Each time you make a purchase, a new one is added.BTCWhen an all-time record is reached, it’s easy to expect excessive results. The price reached just $69,000 at the beginning of November 9.

Words are just words, so there’s no loss from being excessively bullish or bearish, but in options markets there’s a cost for placing those bets. A right to purchase Bitcoin (call option), at $100,000, is available on November 10. It trades at BTC 0.022, or $1,460. The premium is an upfront payment that the investor must pay for this privilege.