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re: IG Markets open a Bitcoin binary options market
Posted on 4/25/13 at 10:48 am to joshnorris14
Posted 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.
3
Posted 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.
Posted 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....
Posted 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.
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