Can you predict the Bitcoin price and win free Bitcoins?

mralbi

sr. member

Activity: 271

Merit: 250

Quote from: Vlad2Vlad on August 12, 2014, 04:48:37 AM

How much free credits does one get and how much do additional credits cost? Kinda sounds like a bait and hook scheme but maybe not. Afterall, some people like to gamble.

Cheers!

you cannot buy or sell credits. This is just some "worthless" in-game currency. You get free credits for signup and you have to bet with them. If you bet well you get more credits, if you bet not so well, you lose credits. This will help determine on who is the best predictor.

You cannot add credits artificially, e.g. with buying, as this would distort the betting towards "who spends most". It is a fair and free game in each round, but with REAL bitcoin prizes

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

How much free credits does one get and how much do additional credits cost? Kinda sounds like a bait and hook scheme but maybe not. Afterall, some people like to gamble.

Cheers!

H999Power

newbie

Activity: 3

Merit: 0

Hmm, looks interesting. Maybe I will give it a try in September when it's the new round going on. Since there's nothing to lose... lol Grin

Bitalo_Martin

member

Activity: 81

Merit: 10

at the end of each round

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Suppose i made a bet in one of the open bets and my prediction is correct, when do i get the winnings?

mralbi

sr. member

Activity: 271

Merit: 250

Quote from: BitCoinDream on August 10, 2014, 03:57:17 PM

Quote from: Bitalo_Martin on August 09, 2014, 06:06:22 PM

Bitalo is an integrated exchange.
The concept is to provide the most secure place to trade

https://www.youtube.com/watch?v=EcYHOZeb6LA

more services will be added soon.

But, that is centralization I believe. Is not it ?

No, all Bitalo services are purely peer 2 peer and based on multi signature. Private keys are encrypted with the user's password which only the user knows and therefore the User never gives up control over his bitcoins and even when the site is offline he (and only he) can recover the bitcions with a backup transaction. We also never handle any FIAT money. You cannot become more secure and decentralised

HollowIP

sr. member

Activity: 518

Merit: 250

Quote from: rogerdonkey on August 10, 2014, 07:11:14 PM

how to put my prediction??

Register first. Then go to open bets, click on one of them, and enter your prediction with the sliding brackets.
confirm, and see how it goes.

rogerdonkey

full member

Activity: 154

Merit: 100

how to put my prediction??

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: Bitalo_Martin on August 09, 2014, 06:06:22 PM

Bitalo is an integrated exchange.
The concept is to provide the most secure place to trade

https://www.youtube.com/watch?v=EcYHOZeb6LA

more services will be added soon.

But, that is centralization I believe. Is not it ?

robhimself

full member

Activity: 154

Merit: 100

Calling out scams, one HYIP at a time...

Quote from: HollowIP on August 10, 2014, 02:51:34 PM

This is awesome. Just what I was looking for.
Reminds me of sparkprofit.

Sparkprofit is really awesome (didnt mean to hijack post at all) Its a stock market game- you make predictions, and gain points if correct. The top guessers each week earn money, which you can cash out to bitcoins too. Tongue

) Id throw my ref link for it here, but Im way to lazy for that.

Anyways- I recommend this game. No risk- its fun. It will give you a better understanding about the psychology behind the btc price as well. And if you win, its a good 100-300mbtc.

Sparkprofit is def awesome, I've made about $135 on there so far Cheesy

HollowIP

sr. member

Activity: 518

Merit: 250

This is awesome. Just what I was looking for.
Reminds me of sparkprofit.

Sparkprofit is really awesome (didnt mean to hijack post at all) Its a stock market game- you make predictions, and gain points if correct. The top guessers each week earn money, which you can cash out to bitcoins too. Tongue

) Id throw my ref link for it here, but Im way to lazy for that.

Anyways- I recommend this game. No risk- its fun. It will give you a better understanding about the psychology behind the btc price as well. And if you win, its a good 100-300mbtc.

Bitalo_Martin

member

Activity: 81

Merit: 10

Quote from: robhimself on August 10, 2014, 02:24:54 PM

Checking it out now, what's the business model for the giveaway part of this idea? Just a loss-leader to get people on the site or do you have plans for the data collected?

At the moment, there is no real business model behind. We just want to build something great for the community and attract users to the main site www.bitalo.com, which will also get a major revamp, soon. Maybe later we can ask for sponsors for prizes or so.

Magicman420

sr. member

Activity: 309

Merit: 250

I'm confused on this.. Will have to look into more

robhimself

full member

Activity: 154

Merit: 100

Calling out scams, one HYIP at a time...

Checking it out now, what's the business model for the giveaway part of this idea? Just a loss-leader to get people on the site or do you have plans for the data collected?

BitCoinPokerBro

hero member

Activity: 826

Merit: 1000

Quote from: Bitalo_Martin on August 10, 2014, 06:08:28 AM

no, there is no direct convertibility with the credits to bitcoin or similar. Internal credits are just the play money for the round. It will be reset when a new round starts.

It is a round-based "game" and the one with most internal credits will win the bitcoin price, the second will win the second price. Here is the current ranking:

http://predictions.bitalo.com/round-rankings

You get internal credits if your bets are correct, more precise, earlier in time and dfifferent to what others bet. You can also decide to close bets at "current market price" and redo the bet, in case you changed your mind. The algorthims are sophisiticated and you need to practice a bit to understand it better.

But since participation is free you have nothing to lose

Here is some more detailed description on how it works.
http://predictions.bitalo.com/faq

But basically all you have to do is to simply bet the correct bitcoin price.

Ok, now I understand. Very interesting concept to say the least.

When are earnings added? I placed a bet and not more than an hour later interest had already been earned. Possibly based on price fluctuation instead of time?

Divinespark

hero member

Activity: 938

Merit: 501

Interesting concept
Will check you guys out and maybe sign up, thanks

Bitalo_Martin

member

Activity: 81

Merit: 10

no, there is no direct convertibility with the credits to bitcoin or similar. Internal credits are just the play money for the round. It will be reset when a new round starts.

It is a round-based "game" and the one with most internal credits will win the bitcoin price, the second will win the second price. Here is the current ranking:

http://predictions.bitalo.com/round-rankings

You get internal credits if your bets are correct, more precise, earlier in time and dfifferent to what others bet. You can also decide to close bets at "current market price" and redo the bet, in case you changed your mind. The algorthims are sophisiticated and you need to practice a bit to understand it better.

But since participation is free you have nothing to lose

Here is some more detailed description on how it works.
http://predictions.bitalo.com/faq

But basically all you have to do is to simply bet the correct bitcoin price.

BitCoinPokerBro

hero member

Activity: 826

Merit: 1000

If everyone is given 10,000 how much is each credit worth? What is the rollover for said coins? More info is needed!

Repteezy

newbie

Activity: 12

Merit: 0

Thanks for the providing thi, I will definitely be a part of this. Wish me luck guys.

Bitalo_Martin

member

Activity: 81

Merit: 10

Bitalo is an integrated exchange.
The concept is to provide the most secure place to trade

https://www.youtube.com/watch?v=EcYHOZeb6LA

more services will be added soon.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: Bitalo_Martin on August 09, 2014, 04:49:46 AM

Win Bitcoins by predicting the future Bitcoin price! at http://predictions.bitalo.com

Bitalo, the most secure Bitcoin service based on multi-signature wallets, and "backup transactions" has finally released its sophisticated Bitcoin price prediction tool. Users can predict a price X at a certain date and bet on it. This "crowd intelligence" data enables accurate predictions of the future bitcoin price.

We would like to invite you to make your prediction, join the competition and win Bitcoins in the first rounds of Bitalo Predictions.

Participation is absolutely free. All you have to do is start betting with the credits you receive at signup. But be quick – the earlier you place your bets the higher your winning will be.

In case you have questions or you need further assistance, please email us directly at [email protected]

Otherwise just go for it!

Sorry for being off-topic. I'm a little confused over Bitalo services. Is it an exchange, a wallet or a mining pool ?

Bitalo_Martin

member

Activity: 81

Merit: 10

Win Bitcoins by predicting the future Bitcoin price! at http://predictions.bitalo.com

Bitalo, the most secure Bitcoin service based on multi-signature wallets, and "backup transactions" has finally released its sophisticated Bitcoin price prediction tool. Users can predict a price X at a certain date and bet on it. This "crowd intelligence" data enables accurate predictions of the future bitcoin price.

We would like to invite you to make your prediction, join the competition and win Bitcoins in the first rounds of Bitalo Predictions.

Participation is absolutely free. All you have to do is start betting with the credits you receive at signup. But be quick – the earlier you place your bets the higher your winning will be.

In case you have questions or you need further assistance, please email us directly at [email protected]

Otherwise just go for it!

Topic: Can you predict the Bitcoin price and win free Bitcoins? (Read 1587 times)