Topic: Bitcoin "put option" (Read 81 times)
I see option trade as a high risk trade tending towards gambling with your money if you are not an expert. A friend visited me about 3months ago who I helped buy bitcoin and told me he will come back as a bitcoin millionaire using option trade, I waited to hear the goodnews, his poor management has made him loss all his bitcoin, trying to raise some fiat again. I prefer spot trading.
Bitcoin options trading CAN be risky, but thats only if you trade like an idiot and dont employ proper risk management, just going on youtube or google will get you tonnes of articles on how options work, so you should probably check them out, also in my signature theres a link for FTX exchange, which other than deribit is im pretty sure the only major options exchange for bitcoin
If you do not have any experience please dont comment on it, if you are going to blindly buy puts and calls it is obviously gambling, with proper risk management you can make money with options
Never said you couldn't make money off it, as a good number of people actually do this for a living. Doesn't change the fact that it's really risky and a huge majority are going to lose money.
By calling it gambling you are essentially telling him theres no way to make money long term, the house always wins. The volatility or risk as you call it will only effect you if you do not manage your risk.
If you do not have any experience please dont comment on it, if you are going to blindly buy puts and calls it is obviously gambling, with proper risk management you can make money with options
Never said you couldn't make money off it, as a good number of people actually do this for a living. Doesn't change the fact that it's really risky and a huge majority are going to lose money.
I'd like to know from seasoned investors that have done put option, and why and how you do that? I mainly like to hear from those who have done it.
You can do that through derivatives trading like BitMEX. It really isn't recommended though, as this is merely gambling. Most investors really don't use options, but some traders do. Completely up to you if you want to take the (very risky) risk.
If you do not have any experience please dont comment on it, if you are going to blindly buy puts and calls it is obviously gambling, with proper risk management you can make money with options
I'd like to know from seasoned investors that have done put option, and why and how you do that? I mainly like to hear from those who have done it.
You can do that through derivatives trading like BitMEX. It really isn't recommended though, as this is merely gambling. Most investors really don't use options, but some traders do. Completely up to you if you want to take the (very risky) risk.
Hi guys,
I am learning how to manage my stash of bitcoin, I know some say that you should just hold, or you should just dollar cost average.
I'd like to know from seasoned investors that have done put option, and why and how you do that? I mainly like to hear from those who have done it.
Thanks guys!
I am learning how to manage my stash of bitcoin, I know some say that you should just hold, or you should just dollar cost average.
I'd like to know from seasoned investors that have done put option, and why and how you do that? I mainly like to hear from those who have done it.
Thanks guys!
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