Bitcoin Forum

Economy => Gambling => Topic started by: nocube on April 29, 2013, 12:14:49 AM



Title: [CLOSED] BitcoinMeister.com - The price falls every second!
Post by: nocube on April 29, 2013, 12:14:49 AM
BitcoinMeister is yet another chain game, but with some notable differences.

You can choose the price increase yourself, within the boundaries of x1.2 and x10. You can play it safe or go for the BTCBTCBTC.

But the price will not be fixed, it'll fall every second. The rate is determined by the newly set price and the previous price, as the price falls back to the previous price within 24 hours. After that it'll continue to fall at the same rate.

When someone has overthrown you, you will get the newly paid price minus a ~3% fee after 6 confirmations.

Furthermore you have the possibility to brag about your accomplishment by showing an image or video on the homepage. Or you can simply advertise your website. (Every URL/image/video has to be approved one time before it'll be displayed.)

There are no random resets and no time limits.

http://www.bitcoinmeister.com/ (http://www.bitcoinmeister.com/)


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: xan_The_Dragon on April 29, 2013, 02:17:19 AM
I like it


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on April 29, 2013, 02:18:16 AM
I like it

Thank you!  :D


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: BTCdude007 on April 29, 2013, 02:36:00 AM
I gave it a shot. Let's see what happens.

Looks to be an interesting twist on bitcoingem.com. I gave up playing bitcoingem as it got overrun by bots and I could
never get a turn.


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on April 29, 2013, 02:38:53 AM
"Go Bitcoin!!!" is the new BitcoinMeister. Congratulations!

He/She bought at 0.0862 BTC and set the new price to 0.11 BTC. In 24 hours the price will be at 0.0862 again, in 48 hours 0.0675 BTC, and so on.

@BTCdude007:
Thanks for the shot. :)


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: Yurkov on April 29, 2013, 09:46:43 AM
whats the profit rate?


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: tutkarz on April 29, 2013, 11:10:22 AM
my game btctreasure.com (http://btctreasure.com) had this idea from the start but i quickly changed it because to me people will always wait for the price to drop low and then buy. Which means everybody will lose always small sums of money. But maybe somehow it wont be the case. I wish you good luck anyway :)


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on April 29, 2013, 12:49:09 PM
whats the profit rate?

There's no fixed profit rate, as 1. the new price is set by yourself and 2. the price then drops all the time.  Let's say you buy at 0.1 BTC and pricing it 0.3 BTC.

This would be your expected profit/loss after x hours:

HoursPricePayoutProfit/LossProfit/Loss %
00.30000.29100.1910191 %
30.26150.25360.1536153.6 %
60.22790.22100.1210121 %
90.19870.19270.092792.7 %
120.17320.16800.068068 %
150.15090.14630.046346.3 %
180.13160.12760.027627.6 %
210.11470.11120.011211.2 %
240.10000.0970-0.0030-3 %
270.08710.0844-0.0156-15.6 %
300.07590.0736-0.0264-26.4 %
330.06620.0642-0.0358-35.8 %
360.05770.0559-0.0441-44.1 %
390.05030.0487-0.0513-51.3 %
420.04380.0424-0.0576-57.6 %
450.03820.0370-0.0630-63 %
480.03330.0323-0.0677-67.7 %
600.01920.0186-0.0814-81.4 %
720.01110.0107-0.0893-89.3 %

If you have any questions, feel free to ask them.

@tutkarz:
Thanks for the insight. Also good luck to you :)


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on April 29, 2013, 11:16:45 PM
The price is almost back at the previous price. Bad luck so far for BTCdude007, but that might be the chance for someone else to buy it cheaply.


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on April 30, 2013, 07:22:21 AM
I've decided to buy it myself, so that BTCdude007's loss is only 0.0063 BTC.


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on May 02, 2013, 10:36:32 AM
The price has dropped below 0.025 BTC.


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: BTCdude007 on May 02, 2013, 08:31:18 PM
I've decided to buy it myself, so that BTCdude007's loss is only 0.0063 BTC.

Thank you  ;)

It was just play money.


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on May 02, 2013, 08:54:40 PM
You're welcome.


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: TradeFortress 🏕 on May 02, 2013, 09:38:36 PM
Good luck losing money!  :D


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on May 02, 2013, 09:42:41 PM
Good luck losing money!  :D

I don't need luck for that ;)


Title: Re: BitcoinMeister.com - The price falls every second!
Post by: nocube on May 02, 2013, 10:50:34 PM
Okay, kind words aren't good enough for you, so I have to threaten you! When the price drops below 0.001 BTC, the game will be shut down forever* and I will be the BitcoinMeister FOREVER*!! When it has been shut down, there's nothing you can do about it. Do you really want that? Do you really want to live in a world, where nocube is the all-powerful BitcoinMeister?! Stop me and become the BitcoinMeister yourself! (It's pretty cheap.)

 ;)

* at least one month

edit: ....aaand it's gone!