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  • Originally posted by Lordosis View Post
    How does one short Bitcoin?
    kraken is probably the place to do this

    let us know if you follow through

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    • Originally posted by jacoavlu View Post

      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.

      Comment


      • Originally posted by Lordosis View Post

        I am absolutely not going to short bitcoin. Just curious.
        There's options & futures contracts available. Pick your poison.

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        • Originally posted by Lordosis View Post

          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.

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          • 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.

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            • Originally posted by Lordosis View Post
              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

              Comment


              • Originally posted by Lordosis View Post
                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.

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                • Originally posted by jacoavlu View Post

                  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.

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                  • Originally posted by jacoavlu View Post

                    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.

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                    • Originally posted by Lordosis View Post

                      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?

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                      • Originally posted by Lordosis View Post

                        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?

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                        • Originally posted by Lordosis View Post

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

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                          • Originally posted by xraygoggles View Post

                            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.

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                            • Originally posted by jacoavlu View Post

                              define “the moon”
                              Big ball of rock orbiting the earth.

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                              • Originally posted by EntrepreneurMD View Post

                                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.

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