Binary options are an alternative trading method that seems to be thriving within the cryptocurrency ecosystem. Many binary options platforms provide access to stocks, indices, commodities and foreign exchange, as a high-low binary, in which customers open their positions in relation to what will be the price move within a certain period of time. This is because the option runs on a certain period which means it has an expiry time and also a strike price. Binary Options are extremely simple to use and by using the adequate strategy it can turn out to be a very profitable activity.
Disclaimer: Bitcoinist is not responsible for BitPlutos nor its goods and/or services.
As said before, binary options trading is all about predicting whether an asset price will move UP or DOWN over a period of time.
If a trader wagers correctly on the market’s direction and the price at the time of expiry is on the correct side of the strike price, the trader is paid a fixed return regardless of how much the instrument moved. A trader who wagers incorrectly on the market’s direction loses his investment. However, these options have different payouts, fees, and risks, not to mention an entirely different liquidity structure and investment process.
If a trader believes the market will move up, he opens a CALL position and sets the expiry time, which can be selected from one minute up to a year. If the trader believes the market is moving down, he opens a PUT position. For a CALL to bring returns, the price must be above the strike price at the expiry time. On the other hand, for a PUT position to make money, the price must be below the strike price at the expiry time. The strike price, expiry, payout, and risk are all disclosed at the trade’s outset.
BitPlutos Binary Options Platform concentrates on providing the best trader experience for bitcoin users. Users will find that BitPlutos platform is user-friendly and self-explanatory, while it provides traders all they need to do their biddings like a Pro. The company offers a vast range of assets for trading, and these include currencies, stocks, index, commodities and Expires from 30-second options to even years.
Bitcoinist took some time to know more about Bitcoin Binary Options and had a conversation with BitPlutos Co-Founder and CEO, Damian Cišek, where he comment about binary options and the digital currency Industry.
Bitcoinist – Can you comment about binary options trading and risk management in this type of trading?
Damian – Binary options trading became one of the most popular methods of trading nowadays. In binary options trading, you are only to predict whether a price of an asset will go UP or DOWN over a period of time. You just open a position and if you anticipate the move correctly at the end of the option period, it generates approximately 70-80% return on your investment. If you are wrong, you lose most of the money you paid for the option. Naturally, you can manage your risk easily with various tools enabled in trading, so most of the traders reach substantial gains over time. In general, binary options expiry times vary from 30 seconds up to more than one year.
In binary options trading, the investor can trade currencies, stocks, indices, and commodities, without in-depth analyzes. Alongside substantial profits and expiry times, (which can be really short), that is a reason for it to be one of the most popular trading methods available. They are really simple to start with – even novice investors can quickly jump into it and be successful, and binary options trading requires very little starting capital –a few hundred dollars is usually enough.
Bitcoinist – BitPlutos was one of the first binary options Brokers to integrate bitcoin as the only and exclusive method of investment. Can you give us some comments about this and other BitPlutos unique features?
Damian – BitPlutos is the very first binary options platform trading exclusively on bitcoins. We enable numerous bitcoin assets for the investor (actually 9 of them), which is rare because many regular binary options platforms restrict that due to bitcoin volatility. It is not the case with us.
Another unique feature of BitPlutos is its anonymity. The investor depositing from their Bitcoin wallets can be 100% anonymous with us – we don’t verify accounts either upon depositing or withdrawing. However, we do need to verify Wire transfers and Skrill/Neteller as we strictly comply with the international AML procedures. Of course, when the investor provides their contact details (a valid phone number, Skype etc.), our Account Managers can assist them with anything they wish for (support, training, strategies, etc.), even in trading, which is also rare in the industry.
Having mentioned its anonymity, our withdrawals are also instant. Many platform process payments only once a week, we do it every day for the sake of our investors.
We also offer a unique VIP Program. Additional profits for every investment, VIP gifts, 100% bonuses, 24/7 help of a Personal Account Manager (also in trading!) and a special treatment when it comes to withdrawal methods (for that info, ask one of our Account Managers). Also, we offer the SPOT Follow feature: a tool to monitor best traders’ moves in the real time. Yes: the ability to learn from the best out there without delay and on-the-fly.
We also launched an innovative way of improving trading efficiency for regular traders. We provide the Strategy Advisor: a unique trading tool that analyzes the most important data: Bollinger Bands, Moving Averages, and RSI. That is way better than capricious binary signals.
Bitcoinist – When did BitPlutos started its operations? Can you talk about the company’s history?
Damian – Our platform as a new brand has been launched in May 2015, but our history has been going on for years. We are owned by Exclusive Limited, a financial tycoon in the binary options world that also owns a couple of other brands like eXbino, eXbinoG, and eXbinoL. Those brands have been around for 4-5 years now (apart from eXbinoL which is also a new one). We pride ourselves on flawless online reputation, our liability is very stable, and our position in the industry stands strong. Obviously, we are regulated – our company is registered and licensed by the laws of Montenegro.
Bitcoinist – Besides the platform exclusive features, what can you tell us about the company’s services?
Damian – Our offer is to provide the bitcoin users and investors in general with the immense possibilities that the binary options create. Just imagine trading with 75% profit per trade. I know that no one has a perfect record in binary options, but I just wanted to show you a bigger picture of what could be achieved with it. And the volatility of bitcoin also plays a part: assets like bitcoin/Euro or any other Bitcoin-based ones are way more predictable than the regular forex currency pairs.
With that in mind, we are giving you different tools to take advantage of. Take a look at what we provide:
– Regular binary options with approx.75% profit, with different expiry times depending on asset
– Short term trading for dynamic traders with approx. 70% profit with expiry times from 30 secs up to 5 mins
– Long term trading for those who are patient enough to wait from one week up to one year. Profits up to 80%
– Pairs for those who are good in predicting which asset will prevail. Expiry at the end of the day, 70% profit.
– One Touch options: for those who are willing to gain more and excel in predicting major market moves. Profits up to 600%!
– Ladder: a tool for patient investors that enables slow/fast capital growth but may be less/riskier than other options. It’s all up to the investor. Time-consuming though if you want to achieve success. Profits differ from 3-4% up to 1200%!
– Forex/CFD: a binary version of the regular forex/CFD platform. Recommended for advanced users, it enables trading with leverage. May be very profitable if used right.
Mind you, we’re giving the investor a fishing pole, not a fish. They have to remember to manage their risk properly. Therefore, we provide tools for it: almost every position can be sold (SELL button) or prolonged (Roll-over feature), so if used right, the trading risk drops substantially.
Bitcoinist – What about the company roadmap, future prospects, and projects? What can you tell us about it?
Damian – We may be implementing other cryptocurrencies like Litecoin in the future. Some other currencies may follow. We consider integrating our platform with the best forex platforms available which would turn our platform into a very first fully-fledged binary-forex platform. It all depends on the customers’ demand, but we can assure you, we will make all possible efforts to deliver the best service out there.
Bitcoinist – What is your take on the current digital currency situation?
Damian – Well, bitcoin took a plunge when last small collapse occurred. But now, it seems to be gaining momentum again. In general, the worse for the FIAT, the better for the Bitcoin. But if you’re referring to the last bitcoin forking, I think that issue had to occur sooner or later. The bitcoin is growing, there is no turning back now. The whole digital currency idea will eventually take over the financial world. It’s evolution. So, there must be some steps which need to be taken in order to secure its growth. But which solution is better? Hard to decide now, I’d rather wait to see what will unfold in the coming months.
Bitcoin users can use the BitPlutos platform to invest in binary options. It includes access to multiple asset classes and customizable investment amounts, innumerable strike prices, and expiry dates as a large risk and high reward investment. BitPlutos can turn out to be a good speculating or hedging alternative and an advanced tool for traders wanting to invest their bitcoin.
What do you think about Binary Options Trading as an Investment? Let us know on the comment section below!
Images courtesy of BitPlutos
Nuno Menezes is a Portuguese Bitcoin Entrepreneur and a crypto currency’s enthusiast supporting the Bitcoin Portuguese Community. He is an Anthropologist and a Writer and his current field of work is virtual currencies. Complementing his Social Sciences Master degree with a Professional background in telecommunications along some experience in Computer Science, he intends to bring knowledge and understanding about the impact of crypto currencies in society.
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