Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Bitcointicker Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.
For example: If you sell a put option for Bitcoin with a strike price of $20,000, you will earn a premium on it, but you are obligated to purchase Bitcoin from the option buyer for $20,000 regardless of how much Bitcoin trades for on the open market. If the price of Bitcoin falls significantly, this will be a bad deal for you since you are contractually obligated to buy Bitcoin for a higher price than what it’s trading for — resulting in a loss for you.