[CONTEST] KRAKEN.COM - 1 Week Trial Mode Top Trader Tournament - 10 BTC Prize

[btcx]

Free Entry Trial Mode Tournament

Register at:  https://beta.kraken.com
Begin:  Monday, June 17th 12:00am Pacific (-7:00 GMT)
End:  Sunday, June 23rd 11:59pm Pacific

On the night of Sunday, June 17th we'll:

• wipe the beta ledger, order book, balances
• credit all accounts with identical balances
• disable the trade API

Rules & Regs:

• We ask that you refrain from employing the DDoS strategy.
• You're allowed to create and trade on as many accounts as you want.  New accounts created during the tournament will be credited with the same starter funds.
• You must close out all open positions by the end of the tournament.  Those with remaining open positions will be disqualified.
  
• Winners determined according to the highest combined USD converted balances.

Prizes:

• 1st Place - 5 BTC
• 2nd Place - 3 BTC
• 3rd Place - 2 BTC

Note:  Bug Bounty still ongoing here:  https://bitcointalk.org/index.php?topic=166828.0

If you're not already participating in the beta, feel free to use the weekend to get accustomed to the site.  The beta is still in trial mode and new accounts are automatically funded with play money for you to test with.

Please post questions here.  Good luck!

[chsados]

Awesome!  I'm assuming this is for people who have been beta testing from the beginning as well?

[101111]

Just signed up, very impressed with the site, well done. So we've got virtual virtual currency to play with!

[melvster]

Free Entry Trial Mode Tournament

Register at:  https://beta.kraken.com
Begin:  Monday, June 17th 12:00am Pacific (-7:00 GMT)
End:  Sunday, June 23rd 11:59pm Pacific

On the night of Sunday, June 17th we'll:

• wipe the beta ledger, order book, balances
• credit all accounts with identical balances
• disable the trade API

Rules & Regs:

• We ask that you refrain from employing the DDoS strategy.
• You're allowed to create and trade on as many accounts as you want.  New accounts created during the tournament will be credited with the same starter funds.
• You must close out all open positions by the end of the tournament.  Those with remaining open positions will be disqualified.
  
• Winners determined according to the highest combined USD converted balances.

Prizes:

• 1st Place - 5 BTC
• 2nd Place - 3 BTC
• 3rd Place - 2 BTC

Note:  Bug Bounty still ongoing here:  https://bitcointalk.org/index.php?topic=166828.0

If you're not already participating in the beta, feel free to use the weekend to get accustomed to the site.  The beta is still in trial mode and new accounts are automatically funded with play money for you to test with.

Please post questions here.  Good luck!

What's the starter funds?

Surely this is just a contest to see who can make the most sock pupppets (multiple accounts).

Trading +100% in a week is orders of magnitude more difficult making a new account.

Tip: Bitcoin was designed to make sock puppets ineffective

[chsados]

what does the error "Rate limit exceeded" imply when trying to execute an order?




EDIT: Same error with only 10BTC and no leverage
EDIT2: Same error with a simple buy/sell

[melvster]

If anyone wants to work as a TEAM ... please PM me, I'll share the prize.

Team name : Elite Selling Crew

[mustyoshi]

So we can't use automated methods to trade during the week?

[btcx]

what does the error "Rate limit exceeded" imply when trying to execute an order?
EDIT: Same error with only 10BTC and no leverage
EDIT2: Same error with a simple buy/sell

It means that you're doing too much too fast and you'll have to wait a bit and move slower.  I'll check on what the limits are set at now and make sure they're not too low for the tournament.

What's the starter funds?

Surely this is just a contest to see who can make the most sock pupppets (multiple accounts).

Trading +100% in a week is orders of magnitude more difficult making a new account.

Tip: Bitcoin was designed to make sock puppets ineffective

Starter funds will be announced at the time the tournament starts.

Only the top 3 accounts will receive prizes so it's better to have 1 account with a $1000 profit than 1000 accounts with a $1 profit.  I'll clarify that in the announcement.  Obviously, there are still some strategies that'd allow you to benefit from multiple accounts but you'll have work them manually with the trade api disabled.

So we can't use automated methods to trade during the week?

Sure, if you can find a way to automate your trading without the trade api.

[ninjaboon]

will test it out. cool contest

[Artifex]

Is tournament started?

[claycoins]

The recent trades for BTC/USD is not updating at the moment.

[Dargo]

Is tournament started?

Yes, tournament is underway!

Edit: high 140.5, low 30. 

[Dargo]

The recent trades for BTC/USD is not updating at the moment.

Looking into this.

[myself]

disabling mtgox data was extremely stupid

[btcx]

disabling mtgox data was extremely stupid

Because?

[SoggyLettuce]

Also I was jut getting used to all the trading by using another account and I tried selling all my xrp for a bitcoin and I did but there was a fee of 1 bitcoin on that transfer? http://imgur.com/a/om8gg

Is that intended?

[myself]

disabling mtgox data was extremely stupid

Because?

do i really need to explain this ?

because the low of price went to 30 that means your contest is pointless if one make dozens of account push the price down and go long at 30 then maker a push up to 150

[SoggyLettuce]

disabling mtgox data was extremely stupid

Because?

do i really need to explain this ?

because the low of price went to 30 that means your contest is pointless if one make dozens of account push the price down and go long at 30 then maker a push up to 150

Yea this guy has a point. With a little work someone could manipulate this market so easily because it's so few people in it and in the process take all three prizes.

[myself]

disabling mtgox data was extremely stupid

Because?

do i really need to explain this ?

because the low of price went to 30 that means your contest is pointless if one make dozens of account push the price down and go long at 30 then maker a push up to 150

Yea this guy has a point. With a little work someone could manipulate this market so easily because it's so few people in it and in the process take all three prizes.

could ? is already done

[fishy]

I can't reach the site, also, has the contest already started?  Thanks!