Initially i focus on technical and making the website ready .later i would focus  on partner's prepared planned on launch .
when i say partner most times work is shared 50-50
 

juggy thanks for your reply ,

i dont feel its risky model ,since i payout only crowdfunded , i do understand i may lose out few customers if the payout are less , however will see an other workaround what can it be done at later stage to retain the customer .

yes timezone is issue , however i chose the index value from single reputed market (say google /coindesk) which most parts of world checks for bitcoin value .
 
if there are multiple winners as mentioned above , max payout is 100$ or crowd received fund (first come first basis).

regarding spending on website/servers avoiding scammers ,bots is definetly an challenge i need to plan later technically to make it safer .

thanks

gotottack ,
thanks for replying

1)regarding closing price-
i do undesrtand its 24/7 market. hence i chose it will be today's midnight GMT timestamp closing price  .

2)it wont be set odds gambling . i would rather chose to make it prefer it to be simple to user . prediction starts from 1:00 AM and ends at 10:00 PM . will annouce the result next day morning 5:00 AM  .

First 100 correct predictors will get 100 $ or the money recieved from crowd fund .

does it makes sense . i am still new to this and trying to discuss with you guys and then plan to launch . so plz educate me , if i am missing or my understanding is wrong

thanks

Hi Friends ,

I am planning to launch an daily prediction contest website on bitcoin closing price . concept is simple --
User pays 10cent per prediction (max allowed prediction per user is 5 attempts) , winners will get max 100$ worth of bitcoin or crowd fund received .

Will this business model work good ??
Any pros and cons ? or better suggestion .

I need business partner who has sound knowledge on bitcoin ready to invest and take this business model to next level .
1)partner should be wellversed with bitcoin (market , trading , mining, payment gateway solution )
2)blogging
3)marketing strategy



 

Hi Friends ,

I am planning to launch an daily prediction contest website on bitcoin closing price . concept is simple --
User pays 10cent per prediction (max allowed prediction per user is 5 attempts) , winners will get max 100$ worth of bitcoin or crowd fund recieved .

Will this business model work good ??
Any pros and cons ?