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June 04, 2013, 11:20:19 PM |
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Is the a Binary Option for BitCoins right now? if not, i would like to start one!
Wikipedia: When buying a binary option the potential return it offers is certain and known before the purchase is made. Binary options can be bought on virtually any financial product and can be bought in both directions of trade either by buying a “Call”/“Up” option or a “Put”/“Down” option. This means that an investor can go long or short on any financial product simply by buying a binary option. Binary options are offered against a fixed expiry time which may be e.g. 60 seconds and up to 30 minutes, an hour ahead or to the close of the trading day. Binary options once bought cannot be resold before the expiry time is reached.[1]
For example, a purchase is made of a binary cash-or-nothing call option on XYZ Corp's stock struck at $100 with a binary payoff of $1000. Then, if at the future maturity date, the stock is trading at or above $100, $1000 is received. If its stock is trading below $100, nothing is received.
How it works: Up to 85% profit in less than a day Invest as low as 0.1 BTC!
Choose the direction (Up or down), set the time and amount you want to invest, and trade.
Example: 85%
as of now= $120.99994 I 1. choose a Put option (down, meaning that the price will go down) 2. set duration to 30 minutes, and 3. invest 1BTC
If the price of BTC is less than $120.99994 in exactly 30 minutes the trade is in the money ( i get 1.85BTC) and if its more than the current price its out of the money (i get nothing). $120.99993 = Win ------ $120.99995 = Loose
Tech info:
I have a developer on hand and I can develop the service (highly secure and reliable) within 1-2 months and Bitcoin price will be sourced from Mt.Gox. in real time. I also have around 2 years experience in binary options (as an ex-trader and affiliate)
Marketing:
Free bitcoins as a means of getting press, users and attraction. And affiliates, plus advertising.
Affiliates:
Affiliates earn 30-50% of the site commissions with unlimited earning potential.
What do you think about this? Any comments/suggestions? Would you use it/suggest it to others?
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