Binary options on Bitcoin, up to 5 seconds. Huge risk, huge profit

Broker from Seychelles, PrimeXBT, runs binary options on Bitcoin. Potential profit can make you feel dizzy. In 30 seconds it can reach up to 90 percent. invested capital. Options will also be available for 5 seconds. Risk? In short: you can lose everything.

Be sure to read: Bitcoin trading - is it really profitable?

What are binary options?

If for the Forex market as well CFD we can say that it is investing, and maybe even speculation associated with high risk, the purchase of binary options definitely defies these definitions. binary Options because it is betting on the direction in which the price of a given asset will go. It can be a raw material such as crude oil, gold, platinum or silver; any currency pair, stock index, stock price or cryptocurrency. The rules are simple. We bet on a decrease or increase in value within a strictly defined period of time. So we're betting that, for example, gold will rise in 24 hours. If we hit, we earn, if not, we lose all invested capital. So it's closer to gambling than investing, or even speculating. Those who wanted to earn, however, were attracted by huge rates of return, which amounted to at least several dozen percent. Often earned in a few hours. However, dishonest brokers also started to be interested in trading binary options and there were many abuses and frauds in this field. Most countries have therefore banned trading in binary options. In Poland, they are also prohibited, as in the entire European Union.

Read more: Binary options banned in Poland by the PFSA

Prohibited in Poland, available on the Internet

The fact that in Poland and practically all other countries with a mature financial market binary options are banned does not mean that they are not available to investors. It all depends on where the company offering them is registered, and in this respect - as you know - no one lacks fantasy. Therefore, it is also not surprising that the world offers the possibility of trading on binary options on cryptocurrencies.

Broker from Seychelles PrimeXBT informs that contracts for Bitcoin will allow you to earn up to 90 percent. invested capital. How long will you have to wait for this? Practically not at all, because the options will expire after 5 seconds. Such a large profit is possible thanks to the use of a huge financial leverage which cannot be afforded by entities from the European market. Meanwhile PrimeXBT on the Forex market offers a leverage of 1000: 1.

In 5 seconds you will earn (or lose) Bitcoin

Options on Bitcoin will be based on artificial contracts. The broker argues that they will be a reflection of the BTC price and that you will be able to open short and long positions. They will expire every 5, 30 or 60 seconds. Profit for half an minute option is to reach astronomical 90 percent. However, it is also worth remembering a possible loss, which equates to zeroing the capital employed if we do not hit the direction in which the price of the cryptocurrency king will go.

If for someone the loss of all capital with a wrong decision is not a sufficient risk to make a decision, it is also worth mentioning the fact that even in the case of our successes in purchasing binary options, registration of a company in Seychelles can cause difficulties in the event of financial problems of the company.  It should also be remembered that such a short period of options - even if we define the price direction correctly - has a lot of randomness in it. Or you can trust - or not - that the provider of the dummy contract will not manipulate its value in an illegal manner.

On the other hand, assuming it will be a game of chance with two possibilities, a potential profit of 90%. and a loss of 100% guarantee suppliers profit in the long run. Of course, in the group of his clients there will definitely be people who will make a great profit, but the losses of the others will cause that the broker will come out in the plus.