CoinPredict.co - Predict a future BitCoin rate and win!

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: suparman987 on September 25, 2015, 11:14:03 AM

how if happen if nobody make bet during this 12 hours and there will be only 1 entry and prediction than how many percentage that person will get back as winning amount?

It is already asked and answered before and the answer is that you wont win anything, the bet will be sent back to you means that you will just lose miner fee to send your bet

Quote from: CoinPredict on September 23, 2015, 05:38:33 PM

If there is only one prediction, I will not charge anything. The bet will just be sent back.

suparman987

member

Activity: 70

Merit: 10

how if happen if nobody make bet during this 12 hours and there will be only 1 entry and prediction than how many percentage that person will get back as winning amount?

CoinPredict

newbie

Activity: 9

Merit: 0

Quote from: alwinlinzee on September 25, 2015, 07:32:56 AM

Quote from: CoinPredict on September 23, 2015, 03:37:51 AM

Quote from: alwinlinzee on September 23, 2015, 03:06:52 AM

Since this prediction is only open for 12 hours, what is the difference between binary options and your website idea?

You don't choose between two outcomes. You predict the exact value (two decimals) and the closest win all the other bets.

Alright but it is possible to have more than 2 similar predictions will they share the fund or what? 0.03 btc minimum bet is on a very high side.

No shared winnings. The first person to predict the correct value wins. Price will be 0.01 when I launch again

alwinlinzee

sr. member

Activity: 434

Merit: 250

Quote from: CoinPredict on September 23, 2015, 03:37:51 AM

Quote from: alwinlinzee on September 23, 2015, 03:06:52 AM

Since this prediction is only open for 12 hours, what is the difference between binary options and your website idea?

You don't choose between two outcomes. You predict the exact value (two decimals) and the closest win all the other bets.

Alright but it is possible to have more than 2 similar predictions will they share the fund or what? 0.03 btc minimum bet is on a very high side.

CoinPredict

newbie

Activity: 9

Merit: 0

Quote from: PlayCryptour on September 24, 2015, 12:59:31 PM

Looks like a fun one. As there is a 12-hour window, how can we as players ensure that there will not be any last minute bet made by the owner in order to be the winner?

I guess I can't really give you more than my word. Unless you can think of a way, all I can say is:
I'm not interested in "winning", but letting people win so they know it's legit and spread the word. Way more profitable.

PlayCryptour

newbie

Activity: 54

Merit: 0

Looks like a fun one. As there is a 12-hour window, how can we as players ensure that there will not be any last minute bet made by the owner in order to be the winner?

panjul07

legendary

Activity: 3500

Merit: 1354

Just visited the site and seems that there is no one place a bet so far, I think for a starting promotion you can place some bets to attract players instead of asking players to motivate others to bet. Or perhaps you have other marketing strategies..

boopy265420

legendary

Activity: 1876

Merit: 1005

I like the concept of this type of prediction based gambling but I will wait to see the things to be settled down as the minimum entry fee still two high and site by itself is in testing phase.Charge amount of 40% is too high you should distribute maximum possible amount to make it much more attractive.

CoinPredict

newbie

Activity: 9

Merit: 0

Quote from: mralbi on September 23, 2015, 07:20:26 PM

no information about prices and then charge amounts like 40%?
No information about who is behind the site?
little transparency about current bets?
no information about wallet security etc?

Does not look like a professional service to me.

I appreciate the feedback. This is my first time trying to run something like this. There is information about prices. I don't know where you got that from. Or what kind of information were you looking for? Yes, charge amounts 40% but it's not that much if you think about it. I want to keep the website ad free but I want to keep it alive. Check my calculation above and you'll see the charge amount is not much considering what you'll win and what your bet is. However, I am still open for suggestions. If anyone has an idea how I can balance it, I'll be happy to listen!

Next you mention there is no information who is behind the site. It's not a company, it's just a one man project. And honestly I don't want to reveal my real identity.

What kind of details would you like to see on the current bets? There are "Latest Predictions" and "Current Stakes". I'll be happy to hear some feedback on that. I'm willing to expand.

And finally about the security. BitCoin addresses are stored in the database, nothing else. There's no registration or anything like that. There's no risk of anyone comprimising your wallet. And no one else than me can access the prediction wallets, even if that information leaked. Only my IP is whitelisted.

joksim299

legendary

Activity: 2184

Merit: 1014

Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

Quote from: yahoo62278 on September 24, 2015, 12:40:01 AM

why is there 12 hours between bet prediction and bets stopping?

To make it fair. This waiting time will disallow someone to predict 1 minute before the result.

yahoo62278

legendary

Activity: 3626

Merit: 4440

why is there 12 hours between bet prediction and bets stopping?

Herbert2020

legendary

Activity: 1946

Merit: 1137

it is a very interesting concept for a gambling game on the bitcoin price. but it think the time frame of 12 hours is a little wide, and also the entrance price is a little high for an starting business.

phibay

sr. member

Activity: 448

Merit: 250

the game concept is interesting but i am hesitant to try this because of the high minimum amount for every entry. if you can consider lowering the minimum amount, just like others said, maybe we will give it a try

angelakay124

full member

Activity: 126

Merit: 100

Crypto-Games.net: DICE, BLACKJACK and SLOT

You are asking 0.03 btc minimum bet which is little high. As you are testing your service its better you lower down the minimum to around 0.005 or something like that as it will be very hard to trust your site because it is totally new. I like the concept but try to be more professional to catch more players.

mralbi

sr. member

Activity: 271

Merit: 250

no information about prices and then charge amounts like 40%?
No information about who is behind the site?
little transparency about current bets?
no information about wallet security etc?

Does not look like a professional service to me.

CoinPredict

newbie

Activity: 9

Merit: 0

Quote from: amiryaqot on September 23, 2015, 03:51:35 PM

Quote from: CoinPredict on September 23, 2015, 03:37:51 AM

Quote from: alwinlinzee on September 23, 2015, 03:06:52 AM

Since this prediction is only open for 12 hours, what is the difference between binary options and your website idea?

You don't choose between two outcomes. You predict the exact value (two decimals) and the closest win all the other bets.

What happen if nobody make bet during this 12 hours and there will be only 1 entry and prediction than how many percentage that person will get back as winning amount?

If there is only one prediction, I will not charge anything. The bet will just be sent back. When there are more than 3 predictions, I will charge 40% of the total amount during winner selection. That may seem like a lot, but it's really not much considering the entry price and the fact that I need to pay server costs and such. The stakes will still be high.

For example:
0.02 = Entry price
20 predictions = 0.24 BTC for the winner

Yeah by the way, the entry price is 0.02 now. Let's see how that works. Thanks for the feedback guys, keep it coming. I'm hoping to make this work. Remember it's just some public testing at the moment. Changes will be made.

sana9821

sr. member

Activity: 420

Merit: 250

entry price is pretty big considering that you have just only started your website besides that i think its an interesting idea for a gambling website

joksim299

legendary

Activity: 2184

Merit: 1014

Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

Quote from: amiryaqot on September 23, 2015, 03:51:35 PM

Quote from: CoinPredict on September 23, 2015, 03:37:51 AM

Quote from: alwinlinzee on September 23, 2015, 03:06:52 AM

Since this prediction is only open for 12 hours, what is the difference between binary options and your website idea?

You don't choose between two outcomes. You predict the exact value (two decimals) and the closest win all the other bets.

What happen if nobody make bet during this 12 hours and there will be only 1 entry and prediction than how many percentage that person will get back as winning amount?

Your bet - fee. (Nowhere on the site is displayed fee)
Interesting concept with high-return possibility.
I think that entry price is high 0.03BTC can you lower it to at least 0.01BTC?

amiryaqot

legendary

Activity: 1050

Merit: 1000

Quote from: CoinPredict on September 23, 2015, 03:37:51 AM

Quote from: alwinlinzee on September 23, 2015, 03:06:52 AM

Since this prediction is only open for 12 hours, what is the difference between binary options and your website idea?

You don't choose between two outcomes. You predict the exact value (two decimals) and the closest win all the other bets.

What happen if nobody make bet during this 12 hours and there will be only 1 entry and prediction than how many percentage that person will get back as winning amount?

CoinPredict

newbie

Activity: 9

Merit: 0

Quote from: mralbi on September 23, 2015, 06:12:43 AM

Bitalo Predictions is far more sophisiticated, as you can bet on ranges and the more accurate and more long term your bet is the higher you score.

see
http://predictions.bitalo.com

EDIT: Also, bitalo predictions is completely free and winning prizes are sponsored

That is completely irrelevant in my thread. I have been working on this for months, don't ruin it for me. I don't care if it's "more sophisticated". My game is a different concept, and the stakes are affected by the amount of participants. CoinPredict and Bitalo are not the same. It's unnecessary to compare them here.

Topic: CoinPredict.co - Predict a future BitCoin rate and win! (Read 2177 times)