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My 0.0003 is gone from my exchange.SatoshiOption wallet. I was almost a millioner... but on my next visit i saw "click to start trading now", and my deposit address changed and its zero balance. I was sending coins on 1M93mNvnjFBtiws7QP2ZFVB3CAm2Sxg2i6. Is is a technical issue?
Hello nextme, Our wallets expire after 24h. The coins should have been returned to your original depositing address.
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Dear Satoshi Option users, Having listened to your feedback over the last few months, we are very happy to announce that we have released a beta version of our betting exchange - Satoshi Option Exchange (SOX). https://exchange.satoshioption.com/In the past, our users have suggested that we offer something akin to the CBOE (Chicago Board Options Exchange). SOX is not too dissimilar to this. In particular, one user suggested that we implement a binary option exchange. This is exactly what we did. Also, we have taken on-board the fact that our users would like a slightly longer option duration (suggested here and here - the initial option duration is 1 hour USD/BTC. More will be added based on feedback. The Satoshi Option Exchange (SOX) provides trading facilities allowing users to place bets on the price of BTC/USD using Bitcoins safely, securely and quickly. As a user, you can make odds for others, or take odds that others set for you. This open-market betting affords users the best possible market returns, since odds are not set by the house, or by a bookmaker. Instead, they are set by other users in real-time. It is a market, so odds will change 'in-play'. We hope you enjoy this new experience, and look forward to your feedback. The Satoshi Option Team
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where are you from???
Neverland
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Would it be possible to implement a money line?
The money line would be great for taking screen shots for trade journals and/or posting to trading forums. This would offer up a bit more of a chance for promotion even without a affiliate program. As it is currently there isn't a way to verify a wining trade visually aside from the WIN/LOSE indicator
Are you referring to a spark-line style chart that would accompany each bet in the history? ( http://en.wikipedia.org/wiki/Sparkline) Or money-line betting? ( http://sportsgambling.about.com/od/sportsgambling101/a/intromoneylines.htm)
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Satoshi Option, I send u a pm about I place a bet and the time it co-related to was suppose to win but your block chain did not show up my entry even after 1 Confirmation. Do check , I send you about this when you was online yesterday but you did not reply me, Hope your site is Legit and not a scam. I just made a deposit here https://blockchain.info/tx-index/4902821c91047d957b097e72fade3bde0de9446e1940f8526eaa2b03b9b3f140But the problem is I buy BTC/USD up, however it not shown up at recent transaction of satoshi option. I send from my wallet 1Jd5kwe9kR1zab1hPks5awdVGYWzCRS56z Hi baokychen, The transaction you've referenced is an automatic bounce back from our wallet - this happens when trading on that particular option is closed. Always check the site to make sure trading is open before you bet. (It's possible that trading was closed just as you sent your coins... there's nothing much we can do in this case except apologise for the lost transaction fees) Satoshi Option
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Down for maintenance or gone for good?
We had a database connectivity issue, now fixed. Bet away friends!
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any clue about when longer option will be opened?
Very soon. We're nearing completion of Satoshi Option Exchange, which will give better odds (set by the market) on longer timeframes.
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We've now refunded the two 0.1btc transactions which were missed.
We're working on getting you your private key for the other wallet - this isn't trivial though as they are stored encrypted in our database, so we need to write the routine to display these in standard importable format. We'll keep you updated.
Thanks for your patience!
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Hi masterbobin, Yes we can refund the two transactions which our worker failed to pick up, but before I do, did you deposit these from your own personal wallet which supports reverse tx? I don't want to gift the money to MtGox or similar! Which leads me on to the successful withdrawal: was this sent from an exchange? If so you'll need to check with whoever owns the address the initial deposit came from. The withdrawal was sent out to that address, and is irreversible. https://blockchain.info/tx-index/109605067I can provide the private key of your SatoshiOption wallet if this is required for proof of ownership. Sorry, and good luck. SatoshiOption
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We've resolved the problem - the balance should now be available in your wallet. Sorry again for the delay.
If you've lost your wallet secret, let us know and we'll withdraw your balance for you.
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Hi Damanuelman,
We're looking into this now - watch this space. Sorry for the delay.
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*facepalm*
Please bear with us while we investigate...
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Hi there, Very sorry for the delay - we've now refunded your money along with a 10% tip for your troubles. https://blockchain.info/tx/1f6d0ce33d2503aa072a9f90fca4934d6e7d58f1f81e72e7e5a72d066cb5e111We suspect this was caused by a blockchain connection outage on our worker, which happened to correspond with the time you placed your bet. We've since improved the reconnection logic - any transactions which were missed during an outage will now be automatically refunded. Thanks, and sorry again! SatoshiOption
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Hi all!
It has been a long time coming, but we're proud to announce a huge new feature today - on-site wallets. This is the first big step in implementing our binary options exchange.
With our on-site wallet, you deposit funds by transferring money to your own personal address. Your balance is available after two confirmations. You can then trade instantly on site - no more messing around copying addresses.
You can withdraw your balance at any time, with no fees from us. Your balance is auto withdrawn after 24 hours, so your coins are safe even if you lose your unique URL.
We're excited to see what you make of it. Give it a go, and watch this space for the exchange!
The SatoshiOption Team
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Thanks for the feedback BitCoinPokerBro, very interesting and matches with our developments. 1. What is the problem with implementing longer term trades? I and most others traders will not trade 60 second intervals gamblers on the other hand probably don't have a problem with it. Back in march you'd been considering implementing longer TF trades it's been almost 3 1/2 months with no improvement.
The primary reason is because we're building a fully fledged OTC Options platform and exchange and will depreciate this; we've just done enough to keep it up and maintain some interest while we work on the bigger platform. 2. As someone said on the first page. No deposit only per trade based transactions which means fee's per trade. This is not a satoshidice type game it's a trading platform and as such traders should have access to their funds and be able to trade instantly instead of waiting for transactions to go through then have to pay a fee on every single trade. BTW I wouldn't mind paying a withdrawal fee just every trade lol. Agreed, it's been in the plans for some time - this will be implemented in the new platform, and we might trial the code on the existing website. We'll update this thread when we go live. 3. BTC/USD @ 1.5? 1.5 return is unheard of in the options market a few years back 1.6 was OK but the standard was 1.7 nowadays the standard is 1.75 with most brokers offering 1.75-1.85 variable return throughout the day.
We offer fixed 1.7 on fiat currencies, commodities and NASDAQ. The 1.5 in Bitcoin is our choice while we are in beta mode. Regardless, this will become moot with the exchange implementation. I think everyone will love it when they see it.
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The site is currently a manipulable gambling site. What's the max bet? Would be much better as a binary exchange, where you'd trade on anything and users sell contracts at their own prices.
Please remember that the price feed - specifically how it's aggregated and calculated - is public; you can run this yourself to get precisely the same price as we publish. I mentioned this because it proves that the price is independent and obviously, therefore, not manipulated. Check the start of this thread for more information. However, great minds do often think alike. Your suggestion of a binary exchange is something we've been working on. You've let the cat out of the bag a little bit, but that's OK. We do agree, that this will be a much better option. More updates on this to follow. However, while we're working on this new system of an exchange similar to what you have described, we have made some updates to the existing website - The site is now served through SSL, in preparation for future updates where communication with our server should be secure - We have added more assets: GBP/USD, EUR/GBP, USD/JPY, Gold, Silver, Crude OIl, Nasdaq - We have updated the maximum bet from 0.1 to 0.25 BTCThanks for the continued feedback. Will keep you posted on the exchange.
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one question regarding the maximum bet size: if I send a bet of 0,1 BTC and than another one of 0,1 BTC before the first expires; what will happen?
We only allow one bet per instrument and duration at a time. Your second transaction will be refunded immediately (minus the standard Bitcoin transaction fees).
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