Bitcoin Forum

bitcoin has become a piece of garbage with sometimes transaction costs of 60 USD plus,

there were multiple threads about that issue

it is vastly overvalued and all know it. it will collapse sooner or later like a tulpmania, since bitcoin isn't usefull at all, even for big things like cars, real estate or yachts, you have many people that contributed, the high transaction costs of bitcoin make it undividable, and therefore useless its only rising because people think it will continue to rise and want to earn money with it,

but there is a better way, going short on bitcoin using so called put options

these are rights over a certain time, to sell bitcoin to the issuer of the option, for a fixed price

when bitcoin for example collapses from 15k to 5 k and you bought 5 such options you earned 50k usd

this opportunity is especially good because the banksters are likely to use pure math on bitcoin, and these options therefore will be cheap.

lets make this thread as a thread for those that want to earn money from a collapsing bitcoin,

we could even create a token for this, to collect funds and then store the funds as short options on a new opened bank account.


to earn a ton of money from a collapsing bitcoin i propose the following application:

1. i create a waves based token with low transaction costs name: short on bitcoin token or (sbitcoin)

2. we then trade that waves based token on the waves exchange, the funds collected from the sale will then be used to

3. open a bank account at a bank that sells bitcoin put options.

4. these bitcoin put options are then held,

now two cases can happen:

A. bitcoin price collapses as expectet. in this case the options can be sold or used by bitcoin owners, to sell bitcoins at higher price to the issuer bank.

B. bitcoin price doesnt collapse, in this case the options run out and the waves based token becomes worthless.

in the case of A, i then will buyback the token for the funds received from the sale of the put options after the bitcoin collapse which becomes very likely.

this way you can hedge on a collapsing bitcoin, or make a lot of money, from a bitcoin that collapses.

regards