It sounds silly because if you don't believe in any of these insurance thing, then use the whole of 1000 to buy at the spot price.
Topic: Bitcoin price insurance - page 2. (Read 1752 times)
If a person has 1000 bucks, buy 250 bucks worth of bitcoin. The remaining balance is your insurance *if the price goes down*. If it does happen, use another 250 to buy more. whatever balance remaining is still your insurance in case of a drop. As it goes down further, use that to buy more until you are dry
It sounds silly because if you don't believe in any of these insurance thing, then use the whole of 1000 to buy at the spot price.
It sounds silly because if you don't believe in any of these insurance thing, then use the whole of 1000 to buy at the spot price.
the insurance against that is to hold, like always
Haha, thanks. We will probably release vanilla options by the end of Jan. I just want to know whether people need it.
Yeah, I just found your other thread about that, thereby making my earlier response seem redundant. I've spoken on numerous occasions about the need for vanilla options, and now you're making me put my money where my mouth is. I'll need some time to think about this. 
Do you need some kind of insurance that will compensate you if the price goes down?
We already have some kind of insurance against that (you should know, you're providing it). What we need is a better kind of insurance, ie, vanilla options. Get to it.Haha, thanks. We will probably release vanilla options by the end of Jan. I just want to know whether people need it.
Do you need some kind of insurance that will compensate you if the price goes down?
We already have some kind of insurance against that (you should know, you're providing it). What we need is a better kind of insurance, ie, vanilla options. Get to it.
Their is the need for theft insurance, not insurance for bitcoin price fluctuations. Prices going down is usually a time to buy bitcoin.
Most of you posses some Bitcoins. If the price goes down, you lose money. Do you need some kind of insurance that will compensate you if the price goes down?
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