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Comment by jabujabu | Hacker News Reader
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jabujabu
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Bitfinex, Bitmex
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frgtpsswrdlame
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I think the counterparty risk involved in buying a long-dated (and expensive) put from one of those exchanges overwhelms any possible profitability. If Bitcoin really did crash, who's going to pay up for it? Right now there's not a very good answer.
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