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> if bitcoin blows up the other direction, the author loses 100% of their investment (if they are smart) or unlimited amount of money (if they are stupid). Wel
by jschulenklopper 5y ago
> if bitcoin blows up the other direction, the author loses 100% of their investment (if they are smart) or unlimited amount of money (if they are stupid).
Well, he bought put options, so his max loss is the investment he made into that. He's smart.