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Author Topic: UpDown.bt — Binary Options — | Instant bets | Payouts in 60sec | BCF Gold Member  (Read 35916 times)
UpDown.BT
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July 18, 2014, 07:53:14 PM
 #261

If you guys want to bet/trade with a legit 60 second option broker go to http://satoshioption.com. They might not be on bitcointalk vary much but the site has always paid me over the last 12 months

Pro's

100% anonymous
Onsite wallet
Been paying for more than a year
Money forgotten in a onsite wallet is automatically sent back to the sending address after 3 days of inactivity


Con's


Markets sometimes turn off/on
Deposits need 1 confirmation
Low payout for btc/usd compared to forex pairs/gold/silver

Satoshi Option also runs a option exchange for btc/usd more similar to normal options instead of binary. I haven't personally tried that portion of the site yet though so no feedback.


Alternatively beastoption runs on professional binary option trading software which is pretty much the same as any usd/eur/gbp based binary broker. They also offer longer timeframe of 1m to 1h.

We've had a lot of discussions about onsite wallet, but we want to secure client's money as much as possible, and best way to do so is not to store client's money.



As many people have stated it's also the best way to prolong the bet by x amount of time. With a 60 second option even 1 second delay (never mine 50-100%) is enough to tip the scales from profit to loss. Which is why I only play where onsite wallets are available.

Hope this delays will be smaller after upcoming infrastructure update, and we're still discussing onsite wallets for hardcore players who wants no delay in bets processing. Thank you for your feedback.

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UpDown.BT
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July 18, 2014, 07:55:03 PM
 #262

Updown.bt, please review my earlier messages. Your site still hasn't processed the payments it was 'processing'... :\

Can you give me transaction ID?

I gave you the time in the system. Here are some examples:

https://blockchain.info/tx/7124cfad4fc011e62343d38327d55d402015bd93f558c9917b7ca282096201d9
https://blockchain.info/tx/09219873db9e309ff9442df08997aadfc880f9554ec4a249c9af7f3423bdbe04

Because of the lag in the system its pretty hard to tell which had the problem.

Both of the transactions you provided above are processed without any errors.

Processing status will be shown until we will get first confirmation, that may take pretty much time sometimes.

(1) My orders have been processed many times without this 1 confirmation requirement.
(2) This rule is not shown ahead of time and is entirely unreasonable. How can I possibly predict when the next block will come, let alone the price of gold at that time?

Before we was trying to work without transactions confirmation but as well as many other providers was been affected by doublespend fraud.

You get it wrong. We're waiting for confirmation only to provide payout and avoid doublespend. It doesn't affect the time of bet realisation.

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July 18, 2014, 07:55:51 PM
 #263

Updown.bt, please review my earlier messages. Your site still hasn't processed the payments it was 'processing'... :\

Can you give me transaction ID?

I gave you the time in the system. Here are some examples:

https://blockchain.info/tx/7124cfad4fc011e62343d38327d55d402015bd93f558c9917b7ca282096201d9
https://blockchain.info/tx/09219873db9e309ff9442df08997aadfc880f9554ec4a249c9af7f3423bdbe04

Because of the lag in the system its pretty hard to tell which had the problem.

Both of the transactions you provided above are processed without any errors.

Processing status will be shown until we will get first confirmation, that may take pretty much time sometimes.

(1) My orders have been processed many times without this 1 confirmation requirement.
(2) This rule is not shown ahead of time and is entirely unreasonable. How can I possibly predict when the next block will come, let alone the price of gold at that time?

You get it wrong. We're waiting for confirmation only to provide payout and avoid doublespend. It doesn't affect time of bet realisation.

Except it does in my case. Please refer to the transaction date/time I provided.

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July 18, 2014, 08:31:58 PM
 #264

Transaction ID: https://blockchain.info/tx/7821d454e987a359c26b548141e6687ea66b94dc13795b1a73ccfc8aff29e0da

Still needing refund for the above payment (Under minimum).

PHP / Python developer. PM for more information.
UpDown.BT
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July 18, 2014, 08:51:48 PM
 #265

Updown.bt, please review my earlier messages. Your site still hasn't processed the payments it was 'processing'... :\

Can you give me transaction ID?

I gave you the time in the system. Here are some examples:

https://blockchain.info/tx/7124cfad4fc011e62343d38327d55d402015bd93f558c9917b7ca282096201d9
https://blockchain.info/tx/09219873db9e309ff9442df08997aadfc880f9554ec4a249c9af7f3423bdbe04

Because of the lag in the system its pretty hard to tell which had the problem.

Both of the transactions you provided above are processed without any errors.

Processing status will be shown until we will get first confirmation, that may take pretty much time sometimes.

(1) My orders have been processed many times without this 1 confirmation requirement.
(2) This rule is not shown ahead of time and is entirely unreasonable. How can I possibly predict when the next block will come, let alone the price of gold at that time?

You get it wrong. We're waiting for confirmation only to provide payout and avoid doublespend. It doesn't affect time of bet realisation.

Except it does in my case. Please refer to the transaction date/time I provided.

Your bets was been processed in 60 seconds right after it was been made, as I can see in our backoffice, as an example let's take first transaction you provided above.

You bet on gold price fall from 1293.69000 at 2014-07-15 22:29:32 utc, 60 seconds after, at 22:30:32 gold price was 1293.70000, so this bet was wrong and you loose.

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July 18, 2014, 09:00:49 PM
 #266

Transaction ID: https://blockchain.info/tx/7821d454e987a359c26b548141e6687ea66b94dc13795b1a73ccfc8aff29e0da

Still needing refund for the above payment (Under minimum).

Minimal bets are still a donation. We just plan to return transactions that are below minimum, but not implemented it yet.

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July 18, 2014, 09:55:52 PM
 #267

Transaction ID: https://blockchain.info/tx/7821d454e987a359c26b548141e6687ea66b94dc13795b1a73ccfc8aff29e0da

Still needing refund for the above payment (Under minimum).

Minimal bets are still a donation. We just plan to return transactions that are below minimum, but not implemented it yet.

Thanks, but your cause is one I do not wish to donate to.

I request my money back. I never specified I wish to donate. It is your companies requirement to specify and make sure people are understanding the minimum bet principle; otherwise you will be called scammers.

PHP / Python developer. PM for more information.
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July 26, 2014, 07:44:16 AM
 #268

https://blockchain.info/address/1693HN1oMHt71eA9xqbMYNVdBD4xbLLJDa

need refund i waited for 2 hours my no bet happen i want refund i no more trust u
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July 26, 2014, 08:24:29 AM
 #269

https://blockchain.info/address/1693HN1oMHt71eA9xqbMYNVdBD4xbLLJDa

need refund i waited for 2 hours my no bet happen i want refund i no more trust u


site is known to be dishonest if not outright scammer.

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July 29, 2014, 05:02:23 AM
 #270

Hi,
I placed a bet on the white noise going down
https://blockchain.info/tx/c306437d8d227aedabebde6f322a146016bdb4a775d44cc748f4011d3abb86a3
I won it after 60 seconds, yet instead of giving me the money, my transaction went into "processing..." for another minute. Then it came out as "lost" with the price at that moment.
You can check the time logs. I believe this is a website glitch and I request a refund.

I also sent 0.0097 bitcoins by mistake (below limit)
https://blockchain.info/tx/f45f8f85ebcc84a9e96dfec44b2dfcbc6793d5b8fe4b57e30bfcf20726fa7880
and I have not received a refund for those.
Initscri
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July 29, 2014, 05:05:53 AM
 #271

Hi,
I placed a bet on the white noise going down
https://blockchain.info/tx/c306437d8d227aedabebde6f322a146016bdb4a775d44cc748f4011d3abb86a3
I won it after 60 seconds, yet instead of giving me the money, my transaction went into "processing..." for another minute. Then it came out as "lost" with the price at that moment.
You can check the time logs. I believe this is a website glitch and I request a refund.

I also sent 0.0097 bitcoins by mistake (below limit)
https://blockchain.info/tx/f45f8f85ebcc84a9e96dfec44b2dfcbc6793d5b8fe4b57e30bfcf20726fa7880
and I have not received a refund for those.

Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/

Transaction ID: https://blockchain.info/tx/7821d454e987a359c26b548141e6687ea66b94dc13795b1a73ccfc8aff29e0da

Still needing refund for the above payment (Under minimum).

Minimal bets are still a donation. We just plan to return transactions that are below minimum, but not implemented it yet.

Thanks, but your cause is one I do not wish to donate to.

I request my money back. I never specified I wish to donate. It is your companies requirement to specify and make sure people are understanding the minimum bet principle; otherwise you will be called scammers.

Website = Scam. He is paying people out in his signature campaign (some people), but completely ignoring other issues. His trust is going up because of signatures which is completely ignoring the shady nature of his site.

PHP / Python developer. PM for more information.
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July 29, 2014, 05:23:47 AM
 #272

Quote
Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/

That's not what he says in the first post.
Quote
What is your limits for a single bet, what will be happened with my bet if it's amount is beyond the limits?
— Min bet is 0.01, max bet is 0.3, bets that are not withtin this limits will be returned to senders with miners fee deducted
If he wants to run a long-term business instead of scamming a few people for <$5, it is in his interest to honour his word.

I believe the website is still in development and subject to glitches. I reported 2 of them here: transaction went into "Processing..." instead of closing after 60s (you can check the time logs, it is a bet I should have won) and bet below minimum is not being returned (you can check the blockchain) If the owner accepts to refund, he will prove beyond doubt that his website is not a scam. If not, I lost $10 and life goes on Tongue
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July 29, 2014, 05:26:28 AM
 #273

Quote
Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/

That's not what he says in the first post.
Quote
What is your limits for a single bet, what will be happened with my bet if it's amount is beyond the limits?
— Min bet is 0.01, max bet is 0.3, bets that are not withtin this limits will be returned to senders with miners fee deducted
If he wants to run a long-term business instead of scamming a few people for <$5, it is in his interest to honour his word.

I believe the website is still in development and subject to glitches. I reported 2 of them here: transaction went into "Processing..." instead of closing after 60s (you can check the time logs, it is a bet I should have won) and bet below minimum is not being returned (you can check the blockchain) If the owner accepts to refund, he will prove beyond doubt that his website is not a scam.

Yeah. He said that refunds would be sent out soon (Quoting me).

He is flip-flopping on his word. He needs to start paying attention to this thread and responding. I'm surprised his website/company/business has lasted as long as it has with the ethics (or lack thereof) and business approach he has taken.

PHP / Python developer. PM for more information.
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July 29, 2014, 06:18:10 AM
 #274

Quote
Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/

That's not what he says in the first post.
Quote
What is your limits for a single bet, what will be happened with my bet if it's amount is beyond the limits?
— Min bet is 0.01, max bet is 0.3, bets that are not withtin this limits will be returned to senders with miners fee deducted
If he wants to run a long-term business instead of scamming a few people for <$5, it is in his interest to honour his word.

I believe the website is still in development and subject to glitches. I reported 2 of them here: transaction went into "Processing..." instead of closing after 60s (you can check the time logs, it is a bet I should have won) and bet below minimum is not being returned (you can check the blockchain) If the owner accepts to refund, he will prove beyond doubt that his website is not a scam.

Yeah. He said that refunds would be sent out soon (Quoting me).

He is flip-flopping on his word. He needs to start paying attention to this thread and responding. I'm surprised his website/company/business has lasted as long as it has with the ethics (or lack thereof) and business approach he has taken.

IMO, Updown hasn't done the best job in communicating with the users, as he has spent too little time on bitcointalk.
For example, he hasn't been online since July 18...

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July 30, 2014, 11:15:06 AM
 #275

I am sure a lot of people knows this already, but UpDown.bt is a scam. It is also connected to the hacking of MtGox.

Be careful.

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July 31, 2014, 12:47:54 AM
 #276

I didnt get payment . I bet on UP for GOLD for 0.09 BTC and I won, but there was not any payment.
https://blockchain.info/vi/tx/c74756b036aca11bf1de71bdb19241dddb581628feafe3062fb84e7bb47937c4

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July 31, 2014, 12:57:18 AM
 #277

Where do you get all the data?

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simplyvital health
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.
.Powering True Care Coordination.
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July 31, 2014, 02:38:31 AM
 #278

Where do you get all the data?

This question has been asked again and again since the beginning, and OP never answered it...

I'd like to suggest some improvements:
3rd) Showing the feed source for each type of bet may help proving that this game is (almost) provably fair;
3) We're not disclosing a source for the financial feeds and never plan to.


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July 31, 2014, 02:40:09 AM
 #279

So in shorts words, they invent the data and they can manipulate it.

gg

                ▄▄████▄▄
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simplyvital health
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.
.Powering True Care Coordination.
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August 01, 2014, 10:57:37 AM
 #280

I bet and won but I still not get back my profit .
https://blockchain.info/vi/tx/04c10c6b51509df0b1b10425e7674e187e8ead6fc6278412ee0f58805b62ebaf
https://blockchain.info/vi/tx/bd7dabadead365e1ec66a69cbafcbf4e962c7059e9859ffb853fb1ad3028a189


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