Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Shorting Crypto

with 9 comments

I could not find PUT Options on a reliable broking platform for crypto currencies. On the 13th of Jan Bitcoin was trading ~15,000 USD when I wrote about it.

https://lifeandequities.wordpress.com/2018/01/13/crypto-for-the-uninitiated/

In three weeks, its now 8,000 USD.

Short_Bitcoin

If there is a good platform its perfect time to short, there is nothing behind the coin, should go way below 1000 USD. Won’t be surprise if it stops at 10 – 100 USD.

Written by amitdipsite

February 2, 2018 at 10:39 am

Posted in Uncategorized

9 Responses

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  1. I think bitcoin will stop at $3000, and then retrace to 20k and onward to 50k before it crashes forever.

    You see, the recent high beyond 10,000 lead to lots of buzz about bitcoin even among those who don’t know the basic about crypto or block chain but do know that bitcoin is hot.

    I think such sexy trends are a vehicle that transfers money from vice to virtue, from greed and fear to good sense. I do not think that sufficient transfer has occured so far.

    Also, i think that dedicated, smart, and organised people have been working in the shadows to push bitcoin to the moon. They have been successful, and nothing has really changed. The narrative so far.. right or not.. applies still.

    Regards, Neeraj

    On Feb 2, 2018 4:09 PM, “Views on Life & on Equity Investing” wrote:

    amitdipsite posted: “I could not find PUT Options on a reliable broking platform for crypto currencies. On the 13th of Jan Bitcoin was trading ~15,000 USD when I wrote about it. https://lifeandequities. wordpress.com/2018/01/13/crypto-for-the-uninitiated/ In three weeks, its”

    denimsox

    February 2, 2018 at 11:12 am

  2. Why does bitcoin fascinate the so called value investors so much i wonder. If you not buying or selling why does it matter to waste time thinking about it??? Learning or curiosity?

    Shaishav

    February 2, 2018 at 1:11 pm

    • Hello Shaishav, Some of my friends shorted after I posted here, bitcoin software companies on NYSE. Just my way of posting my views publicly for them. Best regards

      amitdipsite

      February 2, 2018 at 7:19 pm

      • Hello Amit

        Thank you for clarification. I do invest in crypto but Dont own bitcoin. Yes most of investors just keep repeating same old lines on bitcoin is useless. N ignore other opportunities out there. Each to there own. But agree with you most of them sour grapes missed on uptrend. But cant admit to themselves 1st and there followers because of ego.

        Shaishav

        February 2, 2018 at 10:29 pm

        • Well there will always be a bull market somewhere and one cannot participate in all of them. Crypto is a new phenomenon and we talk about it a lot. Yes sour grapes.

          amitdipsite

          February 2, 2018 at 10:49 pm

  3. I actually did quite a bit of research to short personally but there are no long dates PUT Options on multi billion dollar stock brokers. Not sure about other investors, maybe sour grapes missed on the way up.

    amitdipsite

    February 2, 2018 at 7:24 pm

  4. should have taken those 3 month puts (in hindsight)

    btw, I liked ur idea of 15/15. ran a screener on that and came up with this name
    https://www.screener.in/company/531161/

    • True, Hmmm I saw Bitcoin in free fall from 6500 to 6000 on bitmex website yesterday. Thanks for sharing will check out.

      amitdipsite

      February 6, 2018 at 6:44 pm


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