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by nchuhoai 3458 days ago
Does anyone know how to buy put options on Bitcoin? Or any other limited loss way of shorting bitcoin?
4 comments

If you are willing to take some counterparty risk (and who isn't, amiright?) bitfinex has plenty of leverage and options-type trading. Chinese exchanges also offer high leverage to many customers if you really like the idea of gambling.
Years ago I built an options and futures trading platform for Bitcoin but we were strangled by regulatory compliance and I shut it down. There are always a few around but the problem with the market is that no major holder of Bitcoin wants to hedge their position in the slightest. It's such a highly volatile asset in and of itself.
You can borrow Bitcoin from a friend, sell the Bitcoin on an exchange, and then buy your friend the same amount of Bitcoin a month from now.
That's a future, not an option. The potential loss is unlimited.
Potential loss = unlimited amount of money + friendship