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Author Topic: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!!  (Read 241398 times)
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freedomno1
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July 13, 2015, 08:23:36 AM
Last edit: July 13, 2015, 08:41:00 AM by freedomno1
 #2241

buy @289.91

(we really reached as low as 283.25?)

Mumble got burned oh well its a sim
But it is increased motivation to remember that markets are volatile Smiley
And yah it was a pretty quick drop there (lol I should make it a habit that whenever I want to place my order to add 30 minutes to that clock haha)

(GZ lithium 2 more blocks and I'll sell real coins at $300 in a lagging but reliable exchange hehe so borrows the champagne)
Lol 307 Bitcoins above 300

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July 13, 2015, 09:32:34 AM
 #2242

Curse myself and my panic buys
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July 13, 2015, 10:05:10 AM
 #2243


Looking back some smart sells at 312 and a peak at 315 keeps lurking while its still hot Tongue.

I sold the highest YAY!  Cheesy

Top 6, I'm coming!
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July 13, 2015, 10:53:59 AM
 #2244

Sorry for double post:

BUY @286.37
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July 13, 2015, 11:44:33 AM
 #2245

buy @289.91

(we really reached as low as 283.25?)
The bottom was 281.56

Fairplay medal of dnaleor's trading simulator. Smiley
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July 13, 2015, 01:42:49 PM
 #2246

Due to possible confusion about the transition system, we decided to give out 5 bounties of 0.001 BTC each for the first 5 trades that will be reported as using the wrong exchange rate (so BAV in stead of BPI for selling, or BPI in stead of BAV for buying during your first trade after the switch)
If you suspect an error is made, just quote the trade and post your evidence, we will decide if it' indeed a mistake. If it's an honest mistake, there won't be consequences. If we think it's cheating, there will be a 10% penalty.

These bounties will be paid by using some funds from our donation address. We feel it is necessary to make sure we have some more eyes checking the trades during the transition. This gives also an incentive to just play fair, because the chance of cheating and getting away with it will be smaller.

Good luck with the bounty hunt!  Grin


Quote
Switch from BAV (Bitcoin averagere) to BPI (coindesk) on july 15
Hi!
We decided that we want to use the more accurate Bitcoin Price Index published at coindesk in stead of the Bitcoinaverage.com quote.

Why:
*historical data for checking trades
*bitcoinaverage includes the volatile localbitcoins, making the rate less reliable
*having less confusion about which rate to take from the website.

How?
before july 15, everybody keeps using the BAV price as explained in the opening post.
On july 15, everyone who has a BTC balance, will start using the BPI price publsihed at coindesk (see below)
If your balance is in fiat on july 15th, your next (BUY) trade will be using the BAV price. After that, you start using the BPI.
(this eliminates possible arbitraging profits by selling before we make the switch)


Practical:
To make the transition as smooth as possible, your fiat balance will be colored in blue on the scoreboard until you buy at BAV price.
For btc balances, no coloring will happen, because these balances are immediatly transferred to the BPI.
The scoreboard will publish the coindesk price, but remember, those exchange rate is only indicative. You ALWAYS need to check the current rate at the website. Don't rely on the rate published on the scoreboard, because this only refreshes once every hour.
the coindesk BPI can be found here: http://www.coindesk.com/price/
Printscreen:

In this example, we use 269.34 USD, NOT the 24h price (269.08 USD)

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July 13, 2015, 04:23:11 PM
 #2247

oh shit i have lost my top1 position, congrats lithium

only crypto market predictions, no bullshit https://twitter.com/h3speros
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July 13, 2015, 04:43:10 PM
 #2248

BUY @ 288.85
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July 14, 2015, 08:48:00 AM
 #2249

buy @290.19
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July 15, 2015, 12:04:11 AM
 #2250

buy @ 289.04

Ask the stranger he knows who you really are.
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July 15, 2015, 12:05:29 AM
 #2251

buy @ 289.04

Did you use BPI or BAV?

We officially switched over 5 minutes ago !!!



Quote
Switch from BAV (Bitcoin averagere) to BPI (coindesk) on july 15
Hi!
We decided that we want to use the more accurate Bitcoin Price Index published at coindesk in stead of the Bitcoinaverage.com quote.

Why:
*historical data for checking trades
*bitcoinaverage includes the volatile localbitcoins, making the rate less reliable
*having less confusion about which rate to take from the website.

How?
before july 15, everybody keeps using the BAV price as explained in the opening post.
On july 15, everyone who has a BTC balance, will start using the BPI price publsihed at coindesk (see below)
If your balance is in fiat on july 15th, your next (BUY) trade will be using the BAV price. After that, you start using the BPI.
(this eliminates possible arbitraging profits by selling before we make the switch)


Practical:
To make the transition as smooth as possible, your fiat balance will be colored in blue on the scoreboard until you buy at BAV price.
For btc balances, no coloring will happen, because these balances are immediatly transferred to the BPI.
The scoreboard will publish the coindesk price, but remember, those exchange rate is only indicative. You ALWAYS need to check the current rate at the website. Don't rely on the rate published on the scoreboard, because this only refreshes once every hour.
the coindesk BPI can be found here: http://www.coindesk.com/price/
Printscreen:

In this example, we use 269.34 USD, NOT the 24h price (269.08 USD)

freedomno1
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July 15, 2015, 12:06:29 AM
 #2252

buy @ 289.04

Did you use BPI or BAV?

We oficially switched over 5 minutes ago !!!




That was so 5 minutes ago Dnaleor XD
Didn't even give anyone a chance to scoop the bounty ha-ha
Anyways nice touch with the Light blue cyan on the trading doc it makes it easy to remember since it looks off

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July 15, 2015, 12:10:55 AM
 #2253

I used api.bitcoinaverage.com/ticker/global/USD/last
So if I understand correct I have to put my sell at the Coindesk price?

Ask the stranger he knows who you really are.
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July 15, 2015, 12:11:51 AM
Last edit: July 15, 2015, 12:35:51 AM by dnaleor
 #2254

I used api.bitcoinaverage.com/ticker/global/USD/last
So if I understand correct I have to put my sell at the Coindesk price?

yes, please repost your trade Smiley


edit: wait

it was a BUY
You needed to BUY using BAV, so you were correct.

Sorry for the confusion Smiley


edit2: i added this thrade to your account. From now on, use BPI
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July 15, 2015, 12:18:02 AM
Last edit: July 15, 2015, 12:32:11 AM by dnaleor
 #2255

Scoreboard updated




Donation address for Miz4r and me: 19ZGromrtYos5BG44nCDNNWjDwwp7Pfm1C
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July 15, 2015, 05:59:31 AM
 #2256

hold BTC.

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July 15, 2015, 01:43:07 PM
 #2257

buy @293.65

last trade with bitcoinaverage, next one with will be with BPI
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July 15, 2015, 03:02:47 PM
 #2258

If someone hodl money until the end of year he will have the arbitrage advantage.

What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?
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July 15, 2015, 03:06:29 PM
 #2259

If someone hodl money until the end of year he will have the arbitrage advantage.

What about force a buy using BTC average and a sell using coindesk after some time, for those who still hodl money?


there is always that risk, but there is an 8h gap between 2 trades, so it isn't very likely
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July 15, 2015, 05:55:50 PM
 #2260

A little late to this, but I'd like to join. Tongue

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