Quote from: Somekindabitcoin on January 05, 2015, 09:13:44 PM

Quote from: OgNasty on January 05, 2015, 09:10:00 PM

Quote from: Btcnoobbear on January 05, 2015, 09:07:33 PM

Hi guys,

I just back from a weed grower. That guy said shorting Bitcoin can bring me a great fortune and he is doing it now. I am no IT expert, could some people teach me how to open an account and how to do the shorting thing? I am willing to learn, especially when I am high and cool.

I have a few grands and could someone calculate how much I will earn if this god damn thing goes to zero? 5 times or 20 times?

Thanks,
Martin

If you are shorting, you can only make the amount you short. It sounds like you want to do a leveraged short, which if you compound it can pay you an outrageous amount if BTC goes to 0.

If you are serious and this is something you want to do, I'd be happy to teach you all you need to know for a nice little fee. However, I will warn you there is probably a 90% chance you'll lose all your money gambling with leverage in the currency market.

Exactly. I would recommend instead that he do oil. Shorting oil right now brings in a shitload too. Soon enough, there is going to be longs.

How can I go about shorting oil..... teach me?