View in: Desktop
Copyright @2024 TigerDroppings.com. All rights reserved.
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Posted by
Message
re: IG Markets open a Bitcoin binary options marketPosted by Poodlebrain on 4/25/13 at 10:48 am to joshnorris14
Do you understand what binaries are? They allow you to bet on the market price of Bitcoins without ever actually investing in Bitcoins. In other words, they are more like gambling than investing. You place your bet whether or not some specific condition will be satisfied. The result is either yes you win your bet, or no you lose.
re: IG Markets open a Bitcoin binary options marketPosted by ZereauxSum on 4/25/13 at 10:54 am to Poodlebrain
So this is basically "Intrade" for bitcoin?
IMO, something like this just makes it seem like less of a currency and more of an instrument for speculation.
IMO, something like this just makes it seem like less of a currency and more of an instrument for speculation.
re: IG Markets open a Bitcoin binary options marketPosted by LSURussian on 4/25/13 at 10:55 am to Poodlebrain
And the last I researched this type of operation, it is illegal in the U.S., not that something as unimportant as breaking the law matters to Josh and wiki....
re: IG Markets open a Bitcoin binary options marketPosted by Broke on 4/25/13 at 11:32 am to LSURussian
It's almost like he sees a Bitcoin headline and thinks "Hey I'll post this and see what happens"
re: IG Markets open a Bitcoin binary options marketPosted by Poodlebrain on 4/25/13 at 11:52 am to LSURussian
You could conceivably purchase a binary that the price will rise to a certain level that will result in a huge payout. Then you go to one of the Bitcoin exchanges and make bids at prices above your binary target. This allows you to leverage manipulation of the Bitcoin market.
re: IG Markets open a Bitcoin binary options marketPosted by C on 4/25/13 at 11:59 am to Poodlebrain
As small a market as bit coins are it would not be difficult to influence.
Edit: forgot to add the "not"
Sorry :iphoneproblems:
Edit: forgot to add the "not"
Sorry :iphoneproblems:
This post was edited on 4/25 at 12:26 pm
re: IG Markets open a Bitcoin binary options marketPosted by Poodlebrain on 4/25/13 at 12:15 pm to C
quote:Actually, it is just the opposite. You can more easily influence a market with lower volume since your actions will have a greater influence in proportion to the total.
As small a market as bit coins are it would be difficult to influence.
re: IG Markets open a Bitcoin binary options marketPosted by Vols&Shaft83 on 4/25/13 at 12:15 pm to C
quote:
As small a market as bit coins are it would be difficult to influence.
I would think the opposite would be true. I would say that one person could significantly influence the price of bitcoin a lot easier than someone could influence the price of larger market commodities.
Binary option trading is already on regulator shite lists, because it isn't investing, it's gambling.
re: IG Markets open a Bitcoin binary options marketPosted by joshnorris14 on 4/25/13 at 1:12 pm to Poodlebrain
quote:
Do you understand what binaries are
It's not exactly hard to understand.
quote:
In other words, they are more like gambling than investing.
This is bullshite. It's a way for people in the UK to short bitcoin right now.
TD SponsorTD Fan
USA
Member since 2001
USA
Member since 2001
Thank you for supporting our sponsors Posted by Site Sponsor to Everyone
Advertisement
re: IG Markets open a Bitcoin binary options marketPosted by joshnorris14 on 4/25/13 at 1:14 pm to LSURussian
quote:
And the last I researched this type of operation, it is illegal in the U.S.
Right. But, again, the U.S. doesn't account for the entire bitcoin economy. You understand that, right?
quote:
not that something as unimportant as breaking the law matters to Josh and wiki....
Breaking immoral or unnecessary laws is no vice.
re: IG Markets open a Bitcoin binary options marketPosted by Broke on 4/25/13 at 1:18 pm to joshnorris14
quote:
Breaking immoral or unnecessary laws is no vice.
So people get to pick and choose which laws they break now? No wonder this stuff interests you.
re: IG Markets open a Bitcoin binary options marketPosted by joshnorris14 on 4/25/13 at 1:25 pm to Broke
quote:
So people get to pick and choose which laws they break now?
Isn't this how the world works?
There is no supreme prevention. Everyone gets to choose whether they break a law or not, do you not agree with this?
This post was edited on 4/25 at 1:26 pm
re: IG Markets open a Bitcoin binary options marketPosted by Broke on 4/25/13 at 1:26 pm to joshnorris14
quote:
Everyone gets to choose whether they break a law or not, do you not agree with this?
Absolutely 1000% agree with you. On my way to rob some banks right now.
re: IG Markets open a Bitcoin binary options marketPosted by joshnorris14 on 4/25/13 at 1:27 pm to Broke
If you disagree with property ownership, by all means, be my guest.
re: IG Markets open a Bitcoin binary options marketPosted by acgeaux129 on 4/25/13 at 1:30 pm to joshnorris14
Yeah, it's bullshite to liken this to gambling as opposed to investing. You are smart.
re: IG Markets open a Bitcoin binary options marketPosted by WikiTiger on 4/25/13 at 1:32 pm to acgeaux129
quote:
Yeah, it's bullshite to liken this to gambling as opposed to investing.
Have we been propagandized enough to where people don't inherently think investing is a form a gambling? If so, success! Huzzah!
re: IG Markets open a Bitcoin binary options marketPosted by LSURussian on 4/25/13 at 1:36 pm to joshnorris14
quote:What I understand is you are an ignorant little prick who wears beanies in the spring because you think it makes you look cool and who has totally fricked up the Money Talk Board with your political shite.
the U.S. doesn't account for the entire bitcoin economy. You understand that, right?
This post was edited on 4/25 at 1:37 pm
re: IG Markets open a Bitcoin binary options marketPosted by joshnorris14 on 4/25/13 at 1:37 pm to LSURussian
quote:
What I understand is you are an ignorant little prick who has totally fricked up the Money Talk Board with your political shite.
I believe you're the person who brought up political shite in this thread.
quote:
Have we been propagandized enough to where people don't inherently think investing is a form a gambling?
If you believe that betting 10k on red and buying $10,000 worth of Exxon is the same thing, you have bigger issues.
Back to top
Follow TigerDroppings for LSU Football News