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Topic: [ANN] Coinut.com - The only Bitcoin Options Exchange [beta] - page 13. (Read 34182 times)

hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
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.
hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
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.
newbie
Activity: 23
Merit: 0
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..
hero member
Activity: 756
Merit: 500
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.
hero member
Activity: 1120
Merit: 554
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.
hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
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.
newbie
Activity: 24
Merit: 0
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.
hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
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.
hero member
Activity: 1120
Merit: 554
Interesting change, 20 list is a bit small.

Ah just made a retarded trade and donated 1+ BTC to the 30 min marketmaker.

You are going to ask for a refund, right? Lol ...
hero member
Activity: 756
Merit: 500
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

Well transactions are taking awhile to confirm because of blocks being full. Did you have a fee?

Coinut requires 3 confirmations which usually takes half an hour. This is not always the case and it make take longer than that due to variance.
newbie
Activity: 23
Merit: 0
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
hero member
Activity: 756
Merit: 500
Interesting change, 20 list is a bit small.

Ah just made a retarded trade and donated 1+ BTC to the 30 min marketmaker.
hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
Hey guys, just made the option chain sheet much more readable. No more annoying scrolling. Just choose to show 5, 10, or 15 strikes. Enjoy trading!
hero member
Activity: 756
Merit: 500
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!

Hi Andy,

Hope you can build some flexibility into your strangle/straddle margining regime.

For example, I may sell puts today, and then sell calls for the same expiration a few days later. I would like to get straddle or portfolio margining on the position, as only one half of the position can expire in-the-money. Currently you are charging us 2x the required margin. I would be trading a lot more if you had this, and that probably holds true for many of your other customers as well.

Andy, this is a good use case for the straddle.

Note that in this case they're not doing the straddle at the beginning. Since you're making this feature already, make it so that the strikes can be set apart. Also you don't need to place the orders at the same time. You can combine them after the fact to get the cheaper margin. You can also uncombine them if you want to close one part of the straddle whenever.
hero member
Activity: 1120
Merit: 554
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!

Hi Andy,

Hope you can build some flexibility into your strangle/straddle margining regime.

For example, I may sell puts today, and then sell calls for the same expiration a few days later. I would like to get straddle or portfolio margining on the position, as only one half of the position can expire in-the-money. Currently you are charging us 2x the required margin. I would be trading a lot more if you had this, and that probably holds true for many of your other customers as well.
hero member
Activity: 756
Merit: 500
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!

Yeah these additional options will be interesting.

I sort of like trading in one direction and picking two directions takes even longer to break even but I'm sure this will be nice for some people.

Also if you're interested in shorting this is really useful because instead a maximum of 40% margin requirement you'll only require a maximum of 20% margin.

Also it seems like he really did make some changes to the program. I bought 125 binary options for biweekly and now premiums are jacked up. But he didn't exactly price the puts better.
hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
For some of you who don't know how to call me, you can call me Xinxi (my Chinese given name), Andy (my English name), Mr. Wang, or Dr. Wang (yes, I have graduated already and I've been working on this fullltime for about one year Grin).
hero member
Activity: 826
Merit: 1000
Founder & CEO of Coinut.com, Litecoin Core Dev
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!
newbie
Activity: 24
Merit: 0
Definitely will need an explanation.  What sort of benefits do market makers enjoy?  Would potentially be interested if some technical fixes were made and the conditions were correct
hero member
Activity: 1120
Merit: 554
So orders are now back.

WangXinXi we need an explanation.

Its a brand new site and they and their partners are still ironing out the wrinkles. I don't need more than that.

Every hurdle they overcome makes them more robust. Nice ...
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