Post
Topic
Board Gambling
Re: Satoshi Option - Trade binary options with Bitcoin | Open Source BTC Feed
by
BitCoinPokerBro
on 08/07/2013, 07:35:48 UTC
Some complaints

1. What is the problem with implementing longer term trades? I and most others traders will not trade 60 second intervals gamblers on the other hand probably don't have a problem with it. Back in march you'd been considering implementing longer TF trades it's been almost 3 1/2 months with no improvement.

2. As someone said on the first page. No deposit only per trade based transactions which means fee's per trade. This is not a satoshidice type game it's a trading platform and as such traders should have access to their funds and be able to trade instantly instead of waiting for transactions to go through then have to pay a fee on every single trade. BTW I wouldn't mind paying a withdrawal fee just every trade lol.

3. BTC/USD @ 1.5? 1.5 return is unheard of in the options market a few years back 1.6 was OK but the standard was 1.7 nowadays the standard is 1.75 with most brokers offering 1.75-1.85 variable return throughout the day.

Honestly at this point the mechanics of satiosh option are built just like a satoshidice clone except with trading as the main concept instead of gambling. If you reworked the site a bit this could be huge. It's the only half way decent bitcoin option site BUT the negatives outweigh the positives.

Really like the looks of the site though.