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Guys, we are so excited that we are right now sitting in the office of BoostVC - the best accelerator for Bitcoin startups. Many interesting thing will happen. Stay tuned!
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Unable to login at the moment. Is the site down? Anyone else logged in? I was logged in about 12 hrs ago ...
I do see that 24 hr volume has fallen to about 12k so it looks like the site might be down for everyone?
I was unable to login this morning (about 7 hours ago) - logged in OK just now, though. The site was a bit odd yesterday - it looked like it was offline, but was still online if you know what I mean. Sorry, yesterday we did find some bugs in the site but we've fixed them. Now everything is OK. |
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Unable to login at the moment. Is the site down? Anyone else logged in? I was logged in about 12 hrs ago ...
I do see that 24 hr volume has fallen to about 12k so it looks like the site might be down for everyone?
Thank you for notifying us. It's solved. You can login now. |
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Guys, the rates are updated based on the current signature campaign market condition. Hope that you can understand. Thanks.
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So there's another futures and options exchange being launched.
quedex.net
They're implementing European options. Currently they only have weekly options (and it's currently fake in contest mode)
And everything is denominated in USDmBTC which is extremely annoying.
Good to see another one coming up. Let's educate Bitcoin users together. |
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Guys, now you can buy PUT options to insure the value of your Bitcoins through our new interface: https://coinut.com/insuranceYou don't need to sign up or login. You just need to fill that form. |
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Do you give any leverage for trading ? how many is the maximum ?
Options themselves are already highly leveraged. You probably don't need additional leverage. |
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Andy, For a reference index you might take a look at XBX maintained by Tradeblock: https://tradeblock.com/markets/indexBitmex just told their customers (in chat) that they are preparing to adopt XBX and will make the switch soon. It seems cool. I'll check whether this is reliable or not. Thanks. |
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if you tell your users that you use it when it is up, you must use it when it is up. and you must not use it when the servers are down. otherwise you are committing fraud. it does not matter if their servers are intermittently up and down, you must keep update your index in realtime, which you are not doing.
Nobody is manually controlling it to make it up or down. It's the program itself that detects BTC-e.com is up or not. There is no manipulation here. You may have bought some puts so you complain here. But what if you have bought some calls? Everyone is experiencing the same problem. But this is much better than using only one exchange, which then becomes a single point FAILURE. It doesn't matter if anyone is intentionally manipulating it or not. If you tell your users you will calculate the index one way, and then you actually calculate it another way, it is fraud, regardless of intent. I am glad to see btc-e has been removed, as this will help fix the problem, but Indamuck is right. No serious market maker will come close to this unless there is a verifiable third party index being used. Because I am calculating the index much closer to real time, using sockets where available and polling every .2 seconds, and your index is usually very delayed. This kind of misrepresentation of the actual index will prevent any legitimate institutional investing from occurring on your site Thank you and Indamuck, we will definitely find a way for this problem and make the index unbeatable. |
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Nobody is manually controlling it to make it up or down. It's the program itself that detects BTC-e.com is up or not. There is no manipulation here. You may have bought some puts so you complain here. But what if you have bought some calls? Everyone is experiencing the same problem. But this is much better than using only one exchange, which then becomes a single point FAILURE.
The ideal solution, and the only real long-term solution, is to use a robust, respected third party index. Yes, you will likely have to pay some licensing fee, but it will raise the legitimacy of your product and help you grow volume. I work with some professional hedge fund managers ... and they wouldn't take this 'exchange' seriously until you've made these types of upgrades. You might look to add someone to your team who has direct experience launching & managing new products on a derivatives exchange. I know Singapore Exchange has been struggling to launch a number of contracts over the years ... some have gained traction while most have floundered. Still, the experience people gain developing and launching those products might be valuable to you. Ideas are cheap, I know ... lol. Just removed BTC-e.com. They are ridiculous today. |
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if you tell your users that you use it when it is up, you must use it when it is up. and you must not use it when the servers are down. otherwise you are committing fraud. it does not matter if their servers are intermittently up and down, you must keep update your index in realtime, which you are not doing.
Nobody is manually controlling it to make it up or down. It's the program itself that detects BTC-e.com is up or not. There is no manipulation here. You may have bought some puts so you complain here. But what if you have bought some calls? Everyone is experiencing the same problem. But this is much better than using only one exchange, which then becomes a single point FAILURE. |
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they are currently not pulling from btc-e, even though it is up, that is fraud. affecting the price index by about 2 dollars
Don't a lot of resources that average Bitcoin exchange rates exclude BTC-E? The site has a pretty poor reputation, and isn't the most reliable site either. Honestly, I don't see the problem. Yeah, btc-e.com is quite unreliable. Its API service was down during the last few minutes because their DNS service got some problem. We may consider removing btc-e.com in the future. |
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The spread for 30-minute binary options has been reduced significantly. Enjoy trading!
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Regarding spreads it really depends on order flow. There's really a lot of risk with binary option makers because they don't know which direction it's going to go and it's hard when they're trading with people who are really good at predicting direction.
Basically the prices reflect the uncertainty in the market maker, and it's really uncertain.
But, if there's enough orderflow, enough people choosing to go short and long in a short time frame. I would think that the market maker would be able to lower their spreads. They would price it so that they'd want to be closer to a neutral hedge. If everyone is trying to buy long calls, they'd make those more expensive, and they'd make puts cheaper to buy.
You seem pretty good at it. Why not become a market maker of us? |
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it should be a mistake. izanagi, can you recount it?
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Guys, I am too busy. From now on, izanagi will help me manage this campaign. Thanks.
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Guys, will update it and pay you guys today. If anyone wants to be a manager please contact me, I am too busy recently.
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Wide spreads signify markets that have low liquidity. Just because another site has wider spreads doesn't mean wide spreads are okay. Would be nice to see tighter spreads. Very little volume for the 30 minute binaries.
It's extremely hard to market make binary options. That's why there's big spreads. Maybe if it's extremely liquid it might be possible. Anyways I don't find the spread a problem. It's not that hard to make money on them. Chris, you are absolutely right. It is extremely hard to make the binary options market especially for Bitcoin. That's the only reason for the spread. Market makers also want to gain more volume and make money. They just need to invest a lot of time to polish their pricing models to offer tighter spread. |
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