Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
How about elaborating on that a little more, somac.?
ELI5...Ways to make an income from your current stash:
1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls
Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.
Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.
1. Lending makes me very nervous. The counterparty risk won't let me sleep easily. My precioussss!! The good side is, it is unlike selling because you don't forfait your btc, but cash in interest - that's how it works, right?
2. Sell futures for cash seems a little more acceptable. It is tantamount to selling, though.
3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?