Congratulations to Ulisse for guessing $5500, closest to today's NYXBT value of $6363.4596, off by 13.6%.
Ezana, winner of the previous contest, comes in second place with a guess of $3,220.
Ulisse, are you about? You won 0.01 BTC!
Ulisse made a late bet; only Ezana and blackbootz deliberated longer. (goobster and flagamuffin missed the deadline.) It was quite interesting to see how the index dipped into Ulisse's winning range ($4360 to $8249.50) on May 22 and never left. By mid-September the index began hovering around $6300, the approximate midpoint of the winning range. Volatility continued to diminish, and the index stayed within a $100 band from Monday to Thursday this week, ending at $6306.6296 yesterday, less than two dollars away from the exact midpoint of Ulisse's winning range!
Contest 1 announced on July 1, 2015, when 1 BTC = $258.62, prize = $25.86.
Contest ended July 1, 2016 when Ezana's guess of $680 was closest to the index price $673.45 (less than one percent error).
Ezana collected on November 4, 2017, when 1 BTC = $7,379.95, prize = $738.
Contest 2 announced on November 4, 2017, when 1 BTC = 7,379.95, prize = $73.80.
Contest ended November 2, 2018 when Ulisse's guess of $5500 was closest to the index price $6363.46.
Ulisse collected November 2.
The behavior of ETH is incredibly similar to BTC. Both spiked earlier this year, went through a little crash, and are showing very low volatility at the moment as they stabilize to a near-constant value. It may signal a somewhat coherent market perception of crypto(?).
Now that's a good question as bitcoin used to be the hot thing to invest in almost two years ago. Will it ever be a consistent investment? It's possible but right now it seems to go up and down and never seems to make positive strides. Sure it seemed to have gotten a little more stable in price in recent months but you never know with bitcoin.
16,000? Wow I gave bitcoin a lot more credit that I thought.