Re:Lessons on Bubbles from Bitcoin
by darawk on Tuesday April 10, 2018 @07:54PM
(#16806829)
Ya, this article doesn't really make sense in this particular case as an explanation for Bitcoin's behavior. Though in general I do agree that shorting is important for the health of a market, this Bitcoin bubble played out exactly like every other Bitcoin bubble, and in all those previous cases shorting was as difficult as its ever been (which, actually has never been that hard, to be frank - people always insist that shorting Bitcoin is so hard, but it's not at all and never has been).
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The only markets where you can short bitcoin are sketchy overseas exchanges with low volumes and a history of problems both depositing and withdrawing money.
No serious investor is going to be putting money in bitfinex or whatever to short bitcoin.
>The only markets where you can short bitcoin are sketchy overseas exchanges
probably because no reputable country's SEC equivalent would let that happen
>low volumes
bitfinex is one of the largest exchanges by volume
>a history of problems both depositing and withdrawing money.
if this is happening, it's not happening with any of the major exchanges that support margin trading. any time depositing/withdraw issues appear on an exchange, prices quickly deviate from the rest of the market as the supply of fiat/crypto diminishes.
You can short Bitcoin on the Chicago Mercantile Exchange: