How to short dogecoin

If you want to take a position on Dogecoin without having to own any actual cryptocurrency coins, plus have the flexibility to go long or go short depending on how the markets are performing, you’ll trade Dogecoin instead of investing in it. Short crypto binance Bobby Ong, chief investment officer and co-founder of CoinGecko, says Bitcoin futures can be useful for both short- and long-term investors.

Leverage enables you to open positions that are bigger than your trading capital. If you can open a position that is 10 times bigger than your trading capital, then you have 10x leverage available to you. The maximum allowed leverage for futures listed on Delta Exchange is as high as 100x. There are two ways of thinking about leverage: BITCOIN LONGS VS SHORTS Market data powered by Xignite.

DOGE started the year at $0.1705 and moved up to $0.2032 on 14 January, but then sold off to $0.1272 on 24 January. The coin rebounded to $0.1716 on 7 February, but was unable to hold at that level. DOGE dropped to $0.1107 on 13 March before making another attempt at the $0.17 level on 5 April.  What Is Your Current BTC Sentiment? In such events, you see the coin bring up short-term volatility or even increase its price for a short period. This is the time for you to strike while the iron is hot, as you can use these shorting opportunities once the hype has eased off significantly.

CoinSutra » CryptoTrading » Short Sell Bitcoin The ‘Golden Cross’ Sounds Important for Crypto Traders, But Is It? However, it is also important to understand that crypto markets are highly volatile. This means that the price of a specific cryptocurrency can increase or decrease within a matter of few seconds. There won’t be any underlying reason for it as well. If you’re prepared to manage the risks before you short, you can expect to receive the best experience with it.