Topic: Bitcoin BTC OPTIONS trading site is now open for paper-trading (Read 341 times)

I deployed a "sign up" page today.  You no longer need to wait for me to create an account for you.

Please pay special attention to the terms of service.

We're a stone's throw from 35000, and options at that strike are selling for pennies!  Message me for more information, or just sign up and start trading today!

We are issuing BTC call options expiring June 25, at a strike of 35000.  The market value of these is about $4000, and we can offer them at a deep discount.  Search for "6th Street Radio" on telegram to find out more information!

OPTIONS TRADING

Question: do you think that the BTC/USD market is going to be MORE or LESS volatile in the coming months?

If YES, then you can "PROFIT" from this by trading options contracts.

I've been doing some work on the 6SR trading platform at https://trade.6thstreetradio.org . This site allows users to create, trade, and execute options contracts on the BTC/USD pair. It is now ready for beta testing on the public network.  I'm looking for users to help try out the system and prove that the concept works.

This is a "paper-trading" site, and new users will receive an amount of tokens which can be used to trade on the site.  These tokens do not represent a store of value.  The entire thing is a proof-of-concept test site for practice purposes only.

I maintain 2 weekly contracts:

• 1 slightly in-the-money (ITM) call option based on the spot price of BTC on the previous Saturday, expiring the following Friday.
• 1 slightly out-of-the-money (OTM) call option based on the spot price of BTC on the previous Saturday, expiring the following Friday.

Based on your goals, you can either chose to purchase a call option expecting the value of BTC (in USD) will go up, or you can sell one against BTC that you own, expecting the market to go down.

All of these markets trade on the stellar SDEX and can be viewed and traded outside of my site. I also require no wallet private keys, and funds held in escrow use multi-signature accounts so I cannot control them.

The site works with https://stellar-authenticator.org for transaction signing, and with https://nicetrade.co for market viewing.

Core Ideas

• The site has ZERO control over your funds.  You maintain private keys for your wallets.
• Escrow accounts used to cover option sales are held on the public network with multiple signatures.  You can always check to see if a contract is backed by a funded account.
• The transaction which actually executes the contract can be downloaded and taken completely out of the system.  If you do that, all servers run by 6th Street Radio could be shut down completely, and you'd still be able to execute the contract if you own it.

== DISCLAIMER ==

This is a PAPER-TRADING site.  Gains and losses are in tokens only.

I am not FDIC insured. I am not a member of SIPC, FINRA, nor am I registered with the SEC. All references to "money" in this article are intended to mean "tokens." All tokens issued by 6SR have NO intrinsic worth, and do not represent a store of value. This service is for entertainment purposes only.

see also: https://galactictalk.org/d/2702-6sr-options-trading-site-enters-beta-testing