[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 40 KB, 742x514, Short_(finance).png [View same] [iqdb] [saucenao] [google]
7109330 No.7109330 [Reply] [Original]

Can anyone explain me how to short sell Bitcoin and other cryptos?

I am too stupid for this...

>> No.7109437

>>7109330
then you shouldn't do it

>> No.7110308

You can effectively short ETH using Ethlend.
If you lend out with your coins locked in USD on their dapp you are effectively shorting.

>> No.7110429

step 1) Find someone to lend you some coins
step 2) Sell those coins that you've borrowed
step 3) Buy coins to replace those you've sold.
step 4) Return those coins to the lender.

If you buy at a lower price than you've sold, you make a profit.

The hard part is finding someone to loan you coins.

>> No.7110455

>>7110429
what the fuck is the difference from leverage then

just use leverage

>> No.7110489

>>7109330

BitMEX
OKEX (futures trading)

>> No.7110498

>>7109330
it's called "how to lose everything". if you do this anon you are fucking stupid and nobody, nobody will cry for you when you're wojaking

>> No.7110569

If you don't know what you're doing, short selling is the only way to guarantee infinite risk. Have fun OP

>> No.7110578

>>7110455
Leverage is when the broker loans you a multiple of your Margin (cash) to make trades with in order to extract higher trading fees from you. If your cash contribution to that trade is in danger of being eaten, the broker takes over the trade and closes it to protect the amount they loaned you. This is called a Margin-Call.

The hard part is finding a broker that offers margin trading for crypto, and also allows "naked shorting" of coins.

>> No.7110650

The market has been red for a while. Anyone shorting NOW is a completely and utter retard.

Smart people started shorting earlier in the month.

>> No.7110705

Crypto isn't volatile enough.
This is why it's important to short, margin trade, and, whenever possible, use contracts to make things a little less boring somehow.

>> No.7110891 [DELETED] 

>>7109330
i just sorted the fuck out of btc on kraken and made a cool 1k in 6hrs