A couple of days ago, I got a notification that I was invited to the Short Timeframe Challenge for Cindicator. Interesting... well, it can't hurt to jump on another challenge... as these special invite only challenges tend to pay out much better than the regular Crypto and Traditional challenges. Still, this was a bit of a curious one... speed challenge? Why would you need a speed round for crypto price prediction?
I guess they are testing out some new formats to see what is the best for them to make final amalgamated predictions about the market. Having more polling of the analysts makes for more data points I guess, rather than the daily or even weekly questions. So, there are 8 questions four times a day (making for a total of 32 questions), which are only open for an hour. I would prefer that they were open for two hours... it can be hard to catch them unless you have the notifications on....
Anyway, the questions have all been binary questions... will this crypto asset hit an upside threshold target or the downside one first. Needless to say, it's been a bit of a rocky ride in the last day or two with targets being hit on both sides... so, we've really had our prediction chops being tested pretty heavily! The pairs that are being quizzed are USD pairs with BTC, ETH, USD and XRP along with pairings with BTC and BCH(ABC), ETC, OMG and LTC. So a nice selection of the main cryptos at the moment.
The challenge only lasts a week or so... and the usual rules for the binary questions apply. You win or lose the points that you stake on the up or down side. The payout is pretty generous, standing at 50,000 CND to be divided by weight among the analysts with positive balances at the end of the contest period. With an invite pool of 150, and with many people already standing in the red balance wise it could be a nice payout if I can stay in the green... which so far I've managed...
We'll see... at the moment, I'm green... not a huge buffer... but a decent one... however, I think I have some downside predictions that haven't triggered, and the movements of the last hour seem destined to lose me points on those! Let's see if I can navigate this storm!
Keep Your Crypto Holdings Safe with Ledger
Ledger is one of the leading providers of hardware wallets with the Ledger Nano S being one of the most popular choices for protecting your crypto currencies. Leaving your holdings on a crypto exchange means that you don’t actually own the digital assets, instead you are given an IOU that may or may not be honoured when you call upon it. Software and web based wallets have their weakness in your own personal online security, with your private keys being vulnerable in transit or whilst being stored upon your computer. Paper wallets are incredibly tiresome and still vulnerable to digital attacks (in transit) and are also open to real world attacks (such as theft/photography).
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Keep Your Digital Gold Safe with Ledger
Ledger is one of the leading providers of hardware wallets with the Ledger Nano S being one of the most popular choices for protecting your crypto currencies. Leaving your holdings on a crypto exchange means that you don’t actually own the digital assets, instead you are given an IOU that may or may not be honoured when you call upon it. Software and web based wallets have their weakness in your own personal online security, with your private keys being vulnerable in transit or whilst being stored upon your computer. Paper wallets are incredibly tiresome and still vulnerable to digital attacks (in transit) and are also open to real world attacks (such as theft/photography).
Supporting a wide range of top tokens and coins, the Ledger hardware wallet ensures that your private keys are secure and not exposed to either real world or digital actors. Finding a happy medium of security and usability, Ledger is the leading company in providing safe and secure access to your tokenised future!