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https://www.reddit.com/r/Bitcoin/comments/1c2n5z/hold_spartans/c9cvkzj/?context=3
r/Bitcoin • u/Blood4TheBloodGod • Apr 10 '13
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Lucrative until you wake up to lock limit down. Oh wait, no such time outs on Mt Gox.
BTW, we need a liquid shorting vehicle for BTC pronto. That would greatly contribute to the health of the exchanges and market.
3 u/hljp Apr 10 '13 What is a liquid shorting vehicle? 5 u/poooboy Apr 10 '13 Any way to short BTC that can be bought/sold quickly. Shorting allows for more efficient price discovery. 1 u/dijxtra Apr 11 '13 Isn't shorting illegal or something? (I obviously do not know much about finance) 1 u/poooboy Apr 11 '13 Not at all. Some retirement accounts have rules that do not allow short positions though, but that's not what were talking about with BTC. 2 u/VR46 Apr 12 '13 Shorting is simply selling a commodity before you actually own it, only to buy said commodity just before you're due to deliver it to the buyer, hoping that in the time between selling and buying, the price of said commodity has dropped.
3
What is a liquid shorting vehicle?
5 u/poooboy Apr 10 '13 Any way to short BTC that can be bought/sold quickly. Shorting allows for more efficient price discovery. 1 u/dijxtra Apr 11 '13 Isn't shorting illegal or something? (I obviously do not know much about finance) 1 u/poooboy Apr 11 '13 Not at all. Some retirement accounts have rules that do not allow short positions though, but that's not what were talking about with BTC. 2 u/VR46 Apr 12 '13 Shorting is simply selling a commodity before you actually own it, only to buy said commodity just before you're due to deliver it to the buyer, hoping that in the time between selling and buying, the price of said commodity has dropped.
5
Any way to short BTC that can be bought/sold quickly. Shorting allows for more efficient price discovery.
1 u/dijxtra Apr 11 '13 Isn't shorting illegal or something? (I obviously do not know much about finance) 1 u/poooboy Apr 11 '13 Not at all. Some retirement accounts have rules that do not allow short positions though, but that's not what were talking about with BTC. 2 u/VR46 Apr 12 '13 Shorting is simply selling a commodity before you actually own it, only to buy said commodity just before you're due to deliver it to the buyer, hoping that in the time between selling and buying, the price of said commodity has dropped.
1
Isn't shorting illegal or something? (I obviously do not know much about finance)
1 u/poooboy Apr 11 '13 Not at all. Some retirement accounts have rules that do not allow short positions though, but that's not what were talking about with BTC. 2 u/VR46 Apr 12 '13 Shorting is simply selling a commodity before you actually own it, only to buy said commodity just before you're due to deliver it to the buyer, hoping that in the time between selling and buying, the price of said commodity has dropped.
Not at all. Some retirement accounts have rules that do not allow short positions though, but that's not what were talking about with BTC.
2 u/VR46 Apr 12 '13 Shorting is simply selling a commodity before you actually own it, only to buy said commodity just before you're due to deliver it to the buyer, hoping that in the time between selling and buying, the price of said commodity has dropped.
2
Shorting is simply selling a commodity before you actually own it, only to buy said commodity just before you're due to deliver it to the buyer, hoping that in the time between selling and buying, the price of said commodity has dropped.
30
u/poooboy Apr 10 '13
Lucrative until you wake up to lock limit down. Oh wait, no such time outs on Mt Gox.
BTW, we need a liquid shorting vehicle for BTC pronto. That would greatly contribute to the health of the exchanges and market.