't look at the housing market as some kind of point of reference in terms of size.
That, and there's a real floor that is assigned to housing prices in that it's got a tangible economic value. If one were to try to make the argument that bitcoin has a legitimate economic value in its blockchain technology, fine, but that is incredibly abstract and arguably very questionable (e.g., bitcoin doesn't possess a monopoly on blockchain technology).
That, and there's a real floor that is assigned to housing prices in that it's got a tangible economic value. If one were to try to make the argument that bitcoin has a legitimate economic value in its blockchain technology, fine, but that is incredibly abstract and arguably very questionable (e.g., bitcoin doesn't possess a monopoly on blockchain technology).
Posted on 12/6/17 at 2:29 pm to Lou Pai
You have a fine argument. I won't argue also Bitcoin isn't overbought a bit. It needs a correction. A sustained one for price discovery.
I was more less stating to the op that his comparison was terrible.
I'll keep holding my Bitcoin though. I got in low enough to not care if it corrects bigly.
I was more less stating to the op that his comparison was terrible.
I'll keep holding my Bitcoin though. I got in low enough to not care if it corrects bigly.
This post was edited on 12/6/17 at 2:33 pm
Posted on 12/6/17 at 2:49 pm to LSURep864
The daily rsi is at 90. Insane
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