The first in a new class of crypto-currency that tracks the returns of investment strategies without the risks of the fiat financial system.
Bitcoin Enhanced tracks percentage change in Bitcoin prices until there is a signal that Bitcoin prices are likely to fall. Bitcoin Enhanced then simulates “shorting” Bitcoin, in effect betting that Bitcoin prices will fall. When the forecast period is over Bitcoin Enhanced simulates going “long” Bitcoin again and continues to track the percentage change in Bitcoin prices. The gain/loss of being short Bitcoin during the forecast period is expressed as a multiplier to the Bitcoin price.
A forecast for a period of falling prices is made before the period begins. The forecast is published on a time-stamped forum such as Facebook in an encrypted form. Once the forecast period is over the key is publically provided on the same forum so that the times of the forecast can be decrypted. This method of encryption/decryption on a public time stamped forum verifies that the forecast was genuine in that it was made before the event.
An encrypted forecast was made on Friday 17th of August 2018. Once the forecast has finished then the result will be available here.
Below is the unique hash generated from the prediction
Below is a link to the encrypted data.
An encrypted forecast was made on Friday 17th of August 2018. Once the forecast has finished then the result will be available here.
Below is the unique hash generated from the prediction
Below is a link to the encrypted data.
New Forecast 8: Bitcoin prices to fall from 6pm EST 24th August to 6pm EST 12th September 2018..
Below is the unique hash generated from the prediction
Forecast 6: Bitcoin prices to fall from 6pm EST 27th June to 6pm EST 7th July 2018 (10 days).. The password to verify this forecast is: 23$$9-jhGR
Forecast 5: Bitcoin prices to fall from 6pm EST 19th May to 6pm EST 27th May 2018.. The password to verify this forecast is: ]e4&77^2p
Bitcoin prices to fall from 6pm EST 14th May to 6pm EST 19th May 2018.. The password to verify this forecast is: vx2@@#as5
Bitcoin prices forecast to fall from 23rd to 27th April 2018, (5 Days). The password to verify this forecast is: hen0973h1219
Bitcoin prices to fall from 6pm UTC-5 Friday 30th March to 6pm UTC-5 Wednesday 11th April.. The password to verify this forecast is: 89$%2sWqa
Bitcoin prices forecast to fall from 17th February to 26th February 2018 (10 days). The password to verify this forecast is: dushy
Forecast 7 was the result of human error. According to the algorithm the forecast should not have been made. As no tokens had been issued the forecast has been deleted to provide a more accurate record of the performance of the algorithm in forecasting Bitcoin price falls.
Bitcoin Enhanced creates value through its ability to successfully forecast periods when Bitcoin prices are likely to fall. It does this by using Phi, the irrational number 1.618…, also called the Golden Ratio or Golden Mean. Phi describes how systems develop. This is not only true of plants and animals, but also man-made systems such as a Boeing aircraft, the approval rating of Presidents and commodity prices.
Important: simulated performance is NOT a good indicator of future performance.
On 13th September 2013 Bitcoin stood at $5.93. By 14th February 2018 it had risen to $9,071, an average annual increase of 237%. However during the same period the value of Bitcoin Enhanced would have risen to $136,741, an average annual increase of 21,265%. In this simulation the value of Bitcoin Enhanced improved the value of Bitcoin by a multiple of 15.
Two risks associated with Bitcoin Enhanced are the assumptions that the value of Bitcoin is likely to continue to rise for the foreseeable future and that Bitcoin Enhanced can continue to forecast periods of falling prices with a better than 50/50 chance. Both these assumptions need to be true in order for Bitcoin Enhanced to be a store of value for owners of the coin.
There are many coins such as Monero, Ethereum, Bytecoin. All have a particular offering. There is no indication that these coins have detracted from the value of Bitcoin.
The end of a forecast day is 6pm EST.
We expect there to be 21 million coins, the same number as Bitcoin. However this depends in part on which verification platform is eventually chosen for the coin.
Because there is no air drop or ICO of Bitcoin Enhanced coins, the market in coins will grow organically rather than being force fed at the beginning. Many buyers of Bitcoin Enhanced are expected to hold their coins to see the price appreciation. At the same time the original holders of the coins will serve as market makers and ensure liquidity for those wishing to sell until one million coins are in circulation. This will be done on a “best efforts” basis.
For Bitcoin Enhanced to add value to Bitcoin prices we require only that the price falls are greater than the price gains during forecast periods. In practise we expect our forecasts to be right around 60% of the time.
Work with us to spread BEliefs.
Email us if you would like to get involved: simon@bitcoinenhanced.io