Bitcoin Forum

Expiry:
150 hours ie. around 6.25 days
You win if price crosses $277 anytime within 150 hours.

Provably Fair:
Using Bitstamp prices as per http://bitcoinity.org/markets

Address:
Address to send bets to : 1P7AFhpycso993KaJVB4puCP7getNKGi2f

Limits:
Max bet = 3BTC
Min bet = 0.1BTC

Rate = 1.55x

Starts now!

(I will change the win price and rate when prices makes big turns.)


Illustration:
You make 1BTC bet right now at price $235
After 3 hours, price crosses 265 to 270 and falls down to $200.
You win.
Payment will be made right after you win.
You walk away with a profit of 0.5BTC


I might use your funds to purchase barrier options for the same.

Reserved for bets and results

and how will you pay with 0 in the wallet? https://blockchain.info/address/14UrrL4afDzFgd3o1nvqFyWsNj9Q75TJH2

That is the address I use for the game. I cannot mix both wallets. Otherwise, I won't know which fund is mine, which fund is a bet.

Your funds will be safe whatever happens (unless you lose of course), I assure you complete safety of your funds, as long as the bet is only 3BTC.

1.5x is big enough. You have to consider that the price will not be calculated at the time of expiry.
That is you will win if even if the price crosses 265 anytime during 150 hours.

265 it hasnt reached that amount in weeks what are u on about ? lol.

???
It has already hit 265+ a few hours ago. Please do something yourself before posting.  :-\
Check high:
http://i.gyazo.com/0ca4ac9419d1494cf1ce9da69cbd102d.png

And remember you got 150 hours, not just 24 to win.

That is a good idea IMO, though I am not a trader.
We already have several sites offering binary options and futures, but no one is offering other products such as barrier options and vanilla options.

But in coming days can be a massive dump too as Bter lost 7k+ btcs and they will be dumped by the thieves . So everything is possible  this is unpredictable.

I am thinking if some of those coins have been dumped already since the price have dropped from $265 to $228 in a short time span.

It is a game similar to binary option, but you have 0 balance, you can't show your ability to pay if people win in the bet.  :'(

The game is fine, but how do we know you have enough funds to pay everyone?

Will the fund get escrowed ? how can we be sure that the money will be safe in the next 6 days?

lol, my balance is not zero.
It will be difficult for me to convert all my holdings to btc and withdraw to a wallet and sign it. But, you can trust my reputation on that.

I give 100% guarantee that your funds will be safe, even if my wallet get hacked or bitfinex etc. goes down. but the latter would mean price dropping further and you losing, lol. I will have enough funds to cover any loss.

The offer will be limited and as the price rises to say $240+, i will be changing the payout etc. If you want the current bet, place it now before the odds change. A substantial market move will change the odds.

You can also, trust on my reputation. I am the original owner of the account and will never intend to sell or indulge in unethical activities/malpractices. If you did not get the payment, you will be free to call up the mods and leave me a negative trust feedback.

I once again, assure you, there is no question of me losing your funds. The only question is whether you will win the bet or lose it.

The game is provably fair.

Head to http://bitcoinity.org/ -> Click on markets -> Bitstamp

You can easily know once you won. Moreover, there is a this : change: +0.56%      high: 0.268      low: 0.228

Can you please sign a message from your bitcoin address (>than 5 btc)?  Only for security.

I am sorry, it is very difficult for me to do so, as I mentioned earlier.

The max bet is 3BTC, btw. I will not accept more than that.


Also, the address has been changed to https://blockchain.info/address/1P7AFhpycso993KaJVB4puCP7getNKGi2f
It is an address generated solely for this.
since you guys are assuming I am paying out of that address just because I had used it a few days ago.
No funds were send to the previous address.

Update: price is moving up. Currently at $237.

When it hits $240, the payout and crossing price will change. All bets made before will be locked in to the rate atm.

great idea.

Yeah, but if you are planning to implement it, you have to consider that bitcoin price is highly volatile. So don't get into losses. Other than that, there is not much of a problem.
This type of options is called barrier options as you probably already know.

I think that opening a 20x long in okcoin is safer and more profitable

You are free to do anything you like. My offer stands.

There is a big chance to win.

Closed for 12 hours till I get back later and adjust odds etc.

Would you allow bettors to bet using an escrow? For ex. Someone wants to bet 1 BTC, so instead of sending it directly to you, he sends it to an escrow, say tomatocage and you also send .5 BTC to tomatocage and wait. If the price bounces and he wins, escrow will send the 1.5 BTC to the bettor, if it does not, escrow will send it to you?

I am only asking because some people expressed their concerns about the security of their funds and this way they'll bet without any worries.

can't I bet in the opposite outcome?

I'm curious, has anyone placed a bet yet?

its closed now how can anyone place a bet?

Yeah, but the problem is I currently don't have 1 BTC liquid in my hot wallet.

I will soon be able to do that, but till then you will have to place bets like this. I will get at least 0.1BTC a day fresh liquid funds. In about a week, i will be ready.

Till then it is okay to bet directly to the address I provided. My account is valuable to me and I won't risk it even for 10BTC. (I know it isn't worth even 1BTC to you. But odds are if I were you, I will trust me. ) :)

If you don't have 1 BTC as of right now, why are you taking bets up to 3 BTC? You won't risk your account for even 10 BTC you say, but would you for 11 BTC?

I would recommend nobody to get involved in this ponzi scheme.

lol, I won't risk my account for anything. and this is NOT a ponzi scheme. Please read what a ponzi is before making useless comments here.

If price reaches 250 and up, I will close my margin position with a huge profit. (at bitfinex). I will additionally use the funds, as stated in OP for making some corresponding barrier, vanilla and binary options in certain sites.

It is okay if you don't want to try it. I can understand. I will get everything ready in a week, ie. the funds, the escrow, signed address, etc. :)

as I am new in this forum activities, I would like to get some advice from the seniors and experienced persons about, how to be safe on gambling. If I lose money it's okay but I don't want to get cheated. I would like to know, If there any safe service like escrow exist or not. Suppose if I pay someone BTC 1 to get 120% profit after 7 days. what kind of security action should I know and how to avoid scam

Nothing good is going to come of this thread...
/me grabs popcorn

1.5x rate is way too small as the price bounces around 230 dollars

Just use an escrow for any such kind of bet and you should be safe from any scams.

Price already touched $265 in BitStamp several hours ago, so you have closed the betting  ;D

Escrow is fine with me. But you will have to wait a week for me to get enough funds free. I suppose I will be able to get around 1.5BTC free by then. And I will loser the max to 1BTC if you are so scared of trusting me.

1.5x is fairly good odds. It might go up or down depending on the price. I will not go below it, or I will end up broke. :P

I will just wait till I get enough funds. If anyone sees an opportunity before that post here and want to take advantage of it, and I will reply.

I can do:
1. 150 hour binary options
2. 150 hour barrier options (this thread for example.)
3. Long term binary option like even 4 months. (I don't recommend that though, period is toooo long)
4. Short term binary options (Don't bother with me. Just go to secondstrade.com)
5. vanilla options

how? its now like 240$ did i miss the pump or something?

Reopened.

New target : $277 anytime in 150 hours (6.25 days)

Reward : 1,55x

Read this post before you consider "betting" with this user!

You guys are idiots. Guy is going to use your funds to leverage it 5:1 or 10:1 or has a binary option site that has better rates then this. So thus if it does hit $277 or whatever price he sets, he has a stop-loss in place to exit out of his position at that price or an option that auto wins.

There is no way he actually has the funds since he can't even sign a message showing he has 1 BTC. I could even sign that and then move the funds off if god forbid I have that much moving around needed...

Like I said and he even said it in the OP, he is offering a bet that he knows he can hedge so that if you win, in reality he wins for free off of you...

Freerolling off your money.

DO NOT bet with this user. Look around, you can find better with a trusted site.

Edit, found the option this somewhat-scammer is trying to use...Go to BTCOracle.com. They have a 7 day option where if the price goes up 10% at ANY TIME you win 1.68x your sent funds. So thus...$245 currently, if it hits ~$270 at anytime you win. Oh look like I said hes trying to freeroll off your funds, he has none of his own. So thus...you send him 1 BTC...he bets 1 BTC on that option and if it hits he wins 1.68 BTC and only returns 1.55 back to you...worst part is it if hits $270 but never hits $277 he still wins 1.68 BTC and owes you NOTHING.

Just another get-rich-quick scheme and not being honest about what hes trying to do. Funny is this guy was already called out months before of being a scammer / sketchy...

What is this guy saying? No, I am only experimenting with barrier options. It is nothing like I use it to bet or anything.
The statement I don't have enough funds is false.
I just repaid 0.2BTC loan yesterday and this is the withdrawal tx from safedice a few seconds ago. https://blockchain.info/tx/47ee8618095ae2f2922b6661f405df68b732f29192b51b33d9db53260a141b90

Well, since this is getting out of hand I am locking this thread.

Please understand that I did not have any such intention. I don't even have an account with OKCoin. I swear!.

Gave you a + trust feedback for pointing this out.

Please reply to PM.  ;)