Topic: 5k before year end 2015 (Read 3128 times)
When you lose the bet, but still win...
Well why not, if it can drop from 1k to 0.2 K in one year, it can certainly rise to 5k in one year. Anything is possible with the bitcoin market.
$5k is a tad optimistic, but stranger things have happened in Bitcoinland. Not sure if I'm willing to place a bet on it happening, though.
That's why I set it at 5k to get the highest number of bets against to increase my possible return. Win big or go home
Worst case for me is if it ramps up but doesn't break 5k. I could lose anything up to $24999.99 !
$5k is a tad optimistic, but stranger things have happened in Bitcoinland. Not sure if I'm willing to place a bet on it happening, though.
I'm certainly not saying it will happen but I definitely won't place a bet against it as the long downtrend could trigger a parabolic and violent uptrend that I don't wanna fuck with other than hold. 
$5k is a tad optimistic, but stranger things have happened in Bitcoinland. Not sure if I'm willing to place a bet on it happening, though.
Love or hate MP he's smart enough to know not to kill the golden goose. Bitbet takes 1% of everything win or lose. Of all the scummy unregulated bitcoin sites there are this is probably one of the less scummy imho.
I never use the winkdex, but I like those winklevoss brothers they seem like fun guys. So in a roundabout way this bet promotes there site.
Also there is allegedly an ETF coming, perhaps the winkdex will end up being more important than everyone thinks!
I never use the winkdex, but I like those winklevoss brothers they seem like fun guys. So in a roundabout way this bet promotes there site.
Also there is allegedly an ETF coming, perhaps the winkdex will end up being more important than everyone thinks!
'Oh look ma', another scam site!'
That's actually a semi-brilliant scam, though. Odds are a ton of bitcoiners (many whom are in this very thread) who were already loose with their money will just toss this site a crapload of their stack just because the bet is so wildly ridiculously favorable.
Then POOF. The domain suddenly hyperlinks to a '404 not found' page come December. Then the complaint threads start. 'I WANT MUH MUNEE BACK I NEVER SEEN THIS COMING U LYIN SACK OF S**T!!'
That's actually a semi-brilliant scam, though. Odds are a ton of bitcoiners (many whom are in this very thread) who were already loose with their money will just toss this site a crapload of their stack just because the bet is so wildly ridiculously favorable.
Then POOF. The domain suddenly hyperlinks to a '404 not found' page come December. Then the complaint threads start. 'I WANT MUH MUNEE BACK I NEVER SEEN THIS COMING U LYIN SACK OF S**T!!'
If I think that BTC price is gonna be a lot lower by the end of 2015, what's the point of making a bet in BTC if that will be worth a lot less in the end if I win anyway?
Bitcoin is gamble, but gambling sites are worse.
They profit (1%) from retards. Great business. Lots of morons in the bitcoin community.
Gambling sites like bitstamp, Huobi, BTC-e, OKCOIN etc?
edit: how could I forget bitfinex!!!? the leveraged one!
There's a small part of me that wishes bitfinex was a rogue exchange that instead of running away with bitcoins would run away with cash from short sale gains.
Haha, that would be a huge irony!
Re your earlier comment re troll idiots. Agree, the proliferation of new accounts and increasing rate of postings is a useful indicator.
It's a hella useful indicator. At every botto, they show up in droves. Just check their conten, look up the account date and you get a good feel for what's going on. It's the proverbial "shoot yourself in the foot".
To be honest I have the impression that the only ones posting ACTUAL ARGUMENTS are what you call the "bear trolls", while permabulls just never respond to the concerns and points raised.
Oh, and forgot to say that they are always wrong about what the price is doing, while the "trolls" are right almost all the time.
But sure, "trolls".
Bitcoin is gamble, but gambling sites are worse.
They profit (1%) from retards. Great business. Lots of morons in the bitcoin community.
Gambling sites like bitstamp, Huobi, BTC-e, OKCOIN etc?
edit: how could I forget bitfinex!!!? the leveraged one!
Ehm, Huobi, OKcoin and BTC-E have leveraged margin trading too by the way.
Im pimping my bet. Isn't it obvious?
Bitcoin is gamble, but gambling sites are worse.
They profit (1%) from retards. Great business. Lots of morons in the bitcoin community.
Gambling sites like bitstamp, Huobi, BTC-e, OKCOIN etc?
edit: how could I forget bitfinex!!!? the leveraged one!
There's a small part of me that wishes bitfinex was a rogue exchange that instead of running away with bitcoins would run away with cash from short sale gains.
Haha, that would be a huge irony!
Re your earlier comment re troll idiots. Agree, the proliferation of new accounts and increasing rate of postings is a useful indicator.
It's a hella useful indicator. At every botto, they show up in droves. Just check their conten, look up the account date and you get a good feel for what's going on. It's the proverbial "shoot yourself in the foot".
Oh, and forgot to say that they are always wrong about what the price is doing, while the "trolls" are right almost all the time.
But sure, "trolls".
Im pimping my bet. Isn't it obvious?
Bitcoin is gamble, but gambling sites are worse.
They profit (1%) from retards. Great business. Lots of morons in the bitcoin community.
Gambling sites like bitstamp, Huobi, BTC-e, OKCOIN etc?
edit: how could I forget bitfinex!!!? the leveraged one!
Why would any bull take this bet?
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
Wait, what?
I bet $5 worth of bitcoin on yes, and if I am right then my wager is worth $100 and the payout is worth $388.
If I buy the bitcoin, but don't place the bet then I get $100 worth of 5k bitcoin.
If the bet fails I am out 5$.
What am I missing?
your 5$ right.
you will give it to someone else
Using "The Winkdex"?
That's suspicious, who uses that...?
sgbett, you're friends with the Winkevoss brothers and this bet is totally rigged.
Sneaky Hobbitses
That's suspicious, who uses that...?
sgbett, you're friends with the Winkevoss brothers and this bet is totally rigged.
Sneaky Hobbitses
More brilliant advice from sgbett, I see.
Most likely outcome is that you place a bet, and even if you're right in the outcome, you'll still lose because bitbet won't honor it and will run off with the money.
Are we still on track to hit $560,000 this year?
Most likely outcome is that you place a bet, and even if you're right in the outcome, you'll still lose because bitbet won't honor it and will run off with the money.
Are we still on track to hit $560,000 this year?
While annoying, troll idiots like nilneh and tvbcof are helpful signals in and of themselves as to bottoms. What would we do without them?
Just because I pointed out that cypherdoc and everyone who listened to cypherdoc lost 75% of their wealth in 2014 I'm somehow on the guy's shit-list.
I guess maybe my pointing out that I shifted some of my position into other assets at the end of 2013 and mentioned I was doing so sort of rubs salt in his wound. Who knows?
Don't place long term bets on bull shit gambling sites.
Just HODL.
Just HODL.
Why would any bull take this bet?
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
Wait, what?
I bet $5 worth of bitcoin on yes, and if I am right then my wager is worth $100 and the payout is worth $388.
If I buy the bitcoin, but don't place the bet then I get $100 worth of 5k bitcoin.
If the bet fails I am out 5$.
What am I missing?
Why would any bull take this bet?
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.
People are stupid.
It's an easy, safe bet. No will win. Problem is, do you trust the site to survive until 2016 and actually pay out? I've placed winning bets on another site before and was lucky to get paid out before, months later, the site did what bitcoin sites do best: disappear with everyone's money.
Sometimes i think that we all want to see price go so high so we can all have some peace and quite.
But for 5k to happen this is .... dunno but it will take a lot of time.
But for 5k to happen this is .... dunno but it will take a lot of time.
The problem is I don't think we'll get peace and quiet we'll have an equal number of bulltards, absolutely convinced that the next bubble isn't a bubble and will never ever end, and selling their own children into slavery to buy at the top.
Not to mention all the "told you so" posts :/
We can only think and predict and say it will be like this or that.
Bottom line is price is low we all want better price someone 500$ and someone 5000$.
5k cents maybe
free money up for grabs for anyone who has the balls to bet against it.
I think $5K is pretty optimistic. So I might hedge my bets, just in case
I'm looking forward to writing bullish told you so posts at 5k
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