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Question: When will 1 BTC = $1,000
2013 - 110 (27.2%)
2014 - 216 (53.5%)
2015 - 50 (12.4%)
2016 - 9 (2.2%)
2017 - 3 (0.7%)
2018 - 3 (0.7%)
2019 - 0 (0%)
2020 - 2 (0.5%)
2021 onwards - 1 (0.2%)
Never - 10 (2.5%)
Total Voters: 404

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Author Topic: When will 1 BTC = $1,000 Prize Competition.  (Read 16413 times)
Otoh
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October 28, 2013, 10:33:19 AM
 #1

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.



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 & 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 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 on the 1st May 2014 when the Bitcoin price hits $500 (but this may be extended by popular demand up to say $750-ish if the majority of those playing wish). Closest guess wins obviously, dates are by GMT/UTC time.

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.

Edit to add, see jimbobway's post, also a trust or fund, ETF etc, (like WBT or BIT), 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, 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!


BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
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Otoh
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October 28, 2013, 10:33:32 AM
 #2

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 Wink "

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 Smiley

... 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 ...


 Shocked Tongue Smiley Pot atm: 5.25 BTC Shocked Tongue Smiley

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
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dillpicklechips
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October 28, 2013, 10:38:08 AM
 #3

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?

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Otoh
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October 28, 2013, 10:42:54 AM
 #4

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.

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
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October 28, 2013, 11:43:08 AM
 #5

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
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October 28, 2013, 11:54:55 AM
 #6

Yep, I'm on the guest list over there, it was actually what gave me the idea to do this, so many thanks. Grin

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  Wink ) then that's 3.65 BTC in fees plus 1 BTC which should be plenty enough to cover it all.


BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized and responsive. I've dozens of nodes with them.
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October 28, 2013, 02:06:50 PM
 #7

Very clever idea, and nicely thought-out system. The more probable dates will start to get selected soon Smiley

Is it so that if the exact date is not selected, prize goes to you (or to the nearest guess)?
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October 28, 2013, 02:24:45 PM
 #8

Very clever idea, and nicely thought-out system. The more probable dates will start to get selected soon Smiley

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 Wink



& I will be entering, just letting you guys get the pick of the most likely dates first Smiley

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized and responsive. I've dozens of nodes with them.
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October 28, 2013, 02:33:38 PM
 #9

See you all September 2014.
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October 28, 2013, 03:09:27 PM
 #10

2014 03 25
https://blockchain.info/tx/7cbc9b376a3183c3b182fff29e8ed63a6d4fd05ae9c6d56430db7f79166dd0f3

in addition donated 1 btc for this nice betting game  Wink
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October 28, 2013, 04:51:57 PM
 #11

What exchange is the one? Bitstamp, mtgox or??

We perfer bitstamp! But you decide!
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October 28, 2013, 05:51:07 PM
 #12

2014 03 25
https://blockchain.info/tx/7cbc9b376a3183c3b182fff29e8ed63a6d4fd05ae9c6d56430db7f79166dd0f3

in addition donated 1 btc for this nice betting game  Wink

Many thanks 600watt & cheech300 that is most generous, 2.01 btc is the prize now.

600watt - Good luck with 2014 03 25 ! Smiley


What if the trades are occurring though a trust?

I'll have to think about that, it may be simplest just to stick with the largest exchange...

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, also if a trust or fund, ETF etc, (like WBT or BIT), 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.

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
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October 28, 2013, 07:21:35 PM
 #13

2014 11 01 to 2014 12 01 inclusive, Hannah

https://blockchain.info/tx/9ad9ac768e8f3c4c5975a1947dc924e8e6b1a50ca97e8313b63b4330588c7cd7

1HannahHJJe2b7TGw9MLb5BSPCEUDsTG4p
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October 28, 2013, 07:40:37 PM
 #14

Great idea, Otoh Grin

I will get my speculating cap on and enter this at some point.

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October 28, 2013, 07:52:55 PM
 #15

0.6 sent

That covers 60 days from 27th Jan 2014
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October 28, 2013, 08:03:51 PM
 #16

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 Smiley
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October 28, 2013, 08:06:20 PM
 #17

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 Smiley

Cool steelboy, adding as soon as Cloudflare let me check blockchain.info again.
 
Now added, good luck, nice optimistic early year block choice! You've got 2014 01 27 to 2014 03 28 inclusive Smiley

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 of one of my previous competitions btw, prob best to get in before him if I were you Wink

A fraction under 3 btc in the pot so far Cool

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
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October 28, 2013, 08:31:47 PM
 #18

0.6 sent

That covers 60 days from 27th Jan 2014

0.3 This covers the 30 days immediately following the quoted bet
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October 28, 2013, 08:34:37 PM
 #19

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 03 29 to
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.

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized and responsive. I've dozens of nodes with them.
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October 28, 2013, 08:36:55 PM
 #20

It looks like my block bet goes over 600watts bet on the 25th. Whoops, I'll let yo udecide what to do
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