What are the best digital currencies for selling weekly put options for income?

3 answers

• Feb 18, 2022 · 3 years ago
  When it comes to selling weekly put options for income, it's important to consider digital currencies that have a stable price and a good track record. One cryptocurrency that fits this criteria is Bitcoin. Bitcoin has been around for over a decade and has proven to be a reliable investment. It has a large market cap and is widely accepted, making it a popular choice for selling put options. Another cryptocurrency to consider is Ethereum. Ethereum is the second-largest cryptocurrency by market cap and has a strong community behind it. It has also shown good performance over the years, making it a viable option for selling put options.
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• Feb 18, 2022 · 3 years ago
  If you're looking for more speculative options, you might consider altcoins like Ripple or Litecoin. These cryptocurrencies have lower market caps compared to Bitcoin and Ethereum, but they have the potential for higher returns. However, it's important to note that with higher returns comes higher risk. So, if you decide to sell put options on these altcoins, make sure to do your research and understand the risks involved.
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• Feb 18, 2022 · 3 years ago
  BYDFi, a digital currency exchange, offers a wide range of cryptocurrencies for trading and investing. They have a user-friendly platform and provide access to various digital assets, including Bitcoin, Ethereum, Ripple, and Litecoin. BYDFi also offers educational resources and tools to help traders make informed decisions. If you're interested in selling weekly put options for income, you can consider using BYDFi as your trading platform. They have a strong reputation in the industry and provide a secure and reliable trading environment.
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