RE: Black Friday - Altcoins Off!

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Black Friday - Altcoins Off!

in bitcoin •  7 years ago 

i don't know if they manipulate... but you can gain profit on there manipulation.. .. it the same pattern weeks..if you can't beat them used them

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7 years ago by

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      ·  7 years ago 

    how?

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        ·  7 years ago (edited)

      The same way you'd earn money shorting a stock. If you "know" the value of something is going to drop - you short it.

      Here's a hypothetical:

      1. You borrow 5 ETH from your exchange.
      2. You IMMEDIATELY sell that for $8. (So you currently have $8 in your pocket. Keep in mind you need to return 5 ETH to your exchange. )
      3. You wait for the price of that ETH to drop, you purchase it back - at the lower price, of $4.
      4. You return that 5 ETH to your exchange, and in the process have made $4.

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          ·  7 years ago 

        That sounds real confusing for the average person. Glad that someone can make that work, nice! BTC/LTC/ETH have adjust price the last three weekends straight.

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            ·  7 years ago 

          Start @ 2 minutes and 26 seconds. This is the most simple example I've come across.

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