🚀 500xBit.com - Easily Bet On Bitcoin - 500 ❌ 250 ❌ 100 ❌ 50 ❌ Insane Leverage! - page 3.

bunglor

full member

Activity: 648

Merit: 114

Quote from: LoyceV on October 03, 2021, 07:36:29 AM

Quote from: UserU on October 03, 2021, 06:54:37 AM

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

It's nice that they have something like this kind of games and rounds promotion but I think in order not to be abused they should at least ask users to place at least 1 bet and use the ID as a ticket in order to place prediction on their promotion, I think that's a good idea to control users with multiple account.

Chato1977

member

Activity: 1148

Merit: 58

Quote from: xbitnuts on October 03, 2021, 08:13:37 PM

Quote from: bonjouros on October 03, 2021, 03:14:02 AM

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

I am confident more of the top cryptocurrencies will be added. Mainly the ones with a lot of volume of trade. I couldn't tell you exactly when but stay tuned.

but at least the plan is enough for gamblers of crypto rely with.

because there are many gamblers here like me that usually uses altcoin than bitcoin.

___________________________________

welcome to our humble forum guys , please stay active and provide more experiences to us.

xbitnuts

copper member

Activity: 41

Merit: 21

Quote from: bonjouros on October 03, 2021, 03:14:02 AM

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

I am confident more of the top cryptocurrencies will be added. Mainly the ones with a lot of volume of trade. I couldn't tell you exactly when but stay tuned.

Quote from: MonsterV on October 03, 2021, 04:49:55 AM

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

Would love to give some deposit bonus but it is quite easily exploitable as you have mentionned as you can create accounts very easily since we have no KYC. I might add one for bitcointalk users that will give them back a certain $ amount for every X amount they bet but I prefer the idea of giving rewards according to a leaderboard (either top profit earners or top wagered traders). That is the one we have planned first for 500xbit.com to favour active traders. For now, you can stay tuned for giveaways/contests specifically designed for bitcointalk.org users like this one : https://bitcointalksearch.org/topic/free-to-enter-predict-the-bitcoin-price-250-in-prizes-closed-5363672

Cool

ScamViruS

hero member

Activity: 1750

Merit: 720

Top Crypto Casino

Quote from: Raflesia on October 03, 2021, 02:23:46 PM

Don't miss it, I will also guess in this contest.

Maybe this is some opportunity for users to get a large enough capital to play at 500xbit if they win, but I'm sure with bitcoin price predictions it's not difficult, we just guess and wait for the results.

This is a very interesting contest.

I haven’t participated yet. It seems that I should participate in it. It is sometimes easy to predict the Bitcoin price, but it is not always possible because the market situation is such that it is not easy to predict anything from there.
Since 500xbit offers a chance to win something by predicting the price of Bitcoin, this opportunity created a way to view their website in more detail. I will try to join this contest. And if luck helps, maybe I can win something!

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: UserU on October 03, 2021, 10:34:37 AM

Quote from: LoyceV on October 03, 2021, 07:36:29 AM

Quote from: UserU on October 03, 2021, 06:54:37 AM

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

Thanks, I'll give it a shot.

And here's one to round it off to a nice number

Don't miss it, I will also guess in this contest.

Maybe this is some opportunity for users to get a large enough capital to play at 500xbit if they win, but I'm sure with bitcoin price predictions it's not difficult, we just guess and wait for the results.

This is a very interesting contest.

UserU

hero member

Activity: 2058

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: LoyceV on October 03, 2021, 07:36:29 AM

Quote from: UserU on October 03, 2021, 06:54:37 AM

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

Thanks, I'll give it a shot.

And here's one to round it off to a nice number

LoyceV

legendary

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: UserU on October 03, 2021, 06:54:37 AM

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

UserU

hero member

Activity: 2058

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: MonsterV on October 03, 2021, 04:49:55 AM

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

I mean using some special offers for us members, not available anywhere else.

Can be like "BITCOINTALK" promo code, with 50 uses max :p

dustboy

hero member

Activity: 1022

Merit: 517

Quote from: MonsterV on October 03, 2021, 04:49:55 AM

Quote from: UserU on October 03, 2021, 04:10:56 AM

If there's some bonus deposit for us members, I don't mind giving it a shot

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

Deposit bonus is usually designed with strict requirements such as wagering requirement, it is to avoid those abusers who want to take an advantage from the bonus. Deposit bonus can be applied to all type of games including in a trading game/binary trading like 500xbit. Trading tournament is also good idea and may attract more users than deposit bonus.

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: UserU on October 03, 2021, 04:10:56 AM

If there's some bonus deposit for us members, I don't mind giving it a shot

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

UserU

hero member

Activity: 2058

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

If there's some bonus deposit for us members, I don't mind giving it a shot

safari88

legendary

Activity: 1960

Merit: 1026

Hey welcome to the forum! This is a unique game, I tried the demo and the leverage was really insane since you can rarely find 500x leverage on exchange site I really do like the animation of the price and you can change it to candle sticks I would like to leave some feedbacks

- Add Stop-loss order
- Light Theme
- Mobile version
- Public chat

I do like the fact that you add 2FA for extra security and also previous trades so users would be able to review their trades. In overall in terms of design, game, security. This is an awesome gambling site.

bonjouros

jr. member

Activity: 307

Merit: 1

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

RokokGudangGaram

full member

Activity: 966

Merit: 102

Quote from: xbitnuts on October 02, 2021, 01:45:32 PM

For the auditing of the prices we provide, I will see if there is no security risk in sharing the exact code we use to make the api request to Coinbase/Binance so that anyone can use our code so that anyone can independently verify our prices.

We don't have any protection mechanism against flash crashes but the opposite is also true for any auto-cashout done with a short/long position which makes things fair in my opinion.

It's nice that you are open about the codes and make it public, I think having a stop-loss option is a better idea to avoid those flash crashes I'm curious maybe you could add like trading view graph wherein we can put indicators or other tools to analyze it or maybe that's too much since it will look like a trading website and not gambling site anymore?

xbitnuts

copper member

Activity: 41

Merit: 21

Quote from: Kyraishi on September 30, 2021, 09:14:13 PM

I think that the idea is really cool.

Would there be any sort of possibility to audit the prices that you provide? E.g. would you provide a price history which can be independently verified against Coinbase/Binance?

Also, what happens if Coinbase/Binance experiences a flash crash? Do people get automatically liquidated or is there a protection mechanism against that?

Great to hear that you appreciate the idea.

For the auditing of the prices we provide, I will see if there is no security risk in sharing the exact code we use to make the api request to Coinbase/Binance so that anyone can use our code so that anyone can independently verify our prices.

We don't have any protection mechanism against flash crashes but the opposite is also true for any auto-cashout done with a short/long position which makes things fair in my opinion.

Quote from: iamwithyou on October 01, 2021, 05:30:20 PM

Its a casino with 2.5% house edge. lol

In some ways, you could say it is since we charge 2.5% for the 500x leverage but remember that the fee is 0.25% for 50x, 0.5% for 100x and 1% for 250x.

iamwithyou

member

Activity: 153

Merit: 13

Quote from: LoyceV on September 27, 2021, 06:05:04 AM

Quote from: NotATether on September 27, 2021, 05:50:01 AM

I'm confused, are you a casino or a trading site (you posted this thread in the Gambling section)?

I'd say it's a casino: you're gambling on the exchange rate going up or down within the next hour. On an exchange, you trade against other users, on 500xBit you trade/bet against the house (like a casino).

Its a casino with 2.5% house edge. lol

Kyraishi

hero member

Activity: 952

Merit: 513

I think that the idea is really cool.

Would there be any sort of possibility to audit the prices that you provide? E.g. would you provide a price history which can be independently verified against Coinbase/Binance?

Also, what happens if Coinbase/Binance experiences a flash crash? Do people get automatically liquidated or is there a protection mechanism against that?

iamwithyou

member

Activity: 153

Merit: 13

Quote from: xbitnuts on September 30, 2021, 07:20:00 PM

Quote from: iamwithyou on September 30, 2021, 02:54:19 AM

I have a pretty simple question, what's the source of your chart price data? I mean there has to be some sort of averaging algorithm going on based on various established exchanges, or it's just your own judgment.
Because on 500x if you just manipulate your chart data by 0.01% (which is hard to detect) that helps a lot in reaching liquidation quickly.

We get the price of Binance and Coinbase through each of their available apis and use the average of both exchanges' latest price to calculate 500xbit.com latest price. If you wanted to verify us, we invite anyone to do their own small programming code to compare with our price. It should be the same as ours at all times.

Hope that helps

I will let this matter rest in the hands of knowledgeable members of this wonderful forum. I don't have expertise on the specific matter but it would be more transparent if you post the code/process/method in detail publicly here.

24Kt

member

Activity: 1092

Merit: 67

Quote from: traderethereum on September 29, 2021, 12:14:31 AM

Quote from: antminerguruguy on September 28, 2021, 09:07:47 PM

Quote from: LUCKMCFLY on September 24, 2021, 01:03:14 PM

Welcome to the forum,

To start with, I like how they have security, the fact of placing the words or phrase to save the ceunta seems excellent to me, also the fact of requiring 2FA, I also did some tests and verified that according to the pools of insanity, The 500xBit.com platform does comply and does not manipulate the market movements in its favor, which speaks highly of the honesty of the site, and this is something that is far from scams. It would be excellent if you considered that they could take other options of alts, at least the most fashionable ones, DOT, UNI, BNB, ADA.

Is it legit will you get the bitcoin though if you win?

I think it is legit, you can try it by yourself.
After all, it is gambling which you can win or lose so you need to be careful.
I think they will add the other altcoins in the future after they see the potential to make more income from the bet.
They need to focus on running their business first and they can add it later after the site can run properly.

I don't think they will ruin their reputation this early, if they will not let you withdraw what you should have. But yes, adding other alts may be a good one to attract more players. So that means, we may not only see betting on btc price but also other alts, which for me, is interesting. They should run some rewards program or contests to entice these gamblers to play on their betting exchange.

xbitnuts

copper member

Activity: 41

Merit: 21

Quote from: iamwithyou on September 30, 2021, 02:54:19 AM

I have a pretty simple question, what's the source of your chart price data? I mean there has to be some sort of averaging algorithm going on based on various established exchanges, or it's just your own judgment.
Because on 500x if you just manipulate your chart data by 0.01% (which is hard to detect) that helps a lot in reaching liquidation quickly.

We get the price of Binance and Coinbase through each of their available apis and use the average of both exchanges' latest price to calculate 500xbit.com latest price. If you wanted to verify us, we invite anyone to do their own small programming code to compare with our price. It should be the same as ours at all times.

Hope that helps

Topic: 🚀 500xBit.com - Easily Bet On Bitcoin - 500 ❌ 250 ❌ 100 ❌ 50 ❌ Insane Leverage! - page 3. (Read 990 times)