Bitcoin Forum

Hello guys, I have created simple web where you can bet your bitcoin predictions. I saw many people always saying "hey, btc will cost in a week XXXX dollars" and other guys were against saying "No, it will cost
YYYY dollars". So now everyone can try his own guesses against other ones with my website http://bitstampguess.com/ What is your opinion about that?

To make prediction for 5 days? This is really takes time, more over is there anyone willing to put their money and stuck it without knowing what is the outcome? I do not think so. First, people do not want to play in this kind of game mean while they can earn profit everyday from trading. Second, people can't do anything much with their money stuck on your site and they do not even know about the outcome unless they can get it right (which is impossible)

I think your concept is very unique, But why take a long time just for betting? Of course the people can be bored to wait result. If you reduce it, i want to try my luck in your site.

i think its more of a trust issue! your a newbie and ask for people to send BTC to you ... this just sounds really hinky to me

Yes, it's more of a trust, but Op has thought in a better way about the market needs. Maybe the user will profit big if the concept gets an real implementation opportunity and function with legitimacy. The price of bitcoin is always fluctuating which paves path for successful growth.

This very complicated to predict the payout ... i don't know it's possible to find good payout for the difficultes of this offers...

But GL with your project, it's interesting

I am sure I am not gonna bet on your site. first you're newbie and you no trust level and second  I don't want to stuck my bitcoin for weeks.

Your site is good looking one and I like your concept. Why I think that no one will bet on your site right now it is because you are asking for $4.5 which is not nothing but how can we be sure that your game is fair? You should earn a good reputation first and only after that you can expect people to bet $4.5 worth of Bitcoin on your site.

I think this site could be a pretty good idea if you're not a newbie and have high level of trust level. Even though, guess-er will have to have for 5 days ? That is quite long, at least to me, for who submit to guess. Also i think the winning fee is quite high, isn't it ? Reduce it to attract more people to have more interest in your site and guessing game because they won't have to wait for those days to have back quite few btc. They deserve more for those 5 days man !

Even though the site is well designed but i do have still some doubts. Even though the primary bet is small amount but its still money and its not really worth to be given on random guy in the internet. :) Every 6 days predictions would be good  but knowing the results would happen once a month seems very too long too wait. Why would not create on hourly based?? so that there would be fast results too and would like to ask how to view for those people who did join? there are lots of question boggling on my mind.

Bitcoin prize? shouldn't it be price(in title)? your site is good and all, (no offence) but no one will use it. as far as i know there was an ico(stox) which collected over $30 mil to build a prediction platform, people will use stox, we can create our own predictions etc..

I think 5 days is realistic time for this game because the winner will got the money from total bets and the site only take 5% for fee. I know what you mean but trade it's different, in trading you can't win huge money by use a little money.

Op, I don't see anybody depositing to play as it might not be safe to do so. You have to do more than post a thread on this forum o build trust in your product. Good luck.

Its a great idea, but a newbie account using non https, site looks very cheaply made, what is preventing you from running off with all the coins?

secondstrade a site related to forex pairs, has literally suffered a sort of trick, because some one was capable to move the market for short period of time (1 minute - 60 minutes). While they influence the btc price, they can get an huge amount of money from secondstrade. This is why they are actually closed. And this is why is very risky use short frame of time for btc betting prediction.

I not sure this will work. First why bet on your site, when users can just trade, if they want to predict BTC price movement. Second we have no idea how much we will win on your site, we don't even know the other users guesses, so how can we be sure that we are not being scammed? Finally, this looks even more hard than trade. When we are trading we can always close our position if you see that we are wrong, and we can still make some profit or cut down our losses. On your site we make a bet, that's the same as opening a position in trading, and we are stuck with it until the end.

I wish you good luck, but for those reasons, I don't see me betting on your site. Maybe if solve some of those things that are issues to me, I might do it.

if you want people to take your site and you seriously,change the name of the topic
it should read priCe,not priZe
there are places where one can wager on what the bitcoin price shall be,but if you can offer a simple and fast way to do so,your site might take off

Check at fairlay.com they have a few markets like this:

https://www.screencast.com/t/kOGhWi7x

LOL. what is fun is that OP is going to do this manually! Checked the site and this the worst attempt at creating a gambling site. Yeah the idea is a bit unique and novel but the execution is totally where it failed to live it up. Another problem that others have pointed out is the lack of trust with op. I don't think anyone will even place a bet here.

I like the idea, but processing bets manually? And yeh, why should I trust OP in this? Sending some bitcoin to a random address and hoping it will work out good? Nah, that's too risky for me.

the idea is great but the manual process ??? oh ill bet the bitcoin price goes to the moon very soon ;D

Well I am guessing there is nothing legitimate about what OP is offering and I don't even think there would be anything he would compute manually because he will just
run away with the coins that will be sent. The only thing OP will be computing is how much he scammed the people that fell for his scam attempt.

But how we can verify that you haven't selected one of your own bet as winner by end of the draw? You can easily lie us, you should make a public list of all bets made on the site. We don't have access to your database which you can easily manipulate per your need.

recently some of the bitcoin related betting sites have been locked by the US government. Therefore, believing the site is up to your trustful thought about them.
You will be able to find the winners list with the banner in the separate page to set up the list hence you could find the list at there.

The best way to get this type of site up and running should be using a SMART contract.

Basically you use different API feeds from reliable exchanges. Then someone makes a bet and the script checks the price during time of expiry and if its a win then it sends you your winnings if not , then no.

Currently its very easy to do with ethereum but with bitcoin might be difficult until rootstock comes out.

Because you are not going to get much traffic and trust creating this site out of the blue.

Well if I were that having bitcoin prize I will not bet it all the way, and maybe I should use another funds of it in order to use that for personal use or rather I invest for holding bitcoin. That would be a transparent and honest ways if the list of bets will be made publicly in order to eliminated doubts if were cheated by the host of the gambling games. A screen shot can prove what our mate been saying here so that we will not speculate into something bad rumors.

So far everyone is talking about the lack of trust, I'm gonna tell you solutions although they're quite obvious!

1. Escrow the funds so the payout is certain
2. Publish a page with total bets on each date/price

Doing this will ensure people place their bets and you get to keep your 5%

This way no one deposits, no one profits
You just wasted your time building the website

I would say I wish you can provide more detail information in your page before I do place a bet. About rules, trust...etc.

its very important factors before someone will  play with OP's site  we needed to make sure that he will not just run away or things will be smoothly
completed without any doubts i think providing those information is a must in every gambling site.

manual process is not good for all players!

All I can say is, this is a great game...

BUT....

The question here is the legitimacy. Honestly I can make a website like that and even my intention is honest, no way I can get trust here because they have no reason to believe that this will be a legitimate one. And I think you are in a rush just to make profits because your system even accept this "21321321321321" as bitcoin address. Also how will you verify that the one who send you funds is the receiving address we have input there. Lots of holes mate. You really in a rush getting BTC's here.

indeed,lets wait and see if OP improves the site
the concept is good,the site itself...erm,not so much :)
but lets give him a benefit of a doubt,bookmarked the site,will come back later to see if it lives

Right exactly, betting is good, stupid betting is not. Anyway btc is just going up. 1 year = 10000$/1btc

The ideal is not bad at all but the risky of this ideal is too much. I think not much people will try if they got a good guarantee from you.

the idea is unique but you have to build trust first to attract user to bet on your site.

Big word but its always start from a great beginning OP just needed to prove his authenticity the more he can build trust the more bettors and visitors will come to his business so he better to improved and make sure that everything can be settle to continue to exist,.

Well, it is a good idea to doing betting in bitcoin price, but my judgment about bitcoin price is always wrong. I mean, in this start of the year, i thought bitcoin couldn't reached at $4000 in this year, but when i see bitcoin has come and in the middle of 2017, then i can't predict anymore about bitcoin price. Because bitcoin always give us surprise about its price, So let see what is happening in the end of this year.

The idea of betting on the right bitcoin price is not is not bad per se, I've seen something like this in the past.
A major problem is that there is no guarantee that the op will pay the money, it is like sending your Bitcoin to a random address and expect something back.
Furthermore, I don't want to wait for the whole month just to learn that my bitcoin is now in the pocket of the Op. Too risky for me.

I wouldn't bet in bitcoin price, I'm thinking with what I can compare that and only lottery comes on my mind. But in lottery you risk very little amount to win big one, on your site you risk a lot to make how much profit? Risk is too big, prize is too small, that's why people will not bet on your site. At least its my opinion, there is much easier things to bet on, and if you need to wait 5 days to see shat happened with your bet then you don't have a chance. I already see how you work for couple months and then one week with most bets you will just disappear.

in my opinion your site take a long time to betting and bets processing manually,this has a high risk,after all your rank is newbie..

Just visited your site once again to see whether you've changed the amount of the bet to a smaller one. Nope, you leave it as it was, and it is no wonder that we can see this "Current number of bets is 0.". Also you are not active in this particular thread and that doesn't make things any better.

That's been said, I think your site can have success with a due approach and advertisement.