Post
Topic
Board Speculation
Re: Short now = make lots of money?
by
NUFCrichard
on 03/02/2015, 18:10:50 UTC
Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
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When you short with leverage and the market is moving on you, you will lose all your capital. If you shorted on January 24th, you would have lost 38$ per BTC x your leverage in 3 days.
Just don't leverage with Bitcoin, it is too volatile, it is just waiting to bankrupt people if they over-leverage.  Currencies are perfect for leverage normally, CHF aside!