Topic: [In Memoriam] Guess BTC price contest - page 5. (Read 1706 times)

Thanks to LW's daughter and family for this contest, I hope they are doing better now, of course, not to forget to thank the two of you for arranging this.

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Looking at the weekly chart of BTC the nearest major resistance line is at $48,200, I believe that by January 9th we will be battling that line or at least close to it, so my prediction would be


Good luck to everyone.

Btw, If I may, I would like to propose extending the submission of applications until December 31st.

I would like to thank the family of light_warrior for wanting a competition held in his name and to icopress and GazetaBitcoin for taking the initiative to initiate it according to their wishes.

The reason I chose the following amount as my entry is because I do not believe the hype that exists in several circles that Bitcoin has to increase in late December to late January. I think there will not be a case where people flood the market to buy BTC and for that reason on 9th January 2024 the price will remain somewhat less than what it is today.

Thank you for the nice contest, it's very kind gesture from light_warrior's family 


I think that the Ordinals mess will continue to "paralyze" the whole blockchain, and then the price will maybe stay between 41 and 44k. Most people can't move their BTC out of their wallet because of high fees, and people which are "holding" it on CEXes (I mean the majority of people looking for quick profit only) are definitely waiting
the 10th of January and a potential SEC approval on a BTC ETF + maybe some of them will wait until the halving in April.

So I make the bet that BTC will stay "calm" for the next month.

Good luck everyone!
Thanks OP!   

This contest is being held on behalf of light_warrior's daughter and with money donated to her by non-caring forum users. She has decided to dispose of these donations in this way. What's the bad thing? What is wrong with the fact that his daughter decided to hold this event in memory of her father? What kind of profit-making can we talk about? It's a kind of wake she decided to organize on the forum. On a forum that took her father's passing so sympathetically.

True, but it was an order from one of his family members.

Btw, I checked some charts and found it interesting that during all previous cycles on the eve of the halving, Bitcoin lost 30-60% of its value, so I think it is quite likely that in early January we will move the price in the range of 33-36 thousand. In addition, according to some analytical agencies, about 80% of all Hodlers have broken even, and many of them have started or will soon begin to take profits, so a return to 30 thousand seems quite justified to me.

Here's my prediction:

True, it looks so; I don't feel right taking part in this contest. May be better idea would be to just return the funds to donators? Donators donated money to light_warrior's family, not for the contest.

This is none of my business, but I would add "light a candle if you win" (that aint complicated, and as he was a Ukrainian, most likely he followed Christianity, so finding a church wont be hard) rule in addition to explanation of prediction. Coz for someone this contest my look like making profit from someone else's misfortune...

This is a sort of unusual contest. It is held in the memory of light_warrior. This Ukraininan forum user went on the path to light at beginning of the month.

icopress made a kind gesture and tried to help light_warrior's family with some funds, but the family (the daughter, to be more precise) said that they would not need the money and suggested to use them for organizing a contest on the forum. Although icopress insisted on offering the funds collected from donations, light_warrior's daughter kept her decision.

As a consequence, this contest is one for light_warrior.

There are ~1200$ (0.02897796BTC) held by icopress in his escrow and most of this amount will represent the prize for the contest (meaning 0.025BTC; the difference will be used for paying the fees when sending the prizes). First place will take 50% (0.0125BTC), second place will take 30% (0.0075BTC) and third place will take 20% (0.005BTC).

Participants will have to predict BTC price from CoinMarketCap on January 9th, 2024, 2:54AM UTC time. The date and time correspond to first mined Bitcoin block. Participants will also have to explain in a few words why they believe BTC will have the prize they predicted -- this condition is a must for the application to be considered eligible.

The winners will be the ones which will predict closest prices to BTC's price from CoinMarketCap.

Eligibility
Participants must have their accounts registered before Sept 1st, 2023 and must have at least 10 merits earned in the past 120 days.
Those with legitimate negative feedback from a DT user are not eligible (the legitimacy of the feedback is analyzed by me).
Registration with multiple accounts is forbidden. If I catch anyone trying this I will leave him a negative feedback.
Each user may make only one prediction.
Predictions can not be edited.
Applications can be submitted until Dec 25th 31st, 23:59:59 (forum time).

Good luck everybody! And, if you are so kind, please say a prayer for light_warrior.

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