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CC1 - Bitcoin's Highest Prices!
On Saturday at Midnight
Bitcoin Price Prediction Contest – Official Rules
1. Contest Overview
Participants are invited to predict the average highest Bitcoin price for the designated contest date. This contest is free for confirmed members and is available to participants in the United States and all other countries.
All predictions must be submitted no later than Wednesday prior to the contest date.
2. Price Sources
For simplicity and consistency, the contest uses four specific Bitcoin price tracking websites. Only the highest and lowest prices displayed on the designated page of each site will be used.
Each site will open in a new tab so participants may view the same data used for the contest calculations.
3. Determining the Final Results
On the contest date (Saturday), the following process will be used:
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The highest Bitcoin price listed on each of the four sites will be recorded.
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The lowest Bitcoin price listed on each of the four sites will be recorded.
Two averages will then be calculated:
Average High Price
The four highest prices will be added together and divided by four.
Participants should submit predictions as whole dollar values. Decimal values are not required.
Estimate Bitcoin's highest price, for next Saturday. All predictions must be in by the Wednesday prior. By using this service you agree to the Terms.
There is a trillion bitcoin currency sites but we are making it simple. We observe only 4 sites, and only the highest and lowest prices.
4. Example Calculation
Example prices from the four sites:
ONE SINGLE AVERAGE PRICE IS USED.
Here are the sites, the 4 colored buttons on the right - so you can see for yourself, the site will open, in a new tab, and on the exact and sole page we use.
Example
High Low
Site 1 = 🟢 60,377.4
Site 2 = 🟢 60,377.6
Site 3 = 🟢 60,337.9
Site 4 = 🟢 60,672.7
Average of all four sites = 🟢 High = 60,441.1
Rounded to = 60,441 (Decimal point is dropped)
Sharing winners are those predicting, 60,441
5. Prize Levels
Level 1 – Exact or Near Match
Prediction is exact or is closer to the official price than any prediction that qualifies for Level 2. Winners share 63%.
Level 2 – Very Close
Prediction is within $10 of the official price.
Winners share 21% of the prize pool.
Level 3 – Close
Prediction is within $100 of the official price.
Winners share 7% of the prize pool.
Level 4 – Consolation
All remaining eligible participants share 2% of the prize pool.
Minimum Prize
Each valid PP1 prediction is guarantees eligible for the minimum consolation payout, representing 2% of the total prize pool shared among eligible participants.
Prize amounts may reach thousands of dollars depending on the number of predictions submitted.
6. Time of Measurement
All prices used for the contest calculation will be recorded at 12:00 midnight Pacific Standard Time on the designated Saturday.
This time is considered the official observation time for determining the high and low values from the listed sites.
7. Submitting Predictions
Participants must submit:
• One prediction for the Average High Price
• One prediction for the Average Low Price
Predictions must be submitted before the Wednesday deadline prior to the contest date. Late submissions will not be accepted. Deadline is 11:59PM PST.
8. Determining Winners
Winners are those participants whose predictions are closest to the final calculated averages.
If multiple participants submit the same winning prediction, they will share the winning position.
9. Site Availability
If one of the listed price sites becomes unavailable at the time of measurement, the averages will be calculated using the remaining available sites.
10. Agreement to Terms
By submitting a prediction, participants agree to these rules and the website’s Terms.
All contest calculations and final determinations made by the contest administrator are final.
FOR YOUR INFORMATION. ALL OF OUR INVESTMENTS - MENTIONED IN 'HOW PRIZES ARE CALCULATED' ARE MADE VIA BITCOIN.
Any registered member who wishes to participate is welcome to make contact with us.
