Author Topic: Final progress report video  (Read 5055 times)

brucewayne

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Final progress report video
« on: June 03, 2018, 09:13:23 pm »
You can watch the latest beta of exchange options https://www.youtube.com/watch?v=wpyAZtXyYCs

brucewayne

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Re: Final progress report video
« Reply #1 on: June 03, 2018, 09:19:12 pm »
You can watch the latest beta of exchange options https://www.youtube.com/watch?v=wpyAZtXyYCs


I am making final adjustments mostly decorational style related. I have also setup a live demo version server which can be deposited with testnet coins you can practice there and move to the real live server after you get confortable. We are nearing completion.


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joprife

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Re: Final progress report video
« Reply #2 on: June 03, 2018, 09:23:06 pm »
Great !!!!!  I am looking forward let the show begin.....!!! 8)  This week ?

brucewayne

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Re: Final progress report video
« Reply #3 on: June 03, 2018, 09:31:38 pm »
Great !!!!!  I am looking forward let the show begin.....!!! 8)  This week ?

I can't say exact day, but this thing is ready. We are days away. I will start moving things to the production environment in the next few days. When I said it would be at the beginning of the month ıt was only for round contracts, I have pushed really hard to include the options platform within the same time frame. so you guys are getting a better product without any delays. which also includes a bonus live demo version of the platform with $100.000 credit on your account and ability to further deposit with testnet coins to practice.

honglu69

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Re: Final progress report video
« Reply #4 on: June 03, 2018, 09:43:25 pm »
Great !!!!!  I am looking forward let the show begin.....!!! 8)  This week ?

I can't say exact day, but this thing is ready. We are days away. I will start moving things to the production environment in the next few days. When I said it would be at the beginning of the month ıt was only for round contracts, I have pushed really hard to include the options platform within the same time frame. so you guys are getting a better product without any delays. which also includes a bonus live demo version of the platform with $100.000 credit on your account and ability to further deposit with testnet coins to practice.

Awesome!  I posted the new video demo link to the new ANN page at:  https://talk.marinecoin.info/index.php?topic=3.0

Just  viewed all the demo video from beginning to end.  It appears to me that reward and future feature is there with no option features.  Option trading typically requires
a strike price,  expiration date, and implied volatility provided by platform.  That is exactly what Deribit bitcoin option platform provides now.  I did not find the option features in the demo.  That is fine and I think the feature release can be phased.  reward, future,  option are actually 3 different features of new platform.
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sams

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Re: Final progress report video
« Reply #5 on: June 03, 2018, 09:50:26 pm »
Great !!!!!  I am looking forward let the show begin.....!!! 8)  This week ?

I can't say exact day, but this thing is ready. We are days away. I will start moving things to the production environment in the next few days. When I said it would be at the beginning of the month ıt was only for round contracts, I have pushed really hard to include the options platform within the same time frame. so you guys are getting a better product without any delays. which also includes a bonus live demo version of the platform with $100.000 credit on your account and ability to further deposit with testnet coins to practice.

Great !!  :D :D

brucewayne

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Re: Final progress report video
« Reply #6 on: June 03, 2018, 09:50:48 pm »
honglu69

This version is better, it has the same advantages of options with strike prices by setting profit taking and stop loss with added flexibility of spot trading like FX markets with leverage. traditional options would require buyers and sellers of the opened options. It would require exchange between parties and would be a thin market. If you bought that way you would be stuck with it and it wouldn’t be dynamic and would be riskier. The different tier coins have different minimum contract lengths in this method. For example you can liquidate a BTC contract within an hour but lower tier coin would need a 24 hour minimum contract length.


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« Last Edit: June 03, 2018, 09:54:43 pm by brucewayne »

honglu69

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Re: Final progress report video
« Reply #7 on: June 03, 2018, 10:13:29 pm »
honglu69

This version is better, it has the same advantages of options with strike prices by setting profit taking and stop loss with added flexibility of spot trading like FX markets with leverage. traditional options would require buyers and sellers of the opened options. It would require exchange between parties and would be a thin market. If you bought that way you would be stuck with it and it wouldn’t be dynamic and would be riskier. The different tier coins have different minimum contract lengths in this method. For example you can liquidate a BTC contract within an hour but lower tier coin would need a 24 hour minimum contract length.


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OK,  that sounds new to me.  I am still learning on this MTC style of new kind of options.    I like option trading way more than future trading.  I also tend to trade options (put/call)  on several months of expiration.

One big difference between option vs future is that future has unlimited loss, unlimited gain while traditional option has limited loss, but unlimited gain.  For example,  if I put $1000 USD into Deribit European style tradional calls on bitcoin for 3 months term,   my loss is limited to $1000 USD even if bitcoin price go to zero.  But   future is different beast, and the loss can be very huge on small amount price move.

For example, bitcoin price from $8000 drops down to $4000 in first month,  rise to $16000 in third month,  option call holders of 3 months or longer will profit huge. But future trader typically get wiped out because $8000 go down to $4000 means future value got margin called and wiped out.  Traditional call/put option holders at least can hold to the end of expiration date.

Will the new platform option trading has the same benefit of traditional option (either American or European style call/put)?
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DMG_The_Penguin

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Re: Final progress report video
« Reply #8 on: June 03, 2018, 10:27:40 pm »
You can watch the latest beta of exchange options https://www.youtube.com/watch?v=wpyAZtXyYCs
looks soo easy, even a beginner can deal with it. one question I have. Will it always show balance in usd$? in other words, if I deposit 1000 bitcoin private it will automatically change to dollars$ so i can trade?
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honglu69

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Re: Final progress report video
« Reply #9 on: June 03, 2018, 10:51:47 pm »
You can watch the latest beta of exchange options https://www.youtube.com/watch?v=wpyAZtXyYCs
looks soo easy, even a beginner can deal with it. one question I have. Will it always show balance in usd$? in other words, if I deposit 1000 bitcoin private it will automatically change to dollars$ so i can trade?
For option/future trading, I think only MTC deposit is allowed to trade. You can get MTC from f1cx or the reward rounds.

Bitcoin private did not show up in Bruce new video, I suppose you need to convert into Bitcoin, doge, LTC  at other exchange.

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DMG_The_Penguin

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Re: Final progress report video
« Reply #10 on: June 03, 2018, 10:55:58 pm »
Sorry if is not, was just an example..it could be any coin, but I can’t believe from 1600 coins i give an example with one that is not included LOL


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honglu69

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Re: Final progress report video
« Reply #11 on: June 03, 2018, 10:58:30 pm »
You can watch the latest beta of exchange options https://www.youtube.com/watch?v=wpyAZtXyYCs
looks soo easy, even a beginner can deal with it. one question I have. Will it always show balance in usd$? in other words, if I deposit 1000 bitcoin private it will automatically change to dollars$ so i can trade?
The USD showed up in Bruce's video is only for tracking purpose,  options or futures are typically traded on USD unit, priced in USD unit. But I believe Bruce new platform is 100% crypto based on deposit and withdraw, there should be no fiat US dollar involved in Bruce new platform

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honglu69

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Re: Final progress report video
« Reply #12 on: June 03, 2018, 11:01:22 pm »
Sorry if is not, was just an example..it could be any coin, but I can’t believe from 1600 coins i give an example with one that is not included LOL


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Bitcoin private is well known coin. I think Bruce's 1600 trading coin should include Bitcoin private. Yes, I believe you can deposit MTC, and trade on Bitcoin private price, then cash out on Marinecoin.

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ayuluv

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Re: Final progress report video
« Reply #13 on: June 03, 2018, 11:11:10 pm »
You can watch the latest beta of exchange options https://www.youtube.com/watch?v=wpyAZtXyYCs

good news. Thanks for the hardwork

sisqo

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Re: Final progress report video
« Reply #14 on: June 03, 2018, 11:12:38 pm »
Excellent!   Bruce, all the hard work you have put in is appreciated immensely by all of us.

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