del

[ndnh]

Expiry:
150 hours ie. around 6.25 days
You win if price crosses $277 anytime within 150 hours.

Provably Fair:
Using Bitstamp prices as per http://bitcoinity.org/markets

Address:
Address to send bets to : 1P7AFhpycso993KaJVB4puCP7getNKGi2f

Limits:
Max bet = 3BTC
Min bet = 0.1BTC

Rate = 1.55x

Starts now!

(I will change the win price and rate when prices makes big turns.)


Illustration:
You make 1BTC bet right now at price $235
After 3 hours, price crosses 265 to 270 and falls down to $200.
You win.
Payment will be made right after you win.
You walk away with a profit of 0.5BTC


I might use your funds to purchase barrier options for the same.

[ndnh]

Reserved for bets and results

[pokerowned]

and how will you pay with 0 in the wallet? https://blockchain.info/address/14UrrL4afDzFgd3o1nvqFyWsNj9Q75TJH2

[ndnh]

and how will you pay with 0 in the wallet? https://blockchain.info/address/14UrrL4afDzFgd3o1nvqFyWsNj9Q75TJH2

That is the address I use for the game. I cannot mix both wallets. Otherwise, I won't know which fund is mine, which fund is a bet.

Your funds will be safe whatever happens (unless you lose of course), I assure you complete safety of your funds, as long as the bet is only 3BTC.

[ndnh]

Only 1.5x & minimum 0.1BTC ?
Too bad i don't have bitcoin that much

Some people might interested if you raise from 1.5x become 1.8x

1.5x is big enough. You have to consider that the price will not be calculated at the time of expiry.
That is you will win if even if the price crosses 265 anytime during 150 hours.

[baristor]

265 it hasnt reached that amount in weeks what are u on about ? lol.

[ndnh]

265 it hasnt reached that amount in weeks what are u on about ? lol.

It has already hit 265+ a few hours ago. Please do something yourself before posting.  
Check high:


And remember you got 150 hours, not just 24 to win.

[Pony789]

That is a good idea IMO, though I am not a trader.
We already have several sites offering binary options and futures, but no one is offering other products such as barrier options and vanilla options.

[boopy265420]

But in coming days can be a massive dump too as Bter lost 7k+ btcs and they will be dumped by the thieves . So everything is possible  this is unpredictable.

[bitwarrior]

But in coming days can be a massive dump too as Bter lost 7k+ btcs and they will be dumped by the thieves . So everything is possible  this is unpredictable.

I am thinking if some of those coins have been dumped already since the price have dropped from $265 to $228 in a short time span.

[fox19891989]

It is a game similar to binary option, but you have 0 balance, you can't show your ability to pay if people win in the bet. 

[sgk]

The game is fine, but how do we know you have enough funds to pay everyone?

[arieq]

Will the fund get escrowed ? how can we be sure that the money will be safe in the next 6 days?

[ndnh]

It is a game similar to binary option, but you have 0 balance, you can't show your ability to pay if people win in the bet. 

The game is fine, but how do we know you have enough funds to pay everyone?

Will the fund get escrowed ? how can we be sure that the money will be safe in the next 6 days?

lol, my balance is not zero.
It will be difficult for me to convert all my holdings to btc and withdraw to a wallet and sign it. But, you can trust my reputation on that.

I give 100% guarantee that your funds will be safe, even if my wallet get hacked or bitfinex etc. goes down. but the latter would mean price dropping further and you losing, lol. I will have enough funds to cover any loss.

The offer will be limited and as the price rises to say $240+, i will be changing the payout etc. If you want the current bet, place it now before the odds change. A substantial market move will change the odds.

You can also, trust on my reputation. I am the original owner of the account and will never intend to sell or indulge in unethical activities/malpractices. If you did not get the payment, you will be free to call up the mods and leave me a negative trust feedback.

I once again, assure you, there is no question of me losing your funds. The only question is whether you will win the bet or lose it.

[ndnh]

The game is provably fair.

Head to http://bitcoinity.org/ -> Click on markets -> Bitstamp

You can easily know once you won. Moreover, there is a this : change: +0.56%      high: 0.268      low: 0.228

[redsn0w]

I give 100% guarantee that your funds will be safe, even if my wallet get hacked or bitfinex etc. goes down. but the latter would mean price dropping further and you losing, lol. I will have enough funds to cover any loss.

Can you please sign a message from your bitcoin address (>than 5 btc)?  Only for security.

[ndnh]

I give 100% guarantee that your funds will be safe, even if my wallet get hacked or bitfinex etc. goes down. but the latter would mean price dropping further and you losing, lol. I will have enough funds to cover any loss.

Can you please sign a message from your bitcoin address (>than 5 btc)?  Only for security.

It will be difficult for me to convert all my holdings to btc and withdraw to a wallet and sign it. But, you can trust my reputation on that.

I am sorry, it is very difficult for me to do so, as I mentioned earlier.

The max bet is 3BTC, btw. I will not accept more than that.


Also, the address has been changed to https://blockchain.info/address/1P7AFhpycso993KaJVB4puCP7getNKGi2f
It is an address generated solely for this.
since you guys are assuming I am paying out of that address just because I had used it a few days ago.
No funds were send to the previous address.

[ndnh]

Update: price is moving up. Currently at $237.

When it hits $240, the payout and crossing price will change. All bets made before will be locked in to the rate atm.

[secondstrade.com]

great idea.

[ndnh]

great idea.

Yeah, but if you are planning to implement it, you have to consider that bitcoin price is highly volatile. So don't get into losses. Other than that, there is not much of a problem.
This type of options is called barrier options as you probably already know.