Sort:  
  • Trending
    • [-]
     7 years ago 

    how?

    $0.00
      Reply
      [-]
       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.
      $0.00
        Reply
        [-]
         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.

        $0.00
          Reply
          [-]
           7 years ago 

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

          Coin Marketplace

          STEEM 0.15
          TRX 0.16
          JST 0.028
          BTC 67684.16
          ETH 2412.87
          USDT 1.00
          SBD 2.33