But gong on an exchange will give it credibility.
To make a profit almost atm put at 11000 is about .1918 bit coin or 19.18 %
and that is for 117 days. That means you need a 19.8% fall just to break even.
If you take a long term option -You better hope it implodes that year
OTM is better but is still has to fall a fair amount.
IDK at least with a put option you can sleep at night.
Say you have 30% margin and it goes up 200% overnight what is there to stop that. Or the other way it goes down 90% with only 30% margin and you are long.
Then the dominoes go bang…