Topic: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! - page 21. (Read 241385 times)
July 14, 2015, 03:48:00 AM
buy @290.19
July 13, 2015, 11:43:10 AM
BUY @ 288.85
July 13, 2015, 11:23:11 AM
oh shit i have lost my top1 position, congrats lithium
July 13, 2015, 08:42:49 AM
Due to possible confusion about the transition system, we decided to give out 5 bounties of 0.001 BTC each for the first 5 trades that will be reported as using the wrong exchange rate (so BAV in stead of BPI for selling, or BPI in stead of BAV for buying during your first trade after the switch)
If you suspect an error is made, just quote the trade and post your evidence, we will decide if it' indeed a mistake. If it's an honest mistake, there won't be consequences. If we think it's cheating, there will be a 10% penalty.
These bounties will be paid by using some funds from our donation address. We feel it is necessary to make sure we have some more eyes checking the trades during the transition. This gives also an incentive to just play fair, because the chance of cheating and getting away with it will be smaller.
Good luck with the bounty hunt!
If you suspect an error is made, just quote the trade and post your evidence, we will decide if it' indeed a mistake. If it's an honest mistake, there won't be consequences. If we think it's cheating, there will be a 10% penalty.
These bounties will be paid by using some funds from our donation address. We feel it is necessary to make sure we have some more eyes checking the trades during the transition. This gives also an incentive to just play fair, because the chance of cheating and getting away with it will be smaller.
Good luck with the bounty hunt!
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 13, 2015, 06:44:33 AM
buy @289.91
(we really reached as low as 283.25?)
The bottom was 281.56 (we really reached as low as 283.25?)
July 13, 2015, 05:53:59 AM
Sorry for double post:
BUY @286.37
BUY @286.37
July 13, 2015, 05:05:10 AM
Looking back some smart sells at 312 and a peak at 315 keeps lurking while its still hot
. 
Top 6, I'm coming!
July 13, 2015, 04:32:34 AM
Curse myself and my panic buys
July 13, 2015, 03:23:36 AM
buy @289.91
(we really reached as low as 283.25?)
(we really reached as low as 283.25?)
Mumble got burned oh well its a sim
But it is increased motivation to remember that markets are volatile
And yah it was a pretty quick drop there (lol I should make it a habit that whenever I want to place my order to add 30 minutes to that clock haha)
(GZ lithium 2 more blocks and I'll sell real coins at $300 in a lagging but reliable exchange hehe so borrows the champagne)
Lol 307 Bitcoins above 300
July 13, 2015, 03:18:49 AM
buy @289.91
(we really reached as low as 283.25?)
(we really reached as low as 283.25?)
July 13, 2015, 02:49:20 AM
buy @283.25
July 13, 2015, 01:03:03 AM
Well well, looks like we're back to the price of the first day we started this.
All of the buy/holders are sitting back around $100
All of the buy/holders are sitting back around $100
Buy @ 306.99
(Since its through the 300 wall sneaks back in to see if it tests the $320 range in the next +- 4 days)
And for vanity fiat since its the same as H3speros at present ^^ (Only 45% to go to catch up to him XD)
Its been a fun ride there was a long period of a small trading range so it got pretty quiet here for a while, then the burn that messed with a lot of people as the price kept dropping and made a bunch of people drop out (now it's a near full wall of Green) so it's fun from a speculation point of view and nice to see it holding above the $300 dollar support level.
Looking back some smart sells at 312 and a peak at 315 keeps lurking while its still hot
. July 12, 2015, 09:48:12 PM
buy @ 307.52
July 12, 2015, 10:36:03 AM
SELL @312.19
July 12, 2015, 09:18:09 AM
buy @312.3
July 12, 2015, 09:06:34 AM
BUY at $302.50
.33058
.33058
Strange. I only made one trade (my initial buy) yet the chart shows a lower amount:
27 Elwar - 0.32072 $99.34 -0.66%
You've probably missed at least two activity checks, which results in a penalty.
yeah, probably a 3% penalty (1% first penalty, 2% second penalty)
I'm sorry you lost, but well, it was the rule all along (and even was softened a little over time)
It was needed to have a clear picture on who was 'actively hodling' their coins, so the inactive ones could eventually be dropped from the list (as happened already)
posting in this topic once every month is enough to be considered to be active.
July 12, 2015, 08:20:24 AM
BUY at $302.50
.33058
.33058
Strange. I only made one trade (my initial buy) yet the chart shows a lower amount:
27 Elwar - 0.32072 $99.34 -0.66%
You've probably missed at least two activity checks, which results in a penalty.
July 12, 2015, 08:10:22 AM
BUY at $302.50
.33058
.33058
Strange. I only made one trade (my initial buy) yet the chart shows a lower amount:
27 Elwar - 0.32072 $99.34 -0.66%
July 12, 2015, 08:05:00 AM
Well well, looks like we're back to the price of the first day we started this.
All of the buy/holders are sitting back around $100
All of the buy/holders are sitting back around $100
July 12, 2015, 08:00:35 AM
Just noticed I'm first % of gains-wise again.
May you consider make another ranking to the biggest % profit, or give some honorific prize to the biggest % score
(making a new post because I don't want to invalidate my trade with an edit)
May you consider make another ranking to the biggest % profit, or give some honorific prize to the biggest % score
(making a new post because I don't want to invalidate my trade with an edit)
well, ranking based on % isn't really accurate, as explained before (you can enter during a bear market or bull market, this is a huge difference)
A ranking based on this will probably not published, but maybe we can try to mention it more every time we do an update
Also, we should post the scoreboard with % column included, as Miz3r just did right now
congratz by the way!
edit: according to the update, chessnut is the first in %
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