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Author Topic: Bitcoin Binary Options Prices: 28%-38% Chance We're Over $250 on May 31st  (Read 396 times)
Endless Light
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April 09, 2013, 10:47:50 AM
 #1

http://i.imgur.com/5BNxeKe.png

https://demo.igmarkets.com/dealing/pd/index.htm?201303201837

Look under the "Binary Specials" market in the above link or just search for "Bitcoin". We're going mainstream.
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April 09, 2013, 10:56:29 AM
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I was afraid this would happen.. This has quite some potential to blow up in everyone's faces  Tongue
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April 09, 2013, 11:01:36 AM
 #3

Not available on the NADEX demo site yet (which is where I'm redirected to based on geography)

"...as simple as possible, but no simpler" -AE
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April 09, 2013, 11:14:54 AM
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Not available on the NADEX demo site yet (which is where I'm redirected to based on geography)
The market is not too liquid so you're not missing much.
ThePok
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April 09, 2013, 01:37:51 PM
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Cant someone buy a million 250$+ contracts and than push the prie on mtgox over 250? This seems verry simple to do ?!?
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April 09, 2013, 01:52:47 PM
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They wouldn't allow you to buy that many contracts as they probably hedge their positions with bitcoins from Mt Gox...
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April 09, 2013, 01:58:23 PM
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At current prices it would take $2M to get it past $250 on MTGOX.  You would then have to maintain it at that price for 2 months which is likely to require a considerable amount of capital as people try and lock in some profit on their side.  Equally I'd image there are some sort of limits on the spread betting site as to how much they'd accept on this market.
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