Bet: Bitcoin to top $900 before Sep 2016 - page 7.

Astermony

full member

Activity: 373

Merit: 100

It could happen. I think the price of bitcoin could double to $800 just before the halving. So $900 is possible later.

Mr.grin

legendary

Activity: 1218

Merit: 1000

I am not sure if the price of bitcoin will rise as high as it was before the month of September 2016. The fact I'm also not sure that the price of bitcoin will pass $ 800 before September, but nobody knew about the rise in price of bitcoin, so I still hope that it will be true -Right occurs even though the possibility of large price increases $ 900 before the month of September was 20% Grin

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: etile on April 05, 2016, 09:22:49 AM

We can make 10 btc bonus and make bet for 1:1 btc for 600$ usd/btc before Sep 2016
-snip-

You are just complicating things now. By using a 2 out of 2 address in gambling you are asking for trouble, some people are bad losers. Just use a 2 out of 3 address and you will be fine.

Quote from: etile on April 05, 2016, 09:27:32 AM

You never receive more than 0.1 btc.
You release this money in 2026 if you found me :-)

This doesn't make sense.

Quote from: defined on April 05, 2016, 09:20:29 AM

I'll make you an offer you can not refuse: pay me 2 bitcoin for my signature code! You can see the flaw in your system.

Exactly!

etile

newbie

Activity: 45

Merit: 0

Quote from: defined on April 05, 2016, 09:20:29 AM

Quote from: etile on April 05, 2016, 09:11:20 AM

The losing party want to receive 0.1 btc for the lost side.

We can rise it to 0.2 btc or to 0.5 btc if you want

So: I lose. You win. I get 0.1 BTC, you get 5.9 BTC. If I do not sign, we both get nothing. I'll make you an offer you can not refuse: pay me 2 bitcoin for my signature code!
You can see the flaw in your system.

You never receive more than 0.1 btc.

You release this money in 2026 if you found me :-)

etile

newbie

Activity: 45

Merit: 0

Quote from: Lauda on April 05, 2016, 09:13:15 AM

Quote from: etile on April 05, 2016, 09:11:20 AM

The losing party want to receive 0.1 btc for the lost side.

You don't understand how 2 of 2 multisig works obviously nor did you understand my post. It is not well suited for gambling. Once someone loses, they can refuse to release their money.

Yes, and they never receive 0.1 btc bonus.

We can make 10 btc bonus and make bet for 1:1 btc for 600$ usd/btc before Sep 2016

So you send 11 btc to 2of2 address, and I send 11 btc to 2of2 address.

One side win 1 btc, other side lost 1 btc.

So lost side want to receive 10 btc back and release money.

defined

hero member

Activity: 574

Merit: 500

Quote from: etile on April 05, 2016, 09:11:20 AM

The losing party want to receive 0.1 btc for the lost side.

We can rise it to 0.2 btc or to 0.5 btc if you want

So: I lose. You win. I get 0.1 BTC, you get 5.9 BTC. If I do not sign, we both get nothing. I'll make you an offer you can not refuse: pay me 2 bitcoin for my signature code!
You can see the flaw in your system.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: etile on April 05, 2016, 09:11:20 AM

The losing party want to receive 0.1 btc for the lost side.

You don't understand how 2 of 2 multisig works obviously nor did you understand my post. It is not well suited for gambling. Once someone loses, they can refuse to release their money.

etile

newbie

Activity: 45

Merit: 0

Quote from: Lauda on April 05, 2016, 08:55:25 AM

Two out of two isn't the right way to go. What happens when the losing party refuses to let go of their funds? You will end up in a long (possibly 'permanent') stalemate. Just use what was suggested in the link that you've provided:

The losing party want to receive 0.1 btc for the lost side.

We can rise it to 0.2 btc or to 0.5 btc if you want

onlinedragon

hero member

Activity: 1036

Merit: 501

That is big risk gambling it's not even sure we will hit the $900 price. I should try other gambling instead of such speculation.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: etile on April 05, 2016, 07:08:51 AM

BitBet not works anymore so I want bet with anyone with 2of2 multisig transaction

Two out of two isn't the right way to go. What happens when the losing party refuses to let go of their funds? You will end up in a long (possibly 'permanent') stalemate. Just use what was suggested in the link that you've provided:

Quote from: etile on April 05, 2016, 08:46:43 AM

Ok, I moved to 1:4 ratio

Odds are bad for the 'no' side. I don't see why someone would want to risk 4 BTC for a potential win of 1 BTC.

etile

newbie

Activity: 45

Merit: 0

Quote from: talks_cheep on April 05, 2016, 07:37:14 AM

It should be an even bet, 50-50. I mean, I'd like to bet 100 BTC that it will go 900; you will bet your 100 BTC it won't. Go big or go home.

May be 50:50 with 600 usd/btc before Sep 2016?

etile

newbie

Activity: 45

Merit: 0

Ok, I moved to 1:4 ratio

umaOuma

hero member

Activity: 938

Merit: 1000

Quote from: talkbitcoin on April 05, 2016, 07:42:08 AM

i think there is a pretty good chance that bitcoin will rise in the summer around the halving time. i will never bet on it especially bet on the price going to $900 because it might just go as high as $600-$650 even because of the halving.

Yeah anything around $700 is achievable by sept 2016 as hoping too high would be like day dreaming, and if it reaches there then it would be a win win for all of us.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

i think there is a pretty good chance that bitcoin will rise in the summer around the halving time. i will never bet on it especially bet on the price going to $900 because it might just go as high as $600-$650 even because of the halving.

talks_cheep

legendary

Activity: 1036

Merit: 1000

It should be an even bet, 50-50. I mean, I'd like to bet 100 BTC that it will go 900; you will bet your 100 BTC it won't. Go big or go home.

defined

hero member

Activity: 574

Merit: 500

Why do you want a 1 to 5 ratio? That means you are not so sure about the $900. I can take your bet for a 5 to 1 ratio: you spend 5 bitcoin it will reach $900, I give you 1 bitcoin saying it will be less.

etile

newbie

Activity: 45

Merit: 0

Hi!

I am YES side bettor from bitbet.us/bet/1251/bitcoin-to-top-900-before-sep-2016/

The price of one Bitcoin in USD will rise over $900 before September 2016 as per Bitstamp .

BitBet not works anymore so I want bet with anyone with 2of2 multisig transaction
as described here: people.xiph.org/~greg/escrowexample.txt

The bet with 1 : 3.8 ratio.

So I want to bet 1.0 BTC on Yes side.
You should bet 3.8 BTC on No side.

So we transfer 1.3 + 4.1 btc = 5.4 btc on new 2x2 multisig address.

After Sep 01 2016 or after the event we transfer 5.1 btc to the winner side and 0.3 btc to the lost side.

---

Added.

The bet with 1.1 : 1 ratio.
The price of one Bitcoin in USD will rise over $600 before September 2016 as per Bitstamp .

So I want to bet 1.1 BTC on Yes side.
You should bet 1.0 BTC on No side.

So we transfer 1.5 + 1.4 btc = 2.9 btc on new 2x2 multisig address.

After Sep 01 2016 or after the event we transfer 2.5 btc to the winner side and 0.4 btc to the lost side.

Anyone want make bet with me?

---

Added some bets on Betmoose

The price of one Bitcoin in USD will rise over $900 before September 1st 2016
https://www.betmoose.com/bet/bitcoin-to-top-900-before-sep-2016-1879

The price of one Bitcoin in USD will rise over $600 before August 1st 2016
https://www.betmoose.com/bet/bitcoin-to-top-600-before-aug-2016-1878

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Added

https://www.betmoose.com/bet/bitcoin-to-top-1000-before-nov-2016-1930

https://www.fairlay.com/event/category-decimal/news/bitcoin/match/
https://www.fairlay.com/predict/registered/new/bitcoin-to-top-1000-before-oct-2016/
https://www.fairlay.com/predict/registered/new/bitcoin-to-top-600-before-sep-2016/

https://bitbet.us/bet/1272/bitcoin-to-top-1000-usd-before-january-2017/

https://www.predictious.com/economics

Topic: Bet: Bitcoin to top $900 before Sep 2016 - page 7. (Read 10094 times)