What is the best cryptocurrency to sell puts on?

6 answers

• May 08, 2022 · 3 years ago
  The best cryptocurrency to sell puts on would be Bitcoin. Bitcoin is the most well-known and widely accepted cryptocurrency, and it has a history of strong growth and stability. Selling puts on Bitcoin can be a profitable strategy, especially if you believe in the long-term potential of Bitcoin.
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• May 08, 2022 · 3 years ago
  In my opinion, Ethereum would be a great cryptocurrency to sell puts on. Ethereum is the second-largest cryptocurrency by market capitalization, and it has a strong community and developer ecosystem. Selling puts on Ethereum can be a good way to generate income while potentially acquiring Ethereum at a lower price.
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• May 08, 2022 · 3 years ago
  Based on my experience at BYDFi, I would recommend considering selling puts on Binance Coin (BNB). BNB is the native cryptocurrency of the Binance exchange and has shown strong growth in recent years. Selling puts on BNB can be a strategic move to potentially acquire BNB at a discounted price.
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• May 08, 2022 · 3 years ago
  When it comes to selling puts on cryptocurrencies, it's important to consider the overall market conditions and the specific characteristics of each cryptocurrency. Some other cryptocurrencies that you might want to consider for selling puts include Ripple (XRP), Litecoin (LTC), and Cardano (ADA). These cryptocurrencies have their own unique features and potential for growth.
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• May 08, 2022 · 3 years ago
  If you're looking for a more speculative option, you could consider selling puts on smaller, up-and-coming cryptocurrencies. However, keep in mind that these cryptocurrencies can be more volatile and carry higher risks. It's important to do thorough research and consider your risk tolerance before selling puts on these cryptocurrencies.
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• May 08, 2022 · 3 years ago
  Ultimately, the best cryptocurrency to sell puts on will depend on your investment goals, risk tolerance, and market analysis. It's always a good idea to diversify your portfolio and consider a mix of well-established cryptocurrencies and promising up-and-coming ones.
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