Bitcoin Forum

Hello dear bitcointalkers,

we just launched our draglet Bitcoin bootcamp on https://www.draglet.com/en (https://www.draglet.com/en) .

Our Bitcoin exchange game allows everybody interested in Bitcoin to dive into the trading activities of cryptographic currencies without taking the risk of financial losses. Each participant's balance will result in a personal score that determines his ranking. The first round (which started on 1st of December) will end on 1st of February 2014. At the end of the first round, one real Bitcoin will be distributed to the top 100 participants.

After registering for free, the participants are able to place the first orders. The aim of the game is to increase the starting capital, which is 100,000€ and 100 Bitcoin. The exchange rate will never deviate too far from the actual development of the Bitcoin exchange rate.

We provide a detailed FAQ which answers most questions about our Bitcoin exchange game.

Support is available by e-mail, IRC and plenty of feedbackboxes in the logged-in area.

Achievements coming soon! :)

Best regards,

Ben

Thanks. I'ts like demo in forex. Good oportunity to try myself as BTCtrader

Let me see if I understand.  If I get into the top 100, I get 1 BTC for myself?  So you're giving away 100BTC (100,000 USD)?  How exactly does this work?  Am I missing something here? 

Maybe you mean that I'll get 1BTC (which belongs to you) and can invest it for you.  But then if I make profit on it, can I somehow get winnings for myself?  Do I earn money from this?

Just registred to test it out :)

Registered, ready to trade.

I've just registered on the site. Will this be a monthly thing or is it just a one time contest?

Hey peeps, thank you very much for your response!

to the distribution of prizes: We provide a FAQ Page ( https://www.draglet.com/en/faq ) , the distribution is explained there.

to the rounds: We will have more (presumably 3 rounds), each round yielding prizes and (ofc) achievements for the placing :)

I am glad that we get such a positive response and am looking forward to answer your Feedbacks / support inquiries!

Signed up, but have not received the confirmation email. I guess it will come soon. Great idea!

So this is a market within self. Comprised of solely people from this contest?

Wouldn't it make more sense to just use the real price of bitcoin?

Also, is there a way to see the bids/asks?

Is there any way to trade in USD? EUR bothers me.

Overall pretty awesome site so far!

This looks interesting, signed up!

Read "How big is the prize pool and what how does the exact distribution look like" section in FAQ. I think they will share 1BTC with first 100 participants.

Can anyune explain me difference between "limited" and "at best" orders? Why I can't close "at best" order by myself? when does it closes?

Hey, I can explain it, if you like ;)

Limited Orders are specified by the amount of Bitcoins to be sold/bought and the limit that you are willing to sell/buy for at least/at most. So you place a sell order, "SELL 1 Bitcoin for 900€."

Only if someone would bid 900€ for your Bitcoin, the orders would be matched and the trade executed. It is possible that it takes 2 months until someone is bidding 900€ for 1 Bitcoin, the order would have to wait 2 months then in order to be executed.

Execute best (or unlimited) orders are only specified by the amount of Bitcoins to be sold/bought. You will then get the best price available on the market. You place a buy order, "BUY 1 Bitcoin"

This means that you will get the cheapest 1 Bitcoin on the market. Also, this will be done almost instantly, as long as open orders are on the market.

We have also some other features in our order matching engine, this limited/unlimited stuff is pretty basic. What's not basic is the opportunity to place as much orders as possible, if the needed balance is not available, the order will be "paused". When the balance is available and a matching order counterpart is found, the order will be matched and executed. This allows you to trigger whole "Buy and sell Chains", but also opens a new risk: "the automated money burning machine."

This happens when you have two orders that - in combination - result in a sure financial loss. For example, you have an old paused order "Buy 10000 Bitcoins for 700€/BTC", the order is paused because you have no Euro Balance. Then you add another order, which is "sell 10000 Bitcoins for 650€". This order could be executed (you have Bitcoins Balance, matching orders can be found) but would kill 50€ + transaction fees per Bitcoin (700 Buy, 650 Sell). We implemented a plausability check that is supposed to protect our participants from burning money by placing contradicting orders.

Edit:

Did u receive the confirmation mail? If not, just give me a shout, "I'm helping" :)

I hope I did not overload you guys with information :).

By the way: at the current user count, every user wins real Bitcoins... signing up still is very rewarding ;)

Now at 123 since your post so 23 don't win real BTC. So get good fast I guess.

You do mean that every user wins real FRACTIONS of a bitcoin, correct?  As in, 0.28 BTC for first place?  I just want to confirm this.  Because I am much more likely to trust a site giving away 1BTC, than a site advertising to give away 20BTC for 2 months of time invested by user.

Hello,

in our FAQ the distribution is explained in detail. Yes, the first place gets  ~25% of prizepool, which currently is about those 0.28 BTC. Unfortunately we are not Bitcoin Millionaires and therefore cannot give away 20 Bitcoins ;)

But: We are thinking about increasing the prize pool in the near future, stay stuned.

I think it's a fascinating concept, and honestly 0.28 BTC is quite a nice reward for not having to pay any money, and just play a game.  Nothing wrong with it.  What keeps bugging my mind is where this game is headed (like what's the reason of it).  Are you planning on making a real bitcoin market, and are these players just stress testing the system before taking it live?  That's my first guess...

This is a pretty amazing idea if that's what they're working up to!

I've been much more successful here than in the live market :D

But then again, for live makret you must make you own script for generating weighted graphs, and it's given here so it's easier.

Hey,

we are glad that you enjoy our Bitcoin exchange game :).

To further improve the game experience we will offer additional functionality during the next weeks including achievements and extended trading possibilities. To enable all participants to acquaint themselves with the new functions we extend the duration of the current round by 1 month until 1st of March. At the same time we increase the amount of prize Bitcoins to 1.5 in order to maintain the winnable Bitcoin per time unit ratio.

and yes, we have a lot of amazing ideas! Just buckle up and enjoy the (Bitcoin) ride :)

REALLY?  Another month?  Dislike...  Next thing you know, it'll be 6 months, then extended to a year with 6 BTC prize.  Then all of a sudden, developer of sight disappears.  Should have left it at 2 months, that's a very long time already.  Or reward people every 15 days for 0.5BTC total.

Yeah, you can reward a lower amount if you make, for example, weekly rounds, instead of larger amounts for monthly rounds. People will feel more confident this way.

Hey,

sorry for unsettling you.

I can ensure you that this was and will be the only change of the first round on this scale. We tried to design it fairly by increasing the prize pool in the exact dimension as we increased the length of the round. And nope, our developers won't vanish, we guarantee that the prizes will be distributed shortly after the end of the first round.

Doing rounds on a weekly base would be a great thing for the participants, but I fear that the resulting overhead activities would then cripple our development.

PS: I was asked "are you analysing the behavior of users in order to generate trading strategies?" on several occasions now. I can also ensure you that we are not analysing our participants' behaviour just to create stressable trading techniques. This would heavily conflict with our understanding of trustworthiness.

Hello there!

Our bitcoin exchange game is getting more and more users, some players already could profile themselves as prospective winners (have a look at top 10 Ranking).

Furthermore, we are currently trying to make the game experience smoother. We do this by improving the notification system and increasing the update frequency of the trading chart. Also we are working on several slight changes that are supposed to increase the usability of our site. If you are desperately missing functions or features, just give us a shout over the feedback boxes.

Best regards and stay tuned.

Greetings,

we made small modifications to the Order Frontend to improve usability:

- The "search" button is renamed to "refresh" button, to adequately describe it's use.
- Order Limit fields now have the current Bid / Ask as initial value.
- Order Nominal will be cleared after placing an order.

Also, we are coming near to the 400 user landmark - thanks for all your feedback, we hope you enjoy the game!

Hello and a happy new year to all of you,
today we released the version 2.0 of our Bitcoin bootcamp. This release contains a major enhanvement: the achievements.
Achievements can be earned by every participant when he performs certain trading activities. For example, he can get achievements for:

• high trading volumes
• high trading frequencies
• high account balances
• good ranking positionings

Good thing: achievements are not only a great way to show your trading skills but also gives each participant a reward in EUR and Bitcoin in the Bitcoin exchange game.

We also are proud to announce that we reached 600 participants. Thereby 15% of all participants are still able to win real Bitcoin at the end of the first round on the 1st of March 2014.

Have fun trading!

We are proud to tell that we  reached over 700 participants! Also, our users seem to like the achievements. Why don't you give it a try? :)

Interesting concept
Will check it out sometime, at the very least good practice

Hello there!

we reached the 900 participants and there is still plenty of time (5 weeks) to trade until the prize of 1,5 Bitcoin will be distributed amongst the top 100 traders.

Have fun trading!

Would you be able to add the ability to toggle to USD view?

Hey devthedev,

I am sure we will add USD as currency, but this is going to take quite a while since we are a german and therefore european exchange game.

Best regards,

Ben

Greetings fellow traders,

the Bitcoin bootcamps engages another historical mark: one thousand participants.

There is still plenty of time left (a whole month) until our prizes will be distributed.

Have fun trading and good luck.

We hope you were able to use the current volatility of the Bitcoin exchange rate to increase your score and therefore your chance of winning.

New participants stream into our Bitcoin exchange game: At the beginning of February, the number of participants reached 1000! The increased number of participants resulted in a movement in the top 10 and nearly 3 weeks remain in the first round. The participant "Gordon Shumway" has moved forward within short time and has shown that in this game a proper strategy can lead to fast successes. Gordon Shunway was able to gather over 1000 Bitcoin and got the achievement "Trader's Wealth - V". He is the first participant who got all possible achievements.

We have decided to feature a "Crazy Giveaway" and he receives 0.01 Bitcoin as an instant bonus that can optionally be paid out in an alternative cryptocurrency. The future will bring further small rewards for different events which won't be announced in advance.

Last but not least we want to refer to the new logo that is displayed in the navigation bar. We hope you like the new design as much as we do. We are sure it rises the logo's recognition value significantly.

Good luck and have fun,

Hello there!

Our Bitcoin exchange game ended in round 1 last week and started today in the second round!

A few winners of the real Bitcoin prizes already withdrawed their won BTC - the winner cashed in about 160€ in real BTC for the first place.

Some Statistics:

Traded BTC: 944.496
Participants: 1.182
Place 1 could increase his starting capital by about 700%

The second round now offers you to join the fun and start heads up with the other participants. You will have three month to trade yourself in the top 100. The best 100 participants will receive real Bitcoin prizes at the end of the second round.

By the way: we have implemented a wallet on draglet.com, where your prizes will be transfered on. This might be an opportunity to store Bitcoin online in a safe environment.