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Author Topic: I need some beta testers for binary options testing  (Read 757 times)
bitoption
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June 10, 2011, 04:28:07 AM
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I need some beta testers for Binary options trading on bitoption.org.

It's MOSTLY done, and I'd like to see some trading on it, just a little before I go more broadly.

If you don't know what a binary option is, it's a very simple derivative; you purchase a 'call' or a 'put' at a point in time. If, at the close date, the underlying security is above the price at your point in time, and you bought a call, you get a certain payout. (Roughly 155-160% likely in this case). If not, you get nothing, it expires out of the money.

A put would payout the same if the price was below.

I have a few things I'm worried about doing this including server load, and I'd like to open it up slowly; PM me or respond here if you're interested.

You'll need a funded bitoption account, but those are easy to get, of course. Smiley

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

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gofastscottb
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September 16, 2017, 06:45:23 PM
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I am currently using a couple of other Binary Option companies. One is with Crypto currencies. I went to your site & I see you are in the UK. I don't see any terms & conditions. The platform I am using now can basically do what ever they want as stated in their Terms. So my problem with them is if you start winning trades, they start turning the platform off so you can not place a trade. I call them & they turn it back on for me, however they turn off all the trading times I used to be profitable. They did this 2 days in a row with me. So on BTC the shortest time I can now trade is 2 hours. Needless to say I am looking for a new company. If you need a Beta Tester I have experience with 5 Different Binary Options companies over the last 4 years. Let me know.

Thanks,
Scott
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September 16, 2017, 09:04:25 PM
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I need some beta testers for Binary options trading on bitoption.org.

It's MOSTLY done, and I'd like to see some trading on it, just a little before I go more broadly.

If you don't know what a binary option is, it's a very simple derivative; you purchase a 'call' or a 'put' at a point in time. If, at the close date, the underlying security is above the price at your point in time, and you bought a call, you get a certain payout. (Roughly 155-160% likely in this case). If not, you get nothing, it expires out of the money.

A put would payout the same if the price was below.

I have a few things I'm worried about doing this including server load, and I'd like to open it up slowly; PM me or respond here if you're interested.

You'll need a funded bitoption account, but those are easy to get, of course. Smiley

Just a few questions before I test this out. Obviously, there's going to be some risk involved with a funded account:

1. Shouldn't the payout be closer to 2 if it's going to be the same for either call or put? Or is there something I don't understand about 1.5/1.6.
2. What would the min/max be, and what are the limits we need to be aware of? (Max # bets, max same type, etc.)
3. Auto payouts?

PM me a page/link to try. I'll reply with further qs.

wearepoor
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September 18, 2017, 04:59:21 AM
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PM me if you are still looking. Maybe I can help:)
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