Phyrex
Phyrex|Apr 27, 2026 11:14
I totally get why some folks feel that dual-currency investments aren't worth it—like, you might not buy at the lowest point or sell at the highest point. I get it. But when it comes to trading, it's almost impossible to always buy at the lowest and sell at the highest. For me, the biggest advantage of dual-currency investments, or selling PUTs, is scooping up spot assets at a lower price. I don’t know what Bitcoin’s absolute lowest price is, but I do know what price feels attractive to me. For example, I’m okay buying BTC below $68,000. So, I’ll sell PUTs in the $68,000 to $63,000 range (any lower and there’s basically no interest income). If the price hits that range, I’ll take the spot assets. If it doesn’t, I’ll just pocket the premium (interest). Also, personally, I’m not worried about BTC prices continuing to drop after I buy. If it drops further, I’ll just keep buying. So, for me, this isn’t a dilemma. As for selling CALLs, I do find it harder to accept. That’s why I wouldn’t use a large position to sell CALLs, but I might use a small position to combine selling PUTs and CALLs. At that point, it’s not really about investing in Bitcoin anymore—it’s more like financial management. The goal isn’t to earn long-term Bitcoin holding returns but to profit from short-term price differences. So yeah, at least for me, there’s no dilemma here.
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