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-   -   How would you make money off a BITCOIN crash? (https://gfy.com/showthread.php?t=1287528)

mce 12-11-2017 07:24 PM

How would you make money off a BITCOIN crash?
 
Let's say the improbable happened and BTC dipped from 100,000 USD to maybe $50K USD, how would you make money off the crash?

Colmike9 12-11-2017 08:05 PM

Buy low, sell high? :upsidedow

TheDynasty 12-11-2017 08:16 PM

If your smart you know when enough is enough and when to cash out what you put in.

Bladewire 12-11-2017 09:51 PM







Mr Pheer 12-11-2017 09:58 PM

You buy when it crashes. That's easy. Whatever you had before the crash, you hold. Don't get emotional about it.

If you're not investing scared money, not getting emotional is easy. But if you invested your rent money, well good luck to you... May not need it when the heart attack happens anyway.

GFED 12-11-2017 10:59 PM

Quote:

Originally Posted by mce (Post 22112016)
Let's say the improbable happened and BTC dipped from 100,000 USD to maybe $50K USD, how would you make money off the crash?

Right now you can short the futures on any peaks or changes of trend you see where the price may drop in order to hedge your position. Starting on the 18th when options trading starts you will be able to sell calls or buy puts against your position.

CurrentlySober 12-12-2017 02:03 PM

You could always sell a DIY suicide kit? Pre-tied noose, poison pills, paper and pen to write a note etc?

pimpmaster9000 12-12-2017 05:03 PM

It depends a lot on the type of crash...

GFED 12-12-2017 05:44 PM

Quote:

Originally Posted by crucifissio (Post 22113594)
It depends a lot on the type of crash...

If it's ever declared a currency... :2 cents:

srockhard 12-12-2017 10:55 PM

So you're saying next year when it hits $100k if it goes to $50k that is a crash? I don't think it is really a crash. You can watch it live going up and down $2000-$3000 per day right now and it is only around $16k. It still so early for BTC I would say when it is $1m and goes down to $100.00 then that would be crash. Only option then is suicide.

GFED 12-13-2017 04:40 AM

Quote:

Originally Posted by srockhard (Post 22113966)
So you're saying next year when it hits $100k if it goes to $50k that is a crash? I don't think it is really a crash. You can watch it live going up and down $2000-$3000 per day right now and it is only around $16k. It still so early for BTC I would say when it is $1m and goes down to $100.00 then that would be crash. Only option then is suicide.

A 50% pullback, correction, or whatever you want to call it within a day or several would be considered a crash to most people.

bns666 12-13-2017 05:02 AM

Quote:

Originally Posted by CurrentlySober (Post 22113294)
You could always sell a DIY suicide kit? Pre-tied noose, poison pills, paper and pen to write a note etc?

now that is an idea :thumbsup

nikki99 12-13-2017 04:56 PM

3 days going down

Mr Pheer 12-13-2017 06:13 PM

Quote:

Originally Posted by nikki99 (Post 22115478)
3 days going down

Sounds like you've been to Bankok.

nikki99 12-13-2017 06:18 PM

Quote:

Originally Posted by Mr Pheer (Post 22115583)
Sounds like you've been to Bankok.

:1orglaugh

dillfly2000 12-13-2017 08:51 PM

start a gofundme and write something sad.

Neighbor 12-14-2017 09:40 AM

Quote:

Originally Posted by GFED (Post 22112121)
Right now you can short the futures on any peaks or changes of trend you see where the price may drop in order to hedge your position. Starting on the 18th when options trading starts you will be able to sell calls or buy puts against your position.

This. Exactly.


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