Litecoin Options Idea

Honestly, this can be done with any coin. This is also a pretty common occurrence in the stock world in the form of options, so forgive me for pointing out the obvious, I just haven't seen it in the crpyto-world.

There are two ideas I believe about crpytocurrencies. The first is that most people who are not in the market are skeptical about the market. The second is that it's only a matter of time before the market capitalization within the top cryptos shoot up and this thing evens out and growth stalls. Then the currencies will do what they were made to do... move money across the globe quickly. I have no idea how much time that will take, but from the looks of things it could go either way... fast or slow.

Bottom line, it makes more sense to get more people on board, especially if you’ve been in this for a while now, but how? Here is my thought. We are going to split this up into 3 people, we will call them Alice, Bill and Jason.

Alice has 1,000 Litecoins that she's accumulated over a year or two and her average price is $45 a coin and the current price is $71.

Bill and Jason are skeptical about Litecoin, but don't want to miss out on a good opportunity. They have heard that the current price will hit $200 by the end of the year. Both of them want to get a position of say, 100 Litecoin each.

Alice is very confident that Litecoin will hit $200.

In order to facilitate Bill and Jason, Alice draws up a contract that says Bill and Jason will both pay her $25 dollars a month for the option to buy 100 Litecoin from Alice if the price hits $200. So, until the price hits $200, Alice collects a total of $50 a month and Bill and Jason get the access to the market without so much risk.

I feel like this would give Alice more of an incentive to stay in the market then if she was just going at it alone.

Obviously you can insert any numbers and time frames you want. I'm not sure of the legality, but I think it'd be a cool way to solidify more positions.