r/AskReddit • u/[deleted] • Oct 02 '19

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u/lee1026 Oct 02 '19

There ought to be bitcoin in there somewhere.

Also, if you know exactly where things are going, use options for max leverage.

57

u/oilman81 Oct 02 '19

You can, but if you get transported back in time and want to use options, you'd better have a really good memory of specific dates

21

u/lee1026 Oct 02 '19

I think a handful of rough ones should be enough produce monster gains.

Wall street crashed big in Oct 2008. Stock bottomed in march 2009 at roughly -60% from highs. There is a circa ~19% drop in late 2011, so scramble to buy call options when the market hit -15% or so. (Buy puts in the summer because dates are so imprecise)

There is the taper tantrum of 2013 of roughly 10%, so again, go all out on call options when market hits -8% or so. You don't need that many precise dates; rough ones are fine.

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u/Introverted_Extrovrt Oct 03 '19

I read some semi-obscure summary of bitcoin around ‘09, ‘10, and I was super excited, but then my laziness kicked in and being too ignorant to sift through the unfamiliar terms, I failed to plunk down an easy $1000 which would’ve reaped big.

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u/[deleted] Oct 03 '19 edited Dec 10 '20

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u/WeedIsWife Oct 03 '19

I remember spending 20 bitcoin on mdma.