Trader places $1.5 million bet on Ethereum rising to $600 by March

in goinvest •  5 years ago 

The bet means that the trader, or group of traders, believes Ethereum will surge by more than 250% in the next six weeks.

Interesting article about a trader betting that Ethereum will make a big move upward in the not so distant future. In my opinion the trader is going to lose that bet. This is why I like selling options do much, someone got paid to sell the trader those options, the odds are in the sellers favor......

Read the full story here.....
https://finance.yahoo.com/news/trader-places-1-5-million-170002279.html

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5 years ago by

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      ·  5 years ago 

    This post has received a 25.82 % upvote from @boomerang.

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        ·  5 years ago 

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