The price of FCN can be set by yourself, so it cannot be said to be a loss. If you think a certain price to buy BTC is a good option, you can set your own buy price and strike price.
Once the buy price is set, if the expiration price is below this price, it will also buy at the price you set.
If you enter with U-based funds and buy Bitcoin, due to exercising during a downturn, buying too high may result in unrealized losses, because Bitcoin may still bounce back, unless you sell Bitcoin, then it becomes an actual loss. At that point, you should ask yourself why you set a strike price for Bitcoin that you didn’t want.
Whether it's dual currency or FCN, it is not about earning so-called annualized returns, but rather helping you buy Bitcoin better in a downtrend and sell Bitcoin better in an uptrend. The price you set must be a price at which you feel secure after buying; that is the key.
So those who say there is a loss, I think they may not understand this product.
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