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A comment on Shorting Bitcoin. Parent comment

Re:Shorting Bitcoin by Sammi on Tuesday June 29, 2021 @06:01AM (#27673855)
Put options have a time limit. So being early means you loose the money you used to buy the put.

So yeah it is the same thing.

And Michael Burry was a lucky mother effer that he managed to keep his put on all the way until it finally happened.

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Re:Shorting Bitcoin by manquer on Tuesday June 29, 2021 @01:55PM (#27679409)
Or as today they would describe as it diamond hands.

It is rare to have both the conviction to bet everything and also be right at the same time.

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Re:Shorting Bitcoin by Sammi on Wednesday June 30, 2021 @03:45PM (#27692684)
Diamond hands are for holding perpetual assets not expiring options. For reasons I explained above.
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