Cryptocurrency - 5 months ago

Predict the Closing Price: Top 10 Closest Predictors Win an Amazon Gift Card! ($500 in Prizes!)

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PRIZES:

1st Place: $200 Amazon gift card
2nd Place: $75 Amazon gift card
3rd Place: $50 Amazon gift card
4th-10th Place: $25 Amazon gift card

 

If there are ties, a random drawing will determine the winner.

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THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

FRIDAY, MAY 18th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

TODAY’S HEADLINE

  • 2018 CONSENSUS CONFERENCE IS OFFICIALLY OVER:  Bitcoin bulls must be disappointed.  The 2018 Consensus Conference is over, and Bitcoin is still trading below $10,000.  There were hopes that the event would act as a bullish catalyst for the cryptocurrency possibly sending it to $14,000.

    Meanwhile, The Crowds Line Bitcoin prediction for the closing price today is much closer to the last price.  The Crowd is predicting a closing price of $8,984.  Last price is $8,150.

  • BLOOMBERG ARTICLE HIGHLIGHTS IMPACT OF IRAN SANCTIONS; MAYBE A LONG TERM READ-ACROSS FOR CRYPTO:  There’s very little the European Union can do to prevent U.S. sanctions on Iran from curbing trade flows, including oil, says Patrick Murphy, partner at international law firm Clyde and Co., which has energy and marine practices.  “If the U.S. decides it wants to stop certain EU companies from accessing the financial system, there’s nothing you can do to stop that,” Murphy says by phone Says EU statements this week are “probably a bit of grandstanding on the political stage to make a point”. “When push comes to shove there is very little they can do”.

    It will be interesting to see how cryptocurrencies react to such events that aim to limit or prevent transactions.  While no one is suggesting circumventing sanctions via cryptocurrencies, it does likely add to the collective view that supports decentralized digital currencies.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

TUESDAY, MAY 15th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

TODAY’S HEADLINE

  • THE CROWD’S LINE BITCOIN PREDICTION IS CLOSER TO THE LAST PRICE THAN FUNDSTRAT FORECAST:  Last week, Fundstrat analyst forecast the price of Bitcoin to rise by nearly 70% into the Consensus Conference event.  The price prediction would have put Bitcoin close to the $15,000 level.  Meanwhile, The Crowd’s Line crowd sourcing technology has predicted a mild increase to the $9,350 level.  As of this morning, Bitcoin was trading was trading at approximately $8,800.  Interesting, this could serves as an example of how employing the crowd sourcing methodology can act as a framework to better forecast the future price action of alternative assets such as bitcoin.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

MONDAY, MAY 14th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

FRIDAY, MAY 11th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

THURSDAY, MAY 10th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

  • RECENT SELLING PRESSURE ON BITCOIN ATTRIBUTED TO LARGE SELLER:  There are media reports that the Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market.

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

  • THE CROWD’S PREDICTION INDICATES A SLIGHT APPRECIATION FOR THE PRICE OF BITCOIN:  Bitcoin is trading at $9,335 last vs. The Crowd’s prediction of $9,477.  It will be interesting to see how the cryptocurrencies such as bitcoin trades ahead of the upcoming “Consensus Conference” beginning next week.

  • MORGAN STANLEY REPORT HIGHLIGHTS REASONS WHY A COUNTRY MAY BE INTERESTED IN DIGITAL CURRENCY:  A Morgan Stanley report highlights the view that central banks will likely evaluate digital fiat currency for monetary policy and monitoring purposes.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

WEDNESDAY, MAY 9th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

  • A BULLISH NEAR TERM PRICE TARGET:  Ahead of next week’s “Consensus Event”, Fundstrat analyst Tom Lee expects Bitcoin to appreciate in value by 70% to approximately $15,000 per coin.  The methodology for this price target call is how bitcoin has previously traded ahead of this Consensus conference beginning May 14th.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

TUESDAY, MAY 8th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

  • CRYPTOCURRENCIES EASE LOWER:  The recent rally across Cryptocurrency has given up steam.  The likely headwind were comments by famed investor Warren Buffett.  Buffett gave a bearish viewpoint for the price of Bitcoin.

 

8AM CRYPTOCURRENCY TRADING SUMMARY

 

 


 

THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 18TH 5PM CLOSE

MONDAY, MAY 7th as of 8AM EST

 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR BITCOIN vs. LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:

The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:

DISCOUNT SIGNAL: Occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL: Occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

  • BUFFETT BITCOIN FORECAST:  On a CNBC interview, Warren Buffett commented on bitcoin: He said that “It (bitcoin) doesn’t produce anything except more buyers looking to sell”.  He also added “When you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along.”  It would be interesting to hear his thoughts on currencies/forex in general based on the above insights.

  • ETHEREUM SECURITY DECISION POSSIBLE:  According to the Wall Street Journal, regulators are taking a close look at ethereum and whether it should be classed as a security, as set out in the Securities Act 1933 today.

8AM CRYPTOCURRENCY TRADING SUMMARY

 

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