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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.

        Coin Marketplace

        STEEM 0.16
        TRX 0.17
        JST 0.029
        BTC 69510.55
        ETH 2492.25
        USDT 1.00
        SBD 2.55