Make 20x profit in 30 minutes

[wangxinxi]

OK, it seems that you guys are all ver interested in this. Our original thread is here: https://bitcointalk.org/index.php?topic=821889.0
But that thread was written for traders. For you guys, I want to make things simpler here. Please check the first post of this thread. I just updated it.

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[Joca97]

It's a nonlinear product. There is no need for leverage. You just need to predict whether it is going to reach a certain price level.

No leverage can make 20x profit in 20 minute. I dont believed its impossible
Can u post screen shot who can make it only 30 minute.

It's basically gambling. You can make 36x profit in a minute on a roulette table if you pick the right number.

It would help if OP made it clear that it's a risk, not a guaranteed 20x, but I think most people will understand that.

That makes it a little clearer for me,in first when i seen the subject i touth it was guaranteed 20x win
But now i see it isnt,looks to me like those site upanddown something like that

[WhatTheGox]

It's a nonlinear product. There is no need for leverage. You just need to predict whether it is going to reach a certain price level.

No leverage can make 20x profit in 20 minute. I dont believed its impossible
Can u post screen shot who can make it only 30 minute.

It's basically gambling. You can make 36x profit in a minute on a roulette table if you pick the right number.

It would help if OP made it clear that it's a risk, not a guaranteed 20x, but I think most people will understand that.

+1 you dont have to advertise a gambling site as a way to make profit.  People are happy to gamble knowing the house has an edge just because they like to be entertained.

[shanem]

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

[wangxinxi]

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

[xiionqz]

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

where can i learn about it?
is it hard?

[wangxinxi]

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

where can i learn about it?
is it hard?

Let's take a CALL contract as an example. The basic idea is that the correct price should be the probability that it goes above the strike price times 0.01 BTC.

So if right now the price is 236.61, if you select 236.75 as the strike price and you estimate the probability that it goes above 236.75 is 0.2, then the price should be 0.2*0.01 BTC. If you find the market price lower than 0.2*0.01, you can then confidently buy. Maybe you lose one or two times, but if you do this frequently, you will find that you are making money consistently.

It is not difficult. But it takes a little time to learn the skill. I am sure that after trading a few times, you will know what I am saying.

[Miss Fortune]

so basically this is like daytrading?

[vendetahome]

wait so isnt it just an investor based game as people buy contracts (invest) and either win or loose? in my opinion it should be in investor games

[Havelivi]

wait so isnt it just an investor based game as people buy contracts (invest) and either win or loose? in my opinion it should be in investor games

no that is not a investor base games that is binary option trading and that is very simple method of trading just put and call option, if you have little knowledge of bitcoin price if it goes up or low than you can make nice profit from this method but keep in mind that is pure gambling.

[wangxinxi]

wait so isnt it just an investor based game as people buy contracts (invest) and either win or loose? in my opinion it should be in investor games

no that is not a investor base games that is binary option trading and that is very simple method of trading just put and call option, if you have little knowledge of bitcoin price if it goes up or low than you can make nice profit from this method but keep in mind that is pure gambling.

I would not say it's PURE gambling as I explained in the first post of this thread.

[agustina2]

how long it takes to withdraw? wait 5 hours ago and still processing..

[wangxinxi]

how long it takes to withdraw? wait 5 hours ago and still processing..

We do not use hot wallets and manually process all withdrawals in a few batches everyday because as we know nearly all hot wallets in all big sites were hacked. This is safer but also slower.

[xiionqz]

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

where can i learn about it?
is it hard?

Let's take a CALL contract as an example. The basic idea is that the correct price should be the probability that it goes above the strike price times 0.01 BTC.

So if right now the price is 236.61, if you select 236.75 as the strike price and you estimate the probability that it goes above 236.75 is 0.2, then the price should be 0.2*0.01 BTC. If you find the market price lower than 0.2*0.01, you can then confidently buy. Maybe you lose one or two times, but if you do this frequently, you will find that you are making money consistently.

It is not difficult. But it takes a little time to learn the skill. I am sure that after trading a few times, you will know what I am saying.

thanks for reply
will definitely try later

[cazkooo]

how long it takes to withdraw? wait 5 hours ago and still processing..

We do not use hot wallets and manually process all withdrawals in a few batches everyday because as we know nearly all hot wallets in all big sites were hacked. This is safer but also slower.

You are wrong about this because you do use hot wallet ofcourse but you are not using automatic withdrawal. Hot wallet is a wallet that is connected to the internet, if you are using cold wallet to keep on send the fund then it will take a lot of time to download the block again.

[wangxinxi]

how long it takes to withdraw? wait 5 hours ago and still processing..

We do not use hot wallets and manually process all withdrawals in a few batches everyday because as we know nearly all hot wallets in all big sites were hacked. This is safer but also slower.

You are wrong about this because you do use hot wallet ofcourse but you are not using automatic withdrawal. Hot wallet is a wallet that is connected to the internet, if you are using cold wallet to keep on send the fund then it will take a lot of time to download the block again.

Our wallet is not connected to the internet. So it is a cold wallet. The machine storing the cold wallet does not need to download the blockchain. It's only used for signing transactions. We have an online machine with a full copy of the blockchain and all the addresses in our cold wallet. But that's only used for monitoring and creating unsigned transactions. I don't know what is wrong here.

[adaseb]

how long it takes to withdraw? wait 5 hours ago and still processing..

We do not use hot wallets and manually process all withdrawals in a few batches everyday because as we know nearly all hot wallets in all big sites were hacked. This is safer but also slower.

You are wrong about this because you do use hot wallet ofcourse but you are not using automatic withdrawal. Hot wallet is a wallet that is connected to the internet, if you are using cold wallet to keep on send the fund then it will take a lot of time to download the block again.

Our wallet is not connected to the internet. So it is a cold wallet. The machine storing the cold wallet does not need to download the blockchain. It's only used for signing transactions. We have an online machine with a full copy of the blockchain and all the addresses in our cold wallet. But that's only used for monitoring and creating unsigned transactions. I don't know what is wrong here.

I asked this earlier and didn't get a reply. Will you be adding additional pairs like EUR/USD, GOLD, or any other pairs besides BTC ?

[wangxinxi]

how long it takes to withdraw? wait 5 hours ago and still processing..

We do not use hot wallets and manually process all withdrawals in a few batches everyday because as we know nearly all hot wallets in all big sites were hacked. This is safer but also slower.

You are wrong about this because you do use hot wallet ofcourse but you are not using automatic withdrawal. Hot wallet is a wallet that is connected to the internet, if you are using cold wallet to keep on send the fund then it will take a lot of time to download the block again.

Our wallet is not connected to the internet. So it is a cold wallet. The machine storing the cold wallet does not need to download the blockchain. It's only used for signing transactions. We have an online machine with a full copy of the blockchain and all the addresses in our cold wallet. But that's only used for monitoring and creating unsigned transactions. I don't know what is wrong here.

I asked this earlier and didn't get a reply. Will you be adding additional pairs like EUR/USD, GOLD, or any other pairs besides BTC ?

Sorry, sometimes I am too busy and may not be able to check every replies. Yes, we may add EUR/USD or GOLD pairs. But we need to find market makers for those pairs first. Otherwise there will be no liquidity.

[Indamuck]

How do we calculate the price index?
We obtain the top bid and ask price ticks from Bitfinex, BTC-e, and Bitstamp every 2 seconds (We will increase the frequency later and if you have better suggestion, please let me know). Suppose they are Bid1, Ask1, Bid2, Ask2, Bid3, and Ask3 respectively for the three exchanges. And then we calculate the index as (Bid1 + Ask1 + Bid2 + Ask2 + Bid3 + Ask3)/6.

Thank you for this ... I hope you keep developing the product. Several improvements include:

1. A way to download trading/performance history to excel.
2. A better 'open positions' window - I have too many positions and the window is all but useless for me.
3. Present each customer with their trading performance statistics in some manner.
4. Show volume and open interest in each contract.

**On a daily basis it would be nice if, like all futures exchanges, you reported volume, and open interest by contract. Or allowed customers to see that on a real-time basis. It is very important data, particularly if one is considering a large position ...

[Indamuck]

I asked this earlier and didn't get a reply. Will you be adding additional pairs like EUR/USD, GOLD, or any other pairs besides BTC ?

Yes, we may add EUR/USD or GOLD pairs. But we need to find market makers for those pairs first. Otherwise there will be no liquidity.

I think a better move would be to launch a btc futures contract with small tick size, and apply portfolio margining between futures and vanilla options. This would be a boon to your trading volume and customer interest, I think. (Maybe make them 'options-on-futures' instead of index options, if that is easier.)