[Feedback Request] BitRewind: The World's First Bitcoin Price Insurance

[bitrewind]

Hi everyone,

I'm launching a new service called BitRewind (bitrewind.com) and wanted to ask for your feedback. In short, BitRewind offers a price protection for your Bitcoin.

Details

Currently, 1 BTC is traded at $8500. I can give you an insurance against a possible price drop so that you can protect your profit.

How It Works

1. Let's say you decide to buy an insurance so that if your BTC drops below $8500, you're protected.
2. If BTC drops to $7000, you get $8500 - $7000 = $1500 back. Therefore, you still have your $8500.

Price (one-week insurance)

- To protect at $6500: $73
- To protect at $7500: $152
- To protect at $8500: $457

FAQ

- Minimum amount you can insure: 0.1 BTC
- You can be repaid in BTC or Tether (I might be able to support USD and Euro very soon).
- You can sell back / trade the insurance.

Let me know what you think.

[RedUser]

As soon as I got to get acquainted with General Insurance partner and information about this I still don't know anything about it and how to choose the cheapest one. If you can give some pieces of advice and share your experience with this it would be really great! Thanks in advance for any information guys.