What is the actual all-time high, really? (re: LFC's bet with Bossian) - page 2.

AB de Royse777

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Quote from: nutildah on December 03, 2020, 06:19:39 AM

I was reviewing the conditions of a bet between Bossian and LFC_Bitcoin where basically the bet was that BTC wouldn't see an all-time high before Jan 1st, 2022. Some sources have declared (yes, just some) that the ATH was reached on Dec 1st or Nov 30th, depending on where you live. However, for a couple of famous sources, the ATH was reached on Dec 17th, 2017.

Bossian clearly stated that $19.5 ish

Quote from: Bossian on November 28, 2019, 05:50:20 AM

Deal.

We won't see 19.5k(ish) (new ATH) again in 2020 or 2021, book it.

Hope you will honor this bet

I will if wrong.

And wait!!! He edited it not even long ago so this was not his actual number.

When the deal was made it was $19k that he meant.

Quote from: LFC_Bitcoin on November 28, 2019, 05:52:36 AM

Quote from: Bossian on November 28, 2019, 05:50:20 AM

Quote from: LFC_Bitcoin on November 28, 2019, 05:46:48 AM

Quote from: Bossian on November 28, 2019, 05:45:12 AM

Quote from: LFC_Bitcoin on November 28, 2019, 05:42:30 AM

The halving is in 6 months Bossian, you’re either trolling or totally retarded if you think $4,000 is likely with a block reward halving imminent. That’s a 50% drop from here. It just isn’t going to happen.

Look at the price movements leading up to & following the previous block reward halvings.
You clearly have no idea what you’re doing or you’re trolling & I can’t figure out which.

Halving either won't have an impact, or it will but certainly not before 2 or 3 years. It only it was that simple, everyone would be making money with the halving coming soon. That's extremely simplistic to think this way.

Want to put your money where your mouth is?

0.05BTC bet?

I say we see a new ATH before 2022
You say we won’t?

Deal.

We won't see 19k again in 2020 or 2021, book it.

Hope you will honor this bet

I will if wrong.

Deal!

I’m a man of my word!

Quote

Has LFC won the bet yet, or nah?

Over all, I have doubt if he (Bossian) will honer the deal since in my opinion he lost the bet. The reason for me to doubt him is his recent edit of the post. I could be wrong since I have seen newbies (in several occasions) to keep their words and Bossian is a member (rank) so far.

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There are lies, damned lies and statistics. MTwain

I’m used to the reference from CMC, so I still consider the ATH to be dated back to the 17/12/2017. Nevertheless, if there is no extreme outlier (i.e. an exchange or aggregator with a value way off from the other platforms), I’d conceptually wait for the highest of them all to be surpassed (which would end any debate).

The 429$ gap between ATH marked by Kraken, and the ATH according to CMC seems pretty wild, but in relative terms, it’s a 2,18% difference (from Kraken’s perspective). Of course, the 17/12/2017 was pretty crazy: CMC registers a price range of 4.110$ that day (high - low), so the difference in price between exchanges is comprehensible (by contrast, the price range on CMC was 1.570,94$ in the 30/11/2020, and 1.524,06$ on the 01/12/2020).

nutildah

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I was reviewing the conditions of a bet between Bossian and LFC_Bitcoin where basically the bet was that BTC wouldn't see an all-time high before Jan 1st, 2022. Some sources have declared (yes, just some) that the ATH was reached on Dec 1st or Nov 30th, depending on where you live. However, for a couple of famous sources, the ATH was reached on Dec 17th, 2017.

Why the discrepancy? It of course comes down to what price(s) you are looking at. On Bitstamp, considered by many (some, but I like them) to be the most honest representation of the price of bitcoin, the ATH was indeed reached this year. According to CoinMarketCap and Coindesk, which use a weighted index to determine the price, the ATH was reached in 2017.

Here are the ATHs as recorded by some of the major exchanges:

CMC has the ATH at $20,089.00 USD because part of their weighted index includes BitMEX, which is not shown in the infographic above.

So clearly there is some debate here as to what the phrase "All-Time High" actually means. Perhaps in a day or two this will all be irrelevant but for the time being, what do you consider to be the most accurate measure of bitcoin's all-time high? Has LFC won the bet yet, or nah?

Topic: What is the actual all-time high, really? (re: LFC's bet with Bossian) - page 2. (Read 371 times)