Post
Topic
Board Securities
Re: Is BTC Shorting possible ?
by
Chef Ramsay
on 04/06/2015, 05:39:28 UTC
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.