Bitcoin Bears Will Soon Be Able to Short Futures Through Interactive Brokers

I'm long BTC and have been accumulating my position. It could be a bubble but you don't know when it will pop. It could be tomorrow or next year. It is too dangerous to go contrarian because you could go broke even if your assumption is correct.
 
Traderham said:
It's now available. You can short with a $40K margin requirement! You only need a 9K margin to go long. And it's $5/contract.

And don't forget that you need special cryptocurrency trading privileges to trade the bitcoin futures. It can take up to 24 hours for approval. I also have an account with Tradestation and they don't require any special permissions.

Too bad IB isn't gonna make much money off this since the current volumes are outrageously low. Been looking at some daytrades, but the spreads are way too high. Maybe the CME will bring in more traders next week?
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$40k margin for shorting is rather high. which broker is that?

I heard gaincapital is offering 1X margin for trading (long or short) during day time,
and 1.25x margin if hold overnight.
 
Visaria said:
I'll go out on a limb and say we have topped on bitcoin.
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Thought so too but seems like bitcoin cash just spreading some fear and stealing market share. Which means one should really consider cash as its growth has been substantial even if cannibalizing. I might have to pick more BTC expecting a rebound.

Not being an optimist, I just don't see the reason for the sell off..... We've never had these many new buyers either so panic can definitely be worse this time around.
 
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