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RE: You Cannot Borrow & Short BitShares - I Tried!

in #bitshares7 years ago

Short trades are initiated by selling first, with the expectation of buying back at a lower price. Instead of borrowing bitUSD (by using your BTS as collateral), you simply buy bitUSD by selling your BTS.

Now you can hold the bitUSD and wait for BTS to drop so you can buy it back at a discount.

I think what you mean is that you can't short BitShares by opening a margin position. You can only margin the MPA's aka smartcoins, and you can only do it by using your BTS as collateral:

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Thanks for clearing that up. It's funny how easy the answer is, but everywhere I looked, it was nowhere to be found.

That's a big part of why I wrote this post. Hopefully it will offer some insight. I put an edit in the first paragraph explaining this. Thanks again. :)

informative! On a different note it looks like bitshares and EOS are going to co-exist and not compete right ?

EOS is a platform for decentralized applications, BitShares is a decentralized application.
BitShares will compete with other decentralized applications, not with EOS itself. Hopefully BitShares will adopt the features EOS offers before another DEX does :)