How do options work in btct, i.e. do I have to keep all the strike sums basically locked on the site, or is there a better way of doing that?
If you write options, everything required to fulfill that obligation is held in reserve. It is held in reserve as I write them, or as anyone buys them? I'd like the second one, though I guess it's the first (which I would totally understand, np) Thanks! edit: the fee is the same as with normal transactions? or is there also a fee on the premium? What's the "Escrow Required" field for? |
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I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".
What kind of an argument is that? Who is complaining about the commission being too low... Plenty of people so far. Concerned about if the owner doesn't gain enough money from it, he might run away with the money. Not that I think he would, but still is a valid concern. |
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How do options work in btct, i.e. do I have to keep all the strike sums basically locked on the site, or is there a better way of doing that?
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Puts are for people who have bought all they want at current prices but would buy more if the price comes down, and are more than happy to get paid in exchange for promising to do so.
I would like to buy down, but if I have to keep the strike money locked, I would better invest it now instead... |
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how was asicminer.bit not already taken...
because namecoin is a joke |
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How do I write puts on BTCT?
I don't see a way to do it. Can someone provide a little guidance?
You click on the security, you go into the "options" tab, and at the bottom there is a collapsed table "Write Options — Please make sure you know what you're doing before writing options...". If there isn't it might have to do with, I don't know, 2FA maybe? |
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Sorry, no. 0.2 is already a significant premium increase from where I was selling before (0.14). There are a lot of people who are VERY bullish on ASICMiner and don't seem to mind at all promising to buy cheap shares from me.
No problem! However, please take no offence, but I don't understand why I should invest in selling puts when just buying more shares at current price will earn me more dividends... Am I missing something? Ok there is a little bit of diversification, but not so much, since after all the security is the same one... |
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I sure hope your luck will last.
As a just-dice small investor, I certainly hope it won't last that much : P |
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I've never bought or emitted options so far, but the offer is interesting and I'm considering it. btct offers 84d (i.e. 12w) options. However I've made some calculations, and locking 2.3 BTC for a 0.2 premium equals to a weekly gain of 0.01666667, which I think will be lower than the dividend that AM will pay during this period (assuming 0.0290 weekly dividends, that would be 0.01957273 adjusted to what I could buy now with 2.3 BTC), so I could as well buy some AM-PT shares with those coins and have a higher return. Would you accept either: • 84d, 2.3 strike, 0.28 premium • 56d, 2.3 strike, 0.16 premium ? |
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The internet in 1973 (back then known as ARPAnet) was still only used by researchers. It took 20 more years before the internet was adopted by the first "ordinary" users (geeks with 14k4 baud modems). 7 more years before it entered the mainstream.
Let's hope it doesn't take that long for Bitcoin to become widely adopted. In recent decades progress took much less time to reach fruition.
Nice observation, it would be very nice to have some numbers about that, such as the estimated users of ARPAnet/Internet over the years, along with the estimated Bitcoin users over these years. (yes I know it's not trivial to estimate Bitcoin users, and I've no idea if somebody ever tried to do such a thing with any accuracy with Internet users) |
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I never heard that. Presumably he just had something that looked like a pop tart. lol |
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Don't think so. Everybody is loading up while waiting for Gox to accept it just Jesus is coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.
Did you set yourself a time limit for that? |
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Actually no - it's wrong
*1.002 on buys, *.998 sells.
You were applying 2% not 0.2%.
Oh, thanks, fixed! |
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If coinlenders were to default then we'd lose the principal - not just the interest. So I'd have to be marking it down immediately to reflect the risk of that.
By the same token I should make down ALL the capital as if BTC-TC defaults we lose it.
[...]
Ooh, true, that makes sense, my bad! I'm also not sure the arbitrage calculation is taking into account losing 0.2% to transaction fees on every buy of PURCHASE and sale of MINING.
Done, and accounted for the fee on buying SELLING too. Hoping I've done everything right (*1.02 buys, *0.98 sells, is that correct?). |
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Coinlenders will have the interest calculated and applied daily (we get it all at the end of 30 days but it would be wrong not to add it until then - as we'd be selling new PURCHASE too cheaply).
Please pardon my noobness, but I don't get it. The (of course remote) risk with Coinlenders, is that they default the payment. So, until they have actually paid us back, we would be still running that risk. When they pay back, that risk is averted. So it would make perfect sense to have PURCHASE cheaper until they paid back, because they would be still under the default risk. |
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If I am wrong, educate me: Isn't it irrelevant whether it's one hour and 6 confirmations or one hour and 6000 confirmations with regard to security?
+1 |
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I'm still buying about 7 more ASICMiner-PT put options.
Strike: 2.3 BTC
Exp: ~90 days
Premium: 0.2 BTC
(again, I am buying puts, you would need to write them)
Pardon my noobness. You are paying 0.2 BTC to have the right to sell 1 AM share at 2.3 BTC, right? This means that if AM goes down to 2.3 you'll exercise the put option, and sell the share to whoever issued the option, and this also means that if it doesn't go down to 2.1 you'll have realised a loss. Did I get it correctly? |
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I have never seen a coin yet that almost every reply is rude and hurtful. Same on you cryptocoiners what we need is to all work together. I think that any interest in cryptocurrency, including making clone coins, is good for everyone. It brings interest to cryptocurrency as a whole. So good on you mastercoin, stay positive!   "working together" is quite the opposite of "releasing anonymously a clone coin" |
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More the merrier  Putting my address too just in case K4L4JrWYJX6EwHkjtiD1fnjRgkmk9iFV9U "Just in case" what? There is a specific givaway thread, you know that, and you are going to pollute the main thread anyway? Unbelievable... |
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Would you all PLEASE STOP FEEDING THE FUCKING TROLL?
This thread has gone to shit again due to you replying to him. Just ignore him and keep on speculating on real stuff.
For fuck's sake that's one of the oldest Internet techniques to fuck up a discussion, and you are all falling to it!
Push that fucking ignore button and go on!
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