Bitcoin Derivatives That Cost $1 Million Will Soon Be Worthless

[Pekelo]

This will be the last one because you are stupid:

1. He sold BTC longs and replaced them with calls, how hard is that to understand ? You're too dense to understand.

2. Nop he saved money. He didn't make money from the fall that's the only part anyone can fault him but he reduced his losses.

1. That is NOT a hedge for fuck's sake...

2. Nope. He had 1 M worth of BTC, in 2 weeks he will have none. Had he kept it, he would still have about 200K. How simple is that? How is that saving money?

Now you go on my Ignore for being too dumb.

 

[QuasWexExort]

This will be the last one because you are stupid:



1. That is NOT a hedge for fuck's sake...

2. Nope. He had 1 M worth of BTC, in 2 weeks he will have none. Had he kept it, he would still have about 200K. How simple is that? How is that saving money?

Now you go on my Ignore for being too dumb.

You do not know what a hedge is. You have no idea how option pricing works. He did not convert 1M of BTC to 1M of calls. He had more BTC and converted that to 1M of calls. Whether that was 5m or 10m we don't know. He would've lost way more by keeping the BTC.

Thank you for putting me ignore I have no desire to talk with someone who don't know how OTM calls are priced but pretends to and highlight the only one right out of many wrong calls that you made and said it was obvious.

 

[viruscore1]

Anyone short BTC?