Lions PM is a buy here…
You can capitalize on this several ways.
One. Buy just ITM calls which expire out 6 months. This strategy carries the most risk, but also has the highest profit potential.
Two. Sell WAY OUT OF THE MONEY puts which expire out 1 month. This strategy carries much less risk.
Three. The least risky strategy is to set up a credit spread- and there are many ways to do this easily.
I cover each of the above strategies/how to set them up in detail, plus MUCH MORE in my book A (NOT) So Random Walk On Wall Street.
I hope you guys waited before making your trades ...
Bitcoin Question:
Here is the original paper from https://bitcoin.org/bitcoin.pdf and here are my questons:
- You need miners and miners have to be rewarded. Complexity of PoW keeps increasing and thus you need more electricity and more power to mine it. So more rewards are needed. Theoretically as transaction -> infinity means bitcoin to zero
- There are 2000 cryptos and more coming. Same technology and new name. Supply is unlimited
- Bitcoin is not a legal tender. Google what legal tender means
- Cryptos can be banned because they can and are being used for money laundering
- Cryptos do not pay interest. Instead you pay to the miners. And as transaction reaches infinity, payments reach infinity.
- Everyone is buying because they want to sell it to a greater fool for higher price.
When I ask these questions people say no you do not understand. What is it that I do not understand? I have linked original bitcoin paper. You guys can read it.
Yes I have made a few thousands going long but that's just momentum.