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1441  Economy / Economics / Re: Selling call options on your bitcoins on: August 02, 2014, 06:55:21 PM
I will offer strike price of 1000 and 1200 call for the following date if anyone is interested:

March 31st, 2015
June 31st, 2015
Dec 31st, 2105


Price will be determined at the time of the dealing. Might be willing to do deal for other date and price, but only in bitcoin (no alt coin).


Send pm in interested.
How would you settle the 2105 strike price? It is not possible to force someone to assume debt when you die, so there would not be anyone to ask to payout at this time.

Another issue is that it would be very difficult to enforce this contract as you cannot seize bitcoin from someone. If you were to use escrow, the escrow would need to hold massive amounts of bitcoin from you because of your unlimited exposure.

Are you serious? It was obviously a typo.....

Edit: To your point: "Escrow would need to hold massive amounts of bitcoin from you because of your unlimited exposure."
This is completely wrong, as no matter how high 1 bitcoin gets, 1 bitcoin can never be worth more than 1 bitcoin. So for an option amounting to 1 Bitcoin, only 1 Bitcoin in escrow is needed.
1442  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - Oficial Discussion Thread! Distributing the coins! on: August 01, 2014, 09:37:28 PM
Anyone wants to buy my stash? 599,000 coins ~
PM with a price.
1443  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta on: August 01, 2014, 09:23:18 PM
I'd sell quite a chunk of my eXo holding if it was listed with Anon136 as issuer.
1444  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta on: August 01, 2014, 06:25:35 PM
Stop trying to put it on a competing crypto's exchange!

Just be patient and wait for the full release.


Just because you shout the loudest, doesn't make you the majority, thus the one to make the decisions...
1445  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: August 01, 2014, 06:21:11 PM
Ripple = RIPple
1446  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trade begins! on: August 01, 2014, 03:34:55 PM



3rd highest 24hr trading pair on Bter and only been trading for 3hrs

What exactly did you expect?
1447  Economy / Services / Re: [$250 in BTC] Looking for C++ developer to modify coind to perform 51% attack on: August 01, 2014, 03:32:41 PM
Wow, pretty weird

you want to scam all other miners mining doge ? (this post is actually a open call to rip money of honest miners).
and your even posting it here ?

pretty stupid if you ask me...

my tipp : get a real live...



It is not about scaming, it is about sending a message. If white-hats don't prove that an attack is imminent, then someone not so white-hat will exploit it. And that could potentially bankrupt an exchange or even more of them.

Don't cry because someone does it, but rather try to prevent it!
1448  Economy / Economics / Re: Selling call options on your bitcoins on: August 01, 2014, 03:28:29 PM
I am still very much open to writing call options (covered) for shorter terms (at max. 1 month). Just PM me or reply in the other thread and we can work something out.

(will probably only reply tomorrow though)

Covered call is same as naked put.

If you are trying to benefit from the interest portion, you can check out ICBIT on future contract.


As a bitcoin holder Naked short put is not the same as covered call.

Basically I would be levereging my losses when issuing short puts, while covered calls wouldn't influence my downside at all.

Observed from a "Zero asset" position, your argument obviously holds true, as the payoff of both should in theory be the same.

Additional, I think that people pay a way higher than fair premium for calls, but don't do that for puts. You can see that on bitfinex, where shorting is nearly cost free!


Creating a new position to cover your existing asset is synthetically equivalent to selling your entire bitcoin holding and then naked shorting same amount of put. Risk and profit will be identical, only difference is the commission and the spread of the option.

If you already have bitcoin, assuming the spread on call and put are identical, then selling call to make it a "covered call" strategy is of course cheaper than selling all your bitcoin then shorting some puts.


Shorting bitcoin itself is entire different thing. It costs little to short because everyone is expecting the price will go to the moon. That is also the reason why it is hard to make a market for option. No one will pay for put while anyone that is risk caution will not write naked call, the spread on each call and put will make it impossible for risk neutral strategy called "box".


Exaclty! Well said.

And about Icbit, you can kinda simulate options, but in the end only options work like options. That's why I'd prefer to issue Calls myself. I don't like futures really, but maybe I am on my own here Wink
1449  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trade begins! on: August 01, 2014, 12:52:27 PM
Well i buyed 0.5 BTC in XCR i hope to not regret.

You are such a prick, seriously. Bter is one of the best exchanges out there and just because something isn't credited instantly but only after 30-60 minutes you make shitty accusations and scream "scam". People like you are the cancer that make exchanges no wanna stay on this forum.

Do me a favor, read my post 6 months ago and look at how i get scammed in the start of the year by Bter... And talking about cancer, i remember how you cheat at the N2 ipo and buyed a lot of stacks with fake accounts.

Just because you say you were scammed doesn't make it true, you did just do the same and apparently weren't scammed.

Also I bought the stakes you ignorant retard, I haven't made a single fake account. If you wan't to complain to someone try messenging armin22. Now piss off please.
1450  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trade begins! on: August 01, 2014, 12:02:00 PM
Look who got all the "fun" orders:

HAHAHAHA



    Time Type Price(BTC) Volume(XCR)

    08-01 20:01:03Sell0.000020001000.000
    08-01 20:01:03Sell0.0020000015.000
    08-01 20:01:03Sell0.100000000.010

1451  Economy / Economics / Re: Selling call options on your bitcoins on: August 01, 2014, 11:34:46 AM
I am still very much open to writing call options (covered) for shorter terms (at max. 1 month). Just PM me or reply in the other thread and we can work something out.

(will probably only reply tomorrow though)

Covered call is same as naked put.

If you are trying to benefit from the interest portion, you can check out ICBIT on future contract.


As a bitcoin holder Naked short put is not the same as covered call.

Basically I would be levereging my losses when issuing short puts, while covered calls wouldn't influence my downside at all.

Observed from a "Zero asset" position, your argument obviously holds true, as the payoff of both should in theory be the same.

Additional, I think that people pay a way higher than fair premium for calls, but don't do that for puts. You can see that on bitfinex, where shorting is nearly cost free!
1452  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | 750 BTC goal is reached! on: August 01, 2014, 10:04:16 AM
Ladies and gentlemen! Place your orders!
1453  Alternate cryptocurrencies / Altcoin Discussion / Re: Bittrex, Scammer or Scammed. on: August 01, 2014, 02:43:38 AM
You guys realize, that there was NO successful launch hosted on bittrex. MIL was the best example for this.

Bittrex will host EVERY shit if they get a cut. Sad but truth!

Mil was polo by the way

Ahh damn I confused MIL with Digital commerce coin DCM
1454  Economy / Economics / Re: Selling call options on your bitcoins on: August 01, 2014, 02:42:10 AM
Twin,

You are willing to write a covered call - isn't the OP wanting to sell a call?

Aren't you both bearish - on the same side of the trade?

Yes. I wasnt responding to Op but to TheGull
1455  Economy / Lending / Re: 🌟🌟🌟 CoinPawn🌟🌟🌟 UP TO 5 BTC on: August 01, 2014, 01:48:14 AM
Hi there,

I would like to know if i am qualified for 1BTC loan, I can collateral my LocalBitcoin personal account with 70+ Succesful trade. You can change the full details.
(sorry this is the only collateral that i can give)
We can do an escrow. I will be using the funds for my 1 year old son for his medical check up. the rest i will use it in my buy and sell Gift Codes.

You can check my thread. and trust.
https://bitcointalk.org/index.php?topic=699343.0

I'f your not convenient with the 1BTC you can decrease the amount. But maximum payment is 2 weeks with 10% interest rate.


Thank You

1btc seems a bit high what is the minimum amount you need. I would need some time to see if it can be done.

I did lower it to 0.5BTC.. I can surely pay on or before 2 weeks with 10% interest rate. It so happen that i was short in my budget and need some extra for my son..
I can pay you on or before.  august 15...

Thank You

Why not take out an overdraft on your bank account or ask a family member, paying 30$ interest seems such a waste of money, if you happen to have so little...
1456  Economy / Economics / Re: Selling call options on your bitcoins on: August 01, 2014, 01:47:09 AM
I am still very much open to writing call options (covered) for shorter terms (at max. 1 month). Just PM me or reply in the other thread and we can work something out.

(will probably only reply tomorrow though)
1457  Economy / Lending / Re: 🌟🌟🌟 CoinPawn🌟🌟🌟 UP TO 5 BTC on: August 01, 2014, 01:45:18 AM
The loan is to get my car out of the repair shop and im already short on funds until my next paycheck on the 5th. But i need to get it out tomorrow cause the shop will be closed on the weekend. I get my paychecks every two weeks. I can pay you back in btc. Im actually looking for 1BTC loan but didnt want to push my luck. So whatever you would allow me to borrow. 
 
Just in case address is: 1J2qaYG6iMaZbncvHE3q5xG6uiVuU1nkrH

What would be your incentive to pay back without any collateral?
1458  Economy / Services / Re: [$250 in BTC] Looking for C++ developer to modify coind to perform 51% attack on: August 01, 2014, 01:38:34 AM
Even combining both contractors already rented and available X11 miners you have around 32 GHash/s on X11 which roughly translates to 12 to 16 Ghash/s in Scrypt. It is still not enough, and you realize that this is crazy and totally unheard of right? Someone renting absolutely all there is to rent, just to make a 51% on a coin that is not even the biggest one nor the second biggest one.

Actually this is not crazy and it was even announced by a famous "trader". There is even news about it: http://www.dailydoge.org/2014/07/30/dogecoin-51-attack-imminent/

with nicehash, betarigs, and leaserig and convincing X11 miners he can do it without anyones help Wink
1459  Economy / Economics / Re: Selling call options on your bitcoins on: August 01, 2014, 01:27:10 AM
I offered such a service here: https://bitcointalk.org/index.php?topic=557743.0

but there was nearly no interest for it, even though it was with 100% collateral in escrow.
1460  Economy / Lending / Re: 🌟🌟🌟 CoinPawn🌟🌟🌟 UP TO 5 BTC on: August 01, 2014, 01:25:18 AM
So I'm trying to understand what you post you are would loan me $450 but I would have to give you 70% collateral?


No, the lent amount must be 70% of the collaterat at most!
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