RE: Another Wild Spike In Bitcoin Cash On Coinbase Addition + Atomic Swap - This Is Why You Keep Optimistic Limit Orders Active
hello if this come true then wait for some days read it first frnds:-
Trader Bets: "$1 Million that Bitcoin Price Will Reach $50,000 in 2018"
This is an unknown trader or group of merchants who put a one million dollar bet that the cost of bitcoin will reach up to $ 50,000 by the end of 2018. As it was first reported by the Wall Street Journal, it was the first American exchange of LedgerX derivatives show that an unknown trader or group of merchants valued $ 990,000 for the right to buy 275 bitcoins in 2018 at a price of $ 50,000 each paid to.
According to CCN Bitcoin Price Index, this means that the cost of Bitcoin can be effectively triple in the next year and the buyer will still lose money on the business. Their present value represents an increase of about 320 percent from $ 16,764. In order to break, Bitcoin will need to reach the cost of more than $ 53,600 in trade charges.
Hi Yash,
Interesting comment. Sorry I missed it earlier.
I've also heard of people making this option play for the $100K price. Could certainly hit, who knows? Some of these options plays could be hugely profitable, as the chance of them hitting may be underpriced by the options writers.
"Bitcoin can be effectively triple in the next year and the buyer will still lose money on the business."
This is probably just an options play, not a business.