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TIP: start this website from a shortcut on the homescreen of your phone and it will look like an App.


DOUBLE YOUR BITCOIN WITH A
CORRECT PRICE PREDICTION!




TRADE WITH A NODE ID (OR DONATE):
  1. To start a trade, click "TRADE" on the top bar and select "WITH NODE ID" (or "TO DONATE").
  2. Insert the amount you want to trade for in satoshi (between 500 and 5000).
  3. Insert your lightning node's ID (won't be shown).
  4. There's the option to provide an alias. If left blank, your node's alias will be used instead.

    An alias may consist of letters, numbers and spaces, with individual words not larger than 10 characters and a maximum length of 40 characters.
  5. If you think the bitcoin price will be higher X hours from now, choose "HIGHER XH", otherwise "LOWER XH". For the choice "HIGHER" the color of the opening price will be green, for "LOWER" red.
  6. An invoice is now generated which needs to be paid over the Lightning Network to initiate the trade. This includes a 0.2% trading fee.

    Only pay the invoice if the server connection is working correctly and the hart pictogram changes color approximately every 3 seconds.
  7. Your trade is now visible on the home page, with your alias and one ⚡ pictogram, to show this is a real Lightning Network trade using a node ID (donations will also show a thunbs up pictogram). A countdown begins and every 5 minutes all values are automatically updated. The screen refreshes every 2 minutes. The expected profit is shown in satoshi.
  8. If your prediction turns out to be correct (Payment green), within 5 minutes, an automatic payment will be made double the amount traded. Make sure your lightning node software supports "KeySend". If the "KeySend" payment fails, a "sendinvoiceless" routing fee payment is made. The result of our payments can be seen in the "PAYMENTS" page.
  9. After 24 hours your closed trade will disappear from the screen.


TRADE WITH AN INVOICE:
  1. To start a trade, click "TRADE" on the top bar and select "WITH INVOICE".
  2. To receive your bitcoins after a successful trade, generate and insert an invoice for the Bitcoin Lightning Network of TWICE the amount of satoshi you want to trade for.

    The expiry of the invoice should be at least 2 times the number of seconds of the duration of the trade. So for a 3 hour trade it should be at least 2 x 3 x 3600 = 21600 seconds. However, an expiry of 604800 (1 week) is preferred in all cases.

    Trades must be beween 500 and 5000 satoshi (so invoices between 1000 and 10000 satoshi).

    Blue Wallet users and BLW wallet users should trade with an invoice and 12 hours or less (default expiry is 1 day). Eclair users can trade 1, 2 and 3 hours with a 6 hour expiry (settings -> payment request expiry). It's currently not possible to trade with the Phoenix wallet because the expiry is too low and not adjustable.

    Example of how to generate the invoice for a 3000 satoshi trade (with preferred expiry setting) from the command line:

    LND: lncli addinvoice --amt 6000 --expiry 604800

    C-LIGHTNING: lightning-cli invoice 6000000 BDT BDT 604800

    ECLAIR eclair-cli createinvoice --amountMsat=6000000 --description=BDT --expireIn=604800
  3. There's the option to provide an alias. If left blank, your node's alias will be used instead.

    An alias may consist of letters, numbers and spaces, with individual words not larger than 15 characters and a maximum length of 40 characters.
  4. If you think the bitcoin price will be higher X hours from now, choose "HIGHER XH", otherwise "LOWER XH". For the choice "HIGHER" the color of the opening price will be green, for "LOWER" red.
  5. An invoice is now generated which needs to be paid over the Lightning Network to initiate the trade. This includes a 0.2% trading fee.

    Only pay the invoice if the server connection is working correctly and the hart pictogram changes color approximately every 3 seconds.
  6. Your trade is now visible on the home page, with your alias between ⚡ pictograms, to show this is a real Lightning Network trade using an invoice. A countdown begins and every 5 minutes all values are automatically updated. The screen refreshes every 2 minutes. The expected profit is shown in satoshi.
  7. If your prediction turns out to be correct (Payment green), within 5 minutes, an automatic payment will be made double the amount traded. The result of our payments can be seen in the "PAYMENTS" page.
  8. After 24 hours your closed trade will disappear from the screen.


TRADE FOR FREE:
  1. To start a trade, click "TRADE" on the top bar and select "FOR FREE".
  2. Choose an alias. An alias may consist of letters, numbers and spaces, with individual words not larger than 15 characters and a maximum length of 40 characters.

    Your alias will be displayed without a ⚡ pictogram, to distinguish it from real Lightning Network trades.
  3. If you think the bitcoin price will be higher X hours from now, choose "HIGHER XH", otherwise "LOWER XH". For the choice "HIGHER" the color of the opening price will be green, for "LOWER" red.
  4. Via an automatic lightning payment, your free trade will become visible on the home page. The randomly chosen amount of the trade will be between 1000 and 5000 satoshi.

    A countdown begins and every 5 minutes all values are automatically updated. The screen refreshes every 2 minutes. The expected imaginary profit is shown in satoshi.
  5. If your prediction turns out to be correct (Payment green), an imaginary payment double the amount traded will be shown under "Closed Trades".
  6. After 24 hours your closed trade will disappear from the screen.


GENERAL INFO:
  1. Make sure there's enough liquidity in your channels to receive payments via our lightning node (see "CHANNELS").
  2. The bitcoin price in US dollar is taken from Bitstamp and if unreachable Coinbase. If both exchanges are unreachable, the price won't change and after a while placing new trades will be halted until the exchanges function normally again.
  3. The price is displayed in dollars but internally the price accurate to the dollar cent is used. If the difference between the opening and the current or closing price is a dollar or less, the dollar cents are also displayed.
  4. In the unlikely case that the opening and closing price are equal to the dollar cent, the website receives the reward.
  5. If you want to clear an alias or nodeid stored in a cookie, just remove it and submit the invalid trade.
  6. On Android or iOS in Chrome or Safari add a shortcut for the website to your homescreen and the website will look exactly like an App: screen shot. So now we got an App look-and-feel without asking anyone for permission!
  7. Only one open trade per node or ip at a time.
  8. Contact: BitcoinDayTrader.nl@gmail.com