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/biz/ - Business & Finance

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9586371 No.9586371 [Reply] [Original]

would you pay $100k for 21 BTC today under the stipulation that you have to hold them for the next 2 years?

>> No.9586384
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9586384

>>9586371
no......

>> No.9586400

>>9586371
If I got 100k for free then yes

>> No.9586410

>>9586400
no it would have to be 100k of your own money or a loan

>> No.9586424

>>9586371
Of course. In fact, I'm holding more now at 7500 a piece

>> No.9586425
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9586425

>>9586371
Yes and then sell them immediately because Bitcoin doesn't have a native smart contract that can prevent me from selling them. Kill or be killed, nigga. That's the name of the crypto game.

>> No.9586437

>>9586424
you have more than 21 BTC???!!!

>> No.9586483

>>9586425
Just sell 21 futures contracts with no expiration date. The margin is 1,050,000 but it's pure arbitrage

>> No.9586497

>>9586483
what the fuck? am i supposed to understand what any of this means?

>> No.9586500

>>9586437
Yes, that's only like $150k, lol

>> No.9586508

>>9586500
"only". dude you are fucking by rich and judging by your last post which i did not understand at all you must be a trading genius. how the fuck did you get so many coins?

>> No.9586541

>>9586497
Step 1. Keep the cheap BTC for two years.
Step 2. Sell 21 futures contracts with no expiration. Whether it goes up or down you don't care now since you are net zero BTC. (You are shorting while you are the same amount)
Step 3. In two years, collect the difference by closing your contract.

>> No.9586553
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9586553

>>9586508
you must be from a third world country

>> No.9586568

>>9586508
I just bought coins early, I'm not a genius. I think the concept is pretty easy to understand, you don't sell the actual coins as per the contract, but you hedge them in another way

>> No.9586594

>>9586425
The real questoin is 'do you think bitcoin will be worth significantly more than $4761 two years from today"

>> No.9586616

>>9586371
2 years? Fuck no, that’s an eternity in this space.

>> No.9586622

>>9586594
If you are not thinking longterm when you buy BTC, you are fucked.

>> No.9586663

Do it bruh dont be a pussy

>> No.9586738

>>9586541
You do have to be able to stay liquid though anon. if you did this 2017 at 100k = 150 bit coins then by january this year you were up for over 3 million plus the ~30% margin requirement. if you couldn't find over $4MM to cover your bet you were well and truly BTFO.

>> No.9586902

>>9586738
Worst case scenario, your short is wiped out, and then it crashes after. It's better if you can keep on funding your margin. If you cannot, then it is not risk free. Alternative: sell someone a short contract for 21 BTC dated two years later. In this case, it would be a covered short since you have the underlying.

>> No.9587101

No, I would pay 200k, idiot.

>> No.9587718

>>9586400
you mean $1 billion ...... at least