Stockr.co - Bet on hourly and daily candle changes!

[Stockr.co]

Stockr.co is an online platform with a user friendly interface created to allow traders and alike to place wagers on the price change of crypto currencies. We offer wagers for 1hr and Daily timelines. It is a lot like sports betting. We create the line on whether we think price will go UP or DOWN in the next timeframe. We allow you to place wagers on that.

We started this platform in hopes of filling a void. As avid traders for past 10 years, when there was a set up for a certain timeline, I had to care about slippage, platform fees, small gains. Stockr.co offers flexibility for day traders and investors alike. It can be used to hedge your current gains or do scalping in the short term.

Say Bitcoin is trading at $6,300 at 13:56PM. You think that bitcoin price will rise in the next hour. We allow you to place a wager before 14:00PM. The odds for the price of bitcoin to be higher than $6,300 at 14:00PM are -145. Your wager of 1 BTC will earn you .69 BTC and a total payout of 1.69BTC available to withdraw as soon as your initial deposit has been confirmed.

Same can be applied if you think that bitcoin will fall in price in the next hour.

Our priority in this venture and in this community is Fairness and Transparency. We are looking to develop a tight-knit community that offers support to new and existing members of our expanding bitcoin community.

Our number one priority is building your trust. This industry is very volatile and has seen plenty of ventures come and go. This has left a lot of the members apprehensive. We aim to bring down those walls and offer a friendly, transparent and fair place for all to participate in.

We offer wagers on all the major crypto currencies:
LTCUSD, BTCUSD, BCHUSD, ETHUSD, ZECUSD, XRPUSD, XLMUSD
(if you would like others, please use LiveChat on the website)

The prices are reflected by BitFinex.

We are based in San Francisco, USA.

We can be contacted 24/7 through the LiveChat on the website or reached stockr.co@gmail.com and our team will do their best for a quick response.

Minimum Bet: .0001 BTC
Maximum Bet: .003204 BTC (For 2 weeks)

Instagram: http://instagram.com/stockr.co
Facebook: https://www.facebook.com/stockr.co/
Email: stockr.co@gmail.com

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[MP_SI]

Why is there a cap on maximal bet?

[Thekool1s]

Why is there a cap on maximal bet?

Cuz of their bankroll. You aren't investing in anything. You are just betting against the house for what an X Stock will be worth after an hour. They are a binary options website. BTW OP the return of 69% is too low TBH. There many binary options which offer a higher ROI. Also, How can we validate that indeed the bitfinex rates are being used? This is too Risky TBH. You can be one of a whale on Bitfinex and could manipulate the results in your favour. Or someone can make you go bankrupt by manipulating the rates on bitfinex. How do you ensure there isn't a manipulation going on by either end?

[Stockr.co]

Why is there a cap on maximal bet?

Cuz of their bankroll. You aren't investing in anything. You are just betting against the house for what an X Stock will be worth after an hour. They are a binary options website. BTW OP the return of 69% is too low TBH. There many binary options which offer a higher ROI. Also, How can we validate that indeed the bitfinex rates are being used? This is too Risky TBH. You can be one of a whale on Bitfinex and could manipulate the results in your favour. Or someone can make you go bankrupt by manipulating the rates on bitfinex. How do you ensure there isn't a manipulation going on by either end?

You can validate that BitFinex rates are used by matching the prices from your platform and from ours. If the prices match or are very close, we are probably using the same platform.

We're not associated with BitFinex at all. BitFinex is a standalone company. I guess the solution to this would be to enable use of different data providers by the user, which is something that we can offer in the future.

[carlfebz2]

Minimum Bet: .0001 BTC
Maximum Bet: .003204 BTC (For 2 weeks)

Basing with these minimal and max amounts assuming you do only have small bankroll but its still better than nothing at all.This is just like binary where you bet on prices on a particular timeframe.
The thing I do complain about is on the time on where you can make a bet span of 4-5 minutes on a hourly result will really be a disadvantage.

[BitCoinDream]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

[Thekool1s]

You can validate that BitFinex rates are used by matching the prices from your platform and from ours. If the prices match or are very close, we are probably using the same platform.

Doesn't changes the fact that the rates weren't manipulated in your favour.

I guess the solution to this would be to enable use of different data providers by the user, which is something that we can offer in the future.

No, it isn't the solution. Just because you are using data from multiple sources doesn't mean that they can't be manipulated. Just like @BitCoinDream said these binary options aren't provable fair and the house edge is a quite large one with them usually at around 11-20% on average. A whopping 33% in your case.

[Stockr.co]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Would be be able to tell me of other games that are the same way? Why do you think it is not fair? If you are confident in your trading ability, why not?

[leowonderful]

I think the site that BitCoinDream was referencing was secondstrade.com, which closed down sometime in 2017 due to an apparent database hack that emptied the site of most of their funds. The Secondstrade account was also purportedly hacked and is now negged. I'm still not completely sure what happened in that whole situation and whether or not it was a deliberate scheme to run away with user funds.

Interesting game. I've always liked binary options, but the 69% rate definitely turns me away when there are other sites with higher rates out there. I may still check out the site, though. Do you have any idea what your maximum bet will become after the low maximum bet is removed?

[bbc.reporter]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Not provably fair how? There are no random number generators used in the game. The game is only about betting on the price of a coin if it goes high or low. Also, everything is based on the prices of the major cryptocoin markets in Bitfinex. It is not a dice game.

[stomachgrowls]

I think the site that BitCoinDream was referencing was secondstrade.com, which closed down sometime in 2017 due to an apparent database hack that emptied the site of most of their funds. The Secondstrade account was also purportedly hacked and is now negged. I'm still not completely sure what happened in that whole situation and whether or not it was a deliberate scheme to run away with user funds.

Interesting game. I've always liked binary options, but the 69% rate definitely turns me away when there are other sites with higher rates out there. I may still check out the site, though. Do you have any idea what your maximum bet will become after the low maximum bet is removed?

Maybe the odds do increase out when the time is close to the limit hourly time.Im not sure if this how it works but if not or shall we say its already fixed then it would be a big turn-off these odds will really put you to hesitation to make bet.

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Not provably fair how? There are no random number generators used in the game. The game is only about betting on the price of a coin if it goes high or low. Also, everything is based on the prices of the major cryptocoin markets in Bitfinex. It is not a dice game.

This clearly states that this dude doesnt even know on whats binary-option like which do talks about provably fair. 

[Thekool1s]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Not provably fair how? There are no random number generators used in the game. The game is only about betting on the price of a coin if it goes high or low. Also, everything is based on the prices of the major cryptocoin markets in Bitfinex. It is not a dice game.

'Provable fair' in the sense of free from 'manipulation'. What makes you think OP isn't a whale and can't manipulate the bitcoin price at bitfinex? Let's say I max bet on BTC that it will be above $6200 in an hour and OP has a good chunk of BTCs and can manipulate the price to drop below $6200. He wins all the bets plus by backs at the lower price due to panic sellers. He makes a good chunk of money in an hour and there is no way for the gambler to verify that the manipulation was done by OP or some other whale. While the opposite is also true, Some 'whale' can make them go Bankrupt by manipulating the price on bitfinex in his favour.

[slaman29]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Not provably fair how? There are no random number generators used in the game. The game is only about betting on the price of a coin if it goes high or low. Also, everything is based on the prices of the major cryptocoin markets in Bitfinex. It is not a dice game.

You couldn't apply the same provably fair mechanisms (using cryptographic hash calculations etc) but actually there are some ways to help prove the game is fair. Maybe timestamps fed into Bitfinex API (or other way round) that enter the snapshot into blockchain or something. I'm not a coder but there should be ways to make this "Provably fair".

I don't know why you would bet like this though. Why not just make an account and trade on x100 leverage or something? Then you lose or win all the same. Maybe I just don't get the attraction.

[bbc.reporter]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Not provably fair how? There are no random number generators used in the game. The game is only about betting on the price of a coin if it goes high or low. Also, everything is based on the prices of the major cryptocoin markets in Bitfinex. It is not a dice game.

'Provable fair' in the sense of free from 'manipulation'. What makes you think OP isn't a whale and can't manipulate the bitcoin price at bitfinex? Let's say I max bet on BTC that it will be above $6200 in an hour and OP has a good chunk of BTCs and can manipulate the price to drop below $6200. He wins all the bets plus by backs at the lower price due to panic sellers. He makes a good chunk of money in an hour and there is no way for the gambler to verify that the manipulation was done by OP or some other whale. While the opposite is also true, Some 'whale' can make them go Bankrupt by manipulating the price on bitfinex in his favour.

You appear to be trying too hard by using that as an argument. It's silly hehehe. I reckon a real whale will not be so foolish to do all the work to open a binary options site and do more work to manipulate the market just to make small returns.

@slaman29. Bitfinex. The provably fair exchange. That would be their new marketing tagline hehehe.

[Tipstar]

Binary options had made a good market in forex and commodity trading but has been a let down for cryptos.
There were few good binary options but they ceased operating and some popular gambling sites too introduce the binary options in some period of time and disabling them eventually. I was scammed a bit of amount by the latest that went off, gogooptions and I'm cautious when it comes to something like that. I'd wait for some users to review there use of the site before jumping in.

[Thekool1s]

You appear to be trying too hard by using that as an argument. It's silly hehehe. I reckon a real whale will not be so foolish to do all the work to open a binary options site and do more work to manipulate the market just to make small returns.

So what? it's a valid one. Plus it doesn't have to be a whale to manipulate the price. It can be a pump and dump group trying to make more money. The only thing 'silly' here is you trying to troll people and failing badly at it... :3

[Patatas]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Would be be able to tell me of other games that are the same way? Why do you think it is not fair? If you are confident in your trading ability, why not?

Because he doesn't control the market? If he's a trading genius, he can just double his money on the exchanges thereby avoiding all the gamble or so-called candle challenges? It's a gamble clearly.

[slaman29]

I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.

Would be be able to tell me of other games that are the same way? Why do you think it is not fair? If you are confident in your trading ability, why not?

Because he doesn't control the market? If he's a trading genius, he can just double his money on the exchanges thereby avoiding all the gamble or so-called candle challenges? It's a gamble clearly.

Exactly. It's the same poor logic everybody who ever sells a strategy, bot, technique, whatever. Even those marketers who sell tickets to their positive motivation seminars or self help books or whatever. If you can make a million dollars all by yourself, trading or gambling or whatever, why would you want to make small change from selling those tips? If you were truly "good" you would be giving it for free.

Like I said, I just don't get why people interested in the market would want to bet on this game, not knowing how the decisions are truly made. Not that I think OP could control the market at all. Just if you really want to gamble on the price. Go long or go short. Easy peasy.

[DarkDays]

Isn't this pretty much exactly the same as opening a short/long position on Bitmex?

Can you explain the difference between Stockr.co and margin trading as they seem to be extremely similar.

You can validate that BitFinex rates are used by matching the prices from your platform and from ours. If the prices match or are very close, we are probably using the same platform.

Doesn't changes the fact that the rates weren't manipulated in your favour.

I guess the solution to this would be to enable use of different data providers by the user, which is something that we can offer in the future.

No, it isn't the solution. Just because you are using data from multiple sources doesn't mean that they can't be manipulated. Just like @BitCoinDream said these binary options aren't provable fair and the house edge is a quite large one with them usually at around 11-20% on average. A whopping 33% in your case.

This users suggests that your house edge is 33%, can you confirm this to be the case? If so, how can you justify such a significant house edge when the industry standard for betting portals is closed to 1-2%?

[bbc.reporter]

You appear to be trying too hard by using that as an argument. It's silly hehehe. I reckon a real whale will not be so foolish to do all the work to open a binary options site and do more work to manipulate the market just to make small returns.

So what? it's a valid one. Plus it doesn't have to be a whale to manipulate the price. It can be a pump and dump group trying to make more money. The only thing 'silly' here is you trying to troll people and failing badly at it... :3

It is a valid one, but how can you make the market provably fair? This is not a dice game a developer can prove by use of code that the algorithm for the rolls are fair.

Asking a binary options site to make the game provably fair is silly.