Re: How to bet against (short) the Crypto Market?

Let's say that I believe the whole Cryptocurrency Marketcap is going to drop from ~450bn to max 200bn in the end of the year.
How can I actually bet against the Crypto market?

I know there might be Future contracts on some coins, but the I'd like to bet against the whole market! Any hints?

Crypto Market Short Coin is (to our knowledge) the only product that allows investing against the overall Crypto Market.

Check it out: http://www.cryptomarketshortcoin.com

I don't know about any reliable way to short the whole cryptocurrency market. However, Crypto Market Short Coin has drawn my attention. Could you elaborate about how the price of token is derived? I understand that you can always buy CMSC at a market maker price, but still price will depend on supply and demand on secondary market. Therefore price of the token might fall even if the whole crypto market goes down the red numbers.

Actually the secondary market is an important aspect of the idea. Nowadays during consolidation phases all the money being pulled out of the Crypto market will be put into FIAT or USDTether (happening right now, while pretty much all coins are in red numbers). Crypto Market Short Coin aims to establish an alternative to that. The CMSC SmartContract automatically burns a percentage of CMSC supply equivalent to the marketcap drop of the Crypto market, shortening the supply. If at the same time only 0.1% of the money being taken out of other coins during consolidation goes into CMSC and strengthen the demand ... well, you can do the math!