"bitcoin short", token backed by short options on bitcoin

[KingScorpio]

are there people interested in a token that drives his value from a bank account with short futures on bitcoin?

this token will behave antibitcoin like, if bitcoin crushes it becomes very valuable but only max. the total crush difference, but it cannot become a negative value token.

tell me your interest.

regards

scorpio

[shillberting]

Not at all either do it through the CME, CBOE, or any other incoming fund or that will have tons of options for you. I don't want the two sides to mix lets keep it clean in crypto shall we

[Rudementry]

You may also check Ankorus project for similar functions and another futures offering, they will start soon (ICO right now). And as mentioned before: CME, CBOE...even Nasdaq?

[Bitforking]

I heard one could only long BTC but not short it.

I am not sure whether it is true, but if it is, then BTC price could be manipulated.

I mean the market would not risk it but influence the price.

decentralised coin is now centralised in price somehow, that's how I feel.



 

[KingScorpio]

Not at all either do it through the CME, CBOE, or any other incoming fund or that will have tons of options for you. I don't want the two sides to mix lets keep it clean in crypto shall we

thats true but you have to open a CME account, and you have to buy a short option, with a short token you can buy a percentage of it

bitcoin short would be something like tether, but not tethered on USD but on bitcoin futures, on short bitcoin futures also called put options

if bitcoin collapses in value these put options explode in value, many people say bitcoin will collapse in value, so why not creating this token?