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Author Topic: Bitcoin price bet ?  (Read 2952 times)
patt0
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October 27, 2015, 02:53:59 PM
 #41

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

Why do you want to bet? You could just trade the btc market. I think btc-e.com is probably the biggest trading platform for crypto currencies , but I'm not sure about this.

Because betting gives us more freedom for the payments are odds as compared to trading platforms .Betting is completely based on luck/knowledge at times but trading is totally based on the market behavior that is sensex/economy/inflation the factors that affect the price of the coins .Also at btc-e they have other policies along with them which in long term will make you broke anyway . 

Did not know about that. I know betfair has that system, they let you bet on the movement of prices of either currencies or even stocks if I remember right (never used it though). If only they would accept btc.

Eastwind
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October 27, 2015, 04:02:04 PM
 #42

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

Ever try sparkprofit? They have a bitcoin option, although the prize is not much, you can make a free bet.

LoL your question is make a bitcoin trading like a gambling(although it's almost same, but it's different actually) xD

This website seems interesting, but it's quite strange. This was like if they were giving away money ! This is too good to be true.

Did you wager some bet on their website? Did you win something? Did you get some free money form there?
Erkallys (OP)
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October 27, 2015, 06:48:34 PM
 #43

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

Ever try sparkprofit? They have a bitcoin option, although the prize is not much, you can make a free bet.

LoL your question is make a bitcoin trading like a gambling(although it's almost same, but it's different actually) xD

This website seems interesting, but it's quite strange. This was like if they were giving away money ! This is too good to be true.

Did you wager some bet on their website? Did you win something? Did you get some free money form there?

Yes. I register and I did some really profitable oil predictions. The rolling number at the top the screen tells me that I have around 10 000 points but I have no idea at all how much money it's worth.
NeedaLoan?
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October 27, 2015, 06:52:50 PM
 #44

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

Ever try sparkprofit? They have a bitcoin option, although the prize is not much, you can make a free bet.

LoL your question is make a bitcoin trading like a gambling(although it's almost same, but it's different actually) xD

This website seems interesting, but it's quite strange. This was like if they were giving away money ! This is too good to be true.

Did you wager some bet on their website? Did you win something? Did you get some free money form there?

Yes. I register and I did some really profitable oil predictions. The rolling number at the top the screen tells me that I have around 10 000 points but I have no idea at all how much money it's worth.

Well if it worths some money let us known and share your knowledge.
schnib
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October 27, 2015, 07:37:14 PM
 #45

isnt this possible on a lot of sites already?
there are prediction markets like https://www.fairlay.com/

edit :
just saw they don't have any btc price related bets at the moment, but as far as i know you can propose any bet you like.

TeamSecret
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October 29, 2015, 01:38:43 AM
 #46

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

Ever try sparkprofit? They have a bitcoin option, although the prize is not much, you can make a free bet.

LoL your question is make a bitcoin trading like a gambling(although it's almost same, but it's different actually) xD

This website seems interesting, but it's quite strange. This was like if they were giving away money ! This is too good to be true.

Did you wager some bet on their website? Did you win something? Did you get some free money form there?


Yes. I register and I did some really profitable oil predictions. The rolling number at the top the screen tells me that I have around 10 000 points but I have no idea at all how much money it's worth.

Well if it worths some money let us known and share your knowledge.

I can give you our side, by running preevbtc.club...
In results, we are atm with a negative balance around 40% of the initial investment. This is also related with the rally that is ongoing. We don’t know how it will be when the price gets more stable. We do not pretend to close, because our users are mostly owner of our coin too. Today we need to bough more to pay. But its been funny and i think costumers enjoy too, ofc
Smiley
Mo2015
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October 29, 2015, 11:39:12 PM
 #47

I just saw a post for new site that does this, but not sure about it 
Here is the the thread https://bitcointalk.org/index.php?topic=1229357.msg12825854

BetBTC
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October 30, 2015, 12:51:01 AM
 #48

We are running a Special Event which is to predict if price will be higher or lower than 300$ on Bitstamp at the end of the month.
https://www.betbtc.co/markets/55141

Eastwind
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November 01, 2015, 06:06:35 PM
 #49

We are running a Special Event which is to predict if price will be higher or lower than 300$ on Bitstamp at the end of the month.
https://www.betbtc.co/markets/55141


That bet is very interesting. Is it possible for a big whale to manipulate the bitcoin market so that he will win against the casino?
bitcoinboy12
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November 01, 2015, 07:10:24 PM
 #50

I have play in prediction price in spark profit but im lucky to gain profit with no risk and got the exact  predict. I also try it in second trade it also give the exact predict in bitcoin like in spark profit.. You can try it..

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November 01, 2015, 10:13:31 PM
 #51

Bitcoin's price is one of the most unpredictable things in the world.

I would not bet it at all, all traditional trading analytical patterns are useless with BTC.
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November 01, 2015, 10:20:47 PM
 #52

There is a site that accept any kind of bet. But it is player vs player, so you need to find people willing to bet against you.

The problem is that most of the bets don't attract much people so it is not fun.

A site similar to sportbooks for BTC price would be a good idea
Eastwind
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November 02, 2015, 07:56:11 AM
 #53

There is a site that accept any kind of bet. But it is player vs player, so you need to find people willing to bet against you.

The problem is that most of the bets don't attract much people so it is not fun.

A site similar to sportbooks for BTC price would be a good idea

If you are very cable person, you can win long term in the player vs player casino. This is still a not good business for most people as the casino will take commission.
Eastwind
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November 02, 2015, 08:06:17 AM
 #54

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

If you can now or predict that kind of movements in prices, you can trade.  Roll Eyes I think you do not need gamble. If I have any knowledge that, I prefer to choose trading.

In stock market, if somebody thinks the share price will rise, he can use leverage to buy futures. He can manipulate the price by buying the shares to push up the price further.
WhatTheGox
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November 02, 2015, 10:30:40 AM
 #55

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.

I assume its not more popular to bet on things like this because most people would get the best price by trading in the free markets. If i had to bet on bitcoin/litecoin i'd say up up up right now.
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November 02, 2015, 10:38:46 AM
 #56

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.
There are many websites that offer you such things, but the only problem with them is that most of them offer too low odds that gambling on them isn't worth it. I've seen people betting on 1.2x for guessing next hour's/ half an hour's price. That's too low and that's why i like to stay away from them.
kotwica666
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November 04, 2015, 01:31:30 PM
 #57

Today it's possible to bet on anything, from weather to the next US president. But would it be possible to bet on Bitcoin price or on any other major crypto-currency price, like Dash, Doge, Ethereum or Litecoin ? With big price movements of Bicoin these past days it could be interesting Smiley.
There are many websites that offer you such things, but the only problem with them is that most of them offer too low odds that gambling on them isn't worth it. I've seen people betting on 1.2x for guessing next hour's/ half an hour's price. That's too low and that's why i like to stay away from them.

I'm sure that odds for longer terms will be higher.. But with Bitcoin time is better for player then for service. If i will have betting service i will never let play for long time with Bitcoin price. We all know that BTC price will be only growing.. Wink  Grin

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Joel_Jantsen
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November 04, 2015, 04:09:45 PM
 #58

isnt this possible on a lot of sites already?
there are prediction markets like https://www.fairlay.com/

edit :
just saw they don't have any btc price related bets at the moment, but as far as i know you can propose any bet you like.

Yeah but on what conditions ? No websites can hold this kind of bets because the people who are good at Financial Marketing will always win this and its quite predictable what is going to happen next if you study the patterns.
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November 04, 2015, 04:38:00 PM
 #59

We are running a Special Event which is to predict if price will be higher or lower than 300$ on Bitstamp at the end of the month.
https://www.betbtc.co/markets/55141


That bet is very interesting. Is it possible for a big whale to manipulate the bitcoin market so that he will win against the casino?

I think this is a good question for BetBTC. But we still do not get their answer.  Smiley
Bitcoin price betting is quite interesting, but i do not know how many odds that the site will give. Maybe @1.05 ?
Like sports betting game which know who will be the best choice between 'lower' or 'higher'.
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November 04, 2015, 11:32:55 PM
 #60

isnt this possible on a lot of sites already?
there are prediction markets like https://www.fairlay.com/

edit :
just saw they don't have any btc price related bets at the moment, but as far as i know you can propose any bet you like.

Yeah but on what conditions ? No websites can hold this kind of bets because the people who are good at Financial Marketing will always win this and its quite predictable what is going to happen next if you study the patterns.

I don't think it's that predictable, specially in BTC that is so volatile. I still think trading is very similar to gambling, what traders do very well, is to minimize their losses. And yes they have some skill predicting, but it's their stop loss that is just amazing, on a good trader.

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