Hi guys,
I am terribly sorry for the mistake in that email. I sent out two batches of emails yesterday to a small number of users. For the first batch, I got it right. But for the second batch, I forgot to put the list in Bcc. I sincerely apologize for that and will make sure this will not happen anymore.
Regards, Xinxi Wang
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Coinut username: grandFX
thanks!
You were in last batch. :-)
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Spreads just dropped quite a lot!
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Come! We need 100 for this batch. There are still more than 50 spots!
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Are the 5-min Binaries not available going forward or is their disappearance just temporary?
We are looking for a more robust index. After that they will come back. Stay tuned.
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registered on your website, there is some liquidity now. It looks quite cool.
hope you guys are working on a reiteration of the trading page.
Yes, we have improved quite a lot during the last month. We will continue improving the trading page.
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Thanks for taking the time to reply Chris. Looks like i have some learning to do, this is bit more complex than the leveraged trading I'm used to on finex and kraken.
This is also much more interesting to trade. Thanks to Chris for the explanations.
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The interesting thing about options is that you can make money when the price isn't volatile unlike futures or margin trading.
and site looks really cool. I will be funding my new account shortly and make some trades.
Thanks. You are welcome to try. BTW, our liquidity has recovered.
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Hello! I try to open position order buy 0.0024, but i can't how much is needed to open a position?
There is commission fee, which is 0.0002 per contract. You cannot buy an option with price 0.0024. The highest you contract should be 0.0022.
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Okay, spread bets suck.
There's also been complaints by other people about not getting paid put options that hit the strike. And that's because the Coinut index actually has 8 decimals.
So spread options suck and if you're closing a binary option position it would be recommended to close the position instead of buying the corresponding hedge. You have to pay an extra fee by buying the corresponding hedge and the extra fee is probably not worth it for the chance that it'll land on the strike.
Also as a customer I think it would be beneficial to show more decimals on the index.
You are right. Now if you want to see price with more decimals, just click the price on the Trade page.
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Come, come, come.
btw ive got 1st batch.. and im addicted to ur game and make some deposited.. may i know can i join this batch again. Sorry. We only accept new users.
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yakel
can user who join on batch one be accepted on batch two again? Nope.
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Okay, so that other post was because I thought Bitstamp was down. But actually you don't include Bitstamp in your index calculations because of a high spread. And this makes a lot of sense.
So from this I see that Coinbase would be a good candidate to make the index more robust. Coinbase has low spreads and high liquidity.
Also from playing around on the 10 minute options. I've realized that a spread of 0.06 means that including fees you could do a spread bet of 10% risk to get 200% return. So more of a 5% fee.
Actually redoing the math. Occasionally you lose 0.1 contracts sometimes you win 1 contract. So that's 10%. If you think the range is tight enough you could try doing a spread bet.
Though the spread is usually more than 0.06, including fee it might be 0.15. Obviously the market maker takes into account spread bets, but this is just a low risk strategy for a gambler.
Okay so that's spread bets. Been thinking about them because of all the close calls on 5 minute options. Also over the last 3 days I've paid 0.4 BTC in fees. Seriously needs some incentives for people who do high volume for fee discounts. Bitfinex, Kraken, and okcoin have similar programs.
Actually, I still think it's not betting. If you have the skills, you can estimate the probability and make profit consistently.
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Okay, so that other post was because I thought Bitstamp was down. But actually you don't include Bitstamp in your index calculations because of a high spread. And this makes a lot of sense.
So from this I see that Coinbase would be a good candidate to make the index more robust. Coinbase has low spreads and high liquidity.
Also from playing around on the 10 minute options. I've realized that a spread of 0.06 means that including fees you could do a spread bet of 10% risk to get 200% return. So more of a 5% fee.
Actually redoing the math. Occasionally you lose 0.1 contracts sometimes you win 1 contract. So that's 10%. If you think the range is tight enough you could try doing a spread bet.
Though the spread is usually more than 0.06, including fee it might be 0.15. Obviously the market maker takes into account spread bets, but this is just a low risk strategy for a gambler.
Okay so that's spread bets. Been thinking about them because of all the close calls on 5 minute options. Also over the last 3 days I've paid 0.4 BTC in fees. Seriously needs some incentives for people who do high volume for fee discounts. Bitfinex, Kraken, and okcoin have similar programs.
Coinbase is just added. If you know other liquid market, please let me know.
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