BTCOracle : Bet on the future price of bitcoin ! - page 2.

starsoccer9

legendary

Activity: 1630

Merit: 1000

Quote from: BTCetera on February 25, 2014, 09:21:19 PM

Quote from: ElDido on January 11, 2014, 01:32:24 PM

You are correct.
Altough odds can change quite quickly so stay tuned.

So what are the plans for BTCoracle now that Gox has halted trading?

They will most likely simply change exchanges, tho I am quite pissed on how the decided to end options. rather then just a refund they are just using the last price as the last price for all options

BTCetera

member

Activity: 81

Merit: 10

Quote from: ElDido on January 11, 2014, 01:32:24 PM

You are correct.
Altough odds can change quite quickly so stay tuned.

So what are the plans for BTCoracle now that Gox has halted trading?

ElDido

newbie

Activity: 48

Merit: 0

You are correct.
Altough odds can change quite quickly so stay tuned.

coinrevo

member

Activity: 70

Merit: 10

Interesting concept. I haven't used the site, since the odds are far from fair for an honest participant. Payouts and winrate continue to be abnormally high. In the short term the fair factor would be 2.0 x, not 1.3x. So its unlikely that the winners are honest (dishonest profits have to be subtract from earnings of honest participants). I'm quite surprised that they can do this, as influencing market prices takes a lot of capital.

DarkEmi

full member

Activity: 223

Merit: 100

Quote from: bitdragon on December 05, 2013, 05:40:30 AM

Last week I ran a little chart based on their history page and it seems they were down around 20Bitcoins overall from April to December 2nd.

Not very encouraging, at least in the mid term.

Haha thats correct sir we are down around 20 bitcoins Cheesy

Still struggling to make a profit the users are skilled ;o

Ideally the winning players should make money from the loosers, minus a small edge

Don't worry we are well funded and in bitcoin for the long run !

Thanks you guys for using our service !

mnightwaffle

hero member

Activity: 1009

Merit: 506

I really enjoy betting on oracle, excellent idea. Currently at 70% wins on 15 minute bets while being a total amateur with tradingview Embarrassed

realcoin

sr. member

Activity: 364

Merit: 250

Quote from: DarkEmi on May 01, 2013, 07:22:08 AM

Quote from: puffpuffpass on April 28, 2013, 08:29:32 PM

only problem I see with your system is that there may be a delay in receiving the bitcoins and by that time, the dynamics of the market have changed from the moment the users decides to bet, and that is an annoyance for me personally.

Hello,
Yes there is.
I dont see any way to go around it. Maybe there is, but there is no way to know the exact time you decide to bet, except with when the bets was propagated on the network.

Edit: Actually since we are using blockchain.info as "trustee" to estimate the betting time, if you bet FROM a blockchain.info wallet the bet is actually real time, ie there is no delay between the time you send and the time the timestamp is registered on blockchain.info.
Maybe we whould advertise bets from blockchain.info wallets as being real time !!!

Quote

Due to a bug at mtgox the trading looped for hours and the mtgox trading data does not exist. As a consequence, we will refund all options that were opened during this timeframe.
Thanks all for your support !
more info on this issue on reddit: http://www.reddit.com/r/Bitcoin/comments/1s9fef/we_are_stuck_in_replay/
http://www.btcoracle.com/index.php

Does someone trade this options?

bitdragon

hero member

Activity: 609

Merit: 501

peace

Last week I ran a little chart based on their history page and it seems they were down around 20Bitcoins overall from April to December 2nd.

Not very encouraging, at least in the mid term.

starsoccer9

legendary

Activity: 1630

Merit: 1000

Looks like site has frozen and stopped payouts. not sure if its a bug or he has chosen to run off now.

DarkEmi

full member

Activity: 223

Merit: 100

This guy is on a incredible run :

http://btcoracle.com/search.php?s=1EFRRUNTXiMA7qRzbgwyZfayjuSawoHpXo

Insider info or manipulation Roll Eyes

Anyhow, following his position sounds like a good idea

DarkEmi

full member

Activity: 223

Merit: 100

Hello PurpleTentacle and Zephir,

We are still unsure about this change actually. This is still a heated discussion in our team

As Zephir said, reverting the system pose a lot of problem because people are used of the way it is now.

In any case, what is most important to us is what players want, and we are unsure of that, but unless there is a strong consensus we wont change the system now we think.

Another issue, is we propose simple verification links for players with mtgox, and we cannot propose these tools anymore if we change the system.

Regards,

Emilien

Zephir

hero member

Activity: 533

Merit: 539

Why changing a working system?
I don´t think, that players are appreciate, if they change the running system.
It is complete irrelevant, if they take the price before, or after placing the bet.
Most of the time the blockchain is a few seconds till a minute ahead of Gox time.
So your bet will never arrive right at the dot, you wanna have it.
Just deal with it.
It is gambling!

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Quote from: DarkEmi on June 12, 2013, 11:06:05 AM

Hello Deadweasel,

Sorry I am looking at your issue right now. I don't check the forum daily, the surest way to contact us within a short time frame is the support mail, sorry for all the issue.

Just right now something that I can say about our system, from our FAQ :

"
If your bet starts at 09:00:00, we take the first trade thats occurs starting at 09:00:00. If your bet is expected to close at 12:00:00, we will take the price from the first trade that occurs since 12:00:00.
"

Your complaint is not the first one like this we have. At such, we will actively work to revert the system back to what it was; meaning we will take the LAST trade at the time of your bet and not the first trade at the time of your bet

I am sorry I can not check much more as right now blockchain.info is down, so our service probably is. I come back to you with a solution as soon as blockchain.info is up and running.

I am posting again with a decision from my team regarding your bet in the upcoming hours, as soon as blockchain.info is up again

Best regards,

Emilien

Hi DarkEmi, is there any progress in reverting the system back?

DarkEmi

full member

Activity: 223

Merit: 100

Thanks for your kind word sir, thats always appreciated !
And good luck

btw, we just introduced "touch" bets to our system.

Zephir

hero member

Activity: 533

Merit: 539

Hello.
Really nice site.
I love to bet a bit, with play money, since a month ago and you have great customer support, if anything goes wrong.
Just minutes later you gave answers and everything went correct after that.
I like it. Grin

DarkEmi

full member

Activity: 223

Merit: 100

Hello

Yes it seems the protection mechanism against missing market data that I did put in place was too tight,

I have loosen it a bit and now your bet is correctly registered. Sorry

Good luck !

MattFoster42

newbie

Activity: 40

Merit: 0

Hi, any ideas what is happening with https://data.mtgox.com/api/1/BTCUSD/trades?since=1371082860000000&limit=1

Which you can see in

https://data.mtgox.com/api/1/BTCUSD/trades?since=1371082860000000&limit=1

Still pending data.......

Thx

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: DarkEmi on June 12, 2013, 12:46:24 PM

For complete transparency here is what happened :

The issue is on our market data providers.

We lost the market data access for around an hour or so, we got it some time after your bet was started thus we took an incorrect trade value for your bet.

We are tightening our protection system.

If anyone had the same issue while loosing a bet, contact us and we will correct this as well. I dont think this happened a lot, I found only one bet with the same issue with a quick search and it has been winning.

If you happened to win a bet which you should have lost instead, then well lucky you Grin

You can bet freely, sorry for any inconvenience

Please note that we still have the system where we take the first trade occuring after your bet is registered on blockchain.info.

Great, thanks for the quick work! It's nice to see professionalism seeping into more BTC biz!

DarkEmi

full member

Activity: 223

Merit: 100

For complete transparency here is what happened :

The issue is on our market data providers.

We lost the market data access for around an hour or so, we got it some time after your bet was started thus we took an incorrect trade value for your bet.

We are tightening our protection system.

If anyone had the same issue while loosing a bet, contact us and we will correct this as well. I dont think this happened a lot, I found only one bet with the same issue with a quick search and it has been winning.

If you happened to win a bet which you should have lost instead, then well lucky you Grin

You can bet freely, sorry for any inconvenience

Please note that we still have the system where we take the price of the first trade occuring after your bet is registered on blockchain.info.

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: deadweasel on June 12, 2013, 11:26:39 AM

Quote from: DarkEmi on June 12, 2013, 11:23:59 AM

It looks like indeed there was a bug with your bet,

We are still looking into this issue, please be patient Cheesy

If you won and you lost because of a bug, please rest assured that we will pay you manually as if you won. But please understand the investigation on our side can take up to a day

As we have not identified the origin of the bug yet please refrain from betting, regards

Edit :

To be sure I am analysing the correct bet, can you confirm your bet is this one :

1GdtkZzhZTzBssUq6bnE27cz4rv5SJ4sr5 0.3 07 Jun 18:40:59 $ 110.22 08 Jun 18:40:59 $ 108.16 lost 1.74 0

Yes, Correct. I will be patient. Thanks for investigating!

I have just been credited the winning amount.

BTCoracle has excellent customer service and are running a legit site. This makes me very happy. Time to go bet the winnings! (after the bug is fixed).

I'm in your corner now, BTCoracle.

Cheers!

Topic: BTCOracle : Bet on the future price of bitcoin ! - page 2. (Read 8511 times)