Bitcoin binary options is the latest medium through which average users, who have welcomed the virtual currency in their lives, can increase their earnings. Since it is powered by Bitcoin, the already attractive binary trading has been made even more appealing and, more importantly, profitable. Indeed, Bitcoin binary options trading poses significant advantages over traditional binary trading, and it presents more avenues to gain profits by taking advantage of the innovations provided by the technology of Bitcoin.
We had the chance to speak with one of the directors of IDS B2B Ltd, Fred Ki, to discuss IDSOption, a premier bitcoin binary options site. Read the conclusion of this 3-part feature below. You may read the first part here and the second part here.
Coin News: Do you have a Bitcoin price prediction?
Fred Ki: Comparing 2015 and 2014’s bitcoin price, it has raised to 430.05 at 34.5%. We are expecting the price to go up this year too. However, the anxiety of recent financial market and US raised interest rate gave a certain level of variability to it. We estimate BTC/USD ranging 280-650. It can mainly classify to 2 reasons for price raise. First, there is less supply due to the mining amount being halved this year, together with other conditions which bring the price up. Second, from the perspective of developed countries’ regulations on bitcoin rolling out, increasing trust on bitcoin will also bring the price up.
CNA: What can we expect from your venture in the near future?
FK: We have only started for 4 months; it’s a long way to go. We are developing new contents and going to start rolling from March this year. With continuing new content development and online marketing, we are expecting to have large increase in number of users. Now we only have 30 average daily users but we are aiming to have more than 100 by the coming June.
CNA: Finally, for those who don’t get Bitcoin, do you have any suggestions?
FK: Everything is difficult when first get in touch with it. For me as well, the first time I was introduced to bitcoin, it sounded fishy at the beginning too. But when I become one of the traders and get into the market and when reading the news of global firms investing in the technology of bitcoin initial system – Blockchain, I realized it’s real. Recently, there are different kinds of settlement systems being created but until now there’s nothing being as simple as bitcoin.
CNA: Thank you very much, Fred.
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