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Replying to Avatar Cypher Rex

I am trying to learn what is the best way to hedge my bitcoin holdings with put options when we are near the top and still hold my real bitcoin in cold storage. It is a way to never sell the bulk of my bitcoins but at the same time hold value when we will inevitably have the cyclic bear market. Is there anyone familiar with all of these who has advise on where to get the put options that would eventually pay out and how the hell all of this works? Maybe a good source to figure this out.

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Cypher Rex 1y ago

Yesterday I have been looking at this.

https://www.deribit.com/options/BTC/BTC-27DEC24/BTC-27DEC24-10000-C

I do not know if there are more trustworthy solutions.

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