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Title: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 10:33:19 AM I'd like to do a similar competition to those that I've done in the past (see under Rep in my sig), this time to forecast when 1 BTC = $1,000.
https://i.imgur.com/wnVwzAw.png I have put 1 BTC in as a prize, but due to there being many ppl with multiple accounts now on the forum there will be a small entry fee this time which will be added to the prize jackpot. So you can now enter as many times as you like with the same forum ID, but for each date chosen you need to send 0.01 BTC to 1Thousand (https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35) & add a Public Note in blockchain.info wallets with the date/s that you've chosen, plus your forum ID if you want. Alternatively post your chosen date/s here along with your transaction ID - please don't edit your dates except for typos/clarity, my rules & common sense, i.e. if someone puts the same date as one already chosen the first person wins it & ambiguous dates will be void. If you choose a date/s that are already taken then I'll ask you to change it, or allocate the next available date/s to you. The blockchain (https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35) will be used to show the order of the entries received, rather than by the posts here & the dates chosen/allocated will be those shown in post #2 here. Please express dates as YYYY MM DD or as 29th Feb 2017 say, entries will be closed If your chosen date/s have already been taken, then you will be allocated the next available dates. Price to be taken as on the highest volume exchange at the time, ie atm it's Mt. Gox (http://bitcoincharts.com/markets/). Edit to add, see jimbobway's post (https://bitcointalk.org/index.php?topic=320145.msg3428825#msg3428825), also a trust or fund, ETF etc, (like WBT (http://blogs.marketwatch.com/thetell/2013/07/01/winklevoss-twins-file-with-sec-to-create-bitcoin-trust/) or BIT (http://www.bitcointrust.co/)), even an FBI auction for that matter, if it has the highest volume on the day & the trade is public (Bloomberg terminals count), then yes that would definitely be OK. All funds sent to the entry address will go in to the jackpot, check the current balance here (https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35), no refunds will be offered. My rules & common sense for anything overlooked or unexpected. See post #2 for a summary of entries to date, which updates every so often, but quite often, at least daily usually atm. Summary Send 0.01 BTC per date chosen to: 1ThousandAF3VeVnQtteX6htvjZoREs35 Add a Public Note with your date choice/s or post here with your tx ID & date choice/s. If your chosen date/s have already been taken, then you will be allocated the next available dates. First come, first served. Good luck! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 10:33:32 AM Summary Page ...will edit to add dates chosen ... see latest posts in thread, this may already be all over...
2013 http://www.timeanddate.com/calendar/?year=2013 ... available ... 2013 11 30 Equus (1 day) ... available ... 2013 12 01 to 2013 12 13 inclusive - dabbad (13 days) 2013 12 14 to 2013 12 26 inclusive - dabbad (13 days) 2013 12 27 Equus (1 day) 2014 12 28 to 2014 12 31 inclusive - Otoh (4 days) 2014 http://www.timeanddate.com/calendar/?year=2014 2014 01 01 to 2014 01 26 inclusive - Otoh (26 days) 2014 01 27 to 2014 03 24 inclusive - steelboy (57 of 61 days) 2014 03 25 - 600watt (1 day) - who " in addition donated 1 btc for this nice betting game ;) " 2014 03 26 to 2014 03 29 inclusive - steelboy (4 of 61 days) 2014 03 30 to 2014 04 28 inclusive - rpietila (30 days) 2014 04 29 to 2014 06 01 inclusive - Hannah (34 days) 2014 06 02 to 2014 06 16 inclusive - Otoh (15 days) 2014 06 17 Equus ... available ... 2014 07 01 to 2014 07 31 inclusive - sgbett (31 days) 2014 08 01 to 2014 08 31 inclusive - Scott J (31 days) - who in addition, kindly donated 0.03 BTC extra to the pot :) ... available ... 2014 10 02 Equus (1 day) ... available ... 2014 11 01 to 2014 12 01 inclusive - Hannah (31 days) 2014 12 02 to 2014 12 31 inclusive - Otoh (30 days) 2015 http://www.timeanddate.com/calendar/?year=2015 ... available ... 2015 06 17 Equus (1 day) ... available ... 2016 http://www.timeanddate.com/calendar/?year=2016 ... available ... 2016 06 17 Equus (1 day) ... available ... :o :P :) Pot atm: 5.25 BTC :o :P :) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dillpicklechips on October 28, 2013, 10:38:08 AM Perhaps you should have a date when the price hits a certain value. What if it hits 1000 before May? It would be crazy but someone will just pick the date right near the end.
What happens to extra money after the 1 BTC? Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 10:42:54 AM Perhaps you should have a date when the price hits a certain value. What if it hits 1000 before May? It would be crazy but someone will just pick the date right near the end. What happens to extra money after the 1 BTC? If it hits $1000 before May 2014 then that's the luck of the draw, as we get closer to $1000 ppl will choose more & more of the available dates, like snaffle up the whole of May & June say as it's only 0.01 btc entry per date, 0.31 BTC for either of those entire months. Your idea to pick a cut off price instead is good though, so if more ppl request this then I'll change it, what would you suggest $500? Or perhaps both, which ever happens earliest $500 or 1st May 2014 could work best? All money sent to the prize address is to be paid out to the winner. My 1 BTC donation to the prize plus 100% of all entry fees & any extra odd random amounts that may be received there. Edit to add & of course any donations to the prize fund, like 600watt's generous 1 BTC now added. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: 600watt on October 28, 2013, 11:43:08 AM nice little contest.
we are organizing this event: https://bitcointalk.org/index.php?topic=285771.msg3055867#msg3055867 interesting to see what forum members think about the timing... edit: typo Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 11:54:55 AM Yep, I'm on the guest list over there, it was actually what gave me the idea to do this, so many thanks. ;D
This way someone with just 0.01 btc could win & attend the festivities, hopefully the final prize total will be enough to cover their travel, accommodation & expenses - not sure what the party ticket prices will be, but if a whole year's worth of dates sell out ( 2014, hint, hint ;) ) then that's 3.65 BTC in fees plus 1 BTC which should be plenty enough to cover it all. https://i.imgur.com/khXJPvH.png Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: rpietila on October 28, 2013, 02:06:50 PM Very clever idea, and nicely thought-out system. The more probable dates will start to get selected soon :)
Is it so that if the exact date is not selected, prize goes to you (or to the nearest guess)? Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 02:24:45 PM Very clever idea, and nicely thought-out system. The more probable dates will start to get selected soon :) Is it so that if the exact date is not selected, prize goes to you (or to the nearest guess)? As per OP the nearest guess wins, if 2 ppl were to be equi-distant, then it would be split between them I guess is the fairest. It's a charity promotional non profit competition for me, unless I happen to enter & win ;) https://i.imgur.com/wZp9tme.png & I will be entering, just letting you guys get the pick of the most likely dates first :) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: zoinky on October 28, 2013, 02:33:38 PM See you all September 2014.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: 600watt on October 28, 2013, 03:09:27 PM 2014 03 25
https://blockchain.info/tx/7cbc9b376a3183c3b182fff29e8ed63a6d4fd05ae9c6d56430db7f79166dd0f3 in addition donated 1 btc for this nice betting game ;) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: cheech300 on October 28, 2013, 04:51:57 PM What exchange is the one? Bitstamp, mtgox or??
We perfer bitstamp! But you decide! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 05:51:07 PM 2014 03 25 https://blockchain.info/tx/7cbc9b376a3183c3b182fff29e8ed63a6d4fd05ae9c6d56430db7f79166dd0f3 in addition donated 1 btc for this nice betting game ;) Many thanks 600watt & cheech300 that is most generous, 2.01 btc is the prize now. 600watt - Good luck with 2014 03 25 ! :) What if the trades are occurring though a trust? OK, thought some more, if the trust or fund has the highest volume on that day & the trade is public, then yes that would definitely count, I've added that to the OP, many thanks for the suggestion. Edited OP to add: See jimbobway's post (https://bitcointalk.org/index.php?topic=320145.msg3428825#msg3428825), also if a trust or fund, ETF etc, (like WBT (http://blogs.marketwatch.com/thetell/2013/07/01/winklevoss-twins-file-with-sec-to-create-bitcoin-trust/) or BIT (http://www.bitcointrust.co/)), even an FBI auction for that matter, if it has the highest volume on the day & the trade is public (Bloomberg terminals count), then yes that would definitely be OK. What exchange is the one? Bitstamp, mtgox or?? We perfer bitstamp! But you decide! It's stated in the OP, whichever exchange at the time has the highest volume. Also now added the edit above to the OP for trusts, funds, etc. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Hannah on October 28, 2013, 07:21:35 PM 2014 11 01 to 2014 12 01 inclusive, Hannah
https://blockchain.info/tx/9ad9ac768e8f3c4c5975a1947dc924e8e6b1a50ca97e8313b63b4330588c7cd7 Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Scott J on October 28, 2013, 07:40:37 PM Great idea, Otoh ;D
I will get my speculating cap on and enter this at some point. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: steelboy on October 28, 2013, 07:52:55 PM 0.6 sent
That covers 60 days from 27th Jan 2014 Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: steelboy on October 28, 2013, 08:03:51 PM Realised i didn't put a note on the block chain so sent another 0.01 for another day. 61 days starting from 27th jan :)
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 08:06:20 PM Realised i didn't put a note on the block chain so sent another 0.01 for another day. 61 days starting from 27th jan :) Cool steelboy, adding as soon as Cloudflare let me check blockchain.info again. Now added, good luck, nice optimistic early year block choice! Edit: You've got: 2014 01 27 to 2014 03 24 inclusive- steelboy (57 of 61 days) & 2014 03 26 to 2014 03 29 inclusive- steelboy (4 of 61 days) Due to my overlooking 600watt's earlier date of 2014 03 25 already taken. Thanks for the heads up about that. Glad that you like this one Scott J - he's a double winner (https://bitcointalk.org/index.php?topic=56562.msg673510#msg673510) of one of my previous competitions btw, prob best to get in before him if I were you ;) A fraction under 3 btc in the pot so far 8) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: rpietila on October 28, 2013, 08:31:47 PM 0.6 sent That covers 60 days from 27th Jan 2014 0.3 This covers the 30 days immediately following the quoted bet Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 08:34:37 PM 0.6 sent That covers 60 days from 27th Jan 2014 0.3 This covers the 30 days immediately following the quoted bet Got it, many thanks, good luck, added. 2014 04 27 inclusive - rpietila Edit, you're dates are now: 2014 03 30 to 2014 04 28 inclusive - rpietila (30 days) due to my overlooking 600watt's earlier taken date, sry about that. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: steelboy on October 28, 2013, 08:36:55 PM It looks like my block bet goes over 600watts bet on the 25th. Whoops, I'll let yo udecide what to do
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Hannah on October 28, 2013, 08:45:41 PM 2014 04 28 to 2014 05 31 inclusive - Hannah
https://blockchain.info/tx/fd8c8594a18005c95bdddfaf36db2dc2cf1673563b7c426c66a2089dce1a2fe1 Edit: or the next 34 dates available. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 08:53:10 PM It looks like my block bet goes over 600watts bet on the 25th. Whoops, I'll let yo udecide what to do Opps, let me check, brb... ah yes so it does, I'll just roll you & any others forward by one day to account for that one already taken in the middle by watt600, brb... Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 09:09:31 PM I hope I got that right now, if not then I will just roll everyone affected forward a bit, please let me know if any of you see that it's still incorrect, many thanks.
If I messed up & you're chosen date/s are already taken then I'll allocate you the next one/s available, sorry for any confusion :-[ OK, I think that it's now all sorted out correctly, I will refund anyone who is unhappy with their changes & buy their dates for myself, please let me know ASAP if so, many thanks. See post #2 (https://bitcointalk.org/index.php?topic=320145.msg3426438#msg3426438) for correct dates taken, all others are currently available, but best to check the blockchain address (https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35) first too for any that may be incoming. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 28, 2013, 10:06:16 PM 2014 04 28 to 2014 05 31 inclusive - Hannah https://blockchain.info/tx/fd8c8594a18005c95bdddfaf36db2dc2cf1673563b7c426c66a2089dce1a2fe1 Edit: or the next 34 dates available. Your latest dates are: 2014 04 29 to 2014 06 01 inclusive - Hannah (34 days) Prize = 3.57 btc atm :o with 157 days taken so far, all in 2014. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 29, 2013, 11:42:33 AM It seems that all is well with the date allocations, after getting some advice I have now removed the cut off date for entries & changed it to a BTC price one, but this remains flexible & it will be up to those who participate to decide how long they wish it to be open for further entries, in any case good notice will be given.
OP changed to: Please express dates as YYYY MM DD or as 29th Feb 2017 say, entries will be closed Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dillpicklechips on October 29, 2013, 06:45:58 PM It seems that all is well with the date allocations, after getting some advice I have now removed the cut off date for entries & changed it to a BTC price one, but this remains flexible & it will be up to those who participate to decide how long they wish it to be open for further entries, in any case good notice will be given. Whatever you do, the sooner it's set in stone the better. I'd pick $750 myself.OP changed to: Please express dates as YYYY MM DD or as 29th Feb 2017 say, entries will be closed Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 29, 2013, 06:53:21 PM Thanks for the input, I'll go with whatever most participants recommend, yep $750 is still plenty far enough away from $1000 to be an OK cut off point, I don't see that it needs to be set in stone as early as possible as people can continue to choose further dates as it goes along & all money in the pot goes to the eventual winner, maybe I've missed why it would be better to decide on this early - if so please let me know anyone who prefers that.
I guess it would matter if the price went from $200-ish to $400 plus really fast, then sure it would be best to decide on the cut off level, I think we still have a while though, ie no dates from 2013 picked so far.. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: rpietila on October 29, 2013, 07:04:42 PM I think we need to decide now, whether it is $500 or $750. Rules must be clear.
My proposal is $750. (Bitcoin's average growth rate is 0.65% per day and using this average, it takes 44 days from $750 to $1000.) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 29, 2013, 07:25:40 PM I think we need to decide now, whether it is $500 or $750. Rules must be clear. My proposal is $750. (Bitcoin's average growth rate is 0.65% per day and using this average, it takes 44 days from $750 to $1000.) I'm cool with $750, 1 vote so far from participants for that, 2 if you count me - I'm going to play but am letting others choose any of the more likely dates first. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: giantdragon on October 29, 2013, 07:46:08 PM $1000 will be after next reward for block halving IMHO.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: 600watt on October 29, 2013, 08:11:38 PM $1000 will be after next reward for block halving IMHO. no, by then it will be on its way to $10 000... Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 29, 2013, 08:12:39 PM $1000 will be after next reward for block halving IMHO. So 2017 then, that's when I predict mass adoption in the US, once some funds & trusts kick in over the next year or two I expect we'll see + $1000 np & an epic bubble/s. http://upload.wikimedia.org/wikipedia/commons/5/54/Total_bitcoins_over_time.png Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on October 29, 2013, 08:16:23 PM $1000 will be after next reward for block halving IMHO. no, by then it will be on its way to $10 000... *buys 1 btc for the 1 btc = $10,000 prize competition & another for the party afterwards* Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 04, 2013, 10:22:14 AM Bump for this, still the whole second half of 2014 up for grabs, see post #2 for available dates & OP for instructions.
I see that BTC China has now overtaken Mt. Gox for highest volume. https://i.imgur.com/WKTaAKm.jpg Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: JessicaSe on November 04, 2013, 01:06:12 PM Everyone seems to be so optimistic about Bitcoin, another 100 years until it hit that much :)
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: 600watt on November 04, 2013, 01:11:20 PM Everyone seems to be so optimistic about Bitcoin, another 100 years until it hit that much :) you are talking about 100 "bitcoin-years" ? translates into: 120 regular days. approved ;) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Amph on November 04, 2013, 04:06:45 PM 2014, but probably later
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: sgbett on November 04, 2013, 04:57:05 PM http://blockchain.info/tx-index/5a0d5291b43bd817763b548dbc0474e7c3f8141147df03e506fe993871cc1919 1st to 31st July 2014 Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Wekkel on November 04, 2013, 05:19:14 PM (Bitcoin's average growth rate is 0.65% per day [...]) So it will take about a full year to reach a factor 10 in price. If that is true, sell your house, your car and your wife and go all in 8) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 04, 2013, 05:56:10 PM http://blockchain.info/tx-index/5a0d5291b43bd817763b548dbc0474e7c3f8141147df03e506fe993871cc1919 1st to 31st July 2014 Thanks sgbett, adding you now, good luck! Just spotted that there was an entry from Equus on 2013 10 29, so I'll do that first & add any days that he may have got in July to the next available dates after the 31st July for you sgbert, hope that's OK, I haven't looked to see if he did choose any yet, will edit. Cool seems he didn't pick any in July 2013 so all is good, adding you both to post #2 now. https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35 Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 04, 2013, 06:06:01 PM "Public Note: 2013 11 30, 2013 12 27, 2014 06 17, 2014 10 02, 2015 06 17, 2016 06 17 -- Equus This kind of disrupts all the monthly block-guessing, but I just realized that each ticket to this game is costing me $10. Thanks for the fun."
Equus 0.06 btc paid (on 2013 10 29), added now. I'll keep a better eye on the blockchain from now on. Nice choices, makes it more interesting, good luck! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: sgbett on November 04, 2013, 11:31:27 PM http://blockchain.info/tx-index/5a0d5291b43bd817763b548dbc0474e7c3f8141147df03e506fe993871cc1919 1st to 31st July 2014 Thanks sgbett, adding you now, good luck! Just spotted that there was an entry from Equus on 2013 10 29, so I'll do that first & add any days that he may have got in July to the next available dates after the 31st July for you sgbert, hope that's OK, I haven't looked to see if he did choose any yet, will edit. Cool seems he didn't pick any in July 2013 so all is good, adding you both to post #2 now. https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35 cheers! Good Luck to All. Though to be honest, if its gone to $1000 I think everybody is winning :D Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 05, 2013, 12:57:16 AM Many thanks, pot now: 3.94 BTC
Entry fee just 0.01 btc per date chosen. All funds go to the winner, no fees or commission. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 05, 2013, 05:10:50 PM Tx: https://blockchain.info/tx/865f903710e8501104e2598cd5e668677fbb2777b87c61127914941d33f74e91 (https://blockchain.info/tx/865f903710e8501104e2598cd5e668677fbb2777b87c61127914941d33f74e91)
2014 01 01 to 2014 01 26 inclusive, 26 days, 0.26 btc sent, entries for Otoh. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 05, 2013, 05:16:27 PM Tx: https://blockchain.info/tx/f933972f85a5a5850f4652270285d0ab5388e50409ea2b5c573f4b00bd2b93da (https://blockchain.info/tx/f933972f85a5a5850f4652270285d0ab5388e50409ea2b5c573f4b00bd2b93da)
2014 06 02 to 2014 06 16 inclusive, 15 days, 0.15 btc sent, entries for Otoh. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 06, 2013, 10:47:21 AM Tx: https://blockchain.info/tx/31b9b831d8aaf1bb15608d79c8aa6557a57d7af1a6f44c34342800ccab6e117f
Public Note: 2014 12 02 to 2014 12 31 inclusive, 30 days, 0.30 btc sent, entries for Otoh. The pot now stands at 4.65 BTC with entry only 0.01 BTC per date chosen. (includes some entries below) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: rpietila on November 06, 2013, 11:06:58 AM Well, if I lose this, I also win $1,000 from another bet :)
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 06, 2013, 03:12:56 PM Well, if I lose this, I also win $1,000 from another bet :) http://ichef.bbci.co.uk/wwfeatures/624_351/images/live/p0/1k/rj/p01krjwp.jpg Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 10, 2013, 03:29:01 PM Пpимeчaниe:
https://blockchain.info/ru/tx/dbbfad3bbefe26e9e5ca057f8cf07d07603ca03d9a6a608c85ba6fec81563992 He PM-ed me the entry, just checking it now, to add. Unfortunately these dates are already taken, so I've asked him to choose 13 others. He's chosen a nice optimistic early Dec 2013 block, Удaчи Doodski! 2013 12 01 to 2013 12 13 inclusive - dabbad (13 days) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Scott J on November 12, 2013, 02:07:31 PM I've just entered this great competition and made a $10 contribution to the pot.
(Well, more like $30 when this prize is won :D) I chose all of August 2014... it's my birthday month and something is giving me a good feeling about it. Thanks, Otoh 8) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: adamas on November 12, 2013, 02:16:07 PM Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Scott J on November 12, 2013, 02:18:21 PM [image] I'd be interested to see the same graph based on Bitstamp. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: crazy_rabbit on November 12, 2013, 02:19:05 PM http://blockchain.info/tx-index/5a0d5291b43bd817763b548dbc0474e7c3f8141147df03e506fe993871cc1919 1st to 31st July 2014 Thanks sgbett, adding you now, good luck! Just spotted that there was an entry from Equus on 2013 10 29, so I'll do that first & add any days that he may have got in July to the next available dates after the 31st July for you sgbert, hope that's OK, I haven't looked to see if he did choose any yet, will edit. Cool seems he didn't pick any in July 2013 so all is good, adding you both to post #2 now. https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35 cheers! Good Luck to All. Though to be honest, if its gone to $1000 I think everybody is winning :D my thoughts exactly. :-) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 12, 2013, 02:20:47 PM Many thanks Scott J - August 2014 is all yours, hope it makes for a very celebratory birthday! Adding you to post #2 now.
https://blockchain.info/tx/8ddc970a786c44127b1e94ebbabf0bce049f42ddc31ee7ce915f24f32baabe78 Also very, many thanks for the contribution to the pot, now standing at 5.25 BTC 8) https://blockchain.info/tx/d63d197c9788773c90fe42627c602660a70b0707792ff64db07f1d17327e1c1a adamas, great chart *goes and checks if mid to end of Sept 2014 is still available* Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 12, 2013, 02:26:10 PM [image] I'd be interested to see the same graph based on Bitstamp. & me one for BTC China converted to USD, or $1,000 marked on it, as they are now the largest daily volume. At today's exchange rate, it's: 1,000.00 USD = 6,092.28 CNY http://www.xe.com/currencyconverter/convert/?Amount=1000&From=USD&To=CNY Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 13, 2013, 09:31:37 AM A second block entry by:
2013 12 14 to 2013 12 26 inclusive - dabbad (13 days) https://blockchain.info/ru/tx/5585637c352a89449b33b08cba64f30b82e8290a98964520c9bd45d62902615f Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 14, 2013, 02:20:31 AM https://blockchain.info/tx/c11e3e231dd8354e1d7b10517dce6f4ddf4a7042ad4c229f015d8a54c7099dcf
Public Note: 2013 12 28 to 2013 12 31 inclusive - Otoh (4 days) - 0.04 BTC Pot now standing at 5.29 BTC. Note: I got my wallet addresses confused & sent 1 BTC approx from 1Thousand to my address 1otohotoh, this now returned to 1Thousand from my address 1ASTRv. This makes the Total Received incorrect by + 1 BTC, but the Balance is still correct, now standing at 5.29 BTC again. https://blockchain.info/tx/dc6d80ebd24f52a1e6a7f4f144ce2a4624db78265dd9b51634b58ae334cdcf19 Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 18, 2013, 07:46:54 PM I've just hoovered up the rest of this month. I've included today (even though it won't happen!) as it's nice to see a bigger pot ;D
2013 11 18 to 2013 11 29 inclusive: https://blockchain.info/tx/1a93c90b6cabbb0d180a18901cf7bbc95ae2d1ef802aab29f457aa5002c58cfa I'm assuming as we haven't reached $750, you are still open to participants. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 18, 2013, 10:28:40 PM I must say that I feel much better about my guesses now than when I made them.
If only I had pushed to have the entries cut off at $500 BTC/USD like a few of you discussed early on. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 18, 2013, 10:34:21 PM Actually, not to be a jerk or anything, but I think dipsy might be too late to scoop up November 2013. I will leave it to Otoh to decide if this ever becomes an issue.
Please express dates as YYYY MM DD or as 29th Feb 2017 say, entries will be closed Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: PrymeTyme on November 18, 2013, 10:34:32 PM your drawing this wrong :P Dec 2013 ! / Jan 2014 Price allready returning to its Mean .. (middle line) https://i.imgur.com/VF1pJdH.png Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 18, 2013, 10:40:28 PM I must say that I feel much better about my guesses now than when I made them. A nice scattering of guesses you have there! Actually, not to be a jerk or anything, but I think dipsy might be too late to scoop up November 2013. I will leave it to Otoh to decide if this ever becomes an issue. Please express dates as YYYY MM DD or as 29th Feb 2017 say, entries will be closed After reading the thread, it seemed some agreed on $750? I'll let Otah clarify. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: gizmoh on November 18, 2013, 10:51:43 PM Answer: in 2 days 21st Nov :D
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 18, 2013, 11:00:02 PM Answer: in 2 days 21st Nov :D Maybe, but we could also be in for a big correction very soon. Either way, I'm not selling! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 18, 2013, 11:31:40 PM A nice scattering of guesses you have there! Thank you. I like to think of them as six precision-guided missiles, but proximity mines might be a better metaphor. Still, I defy you to find somebody else who predicted publicly that we would hit $1000 in November 2013 who wasn't writing in November 2013. I was kind of counting on the submission cut-off to prevent my dates from being drowned by last-minute submissions, and of course I prefer a narrow reading of the rules in this case. ;) We can litigate this later if I continue to underestimate bitcoin. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 18, 2013, 11:49:47 PM We can litigate this later if I continue to underestimate bitcoin. There'd be no point letting lawyers have your our BTC, I'm sure we'd find a reasonable way to settle! Anyway, you might be glad later to have my extra contribution to the pot ;) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: ashaw596 on November 19, 2013, 12:20:22 AM Changing vote(but not betting btc) Its goign to happen 10 minutes ago in china. Tomorrow in the US.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 19, 2013, 12:32:11 AM There'd be no point letting lawyers have your our BTC, I'm sure we'd find a reasonable way to settle! Anyway, you might be glad later to have my extra contribution to the pot ;) I am way too cheap not to self-represent. Actually this pot would double my bitcoin stash and pay off my student loan. (Also make up for the fact that I have been waiting since last week for my dollars to arrive at CaVirtex.) I definitely pledge to refund your Nov2013 contribution if this all goes my way. Edit to clarify after re-reading our conversation: When I said we could litigate, I was not actually threatening to sue you in the court of Otoh or anywhere else. ;) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 19, 2013, 12:35:03 AM Hi, I'll update tomorrow, so so crazy busy atm....
& adjudicate re dipsy's bet being placed before or after $750 reached. https://i.imgur.com/69e2CAH.png Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: PenAndPaper on November 19, 2013, 12:35:17 AM I just realized that this thread was made only 3 weeks ago ;D
Anyway you may close the poll now because bitcoin is 1000$ in China. Cheers ;D Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 19, 2013, 12:38:08 AM I am way too cheap not to self-represent. Actually this pot would double my bitcoin stash and pay off my student loan. (Also make up for the fact that I have been waiting since last week for my dollars to arrive at CaVirtex.) Hehe, we all want more BTC ;) I'll tell you what, because I'm a nice guy and it can help your student loan, I'll give you BTC1 + your original stake of BTC0.05 if $1000 lands within my days (& Otoh validates my bet of course). Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 19, 2013, 12:40:20 AM Hi, I'll update tomorrow, so so crazy busy atm.... & adjudicate re dipsy's bet being placed before or after $750 reached. Thanks ;) edit: I can't believe the price has moved so fast, crazy times and great news for all of us! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 19, 2013, 12:48:33 AM Hi, I'll update tomorrow, so so crazy busy atm.... & adjudicate re dipsy's bet being placed before or after $750 reached. Thanks ;) edit: I can't believe the price has moved so fast, crazy times and great news for all of us! As I'm also super busy tomorrow, there may be some lag, moving house, traveling to 3 countries over the next two weeks - including transatlantic relocation for 3 months, also a ton of deals to complete, so please bear with me, if you guys can check out the timing of the bets & when we hit $750 I'd much appreciate a consensus on that. This is just the tip of the iceberg of what's been going down today, most still not listed & some I won't anyway as I've proved my rep & no need: https://sites.google.com/site/hannahlogo/10-buying-litecoins-direct-from-me Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 19, 2013, 12:55:21 AM That is very gracious of you, dipsy, but I think you will find from a careful reading of the thread that although we talked about increasing the cut-off to $750, it was never actually changed. I believe the final word is below.
I'm cool with $750, 1 vote so far from participants for that, 2 if you count me - I'm going to play but am letting others choose any of the more likely dates first. Otoh wisely went to great lengths to write clear rules in the original post to cover every eventuality he could think of, and although the rules show a change from a date cut-off to a $500 cut-off, they were never updated again. I will, of course, submit to your judgement, Otoh. I gave my brother 15 BTC for Christmas in 2011, and split another 1 BTC into paper wallets for friends and family when it was "only" worth $200. If only I had kept more for myself. Imagine what kind of Christmas present this pot could buy for my 2-year-old. Oh what a large turkey we would have this year. She is tiny. If only she were crippled... Am I laying it on too thick now? :D Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: mb300sd on November 19, 2013, 12:56:39 AM 11/19/2013
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: PenAndPaper on November 19, 2013, 01:20:11 AM 11/19/2013 Ladies and gentlemen. We have a winner! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 19, 2013, 01:43:28 AM As I'm also super busy tomorrow, there may be some lag, moving house, traveling to 3 countries over the next two weeks - including transatlantic relocation for 3 months, also a ton of deals to complete, so please bear with me, if you guys can check out the timing of the bets & when we hit $750 I'd much appreciate a consensus on that. This is just the tip of the iceberg of what's been going down today, most still not listed & some I won't anyway as I've proved my rep & no need: https://sites.google.com/site/hannahlogo/10-buying-litecoins-direct-from-me Take your time. There is no rush. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 19, 2013, 01:44:19 AM Ok, I gotta admit it's not looking too great for me. When I placed the bet, I didn't convert the BTCChina rate as thought we were basing off Gox.
- According to Bitcoinwisdom, there was a high of 4883.1 CNY at 17:40. - At that time, XE.com says the CNY/USD price was 0.16415. - Therefore, the price on BTCChina at 17.40 was $801.56. My bet was placed at 19:47, so in theory I lose >:( Is Bitcoinwisdom a reliable source of historic price data? (& are my calculations right?!) If so, then congrats to Equus! If you'd like to be nice and refund my bet of BTC0.12, I'll think you're super cool ;D I definitely pledge to refund your Nov2013 contribution if this all goes my way. BTC -> 1CoQec9q96FJJPDr9fJgRukFVPafziyUu5 Off to bed, good night! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 19, 2013, 01:55:22 AM As soon as things are settled 0.5 BTC are coming your way.
Thank you for being so good about this, dipsy. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 19, 2013, 02:03:32 AM As soon as things are settled 0.5 BTC are coming your way. Legendary, thanks ;D Thank you for being so good about this, dipsy. It's better to be honest, there are already too many douchebags in Bitcoin. I'll leave it to Otoh to sort out the formalities Congrats again, you'll have a nice Christmas now! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 19, 2013, 02:43:19 AM Thank you so much for running this contest, Otoh.
I am stunned that it is over this soon. Once again I learn that it is impossible to overestimate what bitcoin is capable of. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Amitabh S on November 19, 2013, 02:59:34 AM Why is this over?? Did we hit 1000 already? I must have been under a rock.
Did it hit 1000 on MtGox? (and volume?) Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 20, 2013, 05:24:04 PM I'm traveling at very short notice & until I get to the States the first week of December I can't deal with it, sorry for the delay, it's for enjoyment so I'd rather do it when things were calm, I'll need to check that BTC-China really made it to $1,000 - I just copied the pic that someone posted - I assume that it's correct but need to verify, or others in the thread to do so would be better still, it's the biggest volume exchange atm so we aren't waiting for Mt. Gox or anything, I'll post this reply to your PM in the thread.
Sorry I have yet had time to even read the recent posts here. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 20, 2013, 05:57:33 PM Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: HeliKopterBen on November 26, 2013, 10:00:33 PM Unless I missed something, nov 26th -30th are still left. If so, can I have those days? I cant send the money until I get home. I will be home in the next few hrs.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: HeliKopterBen on November 26, 2013, 10:05:12 PM Unless I missed something, nov 26th -30th are still left. If so, can I have those days? I cant send the money until I get home. I will be home in the next few hrs. Nevermind. I just saw where entries are closed after $750 Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: 4mherewego on November 26, 2013, 10:57:01 PM 27november 2013
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: tearfereon on November 26, 2013, 11:34:08 PM It is shame $1,000 hit BTCChina only.
Arbitrage is hard because fiat transfers are slow and unreliable :P It only proves $10,000 is not far away, Bitcoin is much more usefull for fast worldwide transfers Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: bomboclat77 on November 27, 2013, 12:46:53 AM november 26 2013
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: hongl3liang on November 27, 2013, 03:13:50 AM nov 27 2013
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 28, 2013, 12:19:55 PM Well, whatever happened in the past, it's now looking pretty conclusive for Equus:
https://i.imgur.com/NBoElCb.jpg Congrats! Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on November 28, 2013, 02:51:41 PM Thanks again dipsy. I was just going to post a screenshot this morning, and I found your post. Here is mine anyway:
https://i.imgur.com/wuP37hP.png I was pretty surprised that this contest finished a week and a half early. I totally expected that the top three volume exchanges would only get to $1000 in the last days of November. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on November 28, 2013, 11:12:38 PM I was pretty surprised that this contest finished a week and a half early. I totally expected that the top three volume exchanges would only get to $1000 in the last days of November. I'm a little surprised it's held up since peaking on BTCChina before. Great news for everyone, Bitcoin must be in some strong hands. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on November 29, 2013, 03:51:22 AM Again, my apologies for not having completed this, I'm on my final days now of travel & hectic biz, it's on the long to do list when things are more settled in the first week of December, it seems very sure now that Equus won with the help of BTC-China, I'd also just like to check that the balance in the 1Thousand address is correct, as I slipped up once & had to correct it, if anyone else could double check it then I could complete quickly & many thanks to those who confirmed Equus's win, much appreciated.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Scott J on November 29, 2013, 10:34:56 PM Crazy, busy times! ;D
I would never have guessed this would be won so early. Congrats to the winner. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dabbad on December 04, 2013, 07:24:37 AM Equus, congratulations!
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on December 04, 2013, 03:10:38 PM Thank you. I am still trying not to count my chickens before they are in my cold storage... or something like that.
It was pretty impressive to watch what bitcoin did in November. I feel like I watched history being made, and to say that I predicted it would be laughable. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on December 05, 2013, 06:42:26 AM I intend to get this checked & the winnings sent before the weekend, there seems no doubt that Equus won it, I'd just like to look back through it all first & make sure that I haven't missed anything & that the correct coins are on the 1Thousand address exactly before sending, again my apologies for the delay - I've never had so little free time as now, though that's no bad thing - far from it, just needing to deal with critical things first.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on December 05, 2013, 06:50:23 AM No worries.
The delay has been very healthy for me. For one thing, it guaranteed that I couldn't panic-sell my prize the day after I won it. (Something I promise not to do regardless of how tonight's "double top" turns out.) Best to take your time and make sure things are right. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: piramida on December 05, 2013, 06:58:07 AM any guesses on 10k, Equus? :)
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on December 05, 2013, 07:07:17 AM Tomorrow.
Edit on December 7: Hmmm... maybe this was a little over-optimistic. Let's say March. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on December 06, 2013, 09:19:14 PM "Public Note: 2013 11 30, 2013 12 27, 2014 06 17, 2014 10 02, 2015 06 17, 2016 06 17 -- Equus This kind of disrupts all the monthly block-guessing, but I just realized that each ticket to this game is costing me $10. Thanks for the fun." Equus 0.06 btc paid (on 2013 10 29), added now. I'll keep a better eye on the blockchain from now on. Nice choices, makes it more interesting, good luck! I think that you guys are all agreed that this was the winning entry, I haven't had a chance to check the numbers so I will just pay the full balance in https://blockchain.info/address/1ThousandAF3VeVnQtteX6htvjZoREs35 as planned, which is 5.41 BTC which even with the dip is $4,600 worth. If there are any discrepancies with the amount in the address then please to let me know & I'll rectify it. Equus, if you're feeling charitable & generous with your new found coins, then any donation however small to my charity fund is always most appreciated, more details here: https://sites.google.com/site/hannahlogo/home Please confirm where to send the prize, sorry if you have already in the thread, I assume it will be your entry sending address, many thanks. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on December 06, 2013, 09:54:04 PM Hi Otoh,
I think I have already said over and over again how shocked I was to see this contest end in November. I thought my Christmas 2013 guess was wildly optimistic. It is impossible to overestimate what can happen to the price of bitcoin. Thank you once more for running this contest. For those who are interested, I expect that most of this money will eventually be used to pay off my very modest student loan and to pay for my daughter's future tuition. If I find a more photogenic use, I will try to post it here. Please believe me when I say that I am way more excited about this than I seem in print. I am not very good a putting emotions into text form. :D ;D :D Book keeping: Please send the prize to: 1CKwgmuApW8nSt4FQzrfduvxbc6k7S1uzj I have agreed to pass 0.5 bitcoins along to dipsy, although that number seems higher today for some reason than it did when I made the promise. Dipsy, if the address you gave me is no longer valid please let me know asap. I expect to make a small contribution to Hannah's fund, but I need to discuss it with my family first. Perhaps you could send me a PM with a thumbnail sketch of what the fund is for. I am reading between the lines on the site, but it isn't very clear to me. It looks like any contribution I could make would be pretty small compared to the fund's litecoin holdings. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on December 08, 2013, 06:30:56 AM Prize sent! https://blockchain.info/tx/78f4158e065cb5450762f8533a6dfcbb2c611f7ec74f5f32eccf8fe88d30d51c
Again my apologies for the delay, the Hannah fund I set up to hopefully pay the college fees of a good friend's kid, she lost her dad in a tragic accident a couple of years ago & there wasn't really any/much compensation or insurance. I ended up being the main contributor to it and as I was an early backer of Litecoin especially it has done quite well so far, but every donation to it is both important & very good karma imo, also much appreciated as well of course. Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Equus on December 08, 2013, 04:41:01 PM Received and sorted. Thanks again.
Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: Otoh on December 08, 2013, 04:45:34 PM Received and sorted. Thanks again. Many thanks indeed Equus for your donation (https://blockchain.info/tx/18222ae473cacf552d822ef9dcabb6b2a2d203287332b509830093ccd138b820) to the Hannah fund, it is most appreciated! https://sites.google.com/site/hannahlogo/donations Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: dipsy on December 11, 2013, 02:20:42 AM I have agreed to pass 0.5 bitcoins along to dipsy Just saw an extra BTC0.5 in my wallet, thanks for keeping your word Equus ;D https://blockchain.info/tx/e4cfe12a8539771aaa10325b36b63b7228b9f4bebb13b3e9c4bc03d6c2a542c9 Congrats again for winning! Edit: added trust feedback for Equus Title: Re: When will 1 BTC = $1,000 Prize Competition. Post by: CoinGeneral on December 11, 2013, 03:41:19 AM I think we will hit $10,000 BTC at 2019
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