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    [Daily Discussion] Sunday, July 12, 2020 Bitcoin Markets

    July 12, 2020

    [Daily Discussion] Sunday, July 12, 2020 Bitcoin Markets

    [Daily Discussion] Sunday, July 12, 2020

    Posted: 11 Jul 2020 09:05 PM PDT

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    [Altcoin Discussion] Sunday, July 12, 2020

    Posted: 11 Jul 2020 09:05 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

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    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
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    How can I short bitcoin?

    Posted: 12 Jul 2020 03:32 AM PDT

    I am a Forex and Futures trader and I would like to get involved with trading bitcoin on the weekend when those markets are closed. It seems to me there isn't a good way to trade bitcoin. Coinbase seems to be the most reliable in that you are trading with actual fiat currency, but you can't short sell which is a huge problem for my strategy. You see, I don't actually believe in all of the hype of this market like 90% of other traders. Instead, I have a concrete trading strategy that makes me over 200% every month that scales well with the more capital that I have. Not being able to use more than 3 x leverage is a huge let down, as it means I have to put in more capital. Forex allows me to trade 50x leverage. That means I can actually day trade starting with only a few thousand. Also with forex you can trade both sides of the market. Coinbase you can only go long and thats it.

    I know about bitmex but its not regulated and you basically lose all of your money if they catch you from a restricted country. Not to mention, I don't like the idea of trading bitcoin..... with Bitcoin.
    What a great idea that was. Even Bybit has a USDT pair but there is such low liquidity I would never be able to get my orders filled. It seems all these exchanges are for small timers who just want to gamble their rent money.

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