Bitcoin "put option"

[SiverSurfer]

Hi guys,

I am learning how to manage my stash of bitcoin, I know some say that you should just hold, or you should just dollar cost average.

I'd like to know from seasoned investors that have done put option, and why and how you do that? I mainly like to hear from those who have done it.

Thanks guys!

[mk4]

I'd like to know from seasoned investors that have done put option, and why and how you do that? I mainly like to hear from those who have done it.

You can do that through derivatives trading like BitMEX. It really isn't recommended though, as this is merely gambling. Most investors really don't use options, but some traders do. Completely up to you if you want to take the (very risky) risk.

[mk4]

If you do not have any experience please dont comment on it, if you are going to blindly buy puts and calls it is obviously gambling, with proper risk management you can make money with options

Never said you couldn't make money off it, as a good number of people actually do this for a living. Doesn't change the fact that it's really risky and a huge majority are going to lose money.

[omone1]

I see option trade as a high risk trade tending towards gambling with your money if you are not an expert. A friend visited me about 3months ago who I helped buy bitcoin and told me he will come back as a bitcoin millionaire using option trade, I waited to hear the goodnews, his poor management has made him loss all his bitcoin, trying to raise some fiat again. I prefer spot trading.