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Topic: Buying Options for bitcoin (Read 2069 times)

legendary
Activity: 994
Merit: 1000
August 22, 2016, 11:25:38 PM
#27
to me IDS system will be the best, as they are currently running a signature campaign therefore they are more reliable and trusted, i think you should better check and hope you will find it the best.
I haven't done binary trading on idsoption and i think they are also quite new to put trust on. But i have tried secondstrade.com and like their no account registration terms as well as their auto withdraw and play without transaction getting confirmed is really nice feature. However i would suggest not to take high risk in binary trading they are just like gambling.
legendary
Activity: 840
Merit: 1000
August 22, 2016, 06:02:40 PM
#26
to me IDS system will be the best, as they are currently running a signature campaign therefore they are more reliable and trusted, i think you should better check and hope you will find it the best.
Well, its fairly new. I don't want to trust them right now as buying options could lead to swings of 1000's of dollars and its important to be sure of the source you buy them from.
full member
Activity: 238
Merit: 100
August 22, 2016, 05:14:53 PM
#25
to me IDS system will be the best, as they are currently running a signature campaign therefore they are more reliable and trusted, i think you should better check and hope you will find it the best.
hero member
Activity: 924
Merit: 506
August 22, 2016, 03:59:53 PM
#24
Actually there are some good options out there but main question remains as they are not going to give you and me the chance to earn something worth our efforts.
But you should know it's a gamble and you could lose easily.
legendary
Activity: 840
Merit: 1000
August 22, 2016, 09:40:38 AM
#23
The above mentioned sites aren't exactly for options.

i am not yet found a market exchange that giving Options for bitcoin, because as far as i know, its only available in stock. maybe for next year, there are a service that provide Options for bitcoin. for the honest, i really don't know how to trade with Options, maybe i will learn from the book.
I believe its because bitcoin is volatile, so anyone selling options is probably taking a lot of risk specially because he could be giving these away in bulk.
hero member
Activity: 2912
Merit: 556
August 22, 2016, 02:40:33 AM
#22
i am not yet found a market exchange that giving Options for bitcoin, because as far as i know, its only available in stock. maybe for next year, there are a service that provide Options for bitcoin. for the honest, i really don't know how to trade with Options, maybe i will learn from the book.
hero member
Activity: 1190
Merit: 534
August 22, 2016, 01:02:30 AM
#21
I am also looking for such service in broader sense. I couldn’t find any upfront service which directly allows us to put orders on specific price triggers but I think we can do this with bots but I am not sure about it. There are many sites who provide personalized bot service but I haven’t tried any of them yet. I think if crypto currency creators can use bots for pump & dump schemes then why we can’t use it for our regular trade?
hero member
Activity: 697
Merit: 520
July 30, 2016, 06:54:30 PM
#20
Coinut has been running options for something like a year now. I'm not aware of many others. I recently saw ads for a site called Deribit, which apparently offers vanilla-style options, but I have no idea how safe or reliable the services are.

Caveat emptor, as they say. None of these services are gonna be particularly "legit."
newbie
Activity: 20
Merit: 0
July 30, 2016, 05:58:09 PM
#19
I have looked for options in the past too. Unfortunately no such legit sites exist. Even if you are able to buy an option for bitcoin, which I doubt anyone would offer, then being paid out if you were to earn millions from it is unlikely. Also the options for bitcoin offered will be very short term, from a week or 2. Over a month is too risky for any seller.

Currently on www.deribit.com you can trade (vanilla european style) options up till 3 months out (quarterly). In the market you can either buy or sell, as an example..the current market for a 30 september 700 call is 42dollar bid - 46 dollar ask. Though you wont be able to do huge quantities on those prices, as the market is still not very liquid. (marketmaker is quoting for 2 options on all strikes, after that quote becomes slightly worse., though bigger trades can be negotiated of course in the chat, or by simply placing your bid/ask in the orderbook.
member
Activity: 112
Merit: 10
July 23, 2016, 05:19:07 AM
#18
the best your choose
your option is ready campaign signature in bitcointalk forum
maybe secontrade or idsoption
legendary
Activity: 840
Merit: 1000
July 22, 2016, 04:51:14 PM
#17
Either idsoption or secondtraer are good choices since they offer alternatives besides the price of Bitcoin. There are other sites available but they often require verification similar to forex brokers which may put some people off.
Never heard of idsoption and as for secondstrade check my previous post.
Giving your information to the forex brokers is no risk. Options can amount to large amounts of money, and I would rather have it done through a legal company then a random bitcoin exchange which isn't licensed.
legendary
Activity: 840
Merit: 1000
July 22, 2016, 06:29:33 AM
#16
Thanks for your suggestions. I looked into secondstrade but instead of allowing to buy options it only allowed me to bet on the price for the next second. More like a gambling game and not a site to buy options. They do mention options in their FAQ, but I couldn't see any place on the site where it traded options.
newbie
Activity: 49
Merit: 0
July 21, 2016, 09:07:27 AM
#15
The reason that people is "Buying Bitcoins" is that they want to earn some profit with it and keep on spending to see higher value of bitcoin in future. When this happens I will sell all my bitcoins and go with life without bitcoin.
full member
Activity: 126
Merit: 100
July 20, 2016, 02:33:47 PM
#14
Is there any site which allows you to buy options for put or sell ? I am looking to buy options particularly for the bitcoin prices, but would also be open to sites which allow options for other stocks.

you can try bitfinex in there support margin trading so you can put or sell
trading bitcoin support meta trader you can try btc-e
but you interest option trading you can try secondtrade dot com
newbie
Activity: 55
Merit: 0
July 20, 2016, 08:48:40 AM
#13
There are many sites now offering Options trading but you need to do your homework as not all of them are legit. Secondstrade does offer option trading and it is very reputable too! Smiley
legendary
Activity: 1372
Merit: 1000
July 20, 2016, 08:20:39 AM
#12
I have looked for options in the past too. Unfortunately no such legit sites exist. Even if you are able to buy an option for bitcoin, which I doubt anyone would offer, then being paid out if you were to earn millions from it is unlikely. Also the options for bitcoin offered will be very short term, from a week or 2. Over a month is too risky for any seller.
hero member
Activity: 1316
Merit: 503
sr. member
Activity: 294
Merit: 250
Minter
July 17, 2016, 12:24:10 AM
#10
IDS option is a binary option you can use. It is safe and easy to use and they have an ongoing signature campaign at present so you might just check them out.
newbie
Activity: 20
Merit: 0
July 16, 2016, 05:08:50 PM
#9
Our exchange with "plain vanilla" options (put and call options, european style, cash settled) and futures.

Please visit https://www.deribit.com/main#/options to see the orderbook of all strikes and expiration dates. In the future we will be adding expirations further away. I know of no other exchange with a decent platform currently offering plain vanilla options on bitcoin.

By the way, there is currently 1 market maker on the platform, we hope to find more traders who would like to be marketmaker on the platform.
sr. member
Activity: 406
Merit: 250
June 28, 2016, 01:28:25 PM
#8
Is there any site which allows you to buy options for put or sell ? I am looking to buy options particularly for the bitcoin prices, but would also be open to sites which allow options for other stocks.

There are not except offcourse if you try Forex exchanges. A while a go i found plus 500. You can short or buy bitcoins. It works the same as a CFD, so beware it is very very risky.
One day you can have profit, the next day you need to answer your margin call.
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