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Monday, 18 August 2014 00:00

The Easiest, Fastest Way To Short Bitcoin Featured

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Bitcoin's price has been dropping steadily over the past week, and has been on a downward trend for most of the month.   

BTC 30 days till 8-17-14      

Since there is no shortage of naysayers predicting the doom of bitcoin, nor is there a shortage of traders who prize the volatility of this asset, the ability to short should be quite sought after.  Even after years of development, the opportunity to short is still not straightforward. In a nutshell, you have to open an account at a cryptocurrency exchange, and if you're a US citizen, you have to do it at a firm that would have you. 

With the advent of the Mt. Gox debacle, you should also be aware of custody and risk management issues as well. To open account and fund it takes a minimum of 2 to 3 days, and to get funds out is a minimum of 24 hours, up to weeks. A more straight forward method is through Veritaseum's UltraCoin peer to peer trading system. Download what we consider to be the most powerful bitcoin wallet in existence here, and you can fund it immediately with bitcoin and start trading as soon as the transfer confirms (within minutes). No account openings, no waiting, just trading. 

Once set up, you can do a straight sell BTC buy (your asset of choice, ex. the USD) or lever up and sell and receive a forex pair. See below...

2x levered BTC short through Veritaseums UltraCoin clientBTC short in USD through Veritaseums UltraCoin client UltraCoin allows you to short bitcoin faster and cheaper than any other system. Simply observe the fees. These trades were performed this morning. Below are three trades as they were filled...

BTC short in USD trades filled through Veritaseums UltraCoin client

And these are the results of the trades as they were completed (P&L).BTC short in USD trades completed through Veritaseums UltraCoin client Download your copy of the UltraCoin Bitcoin Value Trading Wallet along with a quick start guide here. There are a plethora of trading examples in the guide, from a simple long/short Apple stock trade to extravagant energy hedging and speculation and everything in between. UltraCoin is capable of trading the value of over 75,000 global tickers in every major and many minor asset classes and markets.

Last week, we reviewed a methodology on speculating on the pop of a perceived oil price bubble, reference If You Believe The Oil Bull Market Is Over, This Is How To Monetize It Through Ultra-Coin.com.

Read 4274 times Last modified on Monday, 18 August 2014 11:49

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