Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this10:43 pm
April 27, 2017
Offline
finance trance said
I've been here a while and can only suspect you know I'm not trolling, but of course posing that question is an effective way to ridicule and put me down. I asked the question under a thread on crypto/bitcoin, disclosing full well I knew that it is speculation. If you feel it's the wrong place, I apologize. You may ignore it. Your initial answer before was indeed helpful for me.
I try to be tactful in my wording, knowing full well many people get upset by the mere mention of bitcoin or investing that they deem to be stupid or silly. I personally think this mindset is immature, and feeling superior to people on WallStreetBets or TikTok is a waste of time.
Like most here it seems, I access crypto to be worthless, and was curious to explore options against it. It's right I don't know enough to make such an investment, it's why I have been researching and was asking for some clarity here, where I've found it before. If it's not nice, no need to say it! Financial learning and discussion should be welcoming to all.
You keep calling it “investment”. It is not. Not even close.
You want to make a wild bet. Whatever ones view on bitcoin, you want to bet on the exact timing of it falling. If it does not fall before your (very expensive) put option expires, then you lost your bet. I am certainly not advising anyone on the mechanics of how to lose money fast any more than I would advertise a pyramid scheme.
This topic should have provided a clue just how hard it is to predict bitcoin’s future movements. Today its worth $89K in CAD. This really isn’t a topic about shorting anything. If you really meant to do what you say then you should be grateful to all the people who saved you money by not answering your question.
5:00 am
May 9, 2020
Offline
Looks like I touched the very nerve I mentioned.
I used the word investment once in the last comment as a general placeholder word like a layman. My mistake. If improper use of the term leads to upsetting you this much, I can’t help you.
I’ve made it clear I’m well aware it’s a bet/speculation, as I said, I wouldn’t be trying to time the fall if at all possible; just was curious about any channels to bet against it long term. If none exist that’s fine. Again, nothing nice to say, don’t say it. Have a good day.
5:49 am
April 27, 2017
Offline
None exists.
5:54 am
March 30, 2017
Offline
finance trance said
No where in that page does it show a specific premium number for a specific duration put option, plus any other specific metrics which I don't understand. What may be self-evident to one person, is not to others.
not sure what u meant, google search returns web links that one is supposed to click to see....
And if u do click on the links google returns, which is what most people do, you will see this screen shot. Again not sure if u did and saw that, what else are u confused about.
7:06 am
April 6, 2013
Offline
There's also the Bitcoin future options at CME. The chain of options expiring December 2025 is here.
Not sure why one would think it is a one time premium with options. Options have an expiry date. So, one has to keep buying new options to replace expiring ones.
Furthest out for the Bitcoin future options at CME is 18 months. So, one would be paying a premium at least every 18 months to keep speculating against Bitcoin.
Please write your comments in the forum.