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if one were to think the price will continue falling
then if one had availability a facility where one could sell BTC which one does not already own, and buy BTC at a later time, and if the price continued to fall, and if the price which one bought the BTC at would be lower than the price one sold the BTC that one didn't already own at, then there could be an opportunity to profit from the fall
question, is there any broker who allows selling of BTC which one does not already own ?
this is also known as short selling
Milan.
My Spread betting broker (GKFX) includes several cryptos you can short just as you would FX/commodities/indexes etc. Spreads are pretty horrible but they have quite a few cryptos.
"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk
Spread betting on cryptos with the volatility they have.
If you want to gamble, consider which you think could be worth more in a few years in terms of tins of beans and loaves of bread, £100 or £100 worth of bitcoin at current purchase price.
Especially if the omnishambles of the UK government causes a general election and Corbyn into power. recurring to infinity.
Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.
If it drops below $3000 (c. 85% decline), I might be tempted with a small wager. I use the word wager, because I'd treat it as a pure gamble.
It could shoot to the moon again, in the next couple of years or so, and take out the previous ATH of $19,666. Or this time could be different and it languishes in the doldrums for years and years. Or it could even become worthless. Fact is, no-one knows.
One thing I learned to my cost, a few years ago, is not to listen to anyone, including so-called experts, who make market predictions.
If it drops below $3000 (c. 85% decline), I might be tempted with a small wager. I use the word wager, because I'd treat it as a pure gamble.
It could shoot to the moon again, in the next couple of years or so, and take out the previous ATH of $19,666. Or this time could be different and it languishes in the doldrums for years and years. Or it could even become worthless. Fact is, no-one knows.
One thing I learned to my cost, a few years ago, is not to listen to anyone, including so-called experts, who make market predictions.
Scoots thinks he does.
'CUK forum personality of 2011 - Winner - Yes really!!!!
and who knows if mattfx would have bought his mining rig without this thread and so on.
I had friends doing a similar thing at the same time I was doing it; they were a far bigger influence. Probably wouldn't have done it if they didn't do it also.
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