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Prediction Game and Prize


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I will reveal all the details if there is enough interest. To make it worth while there has to be at least eight persons, ideally more.

So far it will be EST, winner will be revealed the next day (Monday) and the winnings released at the same time. The pair will be USD:XRP. Not sure which exchange people refer to most, Bitstamp or Gatehub. I am leaning towards Gatehub because they are all on RCL while Bitstamp has two order books. I think that covers the immediate questions.

Predictions placed after the cut off date will be considered donations towards the project, same for those that don't list wallet address in their predictions.

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1 hour ago, Mercury said:

It never ceases to amaze me how many people have an opinion on where XRP price is going and the calculations they used to get there.

I have seen some bar graphs, market history, cups with handles, cups without handles, darts, cards and dice. Throw in some dancing bananas and market analysis for good measure. It seems easy to me to make a prediction, to get it right... well that's a different story. To that end I am proposing a prediction gamification of all these marvellous indepth and sometimes out there tools and predictions.

I will provide a ripple wallet address. Persons will have to state a prediction price and their wallet and pay 20 XRP to the address I provide. Submissions will end Saturday and I will check the XRP price on Sunday 23:59. Whomever is the closest will win all the XRP paid into the wallet. 

I am debating making it a 50/50 win, where the winner wins 50% of all XRP submitted that week with the other 50% being put towards a grand monthly pot, but that will depend on interest. 

Next time someone makes a prediction encourage them to put some money on it. 

Ain't that interesting ! I am in for the fun game as well. all in good joy ! Hope we get enough support. 

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There seems to be some interest so I will go ahead and set it up for this week.

I am going to uses the KISS principle for now, if there is a lot of people I will look at ways making tracking and prediction placements easier (most likely a google form). The rules are this:

  • Members have to post their prediction guess, ripple address and submit 20 XRP to the following address  r4nB1PVxPwVBRjiex2kTuvv1Wk1ev28scz
  • Predictions are for the end of week Sunday 23:59:59 (midnight)
  • Predictions are for the HIGHEST trade at closing time using the pair XRP:USD.Gatehub
  • Predictions are to entered to the third decimal 
  • Price will be determined via XRP Charts
  • Prediction placements open Monday 12:00 EST 
  • Prediction placements close Saturday 23:59:59 (midnight) EST
  • The highest trade on the Sunday 23:59:59 (midnight) will be checked the following Monday
  • The prediction closest to actual trade wins all XRP submitted to the ripple address above
  • In the event of a tie the prize will be split
  • Winner will be announced on this forum the following Monday
  • XRP prize will dispersed before the start of the next prediction week
  • Predictions without a 20 XRP submission will be ignored. I will 'like' those that are cleared
  • Predictions and submissions placed or before the cut off dates will be ignored and forfeited 

If there is enough people involved in subsequent weeks we might keep back a percentage for a monthly super prize. This weeks prize disbursement might be a tad delayed to make sure that that everything works out and to resolve any issues/ conflicts (I suspect that there will be none, but you know... experience...)

 

 

Edited by Mercury
*clarification
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Prediction Contest for: May 29 - June 4

Statues: Closed

Closing Price: June 5th, 23:59:00. Highest price - 00.28380

Closest prediction: *username* - *prediction guess*

Amount to be awarded: *XRP pot*

Next Prediction Contest: June 5, 12:00:00 EST- June 11, 23:59:59 EST (last call is June 10, 23:59:59)

 

*Feel free to copy and past to all those posts on predictions/ charts/ technical knowledge/ guesses and price debates.*

Think you have the best prediction techniques? Like your fancy graphs? Pray to the banana gods? Than prove it and place your predictions here: https://www.xrpchat.com/topic/5739-prediction-game-and-prize/

 

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On 6/2/2017 at 11:27 AM, Mercury said:

I will reveal all the details if there is enough interest. To make it worth while there has to be at least eight persons, ideally more.

So far it will be EST, winner will be revealed the next day (Monday) and the winnings released at the same time. The pair will be USD:XRP. Not sure which exchange people refer to most, Bitstamp or Gatehub. I am leaning towards Gatehub because they are all on RCL while Bitstamp has two order books. I think that covers the immediate questions.

Predictions placed after the cut off date will be considered donations towards the project, same for those that don't list wallet address in their predictions.

I am in!  Gatehub works for me anyways.

Edited by Diginewbie
added
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