https://www.msn.com/en-us/money/topstocks/bitcoin-traders-bullish-lottery-ticket-is-the-300k-june-call/vi-AA1EhvHF?ocid=hpmsn&cvid=8e1e77b45b90452b8b2102544c94f6e5&ei=28How can I put some money on this, to create a nice retirement fund for myself? I know little to nothing about puts and calls, only that you can make some big money fast if you bet it right. I'm willing to YOLO $1000 into it, big deal if I lose.
Derabit is the exchange on which to place the bet, but I'd need to know what type of bet and all the details.
It seems like the bet is if the price of BTC will reach $300,000 by the end of June. I say no way. $150K maybe, $200K, very slightly possibly, but $300K? No way can the value increase that fast. And if it does, I an HODLing a tiny amount of BTC, so I'd win that way.
Any prediction market that features this type of bet will likely face bankruptcy because Bitcoin is not going to $300k by June. That is even to high of an expectation for the peak of this market cycle. I know there will be many theories and excitements now that Bitcoin have created a new ATH, this will make many people jump in thinking that will catch some nice quick profits but it is not always like that. If we see Bitcoin at $150k by the end of June, that is something amazing and worthy of celebrations.