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16332085 No.16332085 [Reply] [Original]

What’s the best way to short Bitcoin?

>> No.16332092

>>16332085
go on bitmex with a VPN go 100x short, do IT NOW faggot!!!!

>> No.16332348

>>16332092
does it require 2fa verification to do so? Can I just have an account and crypto to short it? I will 100% do it if that is all that is required on bitmex.

Binance requires a 2fa which I could not do, otherwise I'd go all in on a BTC short. This shit is going 5-6k easy

>> No.16332392

>>16332348
dont you have a smartphone you fuking pajeet?

>> No.16332405
File: 21 KB, 263x200, DumbestPost.png [View same] [iqdb] [saucenao] [google]
16332405

>>16332348
>Binance requires a 2fa which I could not do,
Are you an actual tard?

>> No.16332407

>>16332348
moron 2fa and kyc is totally different. 2fa provides you security and anonymous kyc is where you give out personal info and makes you vulnerable.

>> No.16332457

>>16332405
They can backtrace my account with 2fa

>>16332407
It wasn't kyc it was 2fa, they wanted either that google authenticator or an sms code, both of which can be traced, not thanks.

Does bitmex require 2fa or not like binance does? On Binance it said to short I needed a margin trading account which requires 2fa

>> No.16332479

>>16332457
>They can backtrace my account with 2fa

jesus christ anon you should not be allowed to leave the house without a hard hat

>> No.16332483

>>16332479
you laugh, but it's a fact

>> No.16332508

>>16332457
You do know that you don't have to use google, you fucking absolute retard.
FUCK you mutts are DUMB!!!!!!!!!!!!!!!

WHEN FLAGS???

>> No.16332518

>>16332483
1. Unless you're using a VPN (why would you) they know your who your ISP is and your approximate location anyway
2. Don't you have to do ID verification?
3. If you're using time based 2FA like google auth it's literally just a code that generates a 6 digit code based on the system time, it has no way to "backtrace" you.
4. If you're this retarded you're trading 25 dollars worth of crypto at a time and not worth "backtracing"

>> No.16332615

>>16332508
>don't have to use google for google authenticator
ok I'll bite, what is an alternative source of verification when they REQUIRE google authenticator?

>>16332518
1. assumptions 2. no 3. ok fair enough, but I don't take chances, I'll look into it 4. assumptions

>> No.16332617

>>16332405
Use Bybit

>> No.16332687

>>16332615
>ok I'll bite
YOU DON'T NEED TO USE GOOGLE AUTHENTICATOR!!!!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=UBvq_mrKRl8
THAT TOOK 30 FUCKIN SECONDS TO LOOK UP. PLEASE KYS ALONG WITH THE REST THE OF THE MUTTS.

>> No.16332704

>>16332617
pls explain to a brainlet whos never margin traded or whatever. set up an account, assuming you send btc to bybit, long/short (obviously short right now), then i either get liquidated or make money? i have only bought and sold never did any longs n shorts. pls no bully

>> No.16332744

>>16332085
How do I short on binance? I've tried a few times with smaller orders but it doesn't tell you shit so I don't know where to set my stop limit order.

>> No.16332831

>>16332687
>bitmex
I said Binance fool, I was asking if Bitmex did the same. Why are you so mad lol?

>> No.16332841

>>16332085
>>16332348
>these are the kinds of people deciding to short bitcoin now

KEK
Never seen a surer sign of a bottom. The dumb money is here.

>> No.16332944

>>16332841
enjoy not making money

>> No.16332998

>>16332831
>fool
SHUT THE FUCK UP TARD

Binance offers SMS-based 2FA and app-based 2FA options. And although they promote Google Authenticator, remember that you can use Authy 2FA instead. You will locate the beginning of this process after you sign in, on the lower right quadrant of your account settings page.
https://authy.com/guides/binance/
>Why are you so mad lol?
Cause you're a tard! ffs use GOOGLE. another 30 seconds wasted. KYS

>> No.16333426

>>16332998
>SMS-based 2FA
no, it is just sms, ie a text message. That it not an authenticator but requires your phone number, again, no thanks

Also even if it was a different autheticator what is my guarantee it doesn’t link back to me, even behind a VPN, that shit is traceable. No thank you

SMS =/= authenticator

>> No.16333512

https://medium.com/@johnhinkle_80891/the-idiots-guide-to-margin-trading-on-bitmex-dbbd7742c6fc

>> No.16333522

>>16332457
>both of which can be traced
idiot

>> No.16333553

>>16333522
altho, yeah use google authenticator not sms! it works offline you can even put your phone in airplane mode only the time has to be update.

>> No.16333591

>>16333426
2fa just means 2 factor authentication which requires 2 device under your control that's all it means. the only 2fa that is absolutely worthless is email. sms is vulnerable to phone number redirects to a different sim card. just fucking use TOTP!!

>> No.16333592

>>16333553
How the fuck is that secure? It seems like something that can easily be broken into

>> No.16333601

>>16333426
WOW, can't you read? Are you trolling?
I'll try to use small words.
Use your mouse, click and hold from the start of the long phrase that starts 'http' then at the end of the phase 'binance/' let go of the mouse.
Then while highlighted go up to the top of the screen look for a 'edit' click this, on the box that drops down click the word 'copy'.
Now paste this into the browser your using & replace boards.4chan.org
right click in this area, click 'paste' then click 'enter' on your keyboard.
Last & most important step, Never EVER return to this place

https://authy.com/guides/binance/

>> No.16333619

>>16333592
not really it's just a password that is hashed with a timestamp to generate a 6 digit one time password.

>> No.16333645

>>16333592
https://asecuritysite.com/encryption/totpyou can fuck around with it on this site, set any seed you want that's your secret... bitmex knows this secret and you know it you can both check it via a one time pin that is time based without revealing the seed.

>> No.16333656

Friendly reminder. You can install an Android emulator (nox, bluestacks) in your PC and install Google Auth.

>> No.16333671
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16333671

>>16332085

When everyone on this shit of 4chan 2019 is so newfag bears acually ask how to short

LOL KILL ME

>> No.16333677

>>16333656
there are plenty of pc programs that generate you totp but what is the point? then if an attacker or malware takes control of your pc you are fucked the entire point of 2fa is to hack 2 device is a thousand times harder if not a billion.

but yeah you can stab yourself in the dick if you like. https://winauth.github.io/winauth/

>> No.16333679

>>16333591
alright I got the margin account, how the fuck do I short BTC? Just market borrow?

>> No.16333686

>>16333679
enter short amount in usd
press sell

make sure you use cross or 100x

>> No.16333700

>>16333679
did you deposit btc on it tho? first step is that.

>> No.16333707

>>16333679
Dude, in all seriousness, even though shorting BTC is a good idea. You are WAY too dumb to put this trade on. Don''t do it anon! You'll fuck it up.

In fact do this >>16333686

>> No.16333758
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16333758

>>16333671
HOLY FUCK THIS THREAD
MY SIDES

>> No.16333815

>>16333679
what's your name on bitmex m8?
i'm moonsettler holla at me in trollbox!

>> No.16333844

>>16333700
I have to figure this out first lol, I don’t want to deposit because BTC is going down so fucking fast. I’ll fo it if I have to. So on the margin tab I borrow at market? And when it goes down to 6k how do I get my profits?

>> No.16333881

>>16333844
you can't ""borrow"" if you got nothing on your balance. margin is the security you deposit on your trades. but in bitmex nobody borrows anything. you are making a futures contract with an other dude. neither side exists until a match is made.

>> No.16333912

>>16333844
>I don’t want to deposit because BTC is going down so fucking fast.
Kek
>And when it goes down to 6k how do I get my profits?
If you clicked 'sell' what would be the opposite option? 'Buy' maybe?

>> No.16333913

>>16333844
but tldr you sell here and buy it back on 6k get the price difference times your contract value in bitcoin of which you have to sell on a real exchange.

>> No.16333943

oh wait you are on binance? no idea how that shit works. but i doubt you can trade without a deposit anywhere.

>> No.16334008

>>16333881
>>16333912
>>16333913
Alright, I’m too ignorant about shorting/longing to do this trade right now, I have to figure this shit out, I understand the general concept (short if you think it will go down, long if you think it will go up) but the specifics I am ignorant about. I’ll wait in like a year to long BTC when it goes to Pluto, thanks anyways guys. I’ll still profit because I’ll rebuy all my shitcoins I dumped when BTC was at 9k and make a profit still I just wanted that juicy short.

>> No.16334021

>>16332085
You can leverage up to 300x with bitcoin or eth on darico.io, using MetaTrader 5. No KYC

>> No.16334037

Does anyone know any coins that are almost completely negatively correlated with BTC so I can rookie short?

>> No.16334069

>>16333844
this has to be a troll

>> No.16334093

>>16334008
>right now
You can even read Anon a website. I'm amazed you got this far.
Seriously though, good move not doing the trade. also pro tip don't go over 5x leverage. 100x,50x, or even 25x is suicide.

Try to just learn about how this shit works as you clearly don't even understand 2fa. Trying to get rich quick will get you even poorer than you are now, quickly.

>>16334069
Nah, he really is that dumb. Obviously a Mutt

>> No.16334123

>>16334093
If you’re so smart, riddle me this>>16334037

>> No.16334250

>>16334123
>If you’re so smart,
The worst part is, I'm actually not that smart. Thanks though
>riddle me this dumb question
I gave you a tip, now seriously, don't trade. You have no idea what you're doing. Nothin is correlated with BTC. If you want to hedge learn about options.
First step is to stop buying shitcoins.

>> No.16334275

>>16332085
prime-xbt.io btfos bitmex

>> No.16334319

>>16332085

Over the past 6 months people have been selling BTC and buying LINK.

The value of cryptocurrencies is about to end while the value of cryptoutilities is just starting.

Good luck everyone.

>> No.16334331

>>16334250
>You have no idea what you're doing.
>even though shorting BTC is a good idea.
make up your mind woman, it can't be both "I have no idea what I am doing" and "shorting BTC is a good idea", just because I lack knowledge on the specifics doesn't mean I don't excel at TA.

You're a great example of the "Dunning–Kruger effect"

>> No.16334373

>>16334331
>shorting BTC is a good idea
It wasn't your idea, hence why you have no idea.
>I don't excel at TA
Kek
>Dunning–Kruger effect
Holy projections! Anon, I so surprised you know what that is. Guessing someone told you that you're a prime candidate & you looked it up.

>> No.16334491

>>16332085
bybit or if you really want to get rekt go to bitmex and shove money down arthur's throat

>> No.16334505

don't forget to post a screenshot of your position here

>> No.16334509
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16334509

>>16332841
this lmfao

smart money has been short since 13k, but are taking profits now
this is just an exchange's market, we're chopping until halving while exchanges just hunt stop losses in either direction

>> No.16335245

>>16334331
short 7780 30x leverage