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Author Topic: Predict the price of Bitcoin on 1 April 2015 - win CGB's  (Read 11828 times)
oda.krell
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April 01, 2015, 01:08:56 PM
 #121


@fonzie also bet 266$ on June 2, that was disqualified for being only 1 day too late.  
https://bitcointalk.org/index.php?topic=553123.msg7086720#msg7086720
It seems that we have now found out who has been controlling the price all along.

There was another bet for 417$ by @Newbie1022, made in August.  In log scale it would be closer to 250$ than 135$.


Fonzies first bet was accepted and I've taken that to the final list of entrees.

Log scale lol, april fool trolling?
http://en.wikipedia.org/wiki/Logarithmic_scale

Nothing April foolish or trolling about considering evaluation on a log scale... Accessible explanation here for example, on why quants tend to look at log returns instead of "raw" returns.

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BTCat (OP)
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April 01, 2015, 01:35:43 PM
 #122


Nothing April foolish or trolling about considering evaluation on a log scale... Accessible explanation here for example, on why quants tend to look at log returns instead of "raw" returns.

Thanks. The contest was closed for entrees on June 1 so the $417 guess did not take part of the competition.
So no matter the outcome of your puzzle it doesn't change the name of the winner.
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April 01, 2015, 01:53:37 PM
 #123

@fonzie also bet 266$ on June 2, that was disqualified for being only 1 day too late.  
https://bitcointalk.org/index.php?topic=553123.msg7086720#msg7086720
It seems that we have now found out who has been controlling the price all along.

There was another bet for 417$ by @Newbie1022, made in August.  In log scale it would be closer to 250$ than 135$.
Fonzies first bet was accepted and I've taken that to the final list of entrees.

Log scale lol, april fool trolling?
http://en.wikipedia.org/wiki/Logarithmic_scale

No, there is fun enough already in the contest result.  Cheesy

I was serious.  When analyzing prices of stocks, currencies, gold, etc, it is best to use a log scale because it turns equal relative changes into equal displacements.  For example, a change from 100 to 200 will look just as big as a change from 1000 to 2000 (both being 2x).  Also, a drop from 100 to 50 looks just as big as a rise from 100 to 200 (one is the inverse of the other).

In that sense, 417 is closer to 240 than 135, because 417/240 =  1.73 is less than 240/135 = 1.77.

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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April 03, 2015, 09:00:40 PM
 #124

135$

Just for the records  Cheesy

So I say $6.666

Wow, this hurts... fonzie being closer than basically everyone else. Yeah that just hurts so much more than the price alone does these days. But hey, I think we're headed up from here Smiley

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indiemax
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April 04, 2015, 05:40:03 PM
 #125

Interesting thread,someone ought to do one for this year Grin
BTCat (OP)
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April 04, 2015, 06:00:46 PM
 #126

Interesting thread,someone ought to do one for this year Grin

Here you go:

Predict the price of Bitcoin on 1 April 2016 - win CBX (Crypto Bullion)
https://bitcointalk.org/index.php?topic=1012254.0
JorgeStolfi
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April 04, 2015, 06:53:20 PM
 #127

Predict the price of Bitcoin on 1 April 2016 - win CBX (Crypto Bullion)
https://bitcointalk.org/index.php?topic=1012254.0

Great! But you may want to edit the thread title (or start a new thread), to attract more prophets...

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
BTCat (OP)
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April 04, 2015, 07:05:18 PM
 #128

Predict the price of Bitcoin on 1 April 2016 - win CBX (Crypto Bullion)
https://bitcointalk.org/index.php?topic=1012254.0

Great! But you may want to edit the thread title (or start a new thread), to attract more prophets...

I made a new thread just click it. Do not guess here this one is old. For discussion we can keep it open though.
yefi
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April 04, 2015, 07:08:36 PM
 #129

Pretty funny how everybody was drifting on a velvety wave of optimism. The median response was about 14 times the actual value on 1st April.

p.s. the Fonz is too cool for you all. Cool
JorgeStolfi
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April 04, 2015, 07:09:57 PM
 #130

I made a new thread just click it.

Oops sorry, stupid of me...

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
BTCat (OP)
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April 05, 2015, 09:55:17 AM
Last edit: April 11, 2015, 07:33:15 PM by BTCat
 #131

"If the winner does not respond within 1 month after he has won I keep the right to pay the prize to the next best guess and his entree is invalidated."

Ok, ofcourse I should have added something like this last year already but hadn't thought about it. It's a very reasonable period to claim your prize so I will still add it.
 
BTCat (OP)
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April 11, 2015, 07:37:23 PM
 #132

Fonzie claimed his prize, 565 CBX has been paid so this contest is officially closed now.

http://blockexplorer.cryptobullion.io/tx/22e1443e04da530b4a15bfd8966d332f3c7e407058a46a594b849767b083c533

Thanks everyone and on to the next one https://bitcointalk.org/index.php?topic=1012254.0
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April 11, 2015, 08:09:18 PM
 #133

Thanks to BTCat for the prize, i just received it.

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