When Will Bitcoin Hit $20,000? Guess Correctly And Win $888! (A Bityard Contest)

By MoreGainStrategies | Crypto, Stocks and Stuff | 3 Dec 2020

What?! $888?!

Yes, you read that right. In this contest you can win $888. All you have to do is to guess the day at which the Bitcoin price passes $20,000. And: You get to guess three times. So you have three chances of winning.

What happens if more than one person guesses correctly?

The price money is split equally between all the people who guess correctly.

Can I wait until BTC is very close to $20,000?

Yes, you can, but you can only win if you guessed the day correctly and the Bitcoin price reached $20,000 at least 24 hours after you submitted your guess.

That means if you submit your guess today at 10 pm that Bitcoin will cross $20,000 tomorrow and you're right, but Bitcoin crosses that mark before 10 pm, you haven't won, because you submitted your guess too late.

Where does the money come from?

Obviously, I cannot afford to pay $888 for a contest. But I can inform you that there is such a contest in which you can participate and win.

The contest is hosted by Bityard Exchange. I'm just the guy who found it and wanted to tell you about it as soon as possible, because we were really close to $20,000 twice already and it seems that we are approaching it today once again. 😅

What's my guess?

I believe that it could happen any day now. Maybe tomorrow, maybe next week? We will see...

How did I find this contest?

As some of you might know, I signed up with Bityard Exchange in order to compete in the Publish0x writing contest with a prize pool of $800. You can read all about it in this article and learn how you can compete for the prize money as well.

What do I need to do to participate in this $888 contest?

You need to

create a free Bityard Exchange account with this link.
complete KYC. (Know your customer. You need to provide documentation to prove that you really are who you claim to be.)
achieve a minimum transaction volume of 100USDT.

The last part is easy to achieve by using the demo account. 😉 The trading volume of the demo account counts to the minimum transaction volume. 😁

Then just fill in this form with your three guesses. That means you have three chances of winning.

When will the contest end?

The contest ends when the BTC/USDT trading pair on Bityard hits $20,000. If Bitcoin doesn't hit $20,000 before 23:59 Dec 31, then the contest ends without a winner, unfortunately.

If BTC/USDT on Bityard hits $20,000 on Dec 18, then everybody wins who guessed that the Bitcoin price reaches $20,000 on Dec 18. The price money of $888 is split equally between all winners.

The winners will receive the reward seven working days after the winner list is released. The reward will be sent to the winners' Bityard accounts.

What is Bityard Exchange?

Bityard Exchange is a platform that allows you to trade crypto and some other securities with leverage and margin.

You always trade the security against USDT. In addition to Bitcoin and the most popular altcoins, you can also trade commodities like gold, silver, natural gas, crude oil and even some stock indices like Nasdaq 100 or the German DAX.

In addition to buying long positions, you can also buy short positions.

Personally, I am more of a buy and hold guy, but there are certainly times where it absolutely makes sense to buy a leveraged short position on a security in which you have long positions. Just see it as an insurance policy: If there is another crash like in March of 2020, I could have put $100 into a short position on the DAX, for instance, of which I hold a few stocks. These $100 would have become a lot more during the crash. With the profits of the short I could have bought some nice stocks at bargain prices... Unfortunately, I had no way of shorting back in March. Now I am prepared with my Bityard account in case we see another crash...

Apart from that use case, I have been looking for a crypto trading exchange with low fees. So I signed up right away. 😁✌️ By the way, it seems that on Fridays they drop all fees.

What does Bityard Exchange offer?

They offer a capable interface with a good charting tool for numerous cryptos and other securities, a demo trading account and the best part: You get free crypto by signing up with this link.

Here is a view of the trading interface:

And here is a list of some of the crypto you can trade.

And some more crypto.

And some indices and commodities.

And here you see the bonus offers after you signed up with this link. You get $4 in USDT. In addition, you get 6 BYD which is their own crypto. You can use these BYD to "mine" other crypto, for instance BTC, BCH and ETH. The mined crypto can be used to pay for the trading fees. That way, you can basically trade for free. ✌️

If you use the platform for trading, there are even more bonuses to be had.

$100,000 Demo account

One of my favorite features is the demo account. They give you virtual $100,000 for trading.

You can try what you ever wanted to do with such an amount of money without risking losing any real money.

Copy Trades

If you don't want to trade yourself, you can choose to copy trades of experienced traders.

And if you are an experienced trader, you can even get paid for trading.

Warning about leverage and margin trading

I would not be able to sleep at night if I didn't write a warning about margin trading.

What you need to know is that the trading platform only allows you to trade with leverage and margin. The smallest leverage is 5. The highest leverage depends on the security which you trade. I saw numbers as high as 200!

So keep that in mind! Do your own research before you trade with real money!