a) Bitcoin price is extremely volatile, even on a 6-month time horizon, and IMO, given the volatility, this bet is a pure casino play: most of the rationale he

a) Bitcoin price is extremely volatile, even on a 6-month time horizon, and IMO, given the volatility, this bet is a pure casino play: most of the rationale he puts forward has absolutely no reason to come to fruition within the next 6 months. The OP better pray he's not going to urgently need the money he parked in those puts any time soon. b) On a longer (years) time horizon, historical trend is telling a clear story: shorting Bitcoin is a very dangerous proposition. Whether you are long or short on Bitcoin, only play with money you can afford to lose.