bitoption (OP)
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June 06, 2011, 03:41:00 AM Last edit: June 18, 2011, 09:08:26 PM by bitoption |
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Hi all, I'll be keeping track of bitoption up and down notices here.
Back up from our DDOS attack. Hopefully that's it for now.
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bitoption (OP)
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June 06, 2011, 07:26:17 AM |
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Update: We're up, and (I think, looking good). Are you short bitcoin? You can come take 2 BTC off me by buying me July 28 Calls. They'll expire out of the money if BTC are under $20 US per. https://bitoption.org
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bitoption (OP)
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June 09, 2011, 10:30:00 PM |
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I'll be taking the market down for 20 minutes or so shortly to switch over the default system to price USD-BTC, not reverse.
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bitoption (OP)
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June 09, 2011, 10:52:47 PM |
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Update, all this comes from wanting to denominate prices in BTC.
Flipping calls / puts is fine, but consider, how will they be denominated? If in BTC, then 1 unit = 1 BTC, what people are imagining. But, you can't then PAY in BTC for the puts/calls because you have weirdly non-linear payout streams.
The right thing to do is charge in USD for these options. It's going to take a little more time than 20 minutes, though. Sorry. We have a few outstanding options; you'll be contacted to see what you'd like to do with them.
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bitoption (OP)
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June 10, 2011, 12:11:40 AM |
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Market is up. It now works like everyone thought it should the whole time. Enjoy!
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FreeMoney
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June 10, 2011, 09:24:41 AM Last edit: June 10, 2011, 10:05:23 AM by FreeMoney |
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Getting this for balance: {"obligations": {"msg": "Obligations includes all written unexercised contracts", "usd": "0", "btc": "0"}, "balances": [["BTC", "0.000000"], ["USD", "0.000000"]]}
after 8 confirms.
edit: showed up, is it really that many confirms required?
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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Enky1974
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June 10, 2011, 11:46:40 AM |
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my call disappeared but in my balancethe money is missing, i've [["BTC", "0.717200 i bought 1 call for 0.28 (strike 20 for 28 july) that now doesnt show up under my contracts what happened?
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bitoption (OP)
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June 10, 2011, 02:42:08 PM |
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Enky,
It should still be in the system; I didn't wipe any purchases contracts. PM me with your login info or mail met at admin@bitoption.com; I can't match your name here to any logins on the exchange.
Also, we can review your entire balance together since every transaction is logged, and make sure you've got everything.
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FreeMoney
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June 11, 2011, 02:28:13 AM |
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How to cancel an offer?
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bitoption (OP)
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June 11, 2011, 04:34:17 AM |
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Right now, API, or PM me. In the next 12 hours, there should be a web interface.
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FreeMoney
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June 11, 2011, 09:22:44 AM |
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Right now, API, or PM me. In the next 12 hours, there should be a web interface.
Oh, okay. It's not a big deal. I don't mind the offer I made, just wanted to make a different one and solved that problem by depositing more.
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bitoption (OP)
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June 12, 2011, 05:46:18 AM |
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Canceling and Exercising is up and running; login and click "My Contracts."
(Did I really sell $45 july 28 calls a couple days ago? Wow!)
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FreeMoney
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June 12, 2011, 05:42:23 PM |
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Canceling and Exercising is up and running; login and click "My Contracts."
(Did I really sell $45 july 28 calls a couple days ago? Wow!)
Exchanging to USD seems to fail without giving any message.
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FreeMoney
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June 13, 2011, 12:21:25 AM |
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Works now, I figured out that MtGox was down, that's all. Still it should mention the failure. I didn't know if it was no go or slow go or what.
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bitoption (OP)
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June 13, 2011, 01:58:25 AM |
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Thanks for the update. Yes, we rely on Gox, and should have better error messages there. Sorry if it was an untimely difficulty. Kind of a crazy trading day today!
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DamienBlack
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June 13, 2011, 05:07:05 AM Last edit: June 13, 2011, 05:20:17 AM by DamienBlack |
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Hello, I sent in 2 btc, and they haven't shown up yet even though there are 8 conformation. I'm not really that worried, but I wanted to report a bug. When I click "balance" I just get a box that says
{"obligations": {"msg": "Obligations includes all written unexercised contracts", "usd": "0", "btc": "0"}, "balances": [["BTC", "0.000000"], ["USD", "0.000000"]]}
I was also wondering, when I exercise a call, do I have to have the USD to buy in my balance or do I get a chance to immediately liquidate the BTC and pay out of that?
EDIT: The bitcoins showed up, thanks. But I could still use an answer about liquidation.
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bitoption (OP)
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June 13, 2011, 05:37:24 AM |
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Hi Damien,
Welcome!
You need the right currency to exercise, but you could rinse/repeat/cycle if you only have enough to do one at a time; so, exercise one, sell BTC, exercise one (or two), repeat.
We may eventually allow netting, but I need to make sure that the exchange doesn't take on exchange risk doing that.
Enjoy, and happy trading!
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DamienBlack
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June 13, 2011, 05:47:51 AM |
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Ok thanks. I'll keep that in mind as I trade.
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bitoption (OP)
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June 14, 2011, 01:56:36 PM |
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Our Site is down while Gox gets back on its feet post-DDOS.
Normally we can function in 'reduced functionality' mode, but the error checking isn't quite good enough to catch the current circumstance.
Updates here as it comes.
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bitoption (OP)
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June 14, 2011, 02:19:50 PM |
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Back up.
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