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Well technically its digital real estate if you want to be more accurate. It is a store of value/investment with huge potential, and no real downside risk, that you can borrow against, sell or transfer with ease. Just like real estate, bitcoin has booms and busts all the time. Anyway, when are...

Yes, because crows will fly away before the rain comes. Causation and effect. Math is just language used to prove an idea or a theory. The real genius is coming up with the idea or theory. Stephen Hawkings would come up with a theory on relativity and he would then run it by the mathematician to...

What do you mean? I just said the probability of being itm/otm is completely skewed wrong with options..so the whole options market is mis-priced. Pick any option and it is mis-priced.

That quote makes no sense. Markets can only be irrational if they are acting contrary to the sentiment or catalyst.

Ok well here ya go...done before breakfast. The problem with current pricing models is probabilities are out of wack and therefore the prices are skewed all wrong. Step 1 is get rid of IV and get rid of all the greeks. The whole system is ambiguous and not even necessary...or accurate. Step 2...

There is a way with 10k. I have a real world example that just occured.

Good.

I came to the same conclusion with out the need of advanced math. The math is just a way to demonstrate what I understood purely from observation.

A buying opportunity would happen.

The smart people saw it coming.

It's all antiquated now. It's going to be Bitcoin and crypto if it isn't already two countries already using Bitcoin as backing. Bet you didn't think that was going to happen 10 years ago...or that we'd have Bitcoin ETFs. It wouldn't surprise me if people end up selling off all their assets and...

Are you guys ever going to learn Ithat none of that ever affects the market? The market goes in waves regardless of what's going on. That has nothing to do with anything. Man you guys work so hard to just spin your tires. Price is going up because A it's an election year and B because it's on...

How about just acknowledging that I was right?

Yeah because he can't grasp the concept. I'm correcting his hypothesis. Basically whenever somebody is claiming bitcoin is a ponzi scheme you can just replace everything they say with "blah blah sour grapes...blah blah I wish I bought some years ago... blah blah I'm going to tell everyone its a...

How early? So he was savvy enough to figure out back when bitcoin was in the hundreds that he wanted no part of it and now we are at 60k? lol wow that's some solid analysis. I was looking at bitcoin when it was $400 and was considering putting 10k into it, but didn't understand it enough so...

All of those are physical items (or stocks lol) and none of them are recursive. Also, not one of those would allow me borrow money against them a 6am on a Sunday in my boxers eating cheesies.

Sounds more like he's using math to justify his regret of missing out while I drive around in a (2008) Lambo. :) It's true you can be too smart to make money in stocks or to make money in general. Also you guys act like bitcoin's never gone down lol... Just in the last two cycles it's gone from...

I told you guys that options are mis-priced. Now there is math to back me up.:)

What is being misunderstood here is that Bitcoin is neither a security or a currency...it is a store of value. The value is not only derived from the scarcity, but from the ease of storage and the liquidity compared to other stores of value such as gold and real estate. Therefore, it is...

When you factor in the protective put expiring worthless then how does that affect your pnl? If you bought a Jun21 19 put @ $4 now, the Apr12 19 put is 1.50 so this is a depreciating asset that will drain away pnl if any. I always found that the protective put does more harm than good. If you...