I did the following bet:
https://blockchain.info/tx/a5577b56fe6b8cc64914a8e3b6b94aaf1bf93675697750e68e5604845305fcb9It was a EURUSD call. I sent the transfer on 2016-11-15 02:23:43, but the trade was not executed until 2:53:27, 30 minutes later.
The payment was sent from Electrum, which is a wallet you recommend and I saw the transaction in blockchain.org a second after I sent it.
http://secondstrade.com/tx.jsp?tx=a5577b56fe6b8cc64914a8e3b6b94aaf1bf93675697750e68e5604845305fcb9Not only that, the price of EURUSD was ~1.07515 when the option was finally purchased, but it spiked on your platform to 1.0756 and then right back down. And the option was executed at 1.0756 even though no other feed had that price movement (FXCM, Interactive Brokers or ThinkorSwim...three of the largest forex brokers). Here is an example of a similar price spike soon after the bet was made:
http://prntscr.com/d8mf2lSo basically, even with the 30 minutes extra to execute my trade, I should have won it, or at the least tied it depending on what price the option was traded at...so can you return my bet. This was my first bet and I want to place a lot more but I want to know that it will be done fairly.
EDIT:
Here is the price of EURUSD when the option was purchased. This is from TDAmeritrade, one of the worlds largest brokers.
http://prntscr.com/d8mm4rThe red line is 1.0756, and the oval is the 1 minute bar the time the bet was made. As you can see, the price was nowhere near 1.0756. And I am sure that if you look at your price feed, it will show the same spike that I linked before. Also, I know that price feeds can be different but never by 5 pips, and your price feed has matches TD Ameritrade and the other broker's that I use within 0.3 pips, while this spike was ~5 pips. Even though I was clearly suppose to win the bet, I would be fine if you just refund it. I think that would be the fairest option.
as you notice on
http://secondstrade.com/notice.html, the transaction have too small fee will be executed after 1 confirmation.
Currlently the amount of fee need at least 20000 shtosi in the trasaction on our site.
but your transaction fee was 0.00011797 BTC.
so your bet was executed after 1 confirmation.
you can check the confimation time on the
https://blockchain.info/tx/a5577b56fe6b8cc64914a8e3b6b94aaf1bf93675697750e68e5604845305fcb9and our quote get from xignite.com. we just use the data.
thank you.
Your website says "Currlently the amount of fee is at least 20000 shtosi per KB of data in the trasaction." (proof:
http://prntscr.com/d8u2vo). That means a fee rate of 0.0002 BTC per KB of data, my transfer was 52,416 shtosi per KB of data, well above the 20,000 required. The fee rate is shown here:
https://www.localbitcoinschain.com/tx/a5577b56fe6b8cc64914a8e3b6b94aaf1bf93675697750e68e5604845305fcb9or you can simply calculate it. The transfer was 225 bits (which equals 0.225 KB), and the fee was 12693.6 shtosi. 12693.6 / 0.225 = ~56416 shtosi per KB....again, well above the 20000 required (250% more). So clearly this bet should have been done right away, not after 1 confirmation...
ALSO:
If you look at
http://www.xignite.com/, their clients include TD Ameritrade (
http://prntscr.com/d8u07x, you can see TD Ameritrade in the middle row, third to last one)...which is the chart that I showed you:
http://prntscr.com/d8mm4rTD Ameritrade and you use the same exact price feed, the prices are the same. The only difference is that your prices randomly spike because the data is unfiltered.
Again, here is an example of a price spike:
http://prntscr.com/d8mf2lIn this example, the price did not jump from 1.07534 all the way to 1.07565 and then right back. Nobody else shows this move, even TD Ameritrade which uses the same exact price feed (from xignite.com).
This is the same exact price feed, and I proved to you that the price was at the most 1.07515, not 1.07560 when the bet was made. It did not even get close to that level until 20 minutes later. I also showed you a screenshot of your prices spiking randomly. Eitehr way, I should have won this bet because the price of EURUSD was higher from when I bought it to when it expired.
you can check on the
https://en.bitcoin.it/wiki/Transaction_fees about the transaction fee.
if the data size is 0~ 1k byte , the fee need 0.0002 btc
and if the data size is 1 kbyte ~ 2k byte, the fee need 0.0004 btc.
...
our notice means like a above.
if you set default fee 0.0002 on your wallet, the fee will be sent with the way like above.
and our data feed from xignite.com, we just show the data.
you can compare the data of xignite.com and the data of our site.
these price always same.
thank you.
With all due respect, it says "Currlently the amount of fee is at least 20000 shtosi per KB of data in the trasaction.", not 20000 shtosi per KB rounded up to the nearest kb. My send rate was well above what was required and according to your terms and conditions, my trade should have been executed immediately. You cannot write one thing and just change your meaning afterwords, especially with something as important as waiting 30 minutes to have a EURUSD bet executed. My transaction fee rate was more than 50k, and you only required 20k...their is no excuse for waiting 30 minutes to execute the bet. If you want a minimum send fee of 0.0002 BTC, then put that in your terms and conditions...but don't say 20000 shtosi per KB of data and then not honor it when it is sent. This is completely unfair and quite frankly unacceptable. My transaction fee rate was 250% of what was required.
Also, I did compare xignite.com rates to yours. TD Ameritrade uses the same exact price feed as you. You have the same exact prices. I have posted a screenshot of EURUSD from xignite.com and the price wasn't near 1.0756. I Please post your data and it will prove that it wasn't at 1.0756. What was the bid and the ask at the time the option was purchased...please post your data around 2016-11-15T02:53:27 and you will see that there was a massive spike right when the bet was placed.
With all that said, even though I should have won the bet, I would agree to just void the bet and return the amount. From now on, I know to send 20000 shtosi minimum so this won't be a problem with my future bets. Can you agree to that?
) stupid or crazy?
also he doesnt know for sure that you will pay, so he might decide to just grab what he already has and thats it