Bitcoin Forum

★ What are Binary Options?

Binary options - is a simple, quick and profitable way to earn money in financial markets.

You can earn in just 30 seconds in Telegram, chatting with your friends!

The result depends only on you!

How it works?

• Choose your bet and option closing time
• Make your prediction.

★ Features

• Binary Options: BTC/USD
• Quick withdrawals
• Anonymity
• Security
• Profit in 30 second
• Support
• Provably Fair
• Referral program
• Up to 70% profit!

★ Referral program

5% from each payment of your friends!

★ Contacts
Telegram support: @CryptoOptionsSupport

Well, I wish the participant all the best for I am not a fan of Binary option right from my experience in Forex trading. I am very good in analysing technical analysis with the use of candle stick and that of fundamental issues that usually affect the market value of each coins. 

Take care when investing in this! Only invest what you can afford to lose. This is only a telegram group so there's no security to actually get paid. The OP will likely take your money and run. No website nor owner of the service provided, no escrow included.

This is indeed a very sketchy option for gamblers out there. The concept is there and I would really like to believe that they will pay you if you win but all of the available facts point on the negative characteristics of this Binary Option that you sited above. There's no security on the player's fund and there is no guarantee that you'll be able to get your winnings. I love binary options and I've played it a lot in many websites but I think I will stay away from this at the moment until actual players of their company provide proof of withdrawals of their winnings.  8)

Yes, we shouldn't waste our money on these programs because OP is not reputed on this forum and there is no guaranty for your funds so it is better to avoid and spend those coins in any other gambling game you like. Very difficult to believe nowadays online so spend your coins carefully otherwise later you may regret spending coins on this telegram channel. 

A newbie makes his first post presenting a TG bot for binary. It can't be more obvious that this is a scam attempt,by far... ::)
Nothing to see here that we don't have already seen. Probably this "topic" must be move to Investor-based games.

Yeah you and me have seen it over and over again, but others perhaps not.
Moving topic seems to be right, but why not directly to scam accusations.. or the trashcan.. ::)

Although I am with you guys that most likely this is some scam we can not just put it in scam accusations because we need some proof.

Binary options is basically gambling on High or low but the problem is there are so many websites or platforms that just control the outcome. I also know some reputable platform that have been accused of controlling the outcome.

For the OP  where will you get the Crypto Price. You need transparency.

Interesting concept for anonymous betting.

What API do you use for getting price? What is your Provably Fair algorithm?

I trade Binary options in 2011 and 2013 with option24 and I lose all my investment in it. Binary option like gambling is not for everyone because you either make money or loss it though it has a stop loss. This your project is good and one thing that it has proven is that we are getting towards Crypto currencies adoption on all faces of business and industries.

Generally since this is a binary options bet. You are betting on an underlying instrument like for example the price of Bitcoin, or EURUSD, or Gold or Apple stock.

Since those prices are available everywhere in public, thats your proof of being provably fair.

Another way he can prove its fair is if he posts which API he uses for his quotes.

I know what binary options are even before second trade being popular around...Isn't this exactly what I'm asking?!

"What API do you use for getting price?"

Examples of current BTC price:

Bitfinex   BTC/USD    $14,629.00    
BTCC   BTC/USD    $15,250.00    

Without pointing price source those binary options are far from provably fair. Because without price source, every bet could be easily manipulated.

This sounds pretty interesting to me. Though I'm not sure about its legitimacy, I'll probably try it out pretty soon. Not really in the mood now though  :P

However, is there a demo version of this available? I'd prefer not to wager too much on it immediately.
If it works well, I'd love to switch to using real money, but with the high transaction costs of Bitcoin (and thus high deposit fees), I'm just not gonna start with real money, not even having tested the program.

Some proof of legitimacy would do the job as well.

I used to trade Forex and Binary options for years; I even made pretty good money for awhile when I did it. The trouble I ran into while trading Binary options is that almost no provider of Binary options is regulated in any significant way, you say "Provably fair', but can you please explain what that means in the context of your telegram group? I noticed regularly, especially with short-term positions such as 60-seconds (or your 30-second positions) is there was inconsistency with Strike/Current/End prices and it always biased the provider.

In short, Binary options have been renowned for their rigging and manipulation of positions and prices; What proof do you have that it is provably fair? For 30-second positions, within a telegram group, how quickly are the positions taken? Even 1-2 seconds later might be too late for an entry in many cases. I do not see 30-second positions over telegram as a feasible method for anyone involved.

This is your first post, what exchange are you using to enter these trades? Are these trades regulated? What are the limits on trading if you are anonymous? I don't understand how KYC, AML or other things aren't applicable or how anyone can trust that this is fair, or that you won't disappear with deposit money.

I do appreciate the honesty of placing this in the "Gambling" section, rather than "Services" or something.  ;)

don't complain if you tried this site and lost your money , cause there is no single reason to join this site
there is no proof at all for their honesty , there is no site even !!
creating a telegram bot doesn't cost money , so they haven't even invested in a good site to attract users
the last telegram scam I saw was larawithme , many got attracted to that ponzi site due the fact that there is a telegram bot and at that time people wanted to test how the bots work

in short , don't you ever trust a site that only uses telegram with your money

yes,none in his right mind should trust money to a random telegram bot claiming to be
the first binary options in telegram,which is not tue to start with :
https://github.com/4p00rv/telegramBot
https://t.me/crypto_options_bot
to have at least some credibility,post the source of the data you are using 

Binary options "signals" Telegram channels - 99.99% SCAM

Dear fellow investors,

I'd like to warn you of the following binary options Telegram channels:

"IQ OPTION SIGNALS"
admin's Telegram username:
@Clydepolson
Teleram Id: 554571372
First: Clyde.R
Last: Polson

This is 100% SCAM. "Clyde Polson" or whatsoever his name is stole 0.05 BTC from me.

From the beginning: He claims to be a pro trader and trades binary options over IQoptions.
He offers people to invest with him for 24 hours to get 220% profit or to invest for a week to get 500% profit.

I asked him about some investors I could ask about their experience and he provided me 2 Telegram usernames. I asked them and they said that everything is fine and that he paid them the promised amount, so I sent him 0.05 BTC and after a week he didn't respond to my messages. I wrote him several times and he once wrote back "Hello" and that's it. He's completely ignoring me. Is there anybody with an idea how I could get back my money?

Here are his profile pictures he uses, but I honestly doubt that this is the real person/user of this Telegram account:
https://imgur.com/8PJCK3Y
https://imgur.com/MdZM4pn
https://imgur.com/89j29oa
https://imgur.com/pmn70Io

These are profile pictures of his binary options channel:
https://imgur.com/IvcFbAN
https://imgur.com/8X6jriP
https://imgur.com/FOH2jJN
https://imgur.com/FOH2jJN

Beware guys, don't send any money to this guy Clyde Polson!!!
===============================================

Another SCAM channel:

"Pro Signal Update"
admin's Telegram username:
@kendramiller
Id: 481585919
First: Kendra
Last: Miller

I asked her about 2 investors I could contact and she said that she has investors from all over the world. She sent me 2 Telegram user names I could contact. These 2 were allegedly from 2 countries which languages I speak perfectly and it turned out that they used google translator and tried to mock me.
I figured it out and blocked them immediately.
After a few days I saw that these 2 "investors" changed their usernames and their profile photo, possibly to try to scam other people.

Here are the profile pictures of Kendra Miller:
https://imgur.com/hePWYmr
https://imgur.com/SQZmg5p

These are profile pictures of her binary options channel:
https://imgur.com/MnmqHB3
https://imgur.com/fhwdJNa
https://imgur.com/qxw0pcr
https://imgur.com/qE8teIQ

These are the 2 "investors" I could ask about their experience with their actual (05/17/2018) Telegram usernames:
@lathiyamark (Lathiya Mark)
@Oliviamarris (Olivia Marris), before she had the name "Sofia Harris"
===============================================

I doubt that this one is legit. I didn't have any contact with them, but it's the same scheme as above:
"PREMIUM IQ OPTION SIGNALS"
admin's Telegram username:
@StephMicaela
===============================================

Another one. I also doubt that this one is legit. I didn't have any contact with them, but it's the same scheme as above:
Binary Touch Solution
admin's Telegram username:
@MITRACOLLINS
===============================================

Kind regards,
Anthony

I appreciate your effort on making such report about this scam but is much better or its appropriate to post this thing into its dedicated board which is on here https://bitcointalk.org/index.php?board=83.0. there no need to bump out this old thread.

Dont easily fall out into these kind of services even on a legit binary options sites i dont really put much interest yet if you dont have any idea on how to trade this thing will turn out to be a complete gamble.

Don't be so surprised.

Usually any type of binary related site whether it's Bitcoin or Forex usually is very difficult to profit off.

Basically any type of 60 seconds options is more or less a gamble. Market is way to erratic to make any decent predictions.

So you should be careful of anyone offering any type of signal service.

Reason why it's difficult to profit off is because the house edge is very high. And even if you are a good trader you will not make anything based on house edge alone.

I'd involve myself into Binary options even i do have the knowledge in forex trading fast pace results like 60 seconds-1 min- 5mins results isnt enough for you to make a great analysis to get a higher rate or chance of winning.This would really turn out to be like a gamble and if someone do claim that they are profitable and giving out signals which do claim and having a guarantee then theres no doubt these things are just pure scams.

There's a reason why binary options sites like Secondstrade (now defunct) were listed in the gambling section after all. If you're looking to make money through some form of trading, it's always better to simply go trade on an exchange anyways, even though you'll have to go through KYC, etc to become verified- there's house edge on these games and this isn't trading at all. Crypto's a bumpy part of the market overall, but like adaseb just said, shorter time periods of less than 1 hour or less make it just a pure gamble.