Quote from: Chef Ramsay on June 04, 2015, 05:39:28 AM

Quote from: plasma1010 on June 03, 2015, 09:58:31 PM

Quote from: OgNasty on June 03, 2015, 03:40:31 PM

Quote from: andreibi on June 03, 2015, 08:55:04 AM

Very possible to short Bitcoin.

Just move your Bitcoins to Okcoin. It is the cheapest option as other exchanges have large markups that you have to wait $1 price moves in order to profit. While in Okcoin, you could already profit in 50 cents move.

If you're a gambler, Okcoin has 20x margin trading. Bitfinex only 3x.

Okcoin is insolvent. Don't send a single satoshi to them. They've resorted to scamming and I would avoid dealing with anyone who mentions them.

Okay thanks, Ill experiment with Bitfinex

Can anyone give me a Bitfinex reference code ?

I respect your options to short but doing it at this point is flat out financial suicide. That said, OkCoin or bitfinex allows you to go 20x-3x or more so. If you have to "short'', just hold off on buying til a certain point and then buy at your chosen point. Going leveraged is playing w/ fire and this is your warning. Many did this over the last year plus but things are coming down to a different market, so it's your choice atm. One bad play on this and you're wiped out to never recover and want nothing good for yourself.

Watching the BTC price fluctuate the past 6 - 8 months I do make money longing it against the USD, but I dont make money during the almost preditable monthly - bimonthly price drop. With the possibility to short I can make a little money during the downswings as well as the upswings.