Summer dip?!, December price outcome? ---> JOIN and guess the price GO!

[philipma1957]

I am confused as to the time left

LoyceV will announce the winner when he is awake, guessing he is sleeping by now. Or maybe I am getting it wrong, but I think CET correspond to GMT +1.

oh I thought it was utc

231. $47,777 bitebits
232. $48,999 DdmrDdmr
233. $50,000 JanEmil
234. $51,000 Mbitr
235. $52,000 shahzadafzal

so if that is the case the price point was about 26 minutes ago

maybe 50 943 but I certainly am merely guessing

Maybe Mbitr won.

Let us know loycev

[1714611269]

1714611269

[1714611269]

1714611269

[1714611269]

1714611269

[mikeywith]

I am confused as to the time left

LoyceV will announce the winner when he is awake, guessing he is sleeping by now. Or maybe I am getting it wrong, but I think CET correspond to GMT +1.

oh I thought it was utc

231. $47,777 bitebits
232. $48,999 DdmrDdmr
233. $50,000 JanEmil
234. $51,000 Mbitr
235. $52,000 shahzadafzal

so if that is the case the price point was about 26 minutes ago

maybe 50 943 but I certainly am merely guessing

Maybe Mbitr won.

Let us know loycev

You posted this at 00:26:36 AM CET, which means the winner was already declared when you posted, I checked across all the major exchanges like Binance, Coinbase, and FTX, the opening candle was between $50,700 to $50,850, on Bitstamp it was 50,837$ which is the exchange mentioned in the OP, that means the winner is box 234 ( $50,444.06 - $51,452.93) aka Mbitr.

[STT]

CET is 1 hour ahead of forum time basically.  

-BITSTAMP PRICE to be clear!!!

I would also guess its Mbitr that took a photo finish on this one

Also this 7th is the 80th anniversary of Pearl Harbor 
RIP

[shahzadafzal]

Sorry I couldn’t lock the result on time since it’s manual and I don’t have access to my laptop atm.

But as per below graph BTC price on Bitstamp on 7th Dec 00:00 (CET +3 ~ 3:00 my local time) was $50943.93



This means 234. $51,000 Mbitr is closest.

But let’s wait for Loycev’s confirmation.

CET is 1 hour ahead of forum time basically.  

I think forum time you see is as per your local time, it’s automatically adjusted based on your location.

Edit # 11 may be (I think it’s ok to edit  until someone replies after my post)

My wife is asking what I’m doing on mobile at 4am?? I told her about this Bitcoin price guessing game and now she’s asking why I didn’t win?

[Wind_FURY]

So I missed out all that drama. Nice real-time tickers, nicer to see the hiccup ongoing, nicest to see that the best the bears and profit-takers can do is a 10% shaving off peak.

Have to admit was expecting price to blow through 70k once new top achieved but I guess we gotta see all kinds of ATH behaviour in this peak's that already done some 1st timers.

It was nothing in my opinion, it didn’t wake up sgbett and the other Bitcoin Cash SV flat-earthers. But the real drama will be another 30% mini-crash next few weeks, then REAL ATH. That would be the last opportunity to buy the dip under current ATH.

Oh my!!!  Holy shit!!!

Do you even believe that a 30% dip (that would be down to around $46k.. which surely would not be the end of the world, for sure) is within reasonable expectations?  I appreciate that you, Wind_FURY, seem to be just throwing that out there as an extreme.. so probably you are not really considering a 30% drop to be too likely.. but it is within the realm of extreme possibilities.. .. in any event.. even the proposition of a 30% drop got my hackles up..

I told you, ser. We should never underestimate Bitcoin’s volatility. We saw it during April, and I believe another retest back to $35,000 is currently possible, or is that just in “the realm of extreme possibilites”?

Plus who crashed the market, and should we prepare for jeers from proudhon and sgbett again? Hahaha!

There will be no jeering on my watch. I think you misunderstand me, I have a conscience.

He’s back! It must be the bottom of the DIP!

Plus of course you can never jeer, and it isn’t because of you have a conscience. Because truly, you fully support the most blatant mockery of Bitcoin ever created.

When BTC collapses the people that get hurt will be the many bag holding retail investors that were deceived. Which vastly outnumbers those with malicious intent to deceive who will likely walk way with a stack of profit.

It happens all the time on Wall St. but BTC is different right?

Bitcoin depends on the open market for price discovery, if it DIPs and people lost capital, it doesn’t make Bitcoin a scam. Although, there will be scammers in the market, like those who sell fake-Bitcoins.

[goldkingcoiner]

Congratulations to Mbitr! You better hodl those coins!

[DdmrDdmr]

Well, roughly just over two hours off from the deadline, things changed in what was looking like a steady roll at the same pace to the finish line. Once the near-to last hour steep peek took shape, chances of it receding in the remaining timeframe seemed small, and my options, I figured, were only to stand if an even sharper and abrupt price took place (in the off-chance that it would lead to a quick sell-off and a drop again).

Thanks to El duderino_ for the event, and congrats to Mbitr for hitting the price range. It was a nice passive race to the end.

[LoyceV]

First:

what will the price be on December 7th  ......  00.00 CET  December 7th "2021"
~
-BITSTAMP PRICE to be clear!!!

Loyce will hopefully announce the winner fast

I'm late to the party It was an exciting last hour of the contest though, with a nice little pump.
I've never used Bitstamp, so how do I verify historic prices there? I found this graph and it looks like it's already in CET (which is my time zone too):

That puts the Bitcoin price at the end of the Summer dip December price prediction contest at $50,908.28.

But as per below graph BTC price on Bitstamp on 7th Dec 00:00 (CET +3 ~ 3:00 my local time) was $50943.93

As you can see, I got a slightly different number. Any other ways to check historic price data on Bitstamp for an exact price?

Assuming either one of the prices ($50,908.28 or $50,943.93) is correct, Mbitr's prediction is by far the closest:

Prediction overview

230. $47,500 goldkingcoiner
231. $47,777 bitebits
232. $48,999 DdmrDdmr
233. $50,000 JanEmil
234. $51,000 Mbitr
235. $52,000 shahzadafzal
236. $53,300 Tytanowy Janusz

Congratulations Mbitr!

that means the winner is box 234 ( $50,444.06 - $51,452.93)

For the record: the "boxes" have nothing to do with the winner! See:

You can still predict any price you want, your guess does not claim the entire 2% "box". The 2% is only meant to evenly spread out predictions, the "2% boxes" will be ignored when deciding who's closest to the winning price.
Example: User A predicts $505. User B predicts $512. If the Bitcoin price when the game ends is $509.35, User B is the winner.

341. $420,000 pooya87

I had high hopes for you

[Charles-Tim]

I am not just happy for one reason, the reason being that this thread will soon no longer remain active as it once was before, the winner has been announced and no much focus on this thread again.

My prediction was very inaccurate and wrong but I have to accept that truly I gained from many posts on this thread, especially from experienced members that were active. We all know that knowledge is power.

I have to appreciate El duderino_ for this bitcoin price prediction giveaway, I believe also others appreciate this. Thanks for bring this up and on until the winner was announced.

Congrats Mbitr.

[Mbitr]

Wow  , another great competition- thanks AGAIN dude   

$51,000 - Mbitr please

WHY ?
I’ll be focusing my trading and figures on this guy

https://hackaday.com/2021/07/07/hamster-trades-crypto-better-than-you/
Goooo MR Gox 

 


https://twitter.com/mrgoxx?s=21

Wow - THANKYOU- El duderino_ , I really wasn’t expecting to win and it’s a bitter/sweet win as well, as like all of us , we all wanted a 6 figure price 
Thanks also to LoyceV for their huge input in this competition.

And sadly - even more bitter/sweet was the “tongue-in-cheek “ way I suggested I based my figures on has ended poorly . MR. Goxx has sadly passed away
https://twitter.com/mrgoxx?s=21

Thankyou again El duderino_ , really appreciate and the hodl continues with a supreme boost .

[buwaytress]

Nice going Mbitr! I went to bed thinking it would definitely be someone above 51k, but hey, above 50k isn't bad at all, lest we forget where we were when this thread and competition was thought up.

And nah, I don't think most of us here are too upset about not hitting 6 figures. Bitcoin has every right to extend bargain season for another... six months? (hope springs eternal).

RIP MR. Goxx

Hail and long live El duderino_

[shahzadafzal]

Assuming either one of the prices ($50,908.28 or $50,943.93) is correct, Mbitr's prediction is by far the closest:

Yes I saw same price $50,908.28 on bitstamp website but on mobile app it's showing $50,943.93 anyway in both cases Mbitr is the winner.

Assuming either one of the prices ($50,908.28 or $50,943.93) is correct, Mbitr's prediction is by far the closest:

Prediction overview
234. $51,000 Mbitr
235. $52,000 shahzadafzal

Congratulations Mbitr!

Congratulations Mbitr.... I was close yet so far.

[LFC_Bitcoin]

Congrats Mbitr & thank you to El Duderino for being such a generous, fun, trustworthy member of the community.
My £86,xxx far away *sobs*

[DdmrDdmr]

I downloaded historical data for Bitstamp’s BTC to USD, retrieving data by the hour (granularity can go down to the minute) from here: https://www.cryptodatadownload.com/data/bitstamp/

Since unix dates are in UTC, and we were looking for 00:00 CET for the seventh of December, I guess we should look for the reading corresponding to 23:00 UTC/GMT for the 6th of December (UTC+1=CET)

unix,date,symbol,open,high,low,close,Volume BTC,Volume USD
1638835200,2021-12-07 00:00:00,BTC/USD,50550.09,50751.51,50421.02,50498.35,34.70297041,1752442.7458038235
1638831600,2021-12-06 23:00:00,BTC/USD,50834.17,50956.34,50348.81,50555.00,175.50895113,8872855.02437715
1638828000,2021-12-06 22:00:00,BTC/USD,50141.61,50986.00,50120.54,50834.17,328.39660582,16693768.887676869

The reading places the price at 50.834,17 $ (opening). Slightly different from those other data captures mentioned here, but still rendering the same result.

Note: An interesting exercise to perform would be to cross this data with everyone's bet range, and perform a graphical race towards the target price of each day (hour might be too granular). Not trivial to do, but if anyone’s in the mood to spend some hours, the data is available at the link provided above.

[Tytanowy Janusz]

Damn I was so close

Thank you El duderino_ for organizing this game. It was very exciting, especially at the end when high volatility hit the market.

Congratulations Mbitr. Looks like fallowing "MR Gox" was the best strategy

Wow , another great competition- thanks AGAIN dude  

$51,000 - Mbitr please

WHY ?
I’ll be focusing my trading and figures on this guy

https://hackaday.com/2021/07/07/hamster-trades-crypto-better-than-you/
Goooo MR Gox  

 


https://twitter.com/mrgoxx?s=21

I wish I know that before Mr Goxx, the cryptocurrency-trading hamster, dies

[El duderino_]

Just in for first today
Send out a PM

Will clear out payement today

Congrats with the WIN bro

Cheers

[El duderino_]

Just paid the debt...

Another congrats and keep on the HODL

[Hueristic]

Congrats Mbitr.

[Mbitr]

Just paid the debt...

Another congrats and keep on the HODL

And recieved - Thanks again for running this and thanks again for the prize 

[Lafu]

Congratulations Mbitr for the win !

It was a nice and turbulent and crazy race the last week !
Specialy the last 2 days with the ups and downs on the price , yesterday i thought that it maybe gets more down,
but when i checked the price today i was hoping that it goes more up again .

Thanks El duderino_ for this price prediction game.