Make 20x profit in 30 minutes - page 3.

Havelivi

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Quote from: vendetahome on May 29, 2015, 02:16:05 PM

wait so isnt it just an investor based game as people buy contracts (invest) and either win or loose? in my opinion it should be in investor games

no that is not a investor base games that is binary option trading and that is very simple method of trading just put and call option, if you have little knowledge of bitcoin price if it goes up or low than you can make nice profit from this method but keep in mind that is pure gambling.

vendetahome

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wait so isnt it just an investor based game as people buy contracts (invest) and either win or loose? in my opinion it should be in investor games

Miss Fortune

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so basically this is like daytrading?

wangxinxi

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Quote from: xiionqz on May 29, 2015, 01:04:45 PM

Quote from: wangxinxi on May 29, 2015, 12:58:02 PM

Quote from: shanem on May 29, 2015, 08:18:53 AM

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

where can i learn about it?
is it hard?

Let's take a CALL contract as an example. The basic idea is that the correct price should be the probability that it goes above the strike price times 0.01 BTC.

So if right now the price is 236.61, if you select 236.75 as the strike price and you estimate the probability that it goes above 236.75 is 0.2, then the price should be 0.2*0.01 BTC. If you find the market price lower than 0.2*0.01, you can then confidently buy. Maybe you lose one or two times, but if you do this frequently, you will find that you are making money consistently.

It is not difficult. But it takes a little time to learn the skill. I am sure that after trading a few times, you will know what I am saying.

xiionqz

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Quote from: wangxinxi on May 29, 2015, 12:58:02 PM

Quote from: shanem on May 29, 2015, 08:18:53 AM

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

where can i learn about it?
is it hard?

wangxinxi

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Activity: 826

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Founder & CEO of Coinut.com, Litecoin Core Dev

Quote from: shanem on May 29, 2015, 08:18:53 AM

This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

It's not exactly the same as gambling, because sometimes, you can find that the market maker may not be able to price the options correctly and you can take advantage of that. So if you have the skills, you can make profit consistently.

shanem

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This is just gambling.
There is a very high chance you will lose all your btc before you can gain anything.

WhatTheGox

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Quote from: dooglus on May 28, 2015, 10:30:34 PM

Quote from: lexuz on May 28, 2015, 05:14:45 PM

Quote from: wangxinxi on May 28, 2015, 04:45:13 PM

It's a nonlinear product. There is no need for leverage. You just need to predict whether it is going to reach a certain price level.

No leverage can make 20x profit in 20 minute. I dont believed its impossible
Can u post screen shot who can make it only 30 minute.

It's basically gambling. You can make 36x profit in a minute on a roulette table if you pick the right number.

It would help if OP made it clear that it's a risk, not a guaranteed 20x, but I think most people will understand that.

+1 you dont have to advertise a gambling site as a way to make profit. People are happy to gamble knowing the house has an edge just because they like to be entertained.

Joca97

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Quote from: dooglus on May 28, 2015, 10:30:34 PM

Quote from: lexuz on May 28, 2015, 05:14:45 PM

Quote from: wangxinxi on May 28, 2015, 04:45:13 PM

It's a nonlinear product. There is no need for leverage. You just need to predict whether it is going to reach a certain price level.

No leverage can make 20x profit in 20 minute. I dont believed its impossible
Can u post screen shot who can make it only 30 minute.

It's basically gambling. You can make 36x profit in a minute on a roulette table if you pick the right number.

It would help if OP made it clear that it's a risk, not a guaranteed 20x, but I think most people will understand that.

That makes it a little clearer for me,in first when i seen the subject i touth it was guaranteed 20x win
But now i see it isnt,looks to me like those site upanddown something like that

wangxinxi

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OK, it seems that you guys are all ver interested in this. Our original thread is here: https://bitcointalksearch.org/topic/ann-coinutcom-the-only-bitcoin-options-exchange-beta-821889
But that thread was written for traders. For you guys, I want to make things simpler here. Please check the first post of this thread. I just updated it.

wangxinxi

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Quote from: Xch4ng3 on May 28, 2015, 10:39:28 PM

Just a FYI, your site shows a bad reputation according to WoT.

https://www.mywot.com/en/scorecard/coinut.com

The WoT comment and rating were left in 2011. That's before our site being created.

adaseb

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Quote from: wangxinxi on May 28, 2015, 03:45:12 PM

https://coinut.com just added 30-minute binary options. Please join and make 20x profit in 30 minutes.

Are you the administrator of CoinUT or do you just promote their company with your signature?

Find it odd that there isn't a dedicated thread

Indamuck

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Quote from: wangxinxi on May 28, 2015, 04:58:11 PM

The market maker is still providing liquidity. You can see from the home page. The price index is an average of Bitfinex, Bitstamp, and BTC-e's most recent bid and ask price ticks.

So, are you averaging bid/ask levels, or transactions?
How often is the average recalculated?
The average is over the last 5 minutes? 10 minutes? 30 seconds?
How is it weighted?

The DJIA has a precise formula, and is much more complicated to calculate, but that formula is public information.

You are asking customers to gamble on something, while being vague about what that something is ...

Indamuck

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Quote from: dooglus on May 28, 2015, 10:30:34 PM

It's basically gambling. You can make 36x profit in a minute on a roulette table if you pick the right number.

It would help if OP made it clear that it's a risk, not a guaranteed 20x, but I think most people will understand that.

It is gambling as much as taking a speculative position on GOOG options is 'gambling.' It all depends ...

Coinut is making markets for binary and vanilla options on their proprietary btc price average. (Yes ... figure that out.)

Of course they are pushing for people to gamble with their 30-minute options, which is much more akin to gambling than investing, but generates lots of commission right away, because you can 'gamble' every 30 minutes.

I think the OP should focus on continuing to develop the product. A great btc options product will attract lots of positive attention, with almost no further effort, because the product is needed. They've barely gotten started I think, but already have reasonable volume for only being live a matter of days ...

adaseb

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Quote from: wangxinxi on May 28, 2015, 03:45:12 PM

https://coinut.com just added 30-minute binary options. Please join and make 20x profit in 30 minutes.

Its nice to see a site that finally has Vanilla options instead of just binary.

Will you add any Forex or Commodities pairs in the near future?

Xch4ng3

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Just a FYI, your site shows a bad reputation according to WoT.

https://www.mywot.com/en/scorecard/coinut.com

dooglus

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Quote from: lexuz on May 28, 2015, 05:14:45 PM

Quote from: wangxinxi on May 28, 2015, 04:45:13 PM

It's a nonlinear product. There is no need for leverage. You just need to predict whether it is going to reach a certain price level.

No leverage can make 20x profit in 20 minute. I dont believed its impossible
Can u post screen shot who can make it only 30 minute.

It's basically gambling. You can make 36x profit in a minute on a roulette table if you pick the right number.

It would help if OP made it clear that it's a risk, not a guaranteed 20x, but I think most people will understand that.

jeannemadrigal2

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This sounds interesting. I didn't know you could buy options on the price of bitcoins. I am a little fuzzy on how this stuff works, so could you please provide a detailed explanation of how this works? Because I have to be honest it sounds like a scam. That much money in that little time is impossible.

Also what is the lowest you can use to gamble on there Tongue

Gismo28

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listen to adolf!
gambling sites like that are too good to be true!

adolf84

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Quote from: lexuz on May 28, 2015, 05:14:45 PM

Quote from: wangxinxi on May 28, 2015, 04:45:13 PM

It's a nonlinear product. There is no need for leverage. You just need to predict whether it is going to reach a certain price level.

No leverage can make 20x profit in 20 minute. I dont believed its impossible
Can u post screen shot who can make it only 30 minute.

Only God can do that, or very very super lucky man can make 20x profit in 20 minutes

Topic: Make 20x profit in 30 minutes - page 3. (Read 4340 times)