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it's an option. An out of the money option. It may expire worthless, or it could be worth a lot. It's not irrational to buy into it.
by vasilipupkin 9y ago
it's an option. An out of the money option. It may expire worthless, or it could be worth a lot. It's not irrational to buy into it.
- bsaul 9y agoas opposed to regular shares that will at least bring dividends every year ? The only person i know that trades crypto currencies do it with pocket money. But the sums we're talking about here are about something a bit different (i suppose).
- vasilipupkin 9y agowell, people buy out of the money options on all sorts of stuff, like oil and other things. It;s a bet that has small limited downside and large upside, so not completely nonsensical. I invested in filecoin. I figured, hell, if I lose 1-2k no big deal, but if this thing takes off, I could make a lot more