Regarding purchasing power…
Don’t miss out on the upside of #bitcoin because you are fearful of the occasional downside volatility.
It’s amazing to me how many otherwise intelligent people pay this opportunity cost while using volatility as an excuse.
They are falling further and further behind.
Three practical tips if you find bitcoin’s volatility intolerable:
1. Small position size.
2. Don’t use leverage.
3. Hedge. It’s not that hard to do.
How do you hedge bitcoin’s volatility?
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Buy puts. Initiate a short position. Increase relative cash position.
i get U but a reg person idk/ either way thanx 4 spreading knowledge!
how do you buy puts on bitcoin?
ETFs
Plus you are shorting the underlying and shorting via puts. How are you hedging?
He's long bitcoin.
