Crash to $2 imminent. Willing to bet. - page 5.

grod

full member

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Quote from: Edward50 on September 11, 2011, 10:44:42 PM

The main reason is that some people have vested interest in bitcoin price not falling, and have already proven to put up tens of thousands of dollars to make this not happen.

And the lower they go the cheaper becomes maintain price. Then again, just last month I'd have said $4s is not likely for the same reason and here we were. 210,000 coins get mined a month, and assuming only half of them get sold at a price of $4 that's still a chunk of new change required to feed the beast.

BCEmporium

legendary

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Quote from: Edward50 on September 11, 2011, 10:44:42 PM

However, it still amazes me just how fast the value of bitcoins can drop.

Not me. I said it several times, the need for a bitcoin REAL economy. But most were too entretained with 30usd and I ended bashed...
Whatever raises too fast can fall at equal pace.

Edward50

hero member

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wobbler, honestly I am probably one of the biggest bitcoin bears, have been since bitcoin touched $30. Got flammed the whole time while bitcoin kept falling.

However, $2.00 may be reached but I think it will take longer than you think.

The main reason is that some people have vested interest in bitcoin price not falling, and have already proven to put up tens of thousands of dollars to make this not happen.

It very likely will eventually fall that low, but it will take some time. Your looking at some months.

However, it still amazes me just how fast the value of bitcoins can drop.

coinjedi

full member

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Quote from: NothinG on September 11, 2011, 02:07:28 PM

http://betsofbitco.in/item?id=98

I've just approved this bet in case anyone wants to join.

wobber

legendary

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Yeah, I saw the moonco.in. Fabolous!

@anu: price down for 3 days would be a crash for me, otherwise just a spike down.

NothinG

hero member

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Quote from: anu on September 11, 2011, 01:14:18 PM

Quote from: wobber on September 11, 2011, 10:04:22 AM

I bet on $100 that bitcoin will crash to $2. I am certain because everytime it crashed, it first went up 1-1.5 dollars. Today happened the same, from 4.7 to 6 or more.

I take that bet provided you put reasonable limits to it, say that it has been under $2 for more than 1 day @ next Friday, 12:00 UTC.

http://betsofbitco.in/item?id=98

anu

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RepuX - Enterprise Blockchain Protocol

Quote from: wobber on September 11, 2011, 10:04:22 AM

I bet on $100 that bitcoin will crash to $2. I am certain because everytime it crashed, it first went up 1-1.5 dollars. Today happened the same, from 4.7 to 6 or more.

I take that bet provided you put reasonable limits to it, say that it has been under $2 for more than 1 day @ next Friday, 12:00 UTC.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: gw4tt on September 11, 2011, 12:53:44 PM

Would be nice to see prices at $1 or so.

$2 is probably a bit high.

maybe it will happen today!

gw4tt

full member

Activity: 126

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Would be nice to see prices at $1 or so.

$2 is probably a bit high.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: Absentis on September 11, 2011, 12:49:14 PM

If you really want to make this bet head over to http://Moonco.in and make it official.

So what you guys gonna do?

Absentis

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If you really want to make this bet head over to http://Moonco.in and make it official.

BCEmporium

legendary

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Quote from: wobber on September 11, 2011, 10:04:22 AM

I bet on $100 that bitcoin will crash to $2. I am certain because everytime it crashed, it first went up 1-1.5 dollars. Today happened the same, from 4.7 to 6 or more.

That's simply stupid! Obviously something to "crash" has to go up before, you don't see planes crash before they take of also... Roll Eyes

But there's no such relation of going up x and down y. You're just jumping to a losing bet.

bitcoinTrader

sr. member

Activity: 364

Merit: 250

Quote from: wobber on September 11, 2011, 10:04:22 AM

I bet on $100 that bitcoin will crash to $2. I am certain because everytime it crashed, it first went up 1-1.5 dollars. Today happened the same, from 4.7 to 6 15.9499 ~~or more~~.

druid

newbie

Activity: 54

Merit: 0

Im willing to bet...which period are we talking about?

Let us set the bet
100$ mtgox coupon code?

wobber

legendary

Activity: 1064

Merit: 1001

I bet on $100 that bitcoin will crash to $2. I am certain because everytime it crashed, it first went up 1-1.5 dollars. Today happened the same, from 4.7 to 6 or more.

Topic: Crash to $2 imminent. Willing to bet. - page 5. (Read 10634 times)