How do they take a position in BTC? Or is it just a casino? i.e. if I put 50K in... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		gaadd33 on Nov 28, 2013 \| parent \| context \| favorite \| on: MtGox launches Bitcoins.com, an information site f... How do they take a position in BTC? Or is it just a casino? i.e. if I put 50K into an account there and used it to buy $250K of BTC, that should have a pretty drastic impact on the market looking at mt gox's order books, does that actually happen?

taigeair on Nov 28, 2013 [–]

My understanding is they net it if someone takes an opposing position and if not, they hedge by buying contracts or BTC outright.

taigeair on Nov 29, 2013 | [–]

I'm not sure if this works but if you want to help out, you can use this referral link:

http://www.avatrade.com/?ref=38634

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact