I think the site that BitCoinDream was referencing was secondstrade.com, which closed down sometime in 2017 due to an apparent database hack that emptied the site of most of their funds. The Secondstrade account was also purportedly hacked and is now negged. I'm still not completely sure what happened in that whole situation and whether or not it was a deliberate scheme to run away with user funds.
Interesting game. I've always liked binary options, but the 69% rate definitely turns me away when there are other sites with higher rates out there. I may still check out the site, though. Do you have any idea what your maximum bet will become after the low maximum bet is removed?
Topic: Stockr.co - Bet on hourly and daily candle changes! - page 2. (Read 373 times)
I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.
Would be be able to tell me of other games that are the same way? Why do you think it is not fair? If you are confident in your trading ability, why not?
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You can validate that BitFinex rates are used by matching the prices from your platform and from ours. If the prices match or are very close, we are probably using the same platform.
Doesn't changes the fact that the rates weren't manipulated in your favour.
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I guess the solution to this would be to enable use of different data providers by the user, which is something that we can offer in the future.
No, it isn't the solution. Just because you are using data from multiple sources doesn't mean that they can't be manipulated. Just like @BitCoinDream said these binary options aren't provable fair and the house edge is a quite large one with them usually at around 11-20% on average. A whopping 33% in your case.
I am seeing such games since 2014. Unfortunately, these type of games are not provably fair.
Minimum Bet: .0001 BTC
Maximum Bet: .003204 BTC (For 2 weeks)
Basing with these minimal and max amounts assuming you do only have small bankroll but its still better than nothing at all.This is just like binary where you bet on prices on a particular timeframe.
The thing I do complain about is on the time on where you can make a bet span of 4-5 minutes on a hourly result will really be a disadvantage.
Maximum Bet: .003204 BTC (For 2 weeks)
Basing with these minimal and max amounts assuming you do only have small bankroll but its still better than nothing at all.This is just like binary where you bet on prices on a particular timeframe.
The thing I do complain about is on the time on where you can make a bet span of 4-5 minutes on a hourly result will really be a disadvantage.
Why is there a cap on maximal bet?
Cuz of their bankroll. You aren't investing in anything. You are just betting against the house for what an X Stock will be worth after an hour. They are a binary options website. BTW OP the return of 69% is too low TBH. There many binary options which offer a higher ROI. Also, How can we validate that indeed the bitfinex rates are being used? This is too Risky TBH. You can be one of a whale on Bitfinex and could manipulate the results in your favour. Or someone can make you go bankrupt by manipulating the rates on bitfinex. How do you ensure there isn't a manipulation going on by either end?
You can validate that BitFinex rates are used by matching the prices from your platform and from ours. If the prices match or are very close, we are probably using the same platform.
We're not associated with BitFinex at all. BitFinex is a standalone company. I guess the solution to this would be to enable use of different data providers by the user, which is something that we can offer in the future.
Why is there a cap on maximal bet?
Cuz of their bankroll. You aren't investing in anything. You are just betting against the house for what an X Stock will be worth after an hour. They are a binary options website. BTW OP the return of 69% is too low TBH. There many binary options which offer a higher ROI. Also, How can we validate that indeed the bitfinex rates are being used? This is too Risky TBH. You can be one of a whale on Bitfinex and could manipulate the results in your favour. Or someone can make you go bankrupt by manipulating the rates on bitfinex. How do you ensure there isn't a manipulation going on by either end?
Why is there a cap on maximal bet?
Stockr.co is an online platform with a user friendly interface created to allow traders and alike to place wagers on the price change of crypto currencies. We offer wagers for 1hr and Daily timelines. It is a lot like sports betting. We create the line on whether we think price will go UP or DOWN in the next timeframe. We allow you to place wagers on that.
We started this platform in hopes of filling a void. As avid traders for past 10 years, when there was a set up for a certain timeline, I had to care about slippage, platform fees, small gains. Stockr.co offers flexibility for day traders and investors alike. It can be used to hedge your current gains or do scalping in the short term.
Say Bitcoin is trading at $6,300 at 13:56PM. You think that bitcoin price will rise in the next hour. We allow you to place a wager before 14:00PM. The odds for the price of bitcoin to be higher than $6,300 at 14:00PM are -145. Your wager of 1 BTC will earn you .69 BTC and a total payout of 1.69BTC available to withdraw as soon as your initial deposit has been confirmed.
Same can be applied if you think that bitcoin will fall in price in the next hour.
Our priority in this venture and in this community is Fairness and Transparency. We are looking to develop a tight-knit community that offers support to new and existing members of our expanding bitcoin community.
Our number one priority is building your trust. This industry is very volatile and has seen plenty of ventures come and go. This has left a lot of the members apprehensive. We aim to bring down those walls and offer a friendly, transparent and fair place for all to participate in.
We offer wagers on all the major crypto currencies:
LTCUSD, BTCUSD, BCHUSD, ETHUSD, ZECUSD, XRPUSD, XLMUSD
(if you would like others, please use LiveChat on the website)
The prices are reflected by BitFinex.
We are based in San Francisco, USA.
We can be contacted 24/7 through the LiveChat on the website or reached [email protected] and our team will do their best for a quick response.
Minimum Bet: .0001 BTC
Maximum Bet: .003204 BTC (For 2 weeks)
Instagram: http://instagram.com/stockr.co
Facebook: https://www.facebook.com/stockr.co/
Email: [email protected]
We started this platform in hopes of filling a void. As avid traders for past 10 years, when there was a set up for a certain timeline, I had to care about slippage, platform fees, small gains. Stockr.co offers flexibility for day traders and investors alike. It can be used to hedge your current gains or do scalping in the short term.
Say Bitcoin is trading at $6,300 at 13:56PM. You think that bitcoin price will rise in the next hour. We allow you to place a wager before 14:00PM. The odds for the price of bitcoin to be higher than $6,300 at 14:00PM are -145. Your wager of 1 BTC will earn you .69 BTC and a total payout of 1.69BTC available to withdraw as soon as your initial deposit has been confirmed.
Same can be applied if you think that bitcoin will fall in price in the next hour.
Our priority in this venture and in this community is Fairness and Transparency. We are looking to develop a tight-knit community that offers support to new and existing members of our expanding bitcoin community.
Our number one priority is building your trust. This industry is very volatile and has seen plenty of ventures come and go. This has left a lot of the members apprehensive. We aim to bring down those walls and offer a friendly, transparent and fair place for all to participate in.
We offer wagers on all the major crypto currencies:
LTCUSD, BTCUSD, BCHUSD, ETHUSD, ZECUSD, XRPUSD, XLMUSD
(if you would like others, please use LiveChat on the website)
The prices are reflected by BitFinex.
We are based in San Francisco, USA.
We can be contacted 24/7 through the LiveChat on the website or reached [email protected] and our team will do their best for a quick response.
Minimum Bet: .0001 BTC
Maximum Bet: .003204 BTC (For 2 weeks)
Instagram: http://instagram.com/stockr.co
Facebook: https://www.facebook.com/stockr.co/
Email: [email protected]
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