Gordon Gekko
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Yes see post #12I don’t like the idea of shorting futures or gambling with Paddy Power.
I’d much prefer Bitcoin put options if such a thing exist. Basically where I could buy the right to sell Bitcoin at close to its current price within a fixed timeframe. If I’m right, and Bitcoin has collapsed by then, happy days. If I’m wrong, I just don’t exercise my option and all I’m down is the cost of the option.
Does that exist?
I think that is where the Boss is at and I’m not far behind him. It is the collapse of the whole concept, not a question of finding the right pricing level. The huge attention BTC is currently getting as a result of its unbelievable price explosion will probably hasten the day when reality dawns.All I'll say is that if you think bitcoin will go to $1 or even $10 as anything except a temporary flash crash on an exchange (before new deposits arrive from buyers) you probably have no idea what you're doing. That would put the market cap at $210 million. There are currently over 50 cryptocurrencies with a higher cap. For bitcoin to fall that low it will either have failed to exist or the entire crytpocurrency ecosystem and market will have basically disappeared.
Yes see post #12
Well yes but you can cash in your BTC at spot. It is only if the value of BTC is absolutely zero i.e. nobody at all is trading that this would be a problem, I think on a 3 month view you can dismiss that.Aren’t the “winnings” paid in Bitcoin or similar nonsense?
The problem is Brendan, this forum is now giving Betfair whatever info they may want to gather. It may favour them or then again it may favour you. It might be a better punt if you put a grand on Mayo for Sam '18.
The problem is Brendan, this forum is now giving Betfair whatever info they may want to gather
Hi Gordon
That is what I want as well.
I place a bet that the price will fall to zero in the long-term, maybe 12 months. If I bet €1,000 @10/1 and it doesn't fall to zero, I lose €1,000.
I have asked Betfair to open a book on the price at 31 Dec 2018.
Brendan
Aren’t the “winnings” paid in Bitcoin or similar nonsense?
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