Topic: BTCBET.CC – Bitcoin price BETTING every 5 minute (Read 3629 times)

BTCBet - Service update 06/08/2018

Find out what partners are playing with you on the game
Now even more transparency for the players on the service. You can see how much each player has put and in which direction the bet is.
Of course, this is in real time. Learn your opponents and discuss with them the results of the round in the chat.

BTCBet - Service update 05/25/2018

Hello, guys!

Indeed, the service had trading bots and all of them have been disabled. You can observe the honest rounds in the service. Also, to make it, I had to disable the trading API. Now, there is no bots, only a fair manual game.

Service algorithms allowed any player to put in both directions at any time, as correctly noted Hhampuz and catbuibk. This will not happen again because of the changes in the algorithms of the game, that I made.

I'm interested in growing amount of active players. It will be great, if you would test new algorithms and write feedback about their honesty.

Please check the service and recommend it to your friends.
In addition, I am interested in new recommendations for improving the service. 

Please write your advices through Personal Messages.

Admin.

They will normally think off that we are competitor because of our signature.lol. Binary options like kind of gambling is what i like not only on btc price movement but also into other coins and assets too.
Talking about their bot no one would really plan to engage on the site. 5 mins duration on every betting is too fast for me its much better to have longer duration.

Don't expect to get a response to this.. I tried in the past but they deny that they have a bot that's playing for them.. They told me that I was outright lying as I was a competitior (due to my signature, while I'm not working for any casino or betting site..). Hopefully they'll learn soon enough that it is holding them back.

As Long as you turn off your bots, everyone will play. But you don't stop your bot, you try to take bitcoin from user. It's not fair play.

BTCBET.CC – Betting on bitcoin rate every 5 minutes.

We've made 3 sections for betting:

• with minimum bet 0.001 BTC
• with minimum bet 0.0001 BTC
• with minimum bet 0.00001 BTC

Rules and manual:  https://btcbet.cc/rules/

Indeed, the interface became very useful, nothing superfluous, now it's more convenient to bet from a phone.

I prefer this kind of gambling where you chances don't fully depend on luck but you also need to be experienced and you have higher chances of winning if you know how to analyze graphs and draw different trend lines.
What are the fees for withdrawals?

Yep, they does! and today they changed the design btw.

I think BTCBET.cc Should turn off their own bots, so we will know if user player or not. With BTCBET.cc Bots, it seem like we play with BTCBET.CC only, and BTCBET.CC take profit from user when one user play. I think it kind of cheating oviously

I'm already out of there (just receiving a bit from referrals), so I can write you what I noticed. There is almost no one playing there except organizer's bots (it is not accusation, just my opinion  ). They bet both up and down of course, but in the way that the ratio up amount/down amount is the same as the ratio of users bets up/down. It should be clear that this way it doesn't have any effect on users (0.001 up, 0.002 is exactly the same for users as 0.012 up, 0.024 down), just making impression that there are more people. But what happen if there is only one side bet from users? Then the ratio is huge and after 5 wins and 1 lose user loses.

Conclusion: bet when there is someone playing, then you can win. You can even sometimes lure players bet side you want (by manipulating the ratio at the beginning [bots will induce ratio similar to yours even during the betting time] and change it at the end). Manipulating price at Poloniex when it is possible is also helpful (but not neccessary).

My usual strategy was: wait for someone, wait for bet when you think the chance up/down is 50/50, bet both sides 0.001. If someone bet one side 0.001, then the ratio is 2:1. The chance is 50:50 so if you lose one time and win one time in this case you win 0,000375.
I sometimes played 2:1 when I thought the chance up is 66% and my expected value was also positive (but it is harder).

Summarizing, I maked some profit, but it costed me too much time to wait for some good opponent (some players are online, but play only when the propability of up/down is higher then 80% - it was hard for my to deal with them). I prefer to trade altcoins than spending time there now.

Still some users are not aware of how it works (1 month ago it was easier to realize it, now there are some "distractions", but general rule is the same).

If you think you can try it (I don't want to encourage or discourage you) and what I write is useful then you may use my link https://btcbet.cc/r/iWUcbG/ to register.

Anyway have fun, don't take it too serious (as I did). Good luck!

How is it not fair?

It is gambling after all and you need to know when to stop or you will lose it all including your winnings,
if you won anything at all.

I tried my luck last year betting on the btc price using onehash. But only won once out of five times trying it.

So I just gave up.

Best decision I ever made in my gambling ventures.

You are a bit arrogant in your assesments and hard to read because of that.  Try humility next time...sheez!

You are right . I want to catch some people on my refferral program, but all I told you is true. True is also that I haven't told you everything (I haven't spent many hours on analyzing it just to show you my results). I'm still here, because it is only site where you can use some statistics to win with other players (small community without experts etc). So if someone is still interested, tips from me are: 1. Don't invest much money. 2. In the most of cases bet both sides (in some ratio) and observe. If you notice something you will improve your strategy (even sometimes you can play one side, but it is hard even for me to do it correctly).

True is that before you realize what's going on I (if I will be online, I wrote a bot, but I don't use it) will win with you and earn your money. Then you can win money from the others (or from me, if you will be smarter). If someone become my refferral and play I can write something more.

Now I think I'm fair towards users of this forum

I don't think that their current playerbase is all that large. Their latest attempt with offering ref. payments did seem a bit desperate. Perhaps it is only themselves and a few other guys playing regularly. Some might try it out once or twice but they can probably figure out pretty quickly  that something fishy is going on.

Betbtc will win all your bitcoin in the end. if BTCBET do not stop their own BOTS, someday there is no one play it anymore, cause it is not fair

I totally agree with you Hhampuz "At the end of the day Btcbet.cc is ripping their customers off and they are making tons of money doing it."

Now that Logan12321 is promoting their referral program comes and say he is profitable and but most of the guys are losing, cause he is very clever
with his computational theories. BS 

Betting on opposite sides it's not profitable, but as he says "sometimes" can be. I know where that happens, mainly in consolidation areas. After a big move price retraces and than tends to consolidate, starts to go up and down and there comes up people thinking the price will follow the big move again but then price makes a fake and goes the opposite for few candles and then it can starts to follow the trend again.

But even in this consolidation area, you will have to play a few on the opposites to catch this kind of bets and there will be always at least another bet on your winning side, made by bots, which I think it is made by the operator that will cut your winnings... Guys don't put your btc on this expecting to win, you will lose.

I'd like to hear more people that plays this game and I'm sure most, no to say all, except the game promoters or the operator, are losing

It is not possible to calculate how the price would move, but it is possible to estimate a probability (for example using ARMA-GARCH models) and check whether the bets up and down are fair. It's not an university, so I'm not going to teach you. Just trust me that sometimes it is good to bet both sides and make profit .

If you really were to be able co calculate how the price would move and place your money on it due to that you are extremely stupid if you bet on both sides.

You can't say that, "I'll bet on both sides because you can some what see where the price will move".

At the end of the day Btcbet.cc is ripping their customers off and they are making tons of money doing it.

You are my refferral so I know how you play from very beginning. Why don't you try betting both sides? If you think the price will go up you can bet 0.002 up and 0.001 down. In this case even if organizers wants you to lose, they can not do much. Play a little bit more tricky and you can win. I play when I have some time and I haven't lost money in the last 2 weeks (I won 0.02, some of it is probably your money; at the beginning I also lost).

If you know a little bit probability theorem you can compute expected values as a functions of your bets and probability induced by other bets (you have to estimate real "up" probability somehow). The result proves that playing both sides is not as stupid as it seems.

After some time you will also understand how bots work .