I see single digits as a possibility, not as a certainty. And I think it's possible that the bottom is extended to 2014, so that we may see single digits but not until next year.
Anyway, the odds do not make sense.
Topic: Bet: We will not see single digit bitcoin price in 2013. - page 2. (Read 2818 times)
This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity
How is it unfair? The bears are SURE value will crash to single digits. 1 BTC for a sure thing is free money. There is no risk of losing because they are positive value will crash. Just ask proudhorn.
I don't know about proudhon, but I never said that. I'm sure it will crash, but whenever that is from 190 to 3, 9001 to 100 or 500 to 1 I just don't know.
That's the nature of hyperbolic bubbles you just don't know where it ends.
This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity
How is it unfair? The bears are SURE value will crash to single digits. 1 BTC for a sure thing is free money. There is no risk of losing because they are positive value will crash. Just ask proudhorn.
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For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.
If nobody learned anything from that prank, that will truly make me sad. Also, this bet is unfair to anyone but the person making it.
@OP: Use bitbet or something. The forum is not an efficient place to do this. I would implore everyone to use a trusted escrow.
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If it ever goes below $10/BTC then I'm buying up 1,000 - 10,000 BTC's, or even 100,000 BTC if price is low enough.
BTC isn't going away.
BTC isn't going away.
Same goes for like thousands of other people
All the permabears out there, it's time for you to put your money where your month is, my proposal goes like this:
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.
3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.
3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity
If it ever goes below $10/BTC then I'm buying up 1,000 - 10,000 BTC's, or even 100,000 BTC if price is low enough.
BTC isn't going away.
BTC isn't going away.
I miss hearing warnings about Single Digits.
yes, i remeber the good ol' single digit days. the ones we'll tell our grandchilren about people buying pizzas and soda pops for thousands of bitcoins....
I miss hearing warnings about Single Digits.
There were a few threads:
https://bitcointalksearch.org/topic/discussion-about-10000btc-bet-official-102918
https://bitcointalksearch.org/topic/im-giving-100-roi-away-to-anyone-who-thinks-pirate-is-a-fraud-101751
He later got a scammer tag but it appears that Theymos took it off, after recently returning he's been trying to come into an agreement with people he was owing money to.
https://bitcointalksearch.org/topic/discussion-about-10000btc-bet-official-102918
https://bitcointalksearch.org/topic/im-giving-100-roi-away-to-anyone-who-thinks-pirate-is-a-fraud-101751
He later got a scammer tag but it appears that Theymos took it off, after recently returning he's been trying to come into an agreement with people he was owing money to.
Thanks. Wow what a stupid bet that was. Even assuming he had some reasons to believe in pirate's trustworthiness (which he did not), still idiotic.
I bet 100 bitcoins no one takes this bet and wins.
make the bet <$50 or <$75 and you might have some takers.... maybe even proudhon if he's any btc.
I don't expect to see any taker, instead I expect the permabears to"bet or shut up".
For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.
We can sort that out later, but first I need to see people taking the bet.
For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.
Do you have a link to that bet or any keywords to look for?
There were a few threads:
https://bitcointalksearch.org/topic/discussion-about-10000btc-bet-official-102918
https://bitcointalksearch.org/topic/im-giving-100-roi-away-to-anyone-who-thinks-pirate-is-a-fraud-101751
He later got a scammer tag but it appears that Theymos took it off, after recently returning he's been trying to come into an agreement with people he was owing money to.
For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.
Do you have a link to that bet or any keywords to look for?
For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.
make the bet <$50 or <$75 and you might have some takers.... maybe even proudhon if he's any btc.
Why all the hoopla, just put a bet up on bitbet - let anybody get in for whatever amount they want.
That's exactly what I don't want, make a bet just to win a tiny amount.
All the permabears out there, it's time for you to put your money where your month is, my proposal goes like this:
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.
3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.
3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity
Yes, that's why I need to pay (the number of bears)*1 BTCs if I lose, and they each only need to pay 1BTC maximum.
Why all the hoopla, just put a bet up on bitbet - let anybody get in for whatever amount they want.
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