Cryptocurrencies

Investing in Crypto is too close to gambling, so let’s gamble!

A long, long time ago (8 months – which is like 8 years in crypto terms) I wrote this post on Steemit: https://steemit.com/cryptocurrency/@bitbrain/investing-in-crypto-is-too-close-to-gambling

In it I complained that outsiders see crypto investing as gambling, but then went on to say that:

“Since we’re being accused of it, we might as well be guilty of it!”

I think that it’s time to be guilty of it again…

Let’s Gamble!

(again)

From https://www.maxpixel.net/Gambling-Game-Bank-Game-Casino-Profit-Roulette-1253622, shared under the CC0 1.0 license

Here is how this works:

The prize is the same as last year’s – simply the most enviable prize in all of the known cryptoverse. If you beat me, and it’s a big “IF” then you will be featured in my 2019 “Smarter than Bit Brain ” post. That’s right folks, you’ll be able to legitimately tell people that you were smarter than Bit Brain was. Can you think of any more prestigious prize? It makes a Nobel Prize look amateurish by comparison! But wait! I can think of a more prestigious prize…

One lucky person will be crowned as the “Crypto Brain of 2019“. I should warn you that I will try hard to ensure that I receive that honour myself! 

No, there is no crypto up for grabs. Crypto is worth nothing compared to this!

What are the rules and how do you enter?

The competition itself is simple: you have to predict the highest price that Bitcoin will reach in 2019.

That’s all. Simple, isn’t it? Well, not quite so simple, here are some rules:

Rules:

  1. The price period in question is from 00:01 UTC on 01 January 2019 until 23:59 UTC on 31 December 2019.
  2. You can give only one price.
  3. You enter by commenting on this post.
  4. You can’t enter this contest with different guesses on multiple platforms (this blog post is published on more than one platform).
  5. Prices will be taken from the BTCUSD Coinbase chart as it appears on TradingView.
  6. You can’t change your answer. Edited posts will be disqualified. So get it right first time! (or delete it entirely and post a new one before the cut-off time).
  7. Prices predictions are to be in USD only. The inclusion of cents is optional.
  8. You can submit the same price that somebody else has given, but then I’m just going to call you a copycat and will copy-shame you in the comments. The original entry will also take precedence over yours – so read any other comments before posting!
  9. The cut-off time for entries is 23:59 UTC on Friday 22 March – that gives you just over a week in which to enter.
  10. Bit Brain and Bit Brain alone will determine who wins. (So much for my belief in decentralisation!)
  11. Bit Brain reserves the right to add additional rules if any clever people find some creative way of circumventing the existing rules. Except for this rule which accounts for that. Which makes this rule unnecessary. But it makes no sense if it is removed… Help! I’ve created a circular reasoning loop which threatens to destroy the universe (again)! You would think that I’d learnt my lesson doing this last year, but nooooo…

The number to beat is:

$8520.00

That’s my guess – don’t try to steal it. I hope I’m wrong and I hope it’s higher, but that’s what I consider to be a realistic 2019 BTC ATH. Let’s see if you can do better.

Talking about you doing better:

Last year’s competition did not go so well for me. My overinflated ego had to deal with the shame of being beaten by almost everybody! I was most certainly not the “Crypto Brain of 2018”. 

Chances of me being more wrong than I was last year are remote: I was out by over $16 000! Actually if I am wrong by more than $16000 this year, it would mean that BTC will have broken $25k, which I have to admit would be a good consolation prize!

So come on, what have you got to lose? Drop a guess in the comments and let’s see if you can be “Smarter than Bit Brain”, or possible even “THE CRYPTO BRAIN OF 2019!”

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”

~ John Maynard Keynes

Bit Brain recommends:

Crypto Exchanges:

B

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