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General Discussion / Re: If you believe in BTS, why are you not providing liquidity?
« on: July 06, 2015, 04:52:34 pm »Shorting is simple.
If the buy wall is at 154 and the sell wall is at 156
Place a buy order for 500 BitUSD at 155 (don't hit confirm)
Place a short order for 500 BitUSD at 155 (don't hit confirm)
Now hit confirm on both orders and wait for them to fill each other
sell your BitUSD and you are now short.
Do this every 30 days to roll your position over.
Because so many people got burned on the 30 day rule expiring on them, they are gun shy. But when the 2.0 version starts testing, then everybody will be doing it, so by then it will be too late to short at these prices.
I think the method you describe above only works when there are no expired shorts sitting on the order book... If you do this when there are expired shorts, they will buy up the bitUSD you are shorting and you will still be left with an open buy order for bitUSD.