Trading in Bitcoin options turns $638k to $4.4 Million

[worle1bm]

How many possible ways are there to increase your weatlh 3-4x in short span of time and that of only 5 weeks?Is that sound interesting to you.Crypto trading is one of the way where you risk you money and with your trading skills and market judgement you can get immense returns. A trader buys 16000 bitcoin options January call expiring at $36000 strike for 0.003 bitcoin per contract as per reports.The total cost was 48 bitcoins (16000*0.003)
The total cost of the intial outlay was $638,400 and as the prices rally from the $13000 to $19000 the premium drawn rose from 0.003 bitcoin to 0.0145 bitcoin generating paper profit of $4.4 million
Here is how return is calculated:
= [(Option's current price of 0.0145 BTC x 16,000 contracts) x bitcoin's current spot market price of $19,200] minus (-) cost of trade.

= [232 bitcoin x $19,200] - $638,400

= $4,454,400 - $638,400

= $3,816,000

Here is link for furhter information:https://www.coindesk.com/deribit-36k-january-bitcoin-options

So it's quite huge returns in such short span of time and that's what the power of Bitcoin and blockchain is that's why all the major institutions are adopting it as fiscal measure for their financial resources.What are your thoughts on this?

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[mk4]

So it's quite huge returns in such short span of time and that's what the power of Bitcoin and blockchain is that's why all the major institutions are adopting it as fiscal measure for their financial resources.What are your thoughts on this?

Nope, you can also have huge returns by investing in the stock markets assuming you pick the right stocks. The power of Bitcoin is that we finally have money that we truly own without needing to trust any centralized entity, while at the same time being really really scarce.

[boyptc]

That's no guarantee if it will take 5 weeks. With that capital, only these financial institutions can make and risk that amount. For individuals, the same as that institution.

Not unless that person has already that much. Sounds like so easy strategy but hard to bear the risk.

[as.exchange]

So it's quite huge returns in such short span of time and that's what the power of Bitcoin and blockchain is that's why all the major institutions are adopting it as fiscal measure for their financial resources.What are your thoughts on this?

Nope, you can also have huge returns by investing in the stock markets assuming you pick the right stocks. The power of Bitcoin is that we finally have money that we truly own without needing to trust any centralized entity, while at the same time being really really scarce.

You are very correct. If the author of tread checks Tesla or Celsius Holdings equities - they will be amused that the YTD return was way higher than BTC return. A lot of Chinese equities also outperformed or performed at least as good as BTC. It's a matter of personal preferences and knowledge. Besides, as you correctly notes "The power of Bitcoin is that we finally have money that we truly own without needing to trust any centralized entity, while at the same time being really really scarce." - very correct point.