Comments on: GBTC Bitcoin 25% Downside Target Hit + New Trade Idea

By: rsotc

rsotc — Wed, 16 Oct 2019 20:41:12 +0000

True. The margin requirement for shorting /BRR Bitcoin futures is insanely high so a big capital burner and most brokers don’t readily have shares of HTB (hard-to-borrow) stocks & ETP’s such as GBTC (although Interactive Brokers has the best availability of HTB shares of any broker) which can make shorting Bitcoin tough.

If either of those two options above aren’t available to you then you might opt to short a Bitcoin proxy such as OSTK or RIOT as they tend to ebb & flow with the price of Bitcoin.

By: rsotc

rsotc — Wed, 16 Oct 2019 20:34:19 +0000

In reply to Manuj. Will do. I'm behind on emails from the contact form/support but will take a look asap today.

By: jasonkeene31

jasonkeene31 — Wed, 16 Oct 2019 18:01:14 +0000

Hello, I have TD Ameritrade and was trying to short this trade back when you had originally posted the 23% drop post. I was having trouble finding a way to short it with TD. GBTC doesn’t have options available through TD at lest. The futures requires some special whoops to be able to trade it and there is no mini or micro version so the barrier to entry on it is pretty high.

Do you have suggestions on how to short bitcoin not using the future?

Thanks,

Jason

By: Manuj

Manuj — Wed, 16 Oct 2019 17:01:07 +0000

Hi Randy, I sent you an email to support yesterday. When you have some time, check it out please :)