Topic: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! - page 20. (Read 241385 times)
July 16, 2015, 02:03:07 PM
buy @274.96
July 16, 2015, 11:51:28 AM
buy 277
July 16, 2015, 11:49:16 AM
If someone hodl money until the end of year he will have the arbitrage advantage.
What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
there is always that risk, but there is an 8h gap between 2 trades, so it isn't very likely
Not what I meant, but you will see sooner or later, when the ranking position will be wrong because people decided to take advantage of the arbitrage by hodling USD
July 16, 2015, 01:15:04 AM
panic sell @283.64
July 15, 2015, 06:05:35 PM
Greece refuses to jump into the abyss, so sell @285.57
Guess second place until the new first buys
Guess second place until the new first buys
July 15, 2015, 03:43:03 PM
Hold my little BTC 
July 15, 2015, 02:04:05 PM
For my first post ever on btctalk, I'm joining your little game!
Starting with a USD balance and All in @289.11$!
Starting with a USD balance and All in @289.11$!
July 15, 2015, 01:21:48 PM
Starting with a BTC balance, rate is currently $289.10.
July 15, 2015, 01:12:58 PM
A little late to this, but I'd like to join. 
Everybody can join at any time. Tell uw if you want to start with a BTC or usd Balance and what the current bpi exchange rate is when you post that message
July 15, 2015, 12:55:50 PM
A little late to this, but I'd like to join.
July 15, 2015, 10:06:29 AM
If someone hodl money until the end of year he will have the arbitrage advantage.
What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
there is always that risk, but there is an 8h gap between 2 trades, so it isn't very likely
July 15, 2015, 10:02:47 AM
If someone hodl money until the end of year he will have the arbitrage advantage.
What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
July 15, 2015, 08:43:07 AM
buy @293.65
last trade with bitcoinaverage, next one with will be with BPI
last trade with bitcoinaverage, next one with will be with BPI
July 15, 2015, 12:59:31 AM
hold BTC.
July 14, 2015, 07:18:02 PM
July 14, 2015, 07:11:51 PM
I used api.bitcoinaverage.com/ticker/global/USD/last
So if I understand correct I have to put my sell at the Coindesk price?
So if I understand correct I have to put my sell at the Coindesk price?
yes, please repost your trade
edit: wait
it was a BUY
You needed to BUY using BAV, so you were correct.
Sorry for the confusion
edit2: i added this thrade to your account. From now on, use BPI
July 14, 2015, 07:10:55 PM
I used api.bitcoinaverage.com/ticker/global/USD/last
So if I understand correct I have to put my sell at the Coindesk price?
So if I understand correct I have to put my sell at the Coindesk price?
July 14, 2015, 07:06:29 PM
buy @ 289.04
Did you use BPI or BAV?
We oficially switched over 5 minutes ago !!!
That was so 5 minutes ago Dnaleor XD
Didn't even give anyone a chance to scoop the bounty ha-ha
Anyways nice touch with the Light blue cyan on the trading doc it makes it easy to remember since it looks off
July 14, 2015, 07:05:29 PM
buy @ 289.04
Did you use BPI or BAV?
We officially switched over 5 minutes ago !!!
Quote
Switch from BAV (Bitcoin averagere) to BPI (coindesk) on july 15
Hi!
We decided that we want to use the more accurate Bitcoin Price Index published at coindesk in stead of the Bitcoinaverage.com quote.
Why:
*historical data for checking trades
*bitcoinaverage includes the volatile localbitcoins, making the rate less reliable
*having less confusion about which rate to take from the website.
How?
before july 15, everybody keeps using the BAV price as explained in the opening post.
On july 15, everyone who has a BTC balance, will start using the BPI price publsihed at coindesk (see below)
If your balance is in fiat on july 15th, your next (BUY) trade will be using the BAV price. After that, you start using the BPI.
(this eliminates possible arbitraging profits by selling before we make the switch)
Practical:
To make the transition as smooth as possible, your fiat balance will be colored in blue on the scoreboard until you buy at BAV price.
For btc balances, no coloring will happen, because these balances are immediatly transferred to the BPI.
The scoreboard will publish the coindesk price, but remember, those exchange rate is only indicative. You ALWAYS need to check the current rate at the website. Don't rely on the rate published on the scoreboard, because this only refreshes once every hour.
the coindesk BPI can be found here: http://www.coindesk.com/price/
Printscreen:
In this example, we use 269.34 USD, NOT the 24h price (269.08 USD)
Hi!
We decided that we want to use the more accurate Bitcoin Price Index published at coindesk in stead of the Bitcoinaverage.com quote.
Why:
*historical data for checking trades
*bitcoinaverage includes the volatile localbitcoins, making the rate less reliable
*having less confusion about which rate to take from the website.
How?
before july 15, everybody keeps using the BAV price as explained in the opening post.
On july 15, everyone who has a BTC balance, will start using the BPI price publsihed at coindesk (see below)
If your balance is in fiat on july 15th, your next (BUY) trade will be using the BAV price. After that, you start using the BPI.
(this eliminates possible arbitraging profits by selling before we make the switch)
Practical:
To make the transition as smooth as possible, your fiat balance will be colored in blue on the scoreboard until you buy at BAV price.
For btc balances, no coloring will happen, because these balances are immediatly transferred to the BPI.
The scoreboard will publish the coindesk price, but remember, those exchange rate is only indicative. You ALWAYS need to check the current rate at the website. Don't rely on the rate published on the scoreboard, because this only refreshes once every hour.
the coindesk BPI can be found here: http://www.coindesk.com/price/
Printscreen:
In this example, we use 269.34 USD, NOT the 24h price (269.08 USD)
July 14, 2015, 07:04:11 PM
buy @ 289.04
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