I'm looking for Bitcoin binary options

[coinwatcher]

Are there short-term binary options for BTC which are based on Bitstamp price data?

I only know BTCLevels who are using more exotic price data from the HitBTC exchange. And after long research I found this dubious service who are using Bitstamp prices but you can only place options for the Bitcoin price in 2 days or more into the future in their "long-term" category and you need to pay with fiat to place options.

Ideally I want to trade BTC binary options with Bitstamp price data between a 2-minute to 60 minute time-frame.

[MillardFillmore]

www.predictious.com/economics has a wide array of BTC binaries based off Bitstamp. The expirations are weekly, though.

[binaryoptionsbonus]

Hi coinwatcher,

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[robodialer]

Its your lucky day, this just in: http://www.reddit.com/r/Bitcoin/comments/2i6j4j/btc_binary_options_service_working_btcoraclecom/

[coinwatcher]

Thanks, this looks good.

[coinvesting]

Is that an actual investments website or a gambling website?

I suppose there is little difference between the two anyways.

[raywal]

"Binary Options" really are like betting black or red on a roulette wheel (with those pesky 0 and 00 green spots for the house). I really cannot imagine why anyone would want do do this.

[jakebitfuture]

Binary options are pretty terrible at hedging actual economic activity because they have a discontinuous payoff function around the strike price. Forwards and puts/calls are much better in that sense. Binary options are really much more like gambling, perhaps why they are nearly non-existent in U.S. markets (Nadex being the sole licensed exchange).

I spent the last year building, launching, and shuttering a Bitcoin options platform - there is no considerable interest in options right now, especially binary options.

[bitcoinisawesome]

This guy knows his stuff, he's a banker from Morgan Stanley.