Here is another way you can go degen long on bitcoin. I explained how as a how you can go Quadruple Long if you have the stomach for the risk but here is another way to pack on the bitcoin derivative play.
Buying Long Team Equity Anticipation Securities (aka LEAPS)
To find out more about LEAPS click here this article does a great job explaining what they are.
Since I am Bitcoin permabull my strategy is quite simple. Purchase Cheap way out of the money call options on Bitfarms)
See the graphic below.
As you can see in the graphic above I had to roll over my position. My LEAP which expired next month was worthless. To stay in the trade I rolled it over and my limit order was filled today.
But why do this Boog? Stop being reckless and stack sats!! HFSP you shitcoiner fiat maxi!
Yes you are right my fellow stacker but why limit myself when it is possible I can increase my fiat gain and go into the market and stack even more?! While this is extremely risky and I have made and lost money on LEAPS. Everything is all about position size and management of your risk.
Think about it like this stacker.
Say you and the family want to go out to a sporting event. After food, tickets, gas, parking, and a few souvenirs you are probably out $500 easily. Now instead of going to that sports game for entertainment you take that same $500 and you buy a LEAP.
Forgoing consumption on sports to purchasing a LEAP can pay off if the stock does well or it can go to zero.
But in both cases the $500 gets consumed.
One was on a sporting event that you might not remember who won the game 2 years from now while the other is on a LEAP that can bring lots of fiat your way that you can stack sats with or even better get tickets at the suite level where you get great seating and a buffet while you watch the sporting events.I know safe conservative bitcoiners will
skip the game and not buy the LEAP and just buy bitcoin and send to cold storage. To you humble stacker I applaud 👏. But others who are feeling a bit more risky and extra $500 isn’t going to move the needle much on your bitcoin stack consider rolling the dice on LEAPS!
See you all in January 2027!
@remindme in 2 years and 2 weeks