Savvy Tricks to Short Bitcoin for Maximum Rewards

Bitcoin is an innovative, digital currency created in 2009. You can use it to purchase goods and services without any third-party intermediary. Bitcoin has become a popular investment for many people, but it also comes with risks. Many people love to short Bitcoin for the rewards, along with other cryptocurrencies. So, how do you short crypto? This blog post will discuss clever tricks you can use when shorting bitcoin! We’ll be talking about how you can succeed in shorting Bitcoin for maximum rewards and fewer risks.

Sell Your Bitcoin to an Individual

When you want to short Bitcoin, the first step is to sell your Bitcoin to an individual. You can find someone who wants to buy your Bitcoin on various online exchanges or through online forums. Once you have sold your Bitcoin, you will need to deposit the money into a regulated forex broker account.

This account will allow you to trade CFD contracts on Bitcoin. Next, you can open a long position with your CFD broker to lock in the price of Bitcoin while it’s trending down. Once the trend has reversed and started going up again, you can close out your short contract for maximum profits!

Sell Your Bitcoin via Futures Contract

Another effective method, if done correctly, is by selling Bitcoin futures contracts. This method works in a similar way to shorting bitcoin through CFD’s, except that you’re using an actual contract rather than just opening and closing positions with the same broker. To sell Bitcoins for this process, you can use OKCoin or BitMEX. The first step is to find someone who wants to buy your Bitcoin futures contract.

Once you have found someone, they will need to fund their account with cash to purchase the contract from you. Next, deposit the money into your broker account and open a short position on BTCUSD (Bitcoin / US Dollar). You can close out this transaction with upward momentum in the market, and you will have made a profit from the difference in prices!

Use an Exchange to Short Bitcoin

If you don’t want to go through the hassle of finding someone who wants to buy your Bitcoin futures contract, or if you’re going to get started quickly, then using an exchange is a great option. You can use exchanges like Bitfinex, Poloniex, and Kraken to short Bitcoin. These exchanges allow you to borrow Bitcoins from other traders on the exchange to sell them.

To do this, you will need to put up collateral (usually around 20-30% of the value of the borrowed Bitcoins). Once you have sold your borrowed Bitcoins, you will need to wait for the price to drop before you can close out your position and receive your profits.

As you can see, there are many different ways to short Bitcoin. Each method has its own set of pros and cons, so it’s essential to choose the right one for you. By following the tips in this blog post, you can maximize your profits while minimizing your risks!