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Author Topic: [ANN] Coinut.com - The only Bitcoin Options Exchange [beta]  (Read 34140 times)
wangxinxi (OP)
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July 06, 2015, 11:00:59 PM
 #221

hi i transfer some btc to my account, but my balance still shows 0.0 after 30 minutes,
how much time it takes to process ? Thanks.

my account is ssstand

It usually takes about half an hour or a little longer to confirm. Your withdrawal arrived a few hours ago. Please check. In the future, you can use blockchain.info/address/{your deposit coinut address} to see the number of confirmations.
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July 07, 2015, 12:58:42 AM
 #222

Hi guys, sorry for the recent shortage of liquidity for some of the binary options. One of the market makers felt it was too risky due to the big fluctuations a few days ago. But now we have discussed with him and he just turned back, and he promised not to do so in the future and he is also improving the market making program to make it more robust. Anyways, we will try our best to find more and more good market makers for you guys to trade with.

BTW, for vanilla options, we will release straddle or strangle shortly, so you can directly short or long volatility. Stay tuned!

What exactly constitutes a "promise" from the market maker? Is there some sort of contract? Some penalty to the market maker for leaving? Or is it just the word of the market maker? Because in that case then you don't have a reliable market maker.
wangxinxi (OP)
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July 07, 2015, 01:12:48 AM
 #223

Hi guys, sorry for the recent shortage of liquidity for some of the binary options. One of the market makers felt it was too risky due to the big fluctuations a few days ago. But now we have discussed with him and he just turned back, and he promised not to do so in the future and he is also improving the market making program to make it more robust. Anyways, we will try our best to find more and more good market makers for you guys to trade with.

BTW, for vanilla options, we will release straddle or strangle shortly, so you can directly short or long volatility. Stay tuned!

What exactly constitutes a "promise" from the market maker? Is there some sort of contract? Some penalty to the market maker for leaving? Or is it just the word of the market maker? Because in that case then you don't have a reliable market maker.

Yes, we have a contract. You requested to show how we calculate the price index. We will show you in realtime the ticks of the three exchanges and the calculated average together so you don't have to worry again.
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July 07, 2015, 01:36:36 AM
 #224

hi i transfer some btc to my account, but my balance still shows 0.0 after 30 minutes,
how much time it takes to process ? Thanks.

my account is ssstand

It usually takes about half an hour or a little longer to confirm. Your withdrawal arrived a few hours ago. Please check. In the future, you can use blockchain.info/address/{your deposit coinut address} to see the number of confirmations.

Some users seem to be unaware that many many blockchain transactions are taking MUCH longer than normal due to a recent software upgrade. SStand - check out Reddit/bitcoin for details .. From what I read these delays should be resolved in 2-3 days or so. That is the hope/expectation anyways.
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July 07, 2015, 03:59:13 AM
 #225

hi i transfer some btc to my account, but my balance still shows 0.0 after 30 minutes,
how much time it takes to process ? Thanks.

my account is ssstand

It usually takes about half an hour or a little longer to confirm. Your withdrawal arrived a few hours ago. Please check. In the future, you can use blockchain.info/address/{your deposit coinut address} to see the number of confirmations.

Some users seem to be unaware that many many blockchain transactions are taking MUCH longer than normal due to a recent software upgrade. SStand - check out Reddit/bitcoin for details .. From what I read these delays should be resolved in 2-3 days or so. That is the hope/expectation anyways.

With all this hashpower mining the wrong chain, there is probably going to be a significant difficulty retargeting.
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July 07, 2015, 06:00:16 AM
 #226

I have got my deposited coin, thanks !


however i am new to the Binary options, i don't understand
why i bought various CALL and when it arrives the time the
price are upper than the strike price but i see my balance remains
the same, but i have seen this is the buying button

BTC/USD at the expiry time ≥ 266.75   0.01 BTC(payoff)   0.00500000 BTC (profit)

that means each amount i bought returns me 0.005 btc more,
however the balacne remains the same, is the correct ?

i am wonder what happens if i lose them on PUT options..
wangxinxi (OP)
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July 07, 2015, 06:18:17 AM
 #227

I have got my deposited coin, thanks !


however i am new to the Binary options, i don't understand
why i bought various CALL and when it arrives the time the
price are upper than the strike price but i see my balance remains
the same, but i have seen this is the buying button

BTC/USD at the expiry time ≥ 266.75   0.01 BTC(payoff)   0.00500000 BTC (profit)

that means each amount i bought returns me 0.005 btc more,
however the balacne remains the same, is the correct ?

i am wonder what happens if i lose them on PUT options..


You just submitted some orders. And the orders were not filled. You need to make sure the orders are filled. You can do so either buy using market orders or using limit orders with good prices.
wangxinxi (OP)
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July 07, 2015, 06:19:33 AM
 #228

Hi guys, for some of you who wants to know our index better, we just prepared a page for you https://coinut.com/index. It has all exchanges' bid and ask prices that we use updated in realtime.
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July 07, 2015, 06:59:01 AM
 #229

I have got my deposited coin, thanks !


however i am new to the Binary options, i don't understand
why i bought various CALL and when it arrives the time the
price are upper than the strike price but i see my balance remains
the same, but i have seen this is the buying button

BTC/USD at the expiry time ≥ 266.75   0.01 BTC(payoff)   0.00500000 BTC (profit)

that means each amount i bought returns me 0.005 btc more,
however the balacne remains the same, is the correct ?

i am wonder what happens if i lose them on PUT options..


You just submitted some orders. And the orders were not filled. You need to make sure the orders are filled. You can do so either buy using market orders or using limit orders with good prices.

could you explain more detaily what do you mean with good prices ?
i have chosen already with "limit order" in the order type with 0.005 prices each amount
wangxinxi (OP)
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July 07, 2015, 07:39:47 AM
 #230

I have got my deposited coin, thanks !


however i am new to the Binary options, i don't understand
why i bought various CALL and when it arrives the time the
price are upper than the strike price but i see my balance remains
the same, but i have seen this is the buying button

BTC/USD at the expiry time ≥ 266.75   0.01 BTC(payoff)   0.00500000 BTC (profit)

that means each amount i bought returns me 0.005 btc more,
however the balacne remains the same, is the correct ?

i am wonder what happens if i lose them on PUT options..


You just submitted some orders. And the orders were not filled. You need to make sure the orders are filled. You can do so either buy using market orders or using limit orders with good prices.

could you explain more detaily what do you mean with good prices ?
i have chosen already with "limit order" in the order type with 0.005 prices each amount

Market orders are usually filled immediately, but the price totally depends on the current market condition. Limit orders let you control your price, but you may need to wait. To get immediate fill with limit orders, if you buy, make sure the price is high enough; if you sell, make sure the price is low enough. You can read the slides on the home page to get a detailed introduction on how to place orders.
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July 07, 2015, 06:36:45 PM
 #231

could you explain more detaily what do you mean with good prices ?
i have chosen already with "limit order" in the order type with 0.005 prices each amount

In order for you to BUY something, there must be someone willing to SELL it to you.

I can make offers all day to buy houses in my neighborhood for $10. Nobody will accept my offer, so I will never get 'filled.' Just because I made an offer, or multiple offers, does not mean I am entitled to a fill. I must find a willing seller at my price.

If you are trying to buy a contract and you see that the best offer is for .0075 btc, and you bid .0050, your bid will not get 'filled', at least initially. At that moment nobody is willing to sell at that low price. Once you've sent an order, ALWAYS follow up on whether your order was filled. If it wasn't filled, your order is still likely broadcast on the exchange and you might want to cancel it.
chriswen
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July 07, 2015, 08:36:04 PM
 #232

Just look at the market maker's orders. Fill one of those. I just do a limit order for that price. I usually will get a fill, but if the price moves I'm okay with that too.
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July 07, 2015, 10:18:19 PM
 #233

could you explain more detaily what do you mean with good prices ?
i have chosen already with "limit order" in the order type with 0.005 prices each amount

In order for you to BUY something, there must be someone willing to SELL it to you.

I can make offers all day to buy houses in my neighborhood for $10. Nobody will accept my offer, so I will never get 'filled.' Just because I made an offer, or multiple offers, does not mean I am entitled to a fill. I must find a willing seller at my price.

If you are trying to buy a contract and you see that the best offer is for .0075 btc, and you bid .0050, your bid will not get 'filled', at least initially. At that moment nobody is willing to sell at that low price. Once you've sent an order, ALWAYS follow up on whether your order was filled. If it wasn't filled, your order is still likely broadcast on the exchange and you might want to cancel it.

i found this metaphor very helpful, thanks !
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July 08, 2015, 08:22:55 PM
 #234

Would be awesome if you had a chart page showing your price index over time
chriswen
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July 12, 2015, 11:17:48 PM
Last edit: July 12, 2015, 11:43:18 PM by chriswen
 #235

Woah you're adding yearly Vanilla options!!

EDIT: (or 6 months)

EDIT2: Fill my orders please

EDIT3: Indamuck you were asking for LEAPs right?
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July 12, 2015, 11:34:35 PM
 #236

Also this site wants to compete with you. They're planning to launch a US based options platform (but nothing right now).

https://www.youtube.com/watch?v=41hCIYNS5mI

Also they plan to do American options.
wangxinxi (OP)
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July 13, 2015, 12:52:11 AM
 #237

Also this site wants to compete with you. They're planning to launch a US based options platform (but nothing right now).

https://www.youtube.com/watch?v=41hCIYNS5mI

Also they plan to do American options.

You are pretty quick! Those options expire every 180 days.
wangxinxi (OP)
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July 13, 2015, 01:03:41 AM
 #238

Also this site wants to compete with you. They're planning to launch a US based options platform (but nothing right now).

https://www.youtube.com/watch?v=41hCIYNS5mI

Also they plan to do American options.

Welcome Grin
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July 13, 2015, 04:35:04 AM
 #239

Woah you're adding yearly Vanilla options!!

EDIT: (or 6 months)

EDIT2: Fill my orders please

EDIT3: Indamuck you were asking for LEAPs right?

Awesome. Actually I withdrew all my balance several days ago to trade futures given the recent volatility. Time to log back in and have a look.
chriswen
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July 13, 2015, 04:46:42 AM
 #240

Woah you're adding yearly Vanilla options!!

EDIT: (or 6 months)

EDIT2: Fill my orders please

EDIT3: Indamuck you were asking for LEAPs right?

Awesome. Actually I withdrew all my balance several days ago to trade futures given the recent volatility. Time to log back in and have a look.

Yeah futures volatility is awesome.

I have a balance on bitmex (quanto futures), okcoin (20x) , and coinut (binary options and vanilla options).

Anyways I don't really go all in anyways. And all the products are a bit different.

Also Binary Leaps available now too.
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