The Bit Short: Inside Crypto’s Doomsday Machine

Re:The Bit Short: Inside Crypto’s Doomsday Machine by soneca on Friday January 15, 2021 @06:31AM (#25789628)

> ” you can hold a bitcoin future going short for the next year less than a coffee per / $1k”

Genuinely curious about how could I do that. I am not that much into cryptocurrencies, so I appreciate if you have the time and will to be specific in the operationals. I do have a (currently empty) account at Kraken, if that helps.

How can I short BTC?

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Re:The Bit Short: Inside Crypto’s Doomsday Machine by wcoenen on Friday January 15, 2021 @05:47PM (#25797561)

Kraken has margin trading, which allows you to hold negative positions in BTC. However, this means you are borrowing the BTC that you're selling, and the interest on that is rather high (0.01% per 4 hours). You also need to keep EUR or USD as collateral in the account to cover potential losses when the price goes up.

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Re:The Bit Short: Inside Crypto’s Doomsday Machine by phyalow on Friday January 15, 2021 @04:02PM (#25796431)

Buy put options on deribit, or short USDT-BTC on FTX

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Re:The Bit Short: Inside Crypto’s Doomsday Machine by musiciangames on Saturday January 16, 2021 @07:40AM (#25801860)

Put options on deribit appear to settle in BTC, no? To short the ecosystem requires something that settles in USD

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