Update: We are trading! Don't miss out!
The Ethereum classic buy trade can be checked here.
Get rewarded in steem for your correct prediction!
Using Steemian collective thinking, we will place trades on cryptocurrencies. This will cost nothing and only takes a minute to contribute. Correctly predict the outcome of the trade (buy or sell) and a certain amount of steem will be given to you via @tipU or upvoting of your comment. This will depend on the amount (if any) of profit made on the trade. As the community grows, hopefully, the rewards will grow, with any profits put back into steem distributed to the users and growing the steemit community.
For the full explanation of the project, and the platform being used, you can look here, but I will run over the basics again.
What is needed from you:
- Review the time frame chart, or the daily movement screenshot below.
- Make a decision using the chart, any fundamental information or just your gut feeling.
- Post a comment with the words 'Buy' or 'Sell' depending if you think the price will go up or down respectively.
This is all you need to do.
We would like to overlap some trades and have 2 per week, so the next currency we would like to offer up for the Wisdom of the Steemians, is Ripple (XRP). The minimum threshhold to enter a trade is 25 comments, although we entered the Ethereum Classic trade with 16 comments. So please, get involved and spread the word if you like the idea. We will definitely reward early participants for their enthusiasm.
What will happen next:
- Buy and Sell comments will be counted and results posted.
- Trade will be executed ~24 hours from original post.
- Trade will be closed 1 week thereafter.
And it's as simple as that, just sit back and wait to be updated on the progress.
Copy!
Feel free to copy any trade made on the outcome of votes but be aware that this is purely for experimental purposes. Click and follow @CammyW to join the Etoro trading platform where you can copy any of the trades automatically.
A little disclaimer, obviously, if you choose to copy, only risk what you can afford to lose. This is not a sure thing and there is the strong possibility you will lose money. Who knows? I don't, thats what we are here to find out!
Spread the Word
This experiment can only work with the teamwork and collective of the community, if you like the idea please spread the word. Not only will this improve the results of the project but will also give others the opportunity to get in on the (potential) action too!
Thank you.