Time will tell. I think it will depend on where BTC trades. I know he doesn't like to have losses so we'll see if he averages down. BITI could drop significantly if BTC rallies to new highs. I don't understand having a long and a short position at the same time, some kind of hedge I guess. Somewhere down the line you can show a big win and claim no loss because you haven't sold the losing position. Not my cup of tea as I don't like to tie up capital.
The biti is just a little kicker position to make some money if price drops which I'm expecting. If price takes off to a million now, well it's a win-win. Price drops I average down and cash out the biti win win.
Not sure exactly what a kicker position is, can you explain. I'm under the impression that you don't take a full position right off the bat, so that you can average down as the price falls. Again I'm assuming that your first entry would be in the neighborhood of 1/3 a full position, please correct me if I'm wrong. So you have started a position in BTCC.b and have a kicker position in BITO. How big is a kicker position compared to the position you have started in BTCC.b?