I want to short bitcoin in my trading account as I believe it’ll go to 55k however I can’t lev trade. So I concluded next best thing is to buy ASST Puts. Any strategy recommendations?
Here, have my venmo account just send the money to me, it’ll be to a more worthy cause to lose your money too 🙂
More seriously I’m not sure you’ve thought this over, Bitcoin/Cryptocurrency in general is probably the most unstable thing I’ve seen in the history of investing. You’re gonna bear play this one, have a hedge going in the other direction.
(there, that’s my tip, don’t do it! Or have a hedge in the other direction if you insist)
Informal_Bee420 on
Mate do you know how options work? Happy to help but be careful here you’re gonna get burned based on this post
Informal_Bee420 on
Ibit is the etf, not inverse, you can buy puts directly on ibit
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Here, have my venmo account just send the money to me, it’ll be to a more worthy cause to lose your money too 🙂
More seriously I’m not sure you’ve thought this over, Bitcoin/Cryptocurrency in general is probably the most unstable thing I’ve seen in the history of investing. You’re gonna bear play this one, have a hedge going in the other direction.
(there, that’s my tip, don’t do it! Or have a hedge in the other direction if you insist)
Mate do you know how options work? Happy to help but be careful here you’re gonna get burned based on this post
Ibit is the etf, not inverse, you can buy puts directly on ibit