Quote:
Originally Posted by BoredSocial
I consider it a huge warning sign when something people are telling me is a good investment can't be bet against. This suggests that they aren't willing to take the other side of the trade, which suggests that it's nowhere near as good a deal as it appears.
LOL.. what? You realize anytime someone takes a long position it's the same thing as betting against a short?
Secondly, you can bet against bitcoin. Go to Kraken and short on leverage. The biggest problem is you are at 3rd party risk and the fees are high.
Lastly, the main reason you haven't been able to bet against bitcoin much is because they haven't made those bull**** derivative markets where they make up fake bitcoin and then sell it. Why the **** does someone want to buy fake coins from a short when they could just buy real coins? Derivative markets for **** like gold and silver make sense because nobody actually wants to take delivery and hold the stuff. Holding bitcoin is easy AF and honestly I see no point for derivative markets in bitcoin.
The derivative markets are coming and I'm interested to see how it plays out. I have a feeling the physical coin market and the derivative market are going to be super out of whack.
I have a feeling some guys are going to try and manipulate the price of BTC down by selling massive amounts of paper on the market, but I just don't see how that will effect BTC exchanges.
Bottom line, say I want to take a long position on these derivative markets, but I can't take delivery of the bitcoin, WHAT THE **** ARE YOU REALLY BETTING ON???????