"Price Insurance" on your BTC at Bitfinex

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • MeanPeopleSuck
    SBR Wise Guy
    • 04-29-17
    • 950

    #1
    "Price Insurance" on your BTC at Bitfinex
    IF:

    1. You're reading this before the 8:30am EST hard fork, AND

    2. Your BTC is at Bitfinex, AND

    3. You believe, as I do, that BTC will have a down day today AFTER the fork, then:

    4. You can lock in BTC's price at whatever it is right now and still receive your BCC by doing a simple trick:

    Transfer your BTC to your margin wallet, then do a margin sell for exactly that amount of BTC. Simple, right? That way you lock in the current BTC price, and still get your BCC. True, you'll be charged the interest for however many hours you borrow someone else's BTC to short, but lending rates at Bitfinex are currently less than 1% per day, so nothing to worry about.
Search
Collapse
SBR Contests
Collapse
Top-Rated US Sportsbooks
Collapse
Working...