Purchased a 10,000 BTC PUT option today, history has been made - page 3.

arivar

newbie

Activity: 41

Merit: 0

Quote from: WhatsBitcoin on April 30, 2015, 02:19:54 AM

Found MPEX's owner in #bitcoin-assets who offered me a great deal (In my opinion) on a 3 month put option on the price of BTC tied to Bitfinex last ask price.

Strike price of $215 USD

Fee of $7.50 USD in BTC per BTC optioned.

Time for you all to lose your pants, socks, sweaters and all in BTC and for me to make THOUSANDS!

There is only two cases where someone would sell this put for only $7.50(32% of implied volatility):

1. He is completely clueless.

or

2. He's never intended to pay it back in the case he loses money.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

The things that's so risky with bets like this (it's a bet, basically) and shorts/longs on margin is the mere fact that the volatility can wipe you out completely, even if the general direction is in your favor. By just holding coins, this can't happen to you.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: WhatsBitcoin on April 30, 2015, 02:58:14 AM

Quote from: ABCbits on April 30, 2015, 02:46:35 AM

I wonder if you really have enough money to buy 10k bitcoin's
Since you still join a signature campaign Roll Eyes

Or still want to have more bitcoin

Bitcoin is going to 150-175 in the next three months which by my estimate of 170 will net me $375,000. After conversion fees and hiding said money lets say $300,000. Nice.

And you bet my ass I will be using Bitmixer to mix my coins too.

Wait....BUY 10,000 BTC...LOL sir...do you know what an option EVEN IS?

plz tell me more about your crystal ball, your prediction seems a bit random, just posted to increase the credibility of your action described in your first post

the reality is that you are just gambling like everyone else

ausbit

legendary

Activity: 1330

Merit: 1019

You sound like a high roller to me, but don't lets these other idiots put you down, its good to see a man put his money where is heart/mouth is.
Maybe the money you invested in this is just spare change to you, no one hear knows your financle situation but you, im sure you know the rules to only invest what you can afford.
Anyway i really hope you know what your doing, good luck!

yayayo

legendary

Activity: 1806

Merit: 1024

I don't think that this is true, but if it is I'm at least 50% sure that Op will loose his funds. Wink

What he does is basically gambling. Unless he's a millionaire already, he's taking way too much risk. Given the most recent price action and upcoming news (Wallstreet investment instruments becoming available) I see a decent chance, that we're about to leave the ground.

ya.ya.yo!

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: ?? on ??

Quote from: bitcoin_bagholder on April 30, 2015, 02:30:09 AM

10,000 BTC, yet you're posting to get peanuts from a lame signature campaign.

Hmmmmmm.....

My thoughts exactly. I guess you simply can't let go of them satoshi's

One day each satoshi will be worth $1 so why bother wasting it Grin

cyrusthegreat

newbie

Activity: 6

Merit: 0

Quote from: WhatsBitcoin on April 30, 2015, 02:19:54 AM

Found MPEX's owner in #bitcoin-assets who offered me a great deal (In my opinion) on a 3 month put option on the price of BTC tied to Bitfinex last ask price.

Strike price of $215 USD

Fee of $7.50 USD in BTC per BTC optioned.

Time for you all to lose your pants, socks, sweaters and all in BTC and for me to make THOUSANDS!

good deal sir i bet you will make more than what you think

bigasic

hero member

Activity: 924

Merit: 1000

Reserved to either eat crow or laugh my ass off. I really dont want bitcoin to go to your low levels, it might, but i sure hope not....

bigasic

hero member

Activity: 924

Merit: 1000

So, did you have to put up 75k? is that how it works? and if btc doesnt hit 215 within 3 months, you lose it, if it does hit that, you get the difference from the btc price when you made the deal correct? I need to start playing the btc game again. i did it a lot when btc was sub 5 dollars a piece and made a killing, but i never optioned, put or anything, I just bought low, sold when it went up a few dollars, rinse, repeat. to do that today, you have to have a shit ton of money, but back then, i could buy 1k coins no problem. make a 3k profit in a few days to a week, easy money.. then i arbitraged, didnt even know the name of it then, lol.... ahhh, the good ole days...

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: EternalWingsofGod on April 30, 2015, 02:31:18 AM

Mircea and her shenanigans
Anyways post the relevant Bitcoin-Assets thread and log for evidence if you did take the bet.
Seems like a fun one if you actually have the money to put up.

Or if the offer is open to all users would like to see who bites on this Grin

I thought Mircea (Popescu) was a guy and was running a gambling site..

Or am I wrong and it was an exchange?

Wasn't it the guy called by the US agency to give info about his business to them?

WhatsBitcoin

hero member

Activity: 560

Merit: 502

Quote from: ABCbits on April 30, 2015, 02:46:35 AM

I wonder if you really have enough money to buy 10k bitcoin's
Since you still join a signature campaign Roll Eyes

Or still want to have more bitcoin

Bitcoin is going to 150-175 in the next three months which by my estimate of 170 will net me $375,000. After conversion fees and hiding said money lets say $300,000. Nice.

And you bet my ass I will be using Bitmixer to mix my coins too.

Wait....BUY 10,000 BTC...LOL sir...do you know what an option EVEN IS?

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

I wonder if you really have enough money to buy 10k bitcoin's
Since you still join a signature campaign Roll Eyes

Or still want to have more bitcoin

EternalWingsofGod

hero member

Activity: 700

Merit: 500

Mircea and her shenanigans
Anyways post the relevant Bitcoin-Assets thread and log for evidence if you did take the bet.
Seems like a fun one if you actually have the money to put up.

Or if the offer is open to all users would like to see who bites on this Grin

bitcoin_bagholder

sr. member

Activity: 336

Merit: 250

10,000 BTC, yet you're posting to get peanuts from a lame signature campaign.

Hmmmmmm.....

WhatsBitcoin

hero member

Activity: 560

Merit: 502

Found MPEX's owner in #bitcoin-assets who offered me a great deal (In my opinion) on a 3 month put option on the price of BTC tied to Bitfinex last ask price.

Strike price of $215 USD

Fee of $7.50 USD in BTC per BTC optioned.

Time for you all to lose your pants, socks, sweaters and all in BTC and for me to make THOUSANDS!

Topic: Purchased a 10,000 BTC PUT option today, history has been made - page 3. (Read 4297 times)