Topic: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! - page 28. (Read 241385 times)
June 28, 2015, 08:53:37 PM
buy @ 250.96
June 28, 2015, 07:15:16 AM
buy @250.95
June 25, 2015, 12:18:02 PM
June 27, 2015, 10:41:26 PM
sell @251.92
Hope I'm right and I don't sell right before the prices rise again
Hope I'm right and I don't sell right before the prices rise again
June 27, 2015, 08:56:03 PM
sell @250.84
June 27, 2015, 06:27:13 PM
sell @251.85
June 27, 2015, 06:22:14 PM
Please send feedback on the proposal to change the price to coindesk and about my proposal to use the transition system I posted here.
I think your proposal would work fine, let's do it.
June 27, 2015, 06:03:53 PM
Please send feedback on the proposal to change the price to coindesk and about my proposal to use the transition system I posted here.
I think your proposal would work fine, let's do it.
June 27, 2015, 09:34:42 AM
I'll do an update tonight. After that update, ranks will be colored again to indicate (in)activity.
Please send feedback on the proposal to change the price to coindesk and about my proposal to use the transition system I posted here.
Please send feedback on the proposal to change the price to coindesk and about my proposal to use the transition system I posted here.
June 26, 2015, 10:02:17 PM
sell @ 245.24
June 26, 2015, 09:55:00 PM
buy @245.2
June 26, 2015, 03:18:41 PM
Hold please
June 26, 2015, 05:07:28 AM
I think I found a way to have a smooth transition so there will be no (or very limited) arbitrage:
In this example:
D-Day = the day when the transition period starts
BitcoinAverage = BA = 102 USD/BTC
CoinDesk = CD = 100 USD/BTC
Situation A: You own 1 BTC before D-Day.
You immediately start using the CD price on D-Day
Situation B: You own 102 USD before D-Day
If you want to buy BTC after D-Day, your first buy will be using BA price.
After that, you start using the CD price.
Results:
If you are in Situation A, you are already on the new price and you can buy BTC cheaper than on BA, but you first need to sell using the lower CD price before you can buy. you end up with 1 BTC or 100 USD
If you are in Situation B, you can't profit from buying using the cheaper CD price because you need to buy your coins first using BA price. You end up with 1 BTC or 100 USD
conclusion:
You don't have any incentive to buy BTC before D-Day, because 1 BTC will immediately be valued on the CD price (which will be lower than the BA price)
You don't have any incentive to sell your BTC before D-Day, because that would be about the same as selling them after D-Day because the fiat you get by selling them for D-Day need to buy coins using BA price first, before you can profit from the lower CD price.
let me know what you think about it!
In this example:
D-Day = the day when the transition period starts
BitcoinAverage = BA = 102 USD/BTC
CoinDesk = CD = 100 USD/BTC
Situation A: You own 1 BTC before D-Day.
You immediately start using the CD price on D-Day
Situation B: You own 102 USD before D-Day
If you want to buy BTC after D-Day, your first buy will be using BA price.
After that, you start using the CD price.
Results:
If you are in Situation A, you are already on the new price and you can buy BTC cheaper than on BA, but you first need to sell using the lower CD price before you can buy. you end up with 1 BTC or 100 USD
If you are in Situation B, you can't profit from buying using the cheaper CD price because you need to buy your coins first using BA price. You end up with 1 BTC or 100 USD
conclusion:
You don't have any incentive to buy BTC before D-Day, because 1 BTC will immediately be valued on the CD price (which will be lower than the BA price)
You don't have any incentive to sell your BTC before D-Day, because that would be about the same as selling them after D-Day because the fiat you get by selling them for D-Day need to buy coins using BA price first, before you can profit from the lower CD price.
let me know what you think about it!
June 26, 2015, 03:18:34 AM
I managed to extract the Coindesk BPI from their API. it was not as easy as on bitcoinaverage, but it works
(I added a new tab for this on the spreadsheet)
So in theory we could switch, just waiting for some feedback from the players and our other mod
edit: and we have the possibility to check certain suspicious trades by the minute, even when the trade happened >24 hours ago
(unlike on bitcoinaverage!)
(I added a new tab for this on the spreadsheet)
So in theory we could switch, just waiting for some feedback from the players and our other mod
edit: and we have the possibility to check certain suspicious trades by the minute, even when the trade happened >24 hours ago
(unlike on bitcoinaverage!)
Either is fine as long as its consistent that all users are using the same one
Otherwise we might see some arbitrage plays between the averages
June 26, 2015, 01:07:33 AM
How to join ? Iwant to buy all in in rate 244.5$
this message is enough. Will add you in a few minutes
SELL all now at 247.2 $
BUY all now at rate 240.14$
Sell all at 243$
June 25, 2015, 11:42:59 PM
buy @244.58
June 25, 2015, 01:20:21 PM
sell @244.96
June 25, 2015, 11:10:39 AM
sell @245.02
I feel that something is about to happen
I feel that something is about to happen
June 25, 2015, 10:11:47 AM
I managed to extract the Coindesk BPI from their API. it was not as easy as on bitcoinaverage, but it works
(I added a new tab for this on the spreadsheet)
So in theory we could switch, just waiting for some feedback from the players and our other mod
edit: and we have the possibility to check certain suspicious trades by the minute, even when the trade happened >24 hours ago
(unlike on bitcoinaverage!)
(I added a new tab for this on the spreadsheet)
So in theory we could switch, just waiting for some feedback from the players and our other mod
edit: and we have the possibility to check certain suspicious trades by the minute, even when the trade happened >24 hours ago
(unlike on bitcoinaverage!)
I would be in favor of a switch, but since the coindesk average is usually $2-4 lower than bitcoinaverage everyone could make an easy profitable trade by selling just before the switch happens. Not sure how to deal with that, perhaps disallow trades one day before the switch? It will probably still be an advantageous move to make sure to be in USD before the switch though, unless the price has a good upwards momentum during this period and it's too risky to sit in USD.
hmmm good point, yeah, I'll try to think about a smooth way to transit from one to the other.
June 25, 2015, 06:48:56 AM
I managed to extract the Coindesk BPI from their API. it was not as easy as on bitcoinaverage, but it works
(I added a new tab for this on the spreadsheet)
So in theory we could switch, just waiting for some feedback from the players and our other mod
edit: and we have the possibility to check certain suspicious trades by the minute, even when the trade happened >24 hours ago
(unlike on bitcoinaverage!)
(I added a new tab for this on the spreadsheet)
So in theory we could switch, just waiting for some feedback from the players and our other mod
edit: and we have the possibility to check certain suspicious trades by the minute, even when the trade happened >24 hours ago
(unlike on bitcoinaverage!)
I would be in favor of a switch, but since the coindesk average is usually $2-4 lower than bitcoinaverage everyone could make an easy profitable trade by selling just before the switch happens. Not sure how to deal with that, perhaps disallow trades one day before the switch? It will probably still be an advantageous move to make sure to be in USD before the switch though, unless the price has a good upwards momentum during this period and it's too risky to sit in USD.
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