draglet Bitcoin bootcamp launched - learn to trade, win real BTC (100% free)

[armodilloben]

Hello dear bitcointalkers,

we just launched our draglet Bitcoin bootcamp on https://www.draglet.com/en .

Our Bitcoin exchange game allows everybody interested in Bitcoin to dive into the trading activities of cryptographic currencies without taking the risk of financial losses. Each participant's balance will result in a personal score that determines his ranking. The first round (which started on 1st of December) will end on 1st of February 2014. At the end of the first round, one real Bitcoin will be distributed to the top 100 participants.

After registering for free, the participants are able to place the first orders. The aim of the game is to increase the starting capital, which is 100,000€ and 100 Bitcoin. The exchange rate will never deviate too far from the actual development of the Bitcoin exchange rate.

We provide a detailed FAQ which answers most questions about our Bitcoin exchange game.

Support is available by e-mail, IRC and plenty of feedbackboxes in the logged-in area.

Achievements coming soon!

Best regards,

Ben

[rizhiy87]

Thanks. I'ts like demo in forex. Good oportunity to try myself as BTCtrader

[bitcoinpsftp]

Let me see if I understand.  If I get into the top 100, I get 1 BTC for myself?  So you're giving away 100BTC (100,000 USD)?  How exactly does this work?  Am I missing something here? 

Maybe you mean that I'll get 1BTC (which belongs to you) and can invest it for you.  But then if I make profit on it, can I somehow get winnings for myself?  Do I earn money from this?

[niktitan132]

Just registred to test it out

[FanEagle]

Registered, ready to trade.

[AuroraHF]

I've just registered on the site. Will this be a monthly thing or is it just a one time contest?

[armodilloben]

Hey peeps, thank you very much for your response!

to the distribution of prizes: We provide a FAQ Page ( https://www.draglet.com/en/faq ) , the distribution is explained there.

to the rounds: We will have more (presumably 3 rounds), each round yielding prizes and (ofc) achievements for the placing

I am glad that we get such a positive response and am looking forward to answer your Feedbacks / support inquiries!

[lucaspm98]

Signed up, but have not received the confirmation email. I guess it will come soon. Great idea!

[TheJacob]

So this is a market within self. Comprised of solely people from this contest?

Wouldn't it make more sense to just use the real price of bitcoin?

Also, is there a way to see the bids/asks?

[devthedev]

Is there any way to trade in USD? EUR bothers me.

Overall pretty awesome site so far!

[viridisk]

This looks interesting, signed up!

[rizhiy87]

Let me see if I understand.  If I get into the top 100, I get 1 BTC for myself?  So you're giving away 100BTC (100,000 USD)?  How exactly does this work?  Am I missing something here?

Read "How big is the prize pool and what how does the exact distribution look like" section in FAQ. I think they will share 1BTC with first 100 participants.

Can anyune explain me difference between "limited" and "at best" orders? Why I can't close "at best" order by myself? when does it closes?

[armodilloben]

Hey, I can explain it, if you like

Limited Orders are specified by the amount of Bitcoins to be sold/bought and the limit that you are willing to sell/buy for at least/at most. So you place a sell order, "SELL 1 Bitcoin for 900€."

Only if someone would bid 900€ for your Bitcoin, the orders would be matched and the trade executed. It is possible that it takes 2 months until someone is bidding 900€ for 1 Bitcoin, the order would have to wait 2 months then in order to be executed.

Execute best (or unlimited) orders are only specified by the amount of Bitcoins to be sold/bought. You will then get the best price available on the market. You place a buy order, "BUY 1 Bitcoin"

This means that you will get the cheapest 1 Bitcoin on the market. Also, this will be done almost instantly, as long as open orders are on the market.

We have also some other features in our order matching engine, this limited/unlimited stuff is pretty basic. What's not basic is the opportunity to place as much orders as possible, if the needed balance is not available, the order will be "paused". When the balance is available and a matching order counterpart is found, the order will be matched and executed. This allows you to trigger whole "Buy and sell Chains", but also opens a new risk: "the automated money burning machine."

This happens when you have two orders that - in combination - result in a sure financial loss. For example, you have an old paused order "Buy 10000 Bitcoins for 700€/BTC", the order is paused because you have no Euro Balance. Then you add another order, which is "sell 10000 Bitcoins for 650€". This order could be executed (you have Bitcoins Balance, matching orders can be found) but would kill 50€ + transaction fees per Bitcoin (700 Buy, 650 Sell). We implemented a plausability check that is supposed to protect our participants from burning money by placing contradicting orders.

Edit:

Signed up, but have not received the confirmation email. I guess it will come soon. Great idea!

Did u receive the confirmation mail? If not, just give me a shout, "I'm helping"

[armodilloben]

I hope I did not overload you guys with information .

By the way: at the current user count, every user wins real Bitcoins... signing up still is very rewarding

[clicksmoney]

By the way: at the current user count, every user wins real Bitcoins... signing up still is very rewarding

Now at 123 since your post so 23 don't win real BTC. So get good fast I guess.

[bitcoinpsftp]

I hope I did not overload you guys with information .

By the way: at the current user count, every user wins real Bitcoins... signing up still is very rewarding

You do mean that every user wins real FRACTIONS of a bitcoin, correct?  As in, 0.28 BTC for first place?  I just want to confirm this.  Because I am much more likely to trust a site giving away 1BTC, than a site advertising to give away 20BTC for 2 months of time invested by user.

[armodilloben]

Hello,

in our FAQ the distribution is explained in detail. Yes, the first place gets  ~25% of prizepool, which currently is about those 0.28 BTC. Unfortunately we are not Bitcoin Millionaires and therefore cannot give away 20 Bitcoins

But: We are thinking about increasing the prize pool in the near future, stay stuned.

[bitcoinpsftp]

Hello,

in our FAQ the distribution is explained in detail. Yes, the first place gets  ~25% of prizepool, which currently is about those 0.28 BTC. Unfortunately we are not Bitcoin Millionaires and therefore cannot give away 20 Bitcoins

But: We are thinking about increasing the prize pool in the near future, stay stuned.

I think it's a fascinating concept, and honestly 0.28 BTC is quite a nice reward for not having to pay any money, and just play a game.  Nothing wrong with it.  What keeps bugging my mind is where this game is headed (like what's the reason of it).  Are you planning on making a real bitcoin market, and are these players just stress testing the system before taking it live?  That's my first guess...

[devthedev]

Hello,

in our FAQ the distribution is explained in detail. Yes, the first place gets  ~25% of prizepool, which currently is about those 0.28 BTC. Unfortunately we are not Bitcoin Millionaires and therefore cannot give away 20 Bitcoins

But: We are thinking about increasing the prize pool in the near future, stay stuned.

I think it's a fascinating concept, and honestly 0.28 BTC is quite a nice reward for not having to pay any money, and just play a game.  Nothing wrong with it.  What keeps bugging my mind is where this game is headed (like what's the reason of it).  Are you planning on making a real bitcoin market, and are these players just stress testing the system before taking it live?  That's my first guess...

This is a pretty amazing idea if that's what they're working up to!

[viridisk]

I've been much more successful here than in the live market

But then again, for live makret you must make you own script for generating weighted graphs, and it's given here so it's easier.