BITRUN - PREDICT THE PRICE OF BITCOIN AND WIN BITCOIN

[Taskford]

I just registered on the bitrun APP gambling site, is it only bitcoin that accept deposits? why don't we add trx, eth & LTC I suggest this first because this coin is very often used on other gambling sites, by the way do we make promotional events to find more customers?

Yes bitcoin is the only accepted payment method at the moment and perhaps the site will add altcoins in the near future. Coming up to the minimum bet, I think it can be reduced to at least 10k satoshi or even 5k satoshi since the current price of bitcoin is getting expensive. 5k satoshi is close to $1 so I think letting players to bet as low as possible will be a good start. I myself still think that 5k satoshi is too high for a minimum bet to be honest. So the best thing to do is to offer a min bet as low as possible because it will cover all type of gamblers (from small bankroll players up to whales).

I'll go with that minimum bet allowing traders/gamblers to play inside and enjoy this binary
trading types of games, if you wanted to attract gamblers / traders better to lowered your
initial bet once those players enjoy and see the potential from your site, it will bring more
deposit to your site, considering the current value of Bitcoin better to adjust and let it more
convenient for everyone to play.

Majority of people that do make out complaints on here is on about into its minimum amount fee which is indeed too high and basing off with current value of bitcoin.
People wont see this as an appealing one and i've remembered that there are binary options like in the past similar to this that had launched like https://betinance.com/game

I think it's not a complain but rather a question on why the minimum is huge and maybe the owner of those site should take a look on this since it already give a doubt to the users who want to try this site and it always good to make the site more reachable by small gamblers since for sure if they lower the minimum bets they can lure more people and it can build a community towards on this.

But let's just see if they listen to the community suggestion since this one will determine if they are listening to their players.

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[bitcoin31]

I highly reommended to you to put all details about the game so the use who are visited this thread will not ask more question.
But the game is something new and it is perfectly fit for the gambler who are always do a prediction of the bitcoin value.
The design is good for me it is cathy to the eye who is more attract also I recommend to advetise it.

[shoreno]

I highly reommended to you to put all details about the game so the use who are visited this thread will not ask more question.

they did . they already put the details on how to play the game . the details is short and pretty much straight forward because the game was so simple and its only predicting the price of btc . i didnt check the site yet and its only up to thier betting interface if its noob friendly or not .

what they only didnt put on this thread is the detail related to betting amount  . i saw a debate above and they talk about reducing the minimum bet but they didnt mention if how much is the sites current bet amount which im verry much curious to know

[Cling18]

I haven't played such games as this before so it sounds exciting for me but I think instead of posting the video of instruction on your site, you better include everything here so it will be easier for us to understand it. One more thing is the KYC that you require, most players aren't comfortable with it so I guess you better try to eliminate it for the majority. All in all, your site looks attractive and it also looks good just like popular gambling sites.

[panjul07]

saw a debate above and they talk about reducing the minimum bet but they didnt mention if how much is the sites current bet amount which im verry much curious to know

Frankly speaking I have no account in this site but there was someone said that the min bet is 0.001btc which worth more than $19 with the current bitcoin price.
It is obvious that 0.001btc is too high for a minimum bet, only whales will be OK with this minimum bet IMO.

One more thing is the KYC that you require, most players aren't comfortable with it so I guess you better try to eliminate it for the majority.

OP has clarified about this thing as quoted below:

KYC & Blocked countries - There is currently no KYC proccess in place on our platform. It is however an option for the future if it is required from us in the process of getting a licence in certain countries.
The blocked countries list directly corelates to this - since we do not have a KYC and a licence, we cannot operate in countries which require KYC / licence  - hence the restricted countries list. As we are currently in demo, you can access our service from everywhere and the restriction is not yet enforced.

[supine]

If I'm not mistaken we mandatory need to provide KYC due to your AML policy right? Also if I'm not mistaken it's more likely an IQ Option where in you need to predict the price in a couple of seconds so I think it's not the first one?

I also know some sites that have this kind of game where we would predict the price of Bitcoin.
I couldn't remember but I know there is a trading site that also have a prediction game like this if the BTC price would be higher or lower in the next day or week I couldn't remember it well.

[Mahanton]

If I'm not mistaken we mandatory need to provide KYC due to your AML policy right? Also if I'm not mistaken it's more likely an IQ Option where in you need to predict the price in a couple of seconds so I think it's not the first one?

I also know some sites that have this kind of game where we would predict the price of Bitcoin.
I couldn't remember but I know there is a trading site that also have a prediction game like this if the BTC price would be higher or lower in the next day or week I couldn't remember it well.

There is but due to unpopularity then its expected that we would really be forgetting the names.One had been mentioned out above by a user which
is also a binary option type of gambling site where you do need to predict the price of bitcoin on where it would be heading.
Is there any plan for marketing for this one like signature campaign or what?

[Pmalek]

Frankly speaking I have no account in this site but there was someone said that the min bet is 0.001btc which worth more than $19 with the current bitcoin price.

The minimum deposit is 0.001BTC according to the info I found in their Terms and Conditions. Nothing below that will get credited to a user's account. The minimum withdrawal is in the same range. I wonder why they didn't include any info regarding the minimum betting amounts though.

[Finestream]

Very unique game, unfortunately I am not going to try anymore since my country is restricted from accessing this.

~snip~
https://bitrun.app/terms

This is actually good for the current situation as we are in the bull run, and the price is very volatile, more action than the usual market movement.

[Ucy]

saw a debate above and they talk about reducing the minimum bet but they didnt mention if how much is the sites current bet amount which im verry much curious to know

Frankly speaking I have no account in this site but there was someone said that the min bet is 0.001btc which worth more than $19 with the current bitcoin price.
It is obvious that 0.001btc is too high for a minimum bet, only whales will be OK with this minimum bet IMO.

The $19 could be considered very risky bet by average bettors, worst still is losing all the money if a bet is lost. Betting sites should always consider making bets as less risky as a possible to all their bettors otherwise they would be violating rules on safe/responsible betting by encouraging bettors to take big betting risk (or gamble)

[rhomelmabini]

Licence - we do not have a licence at the moment, which is why we only plan to operate in countries that do not require us to aquire one. Once we get the licences, we plan to remove excluded countries from the list

If you're getting popularity then better to plan this one in the near future so that you'll get more people from different countries, there's too many restricted one to be honest. This is a unique game to be honest and I do like it.

[Chikito]

Just playing free mode, it's hard to get the precise,

Code:

0.001 BTC	- 0.001 BTC	19313.01	LONG > 19315.08	19313.03	11/25/2020 10:35

I bet long and the locked price 19313.01 then the final price is 19313.03, 

how they calculate the mid-range? Is there a random range?

[Bitrunapp]

We have already taken most of the ideas and feedback into consideration.
I also thank all the members for answering a lot of the questions.

One issue that really stands out is the minimum bet.
Since our site cannot operate without players and a strong community, we would very much like to hear your suggestions.

What kind of bets range would you be prepared to play?

Regarding other suggestions - we are already implementing them.

Regarding new countries - you can access the site from anywhere currently as we are in beta. Once we go live and start advertising, we legaly cannot add countries in which we are not allowed to operate. If we did, we would directly violate the law, resulsing in a - blacklisting of our service and b - risk fines, which is not a viable business model. :-)

I will be back tomorrow with a list of all changes that we have implemented. Hope we understood everything correctly and the changes will improve the user experience.

[Bitrunapp]

Q: how they calculate the mid-range? Is there a random range?
A: when calculating the mid-range, we always take into account the current market volatility, meaning the game is playable at any volatility of the market. The mid-range is not a fixed percent of the BTC price. If it was, this would result in the price jumping from short to long too much and the game would be impossible to play.

[Ucy]

Just playing free mode, it's hard to get the precise,

Code:

0.001 BTC	- 0.001 BTC	19313.01	LONG > 19315.08	19313.03	11/25/2020 10:35

I bet long and the locked price 19313.01 then the final price is 19313.03, 

how they calculate the mid-range? Is there a random range?

interesting. 
Will likely try free mode too to better understand the game. Just felt the need to test  it after watching the video tutorial. There are features I expect are included on the platform...  Hope they are included.

[XZERO1]

Q: how they calculate the mid-range? Is there a random range?
A: when calculating the mid-range, we always take into account the current market volatility, meaning the game is playable at any volatility of the market. The mid-range is not a fixed percent of the BTC price. If it was, this would result in the price jumping from short to long too much and the game would be impossible to play.

Where do you get your prices from?, any specific exchange or maybe it's just average price of some different exchanges?, I think knowing that will give users some transparency and definitely will help with trust issue and eventually will lead you to gain more users for your website, also other trading pairs like ETH/USD are going to be added anytime in the future or it's going to be bitcoin only?

[BIN-BIN]

This is a great idea but at the same time it will not be an easy job trying to predict the price of bitcoin. I know this will be on 100% luck as the price of bitcoin is always unpredictable, but again this is a nice concept which will make many to dig dipper into the analysis of the bitcoin market movement I will try it out.

[yayayo]

This is a great idea but at the same time it will not be an easy job trying to predict the price of bitcoin. I know this will be on 100% luck as the price of bitcoin is always unpredictable, but again this is a nice concept which will make many to dig dipper into the analysis of the bitcoin market movement I will try it out.

It's also known as Binary Option, you can just look a simple research on the google. Well it's really hard to predict and also as you can see the minimum bet is 0.001 so in just a matter of seconds you can easily lose that 0.001 Bitcoins.

ya.ya.yo!

[Chikito]

Where do you get your prices from?, any specific exchange or maybe it's just average price of some different exchanges?,

you should read the comment above, there was mentioned where they get the price from.

[FatFork]

This is a great idea but at the same time it will not be an easy job trying to predict the price of bitcoin. I know this will be on 100% luck as the price of bitcoin is always unpredictable, but again this is a nice concept which will make many to dig dipper into the analysis of the bitcoin market movement I will try it out.

It's also known as Binary Option, you can just look a simple research on the google. Well it's really hard to predict and also as you can see the minimum bet is 0.001 so in just a matter of seconds you can easily lose that 0.001 Bitcoins.

ya.ya.yo!

Yeah, there's been platforms like this before. Now, I can't recall the exact names, but I remember there were more ways to play. Choosing, for example, a time period for predictions: 1m, 5m, 10m, etc. I agree that a minimum bet of 0.001 seems to be too much. The OP should consider the possibility of implementation of the lightning network for deposits and withdrawals.