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Title: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on April 24, 2013, 01:05:34 PM Hello,
We are launching a new service, BTCOracle, that allow users to bet on the future price of bitcoin http://www.btcoracle.com/ Right now we only have two possible types of bets as the site is in the beta phase : - Bet that the price will rise in the next 3 hours - Bet that the price will go down in the next 3 hours Please dont hesitate to make us feedback we welcome all of them ;-) Edit : We have just proceeded to a major upgrade including the following changes : Added 2 new time frames : 15 minutes and 1 day Improved leaderboard Improved address selection system Added Coinbase support Added live chat Added history page Improved FAQ Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: KarlChappe on April 28, 2013, 10:40:12 PM I really like your idea. I think you are the first that have implemented this concept to Bitcoin. And I like that you've written your real name in the FAQ. I've never played satoshidice because it's -EV. I don't say your site is +EV but I'll try to beat you ;-) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on April 29, 2013, 01:29:32 AM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: KarlChappe on April 29, 2013, 03:40:30 PM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally. The delay is part of the game. That said, I would prefer one hour delay than 3 hours. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on April 29, 2013, 06:52:38 PM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally. The delay is part of the game. That said, I would prefer one hour delay than 3 hours. no, I mean the delay in time between when they receive the bet and what the price was when sent it. it could be 10 seconds, or it could be 1 hour. that's the nature of Bitcoin transactions from my experience. example, say I want to bet at $141.00 and by the time the payment is received, it has gone up to $142.00? then in 3 hours, the price is $141.50, I will then lose. Get it? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: KarlChappe on April 29, 2013, 07:01:20 PM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally. The delay is part of the game. That said, I would prefer one hour delay than 3 hours. no, I mean the delay in time between when they receive the bet and what the price was when sent it. it could be 10 seconds, or it could be 1 hour. that's the nature of Bitcoin transactions from my experience. example, say I want to bet at $141.00 and by the time the payment is received, it has gone up to $142.00? then in 3 hours, the price is $141.50, I will then lose. Get it? Sorry, I read too quickly what you said. Maybe you're right but I played 4 times and it was saved in few seconds for me. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: Hoco on April 29, 2013, 07:55:57 PM I think, this is a really unique idea. Is there also such an site for LTC?
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: dooglus on April 29, 2013, 09:03:43 PM How does the maximum bet work? Can I send multiple 1 BTC payments in a single transaction to exceed the maximum? Or do I have to make multiple transactions from different addresses?
If you suspect that two bets are from the same person, will you cancel the bets? It seems that your game is open to exploitation. If I'm planning to sell 100k BTC soon, and know that the price will drop at least a little as a result, I can profit very nicely from your site by betting that the price will go down. I can even tell everyone I know and have them all place multiple 1 BTC bets with you. What do you do in such a situation? I checked the FAQ but all I saw was that your "aren't really" worried about it. By the way, I ran a spellcheck on your FAQ page for you: Code: -This is a bitcoin gambling website based on the prices from Mtgox. It allows you to bet wether the price will go up or down for a given period of time, directly with the bitcoin blockchain acting as an inteface. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on April 30, 2013, 03:42:43 PM I fucked up and sent less than .02, forgetting completely about the min bet. Do you send it back or what? ..
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on April 30, 2013, 11:37:09 PM Wow! That was like a bad beat in poker. If my trade registered on your system 3 seconds later, I would have won. It's so retarded, I know BTC prices are going up but this short term 3-hour windows bullshit is impossible to trade on.
Good luck, I'm not playing anymore, fuck that. The margin of error is too big on short term trading. Reminds me of currency trading, you get a margin call and then right after you get wiped out, it goes your direction no problem. It's not that I make sensible trades, but more that the system is designed to profit off my losses. Dumb thing to waste my time on. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: dooglus on May 01, 2013, 12:00:47 AM Wow! That was like a bad beat in poker. If my trade registered on your system 3 seconds later, I would have won. It's so retarded, I know BTC prices are going up but this short term 3-hour windows bullshit is impossible to trade on. Good luck, I'm not playing anymore, fuck that. The margin of error is too big on short term trading. Reminds me of currency trading, you get a margin call and then right after you get wiped out, it goes your direction no problem. It's not that I make sensible trades, but more that the system is designed to profit off my losses. Dumb thing to waste my time on. I think what he's trying to say is that he would like you to offer longer term bets than just the 3 hour ones. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on May 01, 2013, 01:00:14 AM Wow! That was like a bad beat in poker. If my trade registered on your system 3 seconds later, I would have won. It's so retarded, I know BTC prices are going up but this short term 3-hour windows bullshit is impossible to trade on. Good luck, I'm not playing anymore, fuck that. The margin of error is too big on short term trading. Reminds me of currency trading, you get a margin call and then right after you get wiped out, it goes your direction no problem. It's not that I make sensible trades, but more that the system is designed to profit off my losses. Dumb thing to waste my time on. I think what he's trying to say is that he would like you to offer longer term bets than just the 3 hour ones. I don't have to "try" to say anything. I said exactly what I meant to say. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: dooglus on May 01, 2013, 01:18:19 AM I don't have to "try" to say anything. I said exactly what I meant to say. OK. I found your message hard to understand. Most of it seemed to be anger that you lost your gamble with a little paranoia/magical thinking thrown in. The bit where you said "It's not that I make sensible trades" struck me as the exact opposite of what you intended, but I guess not. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:22:08 PM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally. Hello, Yes there is. I dont see any way to go around it. Maybe there is, but there is no way to know the exact time you decide to bet, except with when the bets was propagated on the network. Edit: Actually since we are using blockchain.info as "trustee" to estimate the betting time, if you bet FROM a blockchain.info wallet the bet is actually real time, ie there is no delay between the time you send and the time the timestamp is registered on blockchain.info. Maybe we whould advertise bets from blockchain.info wallets as being real time !!! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:23:42 PM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally. The delay is part of the game. That said, I would prefer one hour delay than 3 hours. We plan to implement a lot more time period during the next release in a few weeks. 15 mins will probably be a total crapshot or exploitable by the right people but we will try it anyway. We plan to release the "beta v2" with 15 mins / 3 hours / 12 housr / 1 day / 1 week. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:24:40 PM I think, this is a really unique idea. Is there also such an site for LTC? Yes, we plan to make a LTC release :))) Thats not top priority for us tho, but definitly once we are kinda satisfied with everything we propose for bitcoins and there is no remaining bugs etc, we will propose the same for LTC Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:26:13 PM How does the maximum bet work? Can I send multiple 1 BTC payments in a single transaction to exceed the maximum? Or do I have to make multiple transactions from different addresses? Yes you can. We have anyway no way to verify thats it is the same person so it is possible. And we are totally fine with it, you can do that if you want. You can even bet 10 btc from the same address if thats your choice. Our protection works by lowering odds if necessary. If there is a dangerous amount of coin for us then after a few 1 btc bets you'll probably see the odds getting offered going down. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:29:36 PM If you suspect that two bets are from the same person, will you cancel the bets? We will NEVER cancel a bet. If the bet is "invalid" it is denied, else every bets will be honored. Even if that cost us money. Our odds system is supposed to be our protection against "spam" bets. If you bet 10 btc on a short succession you'll get very bad odds on the last ones. Feel free to play exactly as you like. Of course we plan to accept huge bets and volume at a latter point, just not now as we are proof testing our idea. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:34:16 PM It seems that your game is open to exploitation. If I'm planning to sell 100k BTC soon, and know that the price will drop at least a little as a result, I can profit very nicely from your site by betting that the price will go down. I can even tell everyone I know and have them all place multiple 1 BTC bets with you. What do you do in such a situation? Well, the first thing I can tell you is that we will do "nothing" and honor everything. Yes, you can game us. We even encourage you to try as we are trying to know the bottlenecks of our system. We will never have a human decision as it is not fair. All decision are taken automatically, with fairest neutral sources (datas from mtgox and timestamp from blockchain). It is the only way to be fair. As monitor such "abuse" case is pretty impossible, the only solution I see we have is not to make it worth your while. Either by odds or because the amounts are not strong enough. In your example, betting 1 bitcoin is clearly meaningless compared to dropping 100k btc. I doubt you will care to bet in such a situation. Thats why we probably will never able to accept 500 bitcoins bets or such, especially on a short time frame. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:36:35 PM By the way, I ran a spellcheck on your FAQ page for you: Thanks ! To be honest it was written very fast and I did not proof read it afterwards, and we are now working 200% of our time on all the issues and new features. I ll definitly get it another look asap. As well sorry for missing the topics, I have two topics on bitcointalk and I have "F5" them for like 2 days and nothing happened so I kinda forgot about them ;)))) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:37:13 PM I fucked up and sent less than .02, forgetting completely about the min bet. Do you send it back or what? .. Yes there is a denied mechanism and we send them back after the bet close. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 12:39:59 PM Wow! That was like a bad beat in poker. If my trade registered on your system 3 seconds later, I would have won. It's so retarded, I know BTC prices are going up but this short term 3-hour windows bullshit is impossible to trade on. Good luck, I'm not playing anymore, fuck that. The margin of error is too big on short term trading. Reminds me of currency trading, you get a margin call and then right after you get wiped out, it goes your direction no problem. It's not that I make sensible trades, but more that the system is designed to profit off my losses. Dumb thing to waste my time on. Yes, 3 hours prediction can be quite gambling. As it was a beta we restriced ourself to something fast to have feedback and see the system running without having to wait weeks. We will try to add longer timeframes as soon as possible to allow people to make less "coinflips" trades. Hopefully 1 week bets or more will suit your needs better. I am sorry that you got unlucky but thanks anyway for trying us :-) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on May 01, 2013, 03:23:52 PM I fucked up and sent less than .02, forgetting completely about the min bet. Do you send it back or what? .. Yes there is a denied mechanism and we send them back after the bet close. I did not get it back. 0.01307538 BTC @ April 30, 2013, at 08:38am PDT (according to coinbase) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 03:48:37 PM Ok here is your bet if I am correct.
14S7fmQLAhjKxE6F5UejUyxVzqXYyktkoQ 0.01307538 30 Apr 2013 17:38:48 $ 139 30 Apr 2013 20:38:48 $ 135.3 denied 1.95 0.01307538 as you can see; this is your bet : https://blockchain.info/tx/8cab2c62a60f80ace4d0eb53a21b4fc46024a915995bc3e629126f18d1a34e2f and this is our "sendback" : https://blockchain.info/tx/b32c1880bfc158f31d5f2cc178fa9f8a9014a820ec3860827fabf845e3c09a8e Hopefully thats helped. Maybe we sent the coin to one of your change address ? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on May 01, 2013, 04:07:28 PM Ok here is your bet if I am correct. 14S7fmQLAhjKxE6F5UejUyxVzqXYyktkoQ 0.01307538 30 Apr 2013 17:38:48 $ 139 30 Apr 2013 20:38:48 $ 135.3 denied 1.95 0.01307538 as you can see; this is your bet : https://blockchain.info/tx/8cab2c62a60f80ace4d0eb53a21b4fc46024a915995bc3e629126f18d1a34e2f and this is our "sendback" : https://blockchain.info/tx/b32c1880bfc158f31d5f2cc178fa9f8a9014a820ec3860827fabf845e3c09a8e Hopefully thats helped. Maybe we sent the coin to one of your change address ? I guess my address changed some how. I don't know how that happened. All I know is I sent from coinbase and didn't get anything back. This was my second and 3 bets I made on your site. 1st one bet .07 and won 2nd denied and got nothing back 3rd lost the bet I did everything the same way each time through coinbase. Do you manually send payments or is it done automatically? My first win took many hours after I won to receive. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: puffpuffpass on May 01, 2013, 04:28:30 PM ok I took a further look at it and I believe you sent back to a wrong address? You can see here my other 0.07321999 bet which I won: https://blockchain.info/address/19f2FYTftZpEjDsu1TKvnzTiuD6X1kZxjb
could be wrong. I don't really understand all this shit. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 04:32:45 PM When there is a bitcoin transaction, it can occur from several address, in that case you sent it from the following 2 addresses :
14S7fmQLAhjKxE6F5UejUyxVzqXYyktkoQ (0.00239661 BTC - Sortie) 19f2FYTftZpEjDsu1TKvnzTiuD6X1kZxjb (0.14307538 BTC - Sortie) We have absolutely no way to know which address you want us to send the money to, so in that case we sent it to the first in the list. What client are you using ? In my opinion the default client is really bad, he keeps creating useless changes address and messing everything up. ---- I gotta look how coinbase does it. I ll investigate. Maybe it use address that have multiple origins where some of those are not yours. In that case then you should NOT use coinbase. I definitly recommend blockchain.info as an online wallet. clean & not messy (ie does not create ton of useles address like the default bitcoind) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 04:36:29 PM Anyway if it happens coinbase dont work with our site we will refund you and put a warning on the website.
I am kinda busy right now I hope you dont mind if I do that later in the day. I ll keep you updated. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 04:38:11 PM Do you manually send payments or is it done automatically? My first win took many hours after I won to receive. Fully automated. but sometimes we got issues (problem with feed, wallet etc.) so sometimes it can be late. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 01, 2013, 05:40:44 PM I did send a big email at coinbase. They are the one having your 0.014c. I asked them to send your bitcoins back.
We are not compatible coinbase right now so stop using it to play : They add stuff to the payout so we dont have any way to know which address is using it. I am recommending blockchain.info wallets but any desktop client must be fine, I guess. I sent you by PM my huge mail I sent to coinbase. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: dooglus on May 01, 2013, 08:47:10 PM If you bet 10 btc on a short succession you'll get very bad odds on the last ones. Feel free to play exactly as you like. I'm hoping not to play at all. I'm horrible at predicting price movements. I was pointing out a possible way that people could exploit your site, but it seems that you have it all worked out already. Reducing the odds you offer once your "book" is out of balance should mitigate the risk significantly. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 10, 2013, 05:42:58 AM Hello guys, a quick update to congratulate all our winners on www.btcoracle.com : So far we have given away 4 bitcoin more than what people have lost !
We are still working on many new features, thanks all for playing ! The odds might seems bad on up, but they reflect the fact that our players have been quite skilled : they are winning much much more than it would be expected with a random guess. Thanks to everyone for your feedback Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: 🏰 TradeFortress 🏰 on May 10, 2013, 08:48:42 AM Why is it taking more than a minute for you to accept a bet I placed? I'm using Blockchain.info which should be directly connected to your node.
Okay, you listed it, however I'm still questioning why it's taking you this long. Bets should be accepted within 5 seconds max. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DeaDTerra on May 10, 2013, 08:50:43 AM I can vouch for OP,
I am working with him on some other projects and I have meet him in real life :) //DeaDTerra Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 10, 2013, 09:04:09 AM Why is it taking more than a minute for you to accept a bet I placed? I'm using Blockchain.info which should be directly connected to your node. Okay, you listed it, however I'm still questioning why it's taking you this long. Bets should be accepted within 5 seconds max. Hello TradeFortress, can you show me which bet you are talking about so I can check it out ? Regards, Emilien @DeadTerra thx :) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 10, 2013, 09:08:56 AM @TradeFortress :
To let you know more about our system, your bet might not show instantaneously (it can takes up to 5 minutes) on our website but we guarantee that the price you'll get will be the price at the time blockchain.info tag your bet. Which can be quite instantaneous or almost, especially using blockchain.info as a wallet since we use them as our source for "neutral" time certification. So we might be late in showing your bet, but we will show it starting at the blockchain.info timestamp with the corresponding mtgox price, which you can verify directly from our website. Hopefully that answer a few of your questions Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: 🏰 TradeFortress 🏰 on May 10, 2013, 09:32:24 AM @TradeFortress : Awesome - I was worried about delaying the bet for a while to catch a good price, but that isn't the case then :)To let you know more about our system, your bet might not show instantaneously (it can takes up to 5 minutes) on our website but we guarantee that the price you'll get will be the price at the time blockchain.info tag your bet. Which can be quite instantaneous or almost, especially using blockchain.info as a wallet since we use them as our source for "neutral" time certification. So we might be late in showing your bet, but we will show it starting at the blockchain.info timestamp with the corresponding mtgox price, which you can verify directly from our website. Hopefully that answer a few of your questions Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 10, 2013, 10:38:17 AM Awesome - I was worried about delaying the bet for a while to catch a good price, but that isn't the case then :) Yes - That would be cheating :D We want to try to run a business as fair and ethical as possible, where everything from our side can be verified easily (feed, timestamp etc.) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: b!z on May 10, 2013, 12:26:55 PM Wow! That was like a bad beat in poker. If my trade registered on your system 3 seconds later, I would have won. It's so retarded, I know BTC prices are going up but this short term 3-hour windows bullshit is impossible to trade on. Good luck, I'm not playing anymore, fuck that. The margin of error is too big on short term trading. Reminds me of currency trading, you get a margin call and then right after you get wiped out, it goes your direction no problem. It's not that I make sensible trades, but more that the system is designed to profit off my losses. Dumb thing to waste my time on. That's how gambling works. Have you ever been to a casino before? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: 🏰 TradeFortress 🏰 on May 10, 2013, 02:13:53 PM I'd suggest working on the FAQ pages, but other than that you may have to decrease payouts again! :)
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 14, 2013, 09:30:26 AM I'd suggest working on the FAQ pages, but other than that you may have to decrease payouts again! :) Thanks for your feedback, I updated the FAQ for grammatical mistakes and incorrect information. http://btcoracle.com/faq.php As our odds, I think they are low enough right now :-) Our goal is still to have them as high as possible, but so far players are winnings on most of the big bets so thats hard to sustain We still paid another ~3 bitcoins to our "top" player which manage to keep winning :p Congrats ! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: dudi on May 14, 2013, 07:34:14 PM 15% profit margin not too much guys?
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 15, 2013, 01:26:09 AM 15% profit margin not too much guys? Actually, Thats a very good point, and one that is bothering us, as we want to offer a possibly profitable service (as can be leveraged trading like bitfinex / bitcoinica etc.). And one that can feels profitable to the users, beyond those that are here purely for the thrill of gambling. So first let me expand on WHY our margin seems so big : - If the people and the price is truly random, then obviously the true odds would be 1:2. That would makes our margin insane. What we are aiming for is not a frightening 15% fee or whatever, but rather a less than 5% house edge. But in a practical world : So far we have a few traders that managed to win a TON, like winning 2/3rd of their bets. And they are betting BIG. We lost almost 10 bitcoins since starting this business. Is this random luck ? Are we just randomly running very bad ? We can't really tell. Maybe a few guys are super skilled, using some walls patterns, betting at the right time, or even having a way to slightly manipulate the market. We really have no idea. Obviously winning day traders exist in real markets, so that's definitely a possibility. All we know is that, if we were to break even for all bets so far, we would need to offer a 1.60 price multiplier. As our pockets aren't infinite and since our statistical data is far from being wide enough, we have no over protection mechanism than to lower the odds to these theorical odds - Finally, comparable business often have payout very low like 60% etc. even with crazy volumes (binary options trading website "scam" which tends to market themselves as investment "win 10 000$ in a few hours from home ! easy without market knowledge" etc.) What we are thinking to introduce now, is a hedging service : For example, You think 1.60 price multiplier is really too low ? Ok, we let you propose 1.80 to everybody using our website, and then the betters are matched against your offer using your bitcoins. If you are convinced that this is profitable long term, then you have an easy mechanism of making money by playing the "banks" instead of us. Of course this is not something we actually propose, just something we are thinking of designing to allow the fairest deal we can offer to the users. Would people be interested to put their money at stakes and proposing better odds than us for the same service ? Thats an idea we wanna explore. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: dudi on May 15, 2013, 07:44:34 PM brada, i think you wanna make money without any skill. the site based on full standard odds. really?
lets try make dynamic odds maybe... if the trend is UP, offer smaller odds on up... and smarter margin will be able to. you understand me. best regards Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: darkmule on May 16, 2013, 02:07:41 PM I have come up with a very low-fee way of gambling on the future value of BTC.
Now, this might be a little crazy, but I take this one step. I buy some BTC! My winning potential is unlimited. Half-kidding, it seems like an amusing idea. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: ElDido on May 20, 2013, 01:38:28 PM Ladies and Gents,
We added a set of new tools for users to check their bets and the prices we use to determine wins and loses ! Have a look and tell us what you think. Good luck ! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: Mooshire on May 20, 2013, 07:25:30 PM Looks cool enough.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 23, 2013, 09:52:37 PM Hello guys, we just did a major update with all of the following :
We have just proceeded to a major upgrade including the following changes : Added 2 new time frames : 15 minutes and 1 day Improved leaderboard Improved address selection system Added Coinbase support Added live chat Added history page Improved FAQ www.btcoracle.com Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: vlees on May 24, 2013, 04:10:43 PM Added 2 new time frames : 15 minutes and 1 day Thanks, tried the 15 minute address :D Feature request: show the servertime on the page or put a countdown in seconds next to every bet. EDIT: And the payout came in. Nice service. Very fast. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 24, 2013, 09:07:47 PM Added 2 new time frames : 15 minutes and 1 day Thanks, tried the 15 minute address :D Feature request: show the servertime on the page or put a countdown in seconds next to every bet. EDIT: And the payout came in. Nice service. Very fast. Thanks for your feedback, this is noted we will try to do that ! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: 🏰 TradeFortress 🏰 on May 26, 2013, 06:43:51 AM Are the times on the webpage my local time?
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: vlees on May 26, 2013, 10:09:37 AM Are the times on the webpage my local time? No, they are the servers time and the servers time is about 1.5 minutes off compared to the real time I think. Also I noticed a few bets were denied by you? What happened there? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 26, 2013, 01:18:44 PM Are the times on the webpage my local time? No, they are the servers time and the servers time is about 1.5 minutes off compared to the real time I think. Also I noticed a few bets were denied by you? What happened there? Some people tried to robs us by using "double spend" transactions. We corrected it "live" by manually denying the bets but one people was still able to stole us a little bit, now this won't work anymore. So now we wait for 3 confirmations on bets to give the winnings. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 26, 2013, 01:20:30 PM Are the times on the webpage my local time? I am not sure which time you are talking about. The time the bets are registered are the timestamp provided by blockchain.info, as can be verified by clicking on any link. So thats a neutral source that anyone can verify. The time we display on your webpage are your local time so thats easier for you to understand when bets close but we are using universal unix timestamps internally. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: vlees on May 26, 2013, 01:34:49 PM So now we wait for 3 confirmations on bets to give the winnings. Okay, makes sense, but I saw you also denied at least 2 transactions that are actually confirmed: https://blockchain.info/tx/9a174f5d3bae4982a52d8672ab90f9f0749cd60b18a41655732488f4f88b46f4 and https://blockchain.info/tx/09b0ab554d78fc1e6547cebc2d839e9dc41e7427c507f64a7ff8e7b3cea619eb Or am I missing something here? EDIT: Also five times in a row I had the problem that the price was high for a long time so I send money to 15 min down. The next transaction is about 30 seconds later with someone dumping a lot of BTC -> That is the price the system takes. Suddenly I apparently bet on 15 min down with a starting price of 130USD (instead of 135.9) (this is an example) after which the price immediately goes up again. So could you please take the price at the moment the money actually came in? And the same for determining the end-price: the price it was actually at the moment it passed and not the first price after it ends. Because this is really starting to piss me off. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 26, 2013, 02:43:12 PM So now we wait for 3 confirmations on bets to give the winnings. Okay, makes sense, but I saw you also denied at least 2 transactions that are actually confirmed: https://blockchain.info/tx/9a174f5d3bae4982a52d8672ab90f9f0749cd60b18a41655732488f4f88b46f4 and https://blockchain.info/tx/09b0ab554d78fc1e6547cebc2d839e9dc41e7427c507f64a7ff8e7b3cea619eb Or am I missing something here? EDIT: Also five times in a row I had the problem that the price was high for a long time so I send money to 15 min down. The next transaction is about 30 seconds later with someone dumping a lot of BTC -> That is the price the system takes. Suddenly I apparently bet on 15 min down with a starting price of 130USD (instead of 135.9) (this is an example) after which the price immediately goes up again. So could you please take the price at the moment the money actually came in? And the same for determining the end-price: the price it was actually at the moment it passed and not the first price after it ends. Because this is really starting to piss me off. Yes, thats our "thief". As you can see from his history page : http://btcoracle.com/search.php?s=13s1X8sLYcJsQKXbya5u91mE5bKEnc8jTP+ He stole much from us (many of his winnings are double spend) so we "took" his 2 last bets (which he was trying to make as double spend as well). About your inquiry, i am deeply sorry for your experience. We had a previous system exactly like the one you are suggesting, we were taking the "last" trade before the bet timestamp, now we are taking the first from the time of the bets. The first solution (the one you say we should do) is the one we had in place earlier for a few weeks. It was more confusing for users and we were unable to propose automated verification with a mtgox link. We are also thinking of moving to a "moving average" method or something, but it would be more confusing as well for users. But I am really taking your feedback into account, and maybe we will move back to the "previous" system : the one where the price you get is the one at the time of your bet, not from the very next trade. I completly understand how it can feel unfair. For us it was a trade off : What you propose feels more correct, but it is harder to give automated verification links so user can verify Based on your feedback, we will probably move back to your proposition, which was as I said our initial system, but it would take us a few day of development and tests before that's available again. Regards Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 26, 2013, 03:12:42 PM If you give me your bets address, I will see what we can do.
But you have to understand that our expected margins are really thin (<5% and so far we did not win money) so we cant really send you much back Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on May 31, 2013, 04:16:11 PM Hello guys, quick update to let you know we added achievements !
Example with one of our top players : http://btcoracle.com/search.php?s=1AJD99s615goCyfdpUBNTJ4m577jbpSZT1 Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 10, 2013, 05:01:11 PM Hello guys, quick update to let you know we added achievements ! Example with one of our top players : http://btcoracle.com/search.php?s=1AJD99s615goCyfdpUBNTJ4m577jbpSZT1 I sent a TXN when price was at 107.62. It was from blockchain.info. Apparently it didn't register at the same time, or real time. https://blockchain.info/tx/34209b9b6398d41aa4c9dccc0580f4f600d876d58fe2f402a453d0408624f2f5 So I'm out .3BTC because your site claims real time betting from blockchain.info and I believed it. How does that constitute real time betting from blockchain.info? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: PurpleTentacle on June 12, 2013, 10:05:58 AM Hello guys, quick update to let you know we added achievements ! Example with one of our top players : http://btcoracle.com/search.php?s=1AJD99s615goCyfdpUBNTJ4m577jbpSZT1 I sent a TXN when price was at 107.62. It was from blockchain.info. Apparently it didn't register at the same time, or real time. https://blockchain.info/tx/34209b9b6398d41aa4c9dccc0580f4f600d876d58fe2f402a453d0408624f2f5 So I'm out .3BTC because your site claims real time betting from blockchain.info and I believed it. How does that constitute real time betting from blockchain.info? I would really like an answer to this, as the same thing happened to me a few times. The site owners seem to be missing in action or they just don't care... Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 12, 2013, 12:12:54 PM Hello guys, quick update to let you know we added achievements ! Example with one of our top players : http://btcoracle.com/search.php?s=1AJD99s615goCyfdpUBNTJ4m577jbpSZT1 I sent a TXN when price was at 107.62. It was from blockchain.info. Apparently it didn't register at the same time, or real time. https://blockchain.info/tx/34209b9b6398d41aa4c9dccc0580f4f600d876d58fe2f402a453d0408624f2f5 So I'm out .3BTC because your site claims real time betting from blockchain.info and I believed it. How does that constitute real time betting from blockchain.info? I would really like an answer to this, as the same thing happened to me a few times. The site owners seem to be missing in action or they just don't care... BUMP. Blockchain.info real-time betting does not happen on btc-oracle. So why do they claim it does? Answers required. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: vlees on June 12, 2013, 12:22:20 PM It uses the time from blockchain.com. Blockchain received the transaction on 2013-06-07 16:40:59 and they took the price of the first transaction on or after that second from Mt. Gox.
Nevermind: This should be the correct price for starting: https://data.mtgox.com/api/1/BTCUSD/trades?since=1370623259000000&limit=1 $107.9927 Ending price: https://data.mtgox.com/api/1/BTCUSD/trades?since=1370709659000000&limit=1 108.16 Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 12, 2013, 02:28:34 PM It uses the time from blockchain.com. Blockchain received the transaction on 2013-06-07 16:40:59 and they took the price of the first transaction on or after that second from Mt. Gox. Nevermind: This should be the correct price for starting: https://data.mtgox.com/api/1/BTCUSD/trades?since=1370623259000000&limit=1 $107.9927 Ending price: https://data.mtgox.com/api/1/BTCUSD/trades?since=1370709659000000&limit=1 108.16 Ok, so I should I have won this bet, but I lost it. Clearly the price was 107.99 when I placed... but oracle registered it as 110.... WTF? http://imgur.com/OjbjXUx My bet on the site. I know the price was 107 when I place it. It has been confirmed against the MTGOX data. Would a DarkEmi or a responsible party please explain what the deal is? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on June 12, 2013, 04:06:05 PM Hello Deadweasel,
Sorry I am looking at your issue right now. I don't check the forum daily, the surest way to contact us within a short time frame is the support mail, sorry for all the issue. Just right now something that I can say about our system, from our FAQ : " If your bet starts at 09:00:00, we take the first trade thats occurs starting at 09:00:00. If your bet is expected to close at 12:00:00, we will take the price from the first trade that occurs since 12:00:00. " Your complaint is not the first one like this we have. At such, we will actively work to revert the system back to what it was; meaning we will take the LAST trade at the time of your bet and not the first trade at the time of your bet I am sorry I can not check much more as right now blockchain.info is down, so our service probably is. I come back to you with a solution as soon as blockchain.info is up and running. I am posting again with a decision from my team regarding your bet in the upcoming hours, as soon as blockchain.info is up again Best regards, Emilien Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 12, 2013, 04:16:28 PM Hello Deadweasel, Sorry I am looking at your issue right now. I don't check the forum daily, the surest way to contact us within a short time frame is the support mail, sorry for all the issue. Just right now something that I can say about our system, from our FAQ : " If your bet starts at 09:00:00, we take the first trade thats occurs starting at 09:00:00. If your bet is expected to close at 12:00:00, we will take the price from the first trade that occurs since 12:00:00. " Your complaint is not the first one like this we have. At such, we will actively work to revert the system back to what it was; meaning we will take the LAST trade at the time of your bet and not the first trade at the time of your bet I am sorry I can not check much more as right now blockchain.info is down, so our service probably is. I come back to you with a solution as soon as blockchain.info is up and running. As blockchain.info is down it means that our service can't work anymore as well just right now, sorry for the inconvenience. I am posting again with a decision from my team regarding your bet in the upcoming hours, as soon as blockchain.info is up again Best regards, Emilien Hi DarkEmi, I appreciate the response. I look forward to solution! Cheers, A Dead Weasel Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on June 12, 2013, 04:23:59 PM It looks like indeed there was a bug with your bet,
We are still looking into this issue, please be patient :D If you won and you lost because of a bug, please rest assured that we will pay you manually as if you won. But please understand the investigation on our side can take up to a day :) As we have not identified the origin of the bug yet please refrain from betting, regards :) Edit : To be sure I am analysing the correct bet, can you confirm your bet is this one : 1GdtkZzhZTzBssUq6bnE27cz4rv5SJ4sr5 0.3 07 Jun 18:40:59 $ 110.22 08 Jun 18:40:59 $ 108.16 lost 1.74 0 Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 12, 2013, 04:26:39 PM It looks like indeed there was a bug with your bet, We are still looking into this issue, please be patient :D If you won and you lost because of a bug, please rest assured that we will pay you manually as if you won. But please understand the investigation on our side can take up to a day :) As we have not identified the origin of the bug yet please refrain from betting, regards :) Edit : To be sure I am analysing the correct bet, can you confirm your bet is this one : 1GdtkZzhZTzBssUq6bnE27cz4rv5SJ4sr5 0.3 07 Jun 18:40:59 $ 110.22 08 Jun 18:40:59 $ 108.16 lost 1.74 0 Yes, Correct. I will be patient. Thanks for investigating! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on June 12, 2013, 04:34:07 PM Ok,
We have not idenfitied the bug yet for sure, but we are sure that you did indeed won. So 0.522 bitcoin (0.3 * 1.74) are coming to you right now, sorry for the inconvenience you experienced ! https://blockchain.info/fr/tx/dd74301c0fb6400406699ef48aeb6c7e12a7792324ea337377cb624406414e72 Regards, Emilien Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 12, 2013, 04:34:10 PM It looks like indeed there was a bug with your bet, We are still looking into this issue, please be patient :D If you won and you lost because of a bug, please rest assured that we will pay you manually as if you won. But please understand the investigation on our side can take up to a day :) As we have not identified the origin of the bug yet please refrain from betting, regards :) Edit : To be sure I am analysing the correct bet, can you confirm your bet is this one : 1GdtkZzhZTzBssUq6bnE27cz4rv5SJ4sr5 0.3 07 Jun 18:40:59 $ 110.22 08 Jun 18:40:59 $ 108.16 lost 1.74 0 Yes, Correct. I will be patient. Thanks for investigating! I have just been credited the winning amount. BTCoracle has excellent customer service and are running a legit site. This makes me very happy. Time to go bet the winnings! (after the bug is fixed). I'm in your corner now, BTCoracle. Cheers! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on June 12, 2013, 05:46:24 PM For complete transparency here is what happened :
The issue is on our market data providers. We lost the market data access for around an hour or so, we got it some time after your bet was started thus we took an incorrect trade value for your bet. We are tightening our protection system. If anyone had the same issue while loosing a bet, contact us and we will correct this as well. I dont think this happened a lot, I found only one bet with the same issue with a quick search and it has been winning. If you happened to win a bet which you should have lost instead, then well lucky you ;D You can bet freely, sorry for any inconvenience :) Please note that we still have the system where we take the price of the first trade occuring after your bet is registered on blockchain.info. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: deadweasel on June 12, 2013, 05:47:40 PM For complete transparency here is what happened : The issue is on our market data providers. We lost the market data access for around an hour or so, we got it some time after your bet was started thus we took an incorrect trade value for your bet. We are tightening our protection system. If anyone had the same issue while loosing a bet, contact us and we will correct this as well. I dont think this happened a lot, I found only one bet with the same issue with a quick search and it has been winning. If you happened to win a bet which you should have lost instead, then well lucky you ;D You can bet freely, sorry for any inconvenience :) Please note that we still have the system where we take the first trade occuring after your bet is registered on blockchain.info. Great, thanks for the quick work! It's nice to see professionalism seeping into more BTC biz! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: MattFoster42 on June 13, 2013, 12:55:46 AM Hi, any ideas what is happening with https://data.mtgox.com/api/1/BTCUSD/trades?since=1371082860000000&limit=1
Which you can see in https://data.mtgox.com/api/1/BTCUSD/trades?since=1371082860000000&limit=1 Still pending data....... Thx Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on June 13, 2013, 02:22:32 AM Hello
Yes it seems the protection mechanism against missing market data that I did put in place was too tight, I have loosen it a bit and now your bet is correctly registered. Sorry :) Good luck ! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: Zephir on July 01, 2013, 11:03:37 AM Hello.
Really nice site. I love to bet a bit, with play money, since a month ago and you have great customer support, if anything goes wrong. Just minutes later you gave answers and everything went correct after that. I like it. ;D Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on July 01, 2013, 07:56:26 PM Thanks for your kind word sir, thats always appreciated !
And good luck :) btw, we just introduced "touch" bets to our system. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: PurpleTentacle on July 02, 2013, 06:26:45 AM Hello Deadweasel, Sorry I am looking at your issue right now. I don't check the forum daily, the surest way to contact us within a short time frame is the support mail, sorry for all the issue. Just right now something that I can say about our system, from our FAQ : " If your bet starts at 09:00:00, we take the first trade thats occurs starting at 09:00:00. If your bet is expected to close at 12:00:00, we will take the price from the first trade that occurs since 12:00:00. " Your complaint is not the first one like this we have. At such, we will actively work to revert the system back to what it was; meaning we will take the LAST trade at the time of your bet and not the first trade at the time of your bet I am sorry I can not check much more as right now blockchain.info is down, so our service probably is. I come back to you with a solution as soon as blockchain.info is up and running. I am posting again with a decision from my team regarding your bet in the upcoming hours, as soon as blockchain.info is up again Best regards, Emilien Hi DarkEmi, is there any progress in reverting the system back? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: Zephir on July 02, 2013, 09:35:15 AM Why changing a working system?
I donīt think, that players are appreciate, if they change the running system. It is complete irrelevant, if they take the price before, or after placing the bet. Most of the time the blockchain is a few seconds till a minute ahead of Gox time. So your bet will never arrive right at the dot, you wanna have it. Just deal with it. It is gambling! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on July 02, 2013, 10:28:02 AM Hello PurpleTentacle and Zephir,
We are still unsure about this change actually. This is still a heated discussion in our team :) As Zephir said, reverting the system pose a lot of problem because people are used of the way it is now. In any case, what is most important to us is what players want, and we are unsure of that, but unless there is a strong consensus we wont change the system now we think. Another issue, is we propose simple verification links for players with mtgox, and we cannot propose these tools anymore if we change the system. Regards, Emilien Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on July 04, 2013, 03:06:20 PM This guy is on a incredible run :
http://btcoracle.com/search.php?s=1EFRRUNTXiMA7qRzbgwyZfayjuSawoHpXo Insider info or manipulation ::) Anyhow, following his position sounds like a good idea Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: starsoccer9 on November 18, 2013, 04:34:42 AM Looks like site has frozen and stopped payouts. not sure if its a bug or he has chosen to run off now.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: bitdragon on December 05, 2013, 10:40:30 AM Last week I ran a little chart based on their history page and it seems they were down around 20Bitcoins overall from April to December 2nd.
Not very encouraging, at least in the mid term. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: realcoin on December 10, 2013, 10:55:16 AM only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally. Hello, Yes there is. I dont see any way to go around it. Maybe there is, but there is no way to know the exact time you decide to bet, except with when the bets was propagated on the network. Edit: Actually since we are using blockchain.info as "trustee" to estimate the betting time, if you bet FROM a blockchain.info wallet the bet is actually real time, ie there is no delay between the time you send and the time the timestamp is registered on blockchain.info. Maybe we whould advertise bets from blockchain.info wallets as being real time !!! Quote Due to a bug at mtgox the trading looped for hours and the mtgox trading data does not exist. As a consequence, we will refund all options that were opened during this timeframe. http://i.imm.io/1lWU3.pngThanks all for your support ! more info on this issue on reddit: http://www.reddit.com/r/Bitcoin/comments/1s9fef/we_are_stuck_in_replay/ http://www.btcoracle.com/index.php Does someone trade this options? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: mnightwaffle on December 12, 2013, 11:25:22 PM I really enjoy betting on oracle, excellent idea. Currently at 70% wins on 15 minute bets while being a total amateur with tradingview :-[
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on December 13, 2013, 03:04:05 PM Last week I ran a little chart based on their history page and it seems they were down around 20Bitcoins overall from April to December 2nd. Not very encouraging, at least in the mid term. Haha thats correct sir we are down around 20 bitcoins :D Still struggling to make a profit the users are skilled ;o Ideally the winning players should make money from the loosers, minus a small edge Don't worry we are well funded and in bitcoin for the long run ! Thanks you guys for using our service ! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: coinrevo on January 10, 2014, 02:15:47 PM Interesting concept. I haven't used the site, since the odds are far from fair for an honest participant. Payouts and winrate continue to be abnormally high. In the short term the fair factor would be 2.0 x, not 1.3x. So its unlikely that the winners are honest (dishonest profits have to be subtract from earnings of honest participants). I'm quite surprised that they can do this, as influencing market prices takes a lot of capital.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: ElDido on January 11, 2014, 06:32:24 PM You are correct.
Altough odds can change quite quickly so stay tuned. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: BTCetera on February 26, 2014, 02:21:19 AM You are correct. Altough odds can change quite quickly so stay tuned. So what are the plans for BTCoracle now that Gox has halted trading? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: starsoccer9 on February 26, 2014, 04:06:38 PM You are correct. Altough odds can change quite quickly so stay tuned. So what are the plans for BTCoracle now that Gox has halted trading? They will most likely simply change exchanges, tho I am quite pissed on how the decided to end options. rather then just a refund they are just using the last price as the last price for all options Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: mem on July 02, 2014, 08:14:24 AM ZOMBIE THREAD !!!
Is this site still in operation. I see they have changed to bitstamp prices but I cant find any signs of life otherwise. Anyone made any recent bets here ? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: starsoccer9 on July 02, 2014, 01:31:23 PM the site to my knowledge still works.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: counter on July 02, 2014, 04:18:18 PM I used the site like a month or so ago and it worked fine for me. I had always wanted to try it out and I had fun even though I lost.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: mem on July 17, 2014, 03:19:22 AM I used the site like a month or so ago and it worked fine for me. I had always wanted to try it out and I had fun even though I lost. good to hear, thanks I'll approve it now :) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: erre on January 06, 2015, 09:54:26 AM So what's going on with this site lately?
I have placed some bets in the past and all want smooth, but now bitstamp is down and the site seems blocked. . Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: ndnh on January 06, 2015, 11:18:02 AM So what's going on with this site lately? I have placed some bets in the past and all want smooth, but now bitstamp is down and the site seems blocked. . Yeah. they should either suspend the service or switch to another major exchange like bitfinex. http://bitcoinity.org/markets/image?span=24h&size=medium¤cy=USD&exchange=bitstamp Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: erre on January 06, 2015, 11:23:50 AM So what's going on with this site lately? I have placed some bets in the past and all want smooth, but now bitstamp is down and the site seems blocked. . Yeah. they should either suspend the service or switch to another major exchange like bitfinex. http://bitcoinity.org/markets/image?span=24h&size=medium¤cy=USD&exchange=bitstamp But what about my cureentry running or finished bets? Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: asdlolciterquit on January 06, 2015, 11:37:39 AM too bad this doesn't work anymore. Uhm...maybe it's better to me: this kind of bet is addicted to me!
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: ndnh on January 07, 2015, 10:30:20 AM So what's going on with this site lately? I have placed some bets in the past and all want smooth, but now bitstamp is down and the site seems blocked. . Yeah. they should either suspend the service or switch to another major exchange like bitfinex. http://bitcoinity.org/markets/image?span=24h&size=medium¤cy=USD&exchange=bitstamp But what about my cureentry running or finished bets? I think it will be refunded. I am not sure though. They usually either resume it if bitstamp resumes service beofre the bet expiry or refund the amount. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: erre on January 07, 2015, 10:32:58 AM I got this response from support :)
Quote Hello Erre, This is an unusuall situation for everybody but we will act this time the same as when MtGox went down: use the last trading price available as a reference. Expired options will be settled today and running options will be dealt with once they expire. Best regards, Adrien Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on March 04, 2015, 10:38:36 AM Hello guys,
We have been running for 2 years but we are not dead :) I want to thank you anyone that has been using our service Let me know if you have any questions, comments or suggestions. I ll try to monitor this topic in the following hours ! Emilien Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: activebiz on March 04, 2015, 11:32:36 AM nice games. there's a lot of options to play.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: DarkEmi on March 04, 2015, 01:30:18 PM nice games. there's a lot of options to play. thank you for your kind word ! Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: mnightwaffle on September 05, 2015, 10:08:24 PM Why is the "Current Bitstamp price $xxx USD/BTC" on the front page always off by like $30?
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: Monopoly on September 05, 2015, 10:41:04 PM Very nice ... I like that ..... i am in ... price under 231
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: mnightwaffle on September 05, 2015, 10:49:37 PM Very nice ... I like that ..... i am in ... price under 231 I think internally it is all pretty accurate but front page is glitched........ maybe bitstamp is so boring to look at Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: bitwarrior on September 06, 2015, 12:45:03 AM Why is the "Current Bitstamp price $xxx USD/BTC" on the front page always off by like $30? Been wondering that myself too :) But it is a good gambling game and I might put some of my bets soon. Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: ndnh on September 06, 2015, 05:33:09 AM Why is the "Current Bitstamp price $xxx USD/BTC" on the front page always off by like $30? Been wondering that myself too :) But it is a good gambling game and I might put some of my bets soon. Yeah, something like $260. Not sure it is running or not at the moment ??? Edit: Corrected to real price. Dang! should have bet down. ;) Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: mrbigA on September 06, 2015, 07:45:45 AM Nice and unique idea.
Title: Re: BTCOracle : Bet on the future price of bitcoin ! Post by: Pony789 on September 06, 2015, 10:18:38 AM Yeah, something like $260. Not sure it is running or not at the moment ??? Edit: Corrected to real price. Dang! should have bet down. ;) It is still showing $264.54 to me. The btc price on those running and closed options do look right though. |
