ways to profit from bitcoin crash

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atrchi
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ways to profit from bitcoin crash

Post by atrchi » Sat Apr 17, 2021 5:32 pm

Looking to start a discussion on the different ways to bet against bitcoin's continued increase in "value." The actual bear case is outside the scope of this thread.

Here are a few that I know about so far:
  • BITI - Inverse ETF based in Canada
  • Shorting(*) Bitcoin Futures on the CBOE and CME
  • Shorting(*) Bitcoin ecosystem companies: COIN, RIOT, MARA, EBON, SOS, MSTR
(*) Shorting requires taking on Unlimited Risk, or a bearish options position, which has limited risk but with time decay working against you.

The problem in betting against bitcoin, is that at any time and without warning, the price can shoot up -- even if longer-term it is worth $0. Which means a successful strategy will need to employ Kelly Criterion, etc, which is beyond my analytical capabilities right now.

Anybody got a strategy or just some thoughts they're willing to share?
whatchamacallit
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Re: ways to profit from bitcoin crash

Post by whatchamacallit » Sat Apr 17, 2021 7:51 pm

Looks like you can buy April 23rd 50k btc put for $179

https://omni.ledgerx.com/live

With crazy dogecoin action that feels like decent bet.
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