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I would like to take advantage of the volatility of bitcoin to earn money on short positions. Can you recommend a broker which provides this option?
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I would like to take advantage of the volatility of bitcoin to earn money on short positions. Can you recommend a broker which provides this option?
Hi there,
You can find basic information about Swiss forex brokers which offer bitcoin trading in the moneyland.ch bitcoin forex broker comparison.
Best regards from Moneyguru
You can now trade bitcoin futures on the CBOE and the CME, which is a good option for going short on bitcoin. Of course, you could also short bitcoin directly by getting a bitcoin loan from bitbond, bitloans, xcoins or one of the other bitcoin lenders out there, then sell the bitcoins and hope the bubble bursts. When it does, you buy bitcoins cheap and return them to the bitcoin lender. Of course if you want to hold your position for more than a month or so then you will have to think about interest and the loan repayment schedule.
Best. Ant.
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