Predict the Closing Price: Top 10 Closest Predictors Win an Amazon Gift Card! ($500 in Prizes!)
Predictions are due by 5PM ET on Wednesday, May 2, 2018
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.
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
THURSDAY, MAY 3rd 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
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THE CROWD’S PREDICTION IS SPOT ON: With little over 24-hours until the winner of The Crowd’s Line Bitcoin challenge will be decided, the crowd prediction is less than 0.40% from the current last price (as of 6:30am Thursday, May 3rd). Truly incredible! When considering that many prediction entries were submitted more than 1 week ago, the narrow difference in the crowd’s prediction for tomorrow’s closing 5PM price and the current last price of Bitcoin seems to underscore the predictive power of the crowd.
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SEASONALITY ON BITCOIN’S SIDE: The old adage on Wall Street is “to sell stocks positions in the month of May and go away”. This may have statistical support but the same can not be said for Bitcoin. On the other hand, Bitcoin has not, in its short history, fell victim to this seasonal selling strategy. In fact, some portfolio managers that choose the strategy of seasonal selling in the month of May for stocks may look to use Bitcoin when rebalancing assets subsequently electing to allocate some of their investments to less sensitive to economic factor or trends. Some of this portfolio management decision making maybe attributed to equity investors forecasting a more difficult comparison between 2019 and the current year’s earnings estimates. Consensus for 2019 earnings seem to suggest continued robust growth of earnings are not in the cards. This conclusion makes alternative assets like Bitcoin potentially more appealing.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
WEDNESDAY, MAY 2nd 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
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YOUR BITCOIN PREDICTIONS ARE DUE BY 5PM TODAY: The latest THE CROWD’S LINE prediction challenge shows that the crowd has brilliantly forecasted the price action of Bitcoin. At the moment, the crowd prediction is less than 1% away from the last price of Bitcoin. When considering the volatility of cryptocurrencies this is quite an accomplishment.
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CITRON SUGGESTS A PAIR TRADE: Andrew Left, the activist short-seller behind Citron Research, told CoinDesk on Tuesday that he thinks both bitcoin and ether, the cryptocurrency of the ethereum network, are “bubbles.” If he had to choose one, though, he’d bet on ether’s price to fall.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
MONDAY, APRIL 30th 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
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CRYPTO EVENTS TODAY: 3 developments/events to be aware of today. First, there is a Crypto Invest Summit West in Los Angeles. In other news, the April Bitcoin future expired last Friday. The new front month contract is May (ticker: BTCK8). Lastly, the SEC Commissioner spoke briefly about ICO’s on a CNBC interview.
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THE CROWD’S BITCOIN PREDICTION WITHIN 1% OF LAST PRICE: The Crowd’s most recent price prediction for the price of Bitcoin is within 1% of the highly volatile last price. The Crowd is predicting Bitcoin to settle at $9,243 this coming Friday compared to the $9,290 last price. Remember to have your weekly predictions submitted by 12PM on Wednesday.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
SATURDAY, APRIL 28th 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
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SURVEY SUGGEST BITCOIN PRICES WILL APPRECIATE IN VALUE: According to a survey by Fundstrat 100% of those surveyed expected the price of Bitcoin to appreciate to at least $10k per coin by the end of this year. Interestingly 47% of those surveyed were found to have predictions greater than $30k. The sampling size of the survey and its error were not readily available. Needless to say, the report seems to suggest that the Crowd expects Bitcoin prices to rise.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
FRIDAY, APRIL 27th 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
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CRYPTO BROKERS BEGIN TO TACKLE QUESTION HOW TO PRINT INSTITUTIONAL BLOCK TRADES: Digital exchange Gemini’s new block trading product allows high-volume trades that will be invisible to other traders until the orders are filled.
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MARGINAL COSTS MATTER: As has been highlighted before, the margin cost of mining a bitcoin matters. The recent pull back in bitcoin prices earlier this week found support at the $8600 level which coincidently is considered to be the leading edge estimate, in terms of cost, for mining a bitcoin. In other words, as the market place for Cryptocurrency continues to mature, professional traders will rely on this metric when evaluating downside price risk and support for the price of Bitcoin as they do for traditional commodities such as crude oil.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
THURSDAY, APRIL 26th 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
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BITCOIN MINING NEARING A MILESTONE: It is widely expected that the 17 millionth bitcoin is likely to be mined in the coming day, data from Blockchain.info shows. Note that there are only 21 million bitcoin can ever be created. Importantly, according a recent M organ Stanley research report, the marginal cost of mining a bitcoin is $8,600.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
WEDNESDAY, APRIL 25th 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
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AFTER YESTERDAY’S RALLY, BITCOIN EASES BACK TOWARD’S THE CROWD’S PREDICTION: The last price of bitcoin is within 1.5% of the Crowd’s prediction for the closing price this Friday of $9,038.
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BITCOIN FUTURES SET TO EXPIRE ON FRIDAY: The front month future for bitcoin is set to expire on Friday April 27th. The ticker is BTCJ8 <COMDTY> .The May contract will be the new front month contract beginning Monday.
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MARKET SURVEILLANCE: Gemini will use Nasdaq’s SMARTS surveillance technology to monitor the exchange venue.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
TUESDAY, APRIL 24th 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
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SOHN CONFERENCE: PFEFFER SAYS BITCOIN IS FIRST VIABLE CANDIDATE TO REPLACE GOLD, COULD SEE PRICES AT $90,000 OR SIGNIFICANTLY HIGHER: The Sohn conference had many fintech references but this one about Bitcoin replacing Gold & a price target of $90,000 was a standout prediction.
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FINANCE COMPANIES LINING UP TO ENTER THE CRYPTO MARKETPLACE: Reuters Survey: At Least 56 Finance Firms Will Enter Crypto In Next 6 Months. According to a range of over 400 undisclosed businesses surveyed by Thomson Reuters, one in every five “have plans” to begin direct contact with cryptocurrency assets in the next 12 months.
8AM CRYPTOCURRENCY TRADING SUMMARY
THE CROWD’S LINE LAUNCHES NEW PRICE PREDICTION CHALLENGE FOR MAY 4TH 5PM CLOSE
MONDAY, APRIL 23RD 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
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COINBASE SHUTS DOWN WIKILEAKS ONLINE’S BITCOIN ACCOUNT: Wikileaks’ official online merchandise store claims that its account with Coinbase has been suspended by the cryptocurrency exchange. Wikileaks is now calling for a boycott of Coinbase. There’s no indication, though, specifically how Wikileaks allegedly violated those rules. The announcement, which has not been confirmed by Coinbase, has roiled the Bitcoin community, highlighting certain inevitable tensions as cryptocurrency becomes increasingly mainstream.
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STOCKTOBERFEST EAST BEGINS THIS WEEK: This Wednesday kicks off the start of StockTwits sponsored Stocktoberfest East. The focus of the event is “what’s next?” in the financial markets. Besides the traditional investment discussions, there is a focus on fintech and cryptocurrency products and services. There should be lots of exciting soundbites to come!
8AM CRYPTOCURRENCY TRADING SUMMARY
