BITRUN - PREDICT THE PRICE OF BITCOIN AND WIN BITCOIN

[mardaed]

Looks like the OP is not active there are some users who have some questions about the website I think the OP should answer all of this. I really find it high with that minimum bet amount it's much better if they will lessen it a little bit.

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[XZERO1]

It looks like something between gambling and trading and I kind of like that, are you going to add other pairs like ETH/USD to this as the website grows or it's going to be only Bitcoin?

Also I suggest you to lower the minimum bet as much as you can so more people try out your website as it's a new website and you definitely need more reviews to build some trust first and get more users in and then gradually you can increase minimum bet size if it's not working out for you.

[Bitrunapp]

Hey guys,

thanks for all the responses. Love the energy and the community.
Having some trouble posting, which is why I havent been able to answer your questions yet. Gonna do a sum first, then try to answer more specific questions aswell.

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.

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

Are you going to add other pairs like ETH/USD to this as the website grows or it's going to be only Bitcoin? - if the initial idea of BTC/USD kicks off, we intend to add new pairs and different time limits aswell.

Minimum bet - The minimum bet is 0.001 BTC, however we plan to add the option for both lower and higher bets in the near future.

Calculation of BTC/USD price - as you point out, it is based on Coinbase, Bitstamp and Kraken.

Lack of information - as some of you pointed out, there is a lack of information on the front  screen, and if you do not watch the tutorial on your first visit, it is a problem. We have taken your input into account and are already making changes. The first screen will not point out the following information: No KYC (as it is not implemented at this point), minimum bet, Calculation of BC/USD price.

Changes should be live in a day or two and I will make sure to post them here to keep you updated.

Thanks again for all the feedback!

[pungopete468]

It looks like something between gambling and trading and I kind of like that, are you going to add other pairs like ETH/USD to this as the website grows or it's going to be only Bitcoin?

Also I suggest you to lower the minimum bet as much as you can so more people try out your website as it's a new website and you definitely need more reviews to build some trust first and get more users in and then gradually you can increase minimum bet size if it's not working out for you.

I don't think they will add more coins on their website yet, I think this is kind of a Binary option thing I'm not really a fan of that but I'm willing to test this out as long as they will lowered their minimum bet since for me that's really a little bit high for a single bet.

[AmoreJaz]

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Minimum bet - The minimum bet is 0.001 BTC, however we plan to add the option for both lower and higher bets in the near future.

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should really lower your minimum bet here as this is quite expensive for small time players. as you are just launching this to the community, many will be hesitant to play with that min bet.

This is basically Crash with BTC value as the prediction parameter. The design is decent though the KYC and restricted countries discussed by posters above will hinder your success drastically op.

Why would anyone want to go through all these complications when they can simply play Crash on sites like Roobet, Stake etc with way fewer restrictions? This is the question that you need to answer op.

i agree, the design is quite good. OP answered, no KYC at the moment as they have no license yet.

but since this is still in the demo mode, can we access the site without signing up as am living in a country where i cant sign up in your platform?

[Lanatsa]

Is it me or does the minimum bet was a little bit high which is 0.001 BTC, right? Well I'm not really into Binary Options but since there's a free demo maybe I could test out and see if it would work for me.

It is sort of high.

I've watched the game for 1 minute and I thought of it as a fun game to play. Just like everybody else's worry about KYC, not a good place to try the game if it's applicable to all the "new" clients as stated on the AML page.

Can't blame you for that if you want to implement a strong check to avoid problems in your license and jurisdiction laws.

This wont ask out KYC if they don't have these traditional payment system but if they do have then that's one of the reason on why people would take or avoid this site yet KYC isn't always an appealing thing on this market.

This is binary options yet this do talk about trading but in the area of gambling due to short duration of choices. 0.001 minimum bet? Its way to high and it should be lowered since not
all would really willing to put huge bet on 1 minute basis in regards to price ticks.

When you do trade then you do look this interesting and also for those who love to gamble.

[DarkDays]

I don't really see the point of betting on the value of the bitcoin. Then you can even better just keep the bitcoin yourself if you think it will become worth a lot.

To me this type of game is more difficult and challenging to win. While it is exhilarating to find out within 1 min if you were right or not from my point of view a better approach for me would be predicting its direction.

One other thing that surprised me was that I didn't find any info about where the BTC/USDT value is taken from? Making this clear will help people to better extrapolate.

[tippytoes]

I don't really see the point of betting on the value of the bitcoin. Then you can even better just keep the bitcoin yourself if you think it will become worth a lot.

To me this type of game is more difficult and challenging to win. While it is exhilarating to find out within 1 min if you were right or not from my point of view a better approach for me would be predicting its direction.

One other thing that surprised me was that I didn't find any info about where the BTC/USDT value is taken from? Making this clear will help people to better extrapolate.

I have the notion that you will also get the same feeling when you are playing with crash. The blood rush when you are about to see what's gonna be the result at the end of each game.

The dev answered based on Coinbase, Bitstamp and Kraken. So I am assuming, it is the average of this 3?

Calculation of BTC/USD price - as you point out, it is based on Coinbase, Bitstamp and Kraken.

[Haunebu]

It is completely different game, you cant compare it to crash game.
It is a binary option where you need to predict what will happen with the price in the next specific period of time.
Knowledge and trading skill is involved in this game (unless someone predict it blindly) while crash game is just pure luck based game.

Nonsense. Predicting BTC price within a minute has nothing to do with skill and is also purely luck based just like Crash. Do you think gamblers can complete a shit ton of research on BTC price by analysing candlestick data etc within a minute?

Just ask day traders and you will understand how difficult it is to predict cryptocurrency prices in the short term and long term thanks to the volatility factor.

This is why HODLING is usually recommended when compared to other trading methods in the crypto community due to the low stress and higher success percentages involved.

[lienfaye]

Since this is a new site its not unusual to see that they are lacking on many factors like the countries that can register and the crypto to use for playing wherein bitcoin is the only one available. Plus the minimum bet which is too high for an average gambler, though I like the demo play.

It is completely different game, you cant compare it to crash game.
It is a binary option where you need to predict what will happen with the price in the next specific period of time.
Knowledge and trading skill is involved in this game (unless someone predict it blindly) while crash game is just pure luck based game.

Nonsense. Predicting BTC price within a minute has nothing to do with skill and is also purely luck based just like Crash. Do you think gamblers can complete a shit ton of research on BTC price by analysing candlestick data etc within a minute?

Agree, thats why its a game of luck regardless how good you are in analyzing the market and the movement of bitcoin. But somehow its an edge if you are good in making TA, you have a high chance compared to gamblers making bets based on prediction.

[stomachgrowls]

I don't really see the point of betting on the value of the bitcoin. Then you can even better just keep the bitcoin yourself if you think it will become worth a lot.

To me this type of game is more difficult and challenging to win. While it is exhilarating to find out within 1 min if you were right or not from my point of view a better approach for me would be predicting its direction.

One other thing that surprised me was that I didn't find any info about where the BTC/USDT value is taken from? Making this clear will help people to better extrapolate.

Binary options is always been a challenging one and a heart pumping way of predicting prices but one thing that it made be turn back of it because the rewards or profit isnt really that worth for the risk you put on.

I dont know on how much this one make out some returns but on traditional binary options which is always lesser than 1.9 or even lower basing up on reduction of commission.

Thing i dont like is the possible of manipulation and answering on what exchange they do base on then its stated by others that its on coinbase and bitstamp.

[maxreish]

Good thing there is a demo button for a starter. It's more likely a predictiom trading game wherein you only choose where the bitcoin price will go (whether it will be shorting, long or mid) just like when you are doing some entry in trading. Though, the minimum amount is too high for me. .001 is equal to 1 ticket, isn't too expensive?  It's a unique game with every 1minute entry.

[chaser15]

What if users from restricted countries withdraw their winnings?

Is this will prompt an automatic account block? The site is good and I want to test it but there should be a prompt about the restriction on the registration.

I don't really see the point of betting on the value of the bitcoin. Then you can even better just keep the bitcoin yourself if you think it will become worth a lot.

Maybe you forget you are in the gambling section lol.

[Golftech]

Good thing there is a demo button for a starter. It's more likely a predictiom trading game wherein you only choose where the bitcoin price will go (whether it will be shorting, long or mid) just like when you are doing some entry in trading. Though, the minimum amount is too high for me. .001 is equal to 1 ticket, isn't too expensive?  It's a unique game with every 1minute entry.

The amount per ticket is indeed expensive considering the value of bitcoin right now, more on a gambling type of trading since you
are predicting the next value of bitcoin, quick results either to win or to lose. The demo will give you the time to practice and monitor how
the game works and may entice you if you keep picking the right position,.

Best  thing is to assess how well you are in managing your emotions, too much risk can quickly double your capital or lose it all instantly.

[Strongkored]

If I'm not mistaken this game is similar with pivot app, guessing the price of BTC in short timeframe, is not an easy thing to do.
I thought demo play could be done without having to register first but apparently not, 2% for withdrawal fee could be a consideration to change, Withdrawal fees with exact amount with low medium and fast options will be better than a percentage.

[NMBT]

Hi!

I think that this type of initiatives are very good!

Is like a gambling "the predicting" but winning real bitcoins!
Congrats for your project!

[Kakmakr]

The game looks nice, but I think the downfall is going to be all the restricted countries that cannot play it.    Fortunately for many of those people, they learnt how to bypass these restrictions by using VPN's.  

I have to say, just looking at the "live" price graph is hypnotic enough to get me hooked on the concept, because it is a lot like the first Crash games. (Bustabit)

Drop the whole KYC crap, because that on it's own are chasing most of the Bitcoiners away.... get the crowd to fund your next project that would be "legal"  

[pungopete468]

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.

It's good thing you clarified it to us, now at least we know that we are don't need to conduct a KYC by playing on your website.

Minimum bet - The minimum bet is 0.001 BTC, however we plan to add the option for both lower and higher bets in the near future.

That's great to know, I think many would appreciate if you do it asap. I was kinda bit tight with my gambling bankroll and that 0.001 is a little bit big for 1 bet and i can't even run a martingale strategy for a long time with that.

[Haunebu]

Is like a gambling "the predicting" but winning real bitcoins!

Obviously. You predict whether BTC will rise or fall in price within a minute interval and you win or lose based on your prediction. You play with real money.

I was kinda bit tight with my gambling bankroll and that 0.001 is a little bit big for 1 bet and i can't even run a martingale strategy for a long time with that.

They should have provided a way lower minimum bet from the beginning. Who would want to play with such a high minimum bet especially when BTC is rallying constantly at present? Instead, I could stick with Crash on other sites where minimum bet is just a couple of satoshis.

[Cratoon]

It's an interesting project, but the minimal bet and lack of reputation makes me doubtful about it.