Interesting to see how PP has the odds, Personally I'd still take the 5,001 or more over the 5,000 or less at those odds, if I had a gun to my head and had to choose one.
Fella, that is very interesting. I calculate the IV of that 7/1 as being 104%. This is considerably less (i.e. better value) than any of the IV's in the Options table. Admittedly those options are on a shorter time horizon and we might expect IV to decrease with tenor.
Nonetheless this PP price is not out of kilter with the market. Now if one overlays this with one's own "fundamental" assessment that the correct value is zero this starts to look like a good punt. Boss if BTC is still above €5,000 on January 1st 2019 then the bubble is showing considerably more resilience than your typical household soap suds variety.
I think I'll have a piece of this action, not a life changing bet for sure, but something to allow me to say "I told you so"
Do PP have odds for say €1,000 - if it goes below 5k it will probably go below 1k too!
Coinbase currently experiencing heavy volumes of traffic and is unable to display prices.
Ive noticed this tends to occur during heavy sell/buy activity. My guess is the price is on its way up again
Jeepers Fella,
I thought you were going to keep your know-how hidden on this one!!!!
I don't know whats going on anymore Dan , the whole thing is a bit crazy.
There could be some residual value....
Can I clarify how this works? Here are the prices from
View attachment 2385
I believe that Bitcoin are worthless.
So I sell one Bitcoin on 14th March for $18,070.
If Bitcoin has fallen to zero by 14th March- then the exchange pays me $18,070
If Bitcoin rises to $118,070 on 14th March, I have to pay the exchange $100,000.
So my maximum gain is $18,000 - but my potential loss is unlimited? (Presumably, I can put in some form of stop loss)
Brendan
Fella - you'll be coming out of retirement if you keep this up!