Bitcoin is still early

[jacoavlu]

How does one short Bitcoin?

kraken is probably the place to do this

let us know if you follow through

[Lordosis]

kraken is probably the place to do this

let us know if you follow through

I am absolutely not going to short bitcoin. Just curious.

[xraygoggles]

I am absolutely not going to short bitcoin. Just curious.

There's options & futures contracts available. Pick your poison.

[NapoleanDynamite]

I am absolutely not going to short bitcoin. Just curious.

Good choice.

I had a friend message me on November 3rd....he was a friend who knows that I am bullish bitcoin. He looked at it hard and noticed it was near it's all time high (it was at about 18K). His words were, "seems like a bad time to buy....can I short it?" Thankfully, he listened to me and didn't short it. Obviously it would have been disastrous for him. Instead he bought a little. He is happy and has since bought more.

Granted, I don't short anything...but shorting Bitcoin tends to not be a good idea. You might time it right, but it is far more likely you will end up completely wrecked.

[Lordosis]

If I had a gun to my head and had to buy vs short I would short. Luckily I do not have to touch it with a 39 1/2 foot pole.

[jacoavlu]

If I had a gun to my head and had to buy vs short I would short. Luckily I do not have to touch it with a 39 1/2 foot pole.

if you say this you also have to say a number at which you would buy, to exit your short position

[EntrepreneurMD]

If I had a gun to my head and had to buy vs short I would short. Luckily I do not have to touch it with a 39 1/2 foot pole.

You would short an investment while demand for the investment is accelerating?

Eventually all bull runs end, but they don't die of old age. Some consequential news is needed to shift demand away from the investment. Then there may be good reason to short. Seasoned investors do this, it has nothing to do with timing which is more like what you're suggesting. Kinda like going short on airlines and cruise lines at the start of the pandemic because there was good reason. Then you have to exit the short position when data suggests a turn-around, not because it dropped to any certain level. At which time going long may be a good idea due to the data. We're seeing some of that now with recent data on flights, cruise bookings.

As Bitcoin matures, volatility will likely diminish as more long term believers provide a floor of baseline demand. Bitcoin can still go under if they leave, but they won't leave without reason.

[CordMcNally]

if you say this you also have to say a number at which you would buy, to exit your short position

$420.69. Or at least I think that's a number Musk would like.

[Lordosis]

if you say this you also have to say a number at which you would buy, to exit your short position

I have more confidence that it will go to zero then to the moon.

[xraygoggles]

I have more confidence that it will go to zero then to the moon.

You could very well be right, but the question is will it go to zero soon or in 20 years?

[EntrepreneurMD]

I have more confidence that it will go to zero then to the moon.

Uhh, it's already gone to the moon. How many years would it take SP to match Bitcoins return YTD?

[jacoavlu]

I have more confidence that it will go to zero then to the moon.

define “the moon”

[Lordosis]

You could very well be right, but the question is will it go to zero soon or in 20 years?

I have a long investment horizon.

[Lordosis]

define “the moon”

Big ball of rock orbiting the earth.

[chucki]

Uhh, it's already gone to the moon. How many years would it take SP to match Bitcoins return YTD?

Then the next stop is Mars. I think it gets there before Elon.