Dare to take such gamble? - page 2. | Bitcointalksearch.org

ajiz138

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Quote from: mich on March 24, 2023, 02:40:35 AM

Let us not fool ourself with price of Bitcoin to be $1 million in 3 months. But what he is doing on the internet is creating fomo for Bitcoin so I think this is a benefit for the investors.

Balaji Srinivasan is a entrepreneur and he has so much money. For him to lose $1 million is a few pocket change for the man. He is so smart and he knows what he is doing with this tweet. A public stunt to get him more attention and more Following.

It doesn't make sense bitcoin could hit a high of $1M in such a short amount of time we've just looked at bitcoin cycles before it's never crossed its max so I don't understand what's at stake and believe bitcoin will reach $1M in 90 days does it show on against the bet to not dare to be afraid?
Then who will dare to take this bet? I think other people won't be able to believe it.

No wonder if he is a conglomerate, of course, with the money at stake, there will be nothing. He can even return a bigger profit on this tweet, because a big investor is always smart in public opinion, which will increase FOMO.

Pujangga

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I think this is an exciting thing and makes anyone try to take part in the gamble, sometimes things that are currently impossible but can happen, for now I'm not interested in an offer like this not because I think it's impossible, but because it's currently in the wallet only have crypto assets including altcoins around $475.

|MINER|

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This has come to my attention, I think this guy actually tweets like this hoping to seek public attention. I find it completely absurd that Bitcoin went from this price to one million dollars in just 90 days. This guy had made predictions and bets like this before and it was completely wrong. However, I am not saying that the price of Bitcoin will not reach one million dollars, but that time may not have come yet and it may take a long time to see it.

Muba20

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Quote from: Marvell1 on March 24, 2023, 03:47:18 AM

Quote from: STT on March 22, 2023, 06:05:51 PM

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity. Either way he wins probably as its cheaper then buying advertising. But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up. BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

That seems to be the main issue. Because he himself knows and everyone who is a bitcoin holder or trader knows about bitcoin. It completely denies such a statement, but the person who tweeted it may have done for some other purpose. And maybe he wanted to become the talk of the town.

Zilon

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Quote from: Rikafip on March 19, 2023, 09:58:18 AM

I don't think that you understood his tweet correctly. His offer was not for anyone thinking that bitcoin won't reach 1 million and instead it was reply to a guy claiming that he is willing to take $1 million bet that US doesn't enter hyperinflation. Here's his tweet as well https://twitter.com/balajis/status/1636797265317867520

https://twitter.com/jdcmedlock/status/1636480393007489024

Thanks for the observation. When i saw the first line of Balaji tweet it was confusing because if he was making a claim that Bitcoin will hit $1m in 90 days and placing a bet on it. he will not start a statement with the phrase "I will take that bet". Which means it is an accepted challenge to a preceding post from James Medlock and OP wasn't discrete enough to drop the link so people could confirm the tweet themselves.

Marvell1

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Quote from: stomachgrowls on March 24, 2023, 03:39:27 PM

Quote from: Marvell1 on March 24, 2023, 03:47:18 AM

Quote from: STT on March 22, 2023, 06:05:51 PM

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity. Either way he wins probably as its cheaper then buying advertising. But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up. BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

Possible but it wont really be that happening in short time.Did check out if there's someone who did really bait off the deal and there really is.

Former Coinbase CTO makes $2M bet on Bitcoin’s performance

So this would really be a good thing to watch on whose gonna get that 2M worth with this deal.Someone do really able to realize and take
the deal and thinks off the realistic approach.

I watched the news, and as I said, this guy just used tricks to create public attention to increase influence on social networks, not with good intentions. Many people used this method and then tried to promote shitcoin projects, I wouldn't be surprised if he talks about some shitcoins in the near future. In terms of the $100k goal, we have not yet reached it. The road to getting to $1 million per bitcoin is still a long way off, so it's too early to think about it in the near future.

stomachgrowls

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Quote from: Marvell1 on March 24, 2023, 03:47:18 AM

Quote from: STT on March 22, 2023, 06:05:51 PM

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity. Either way he wins probably as its cheaper then buying advertising. But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up. BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

Possible but it wont really be that happening in short time.Did check out if there's someone who did really bait off the deal and there really is.

Former Coinbase CTO makes $2M bet on Bitcoin’s performance

So this would really be a good thing to watch on whose gonna get that 2M worth with this deal.Someone do really able to realize and take
the deal and thinks off the realistic approach.

Marvell1

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Quote from: STT on March 22, 2023, 06:05:51 PM

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity. Either way he wins probably as its cheaper then buying advertising. But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up. BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

mich

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Let us not fool ourself with price of Bitcoin to be $1 million in 3 months. But what he is doing on the internet is creating fomo for Bitcoin so I think this is a benefit for the investors.

Balaji Srinivasan is a entrepreneur and he has so much money. For him to lose $1 million is a few pocket change for the man. He is so smart and he knows what he is doing with this tweet. A public stunt to get him more attention and more Following.

Wong Gendheng

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Quote from: GideonGono on March 22, 2023, 05:53:54 PM

Quote from: Crypt0Gore on March 19, 2023, 06:21:25 AM

I was scrolling my page on Twitter as usual and I saw this post from a crypto guru, I don't know him but many people do say he knows how the market works. He put up a gamble worth of 2million USD, open to anyone who doesn't believe that Bitcoin will reach 1 million dollars 💰💰💰 in 90days, with the way he has been right with past predictions, this thread is making some noise on Twitter, but honestly, I found this prediction to be impossible, maybe I don't see what makes him believe that this is possible.

*My question for you*

Will you dare take such a gamble if you have the money? 🤑🤑🤑

Yup I would take that dare if I have the money for it.
It seems like a joke, the current price and even the ATH is so far from hitting a Million Dollar mark.
This joke reminds me of McAfee's prediction and vet that he will eat his own d.

Jokes like this are sometimes needed to make our veins calm, of course things that are impossible if the price of Bitcoin can reach $ 1 million in 90 days, I'm also not sure if 90 days from now on prices can make a new ATH record, leave things like this and I will also not be interested in taking part.

carlfebz2

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Quote from: STT on March 22, 2023, 06:05:51 PM

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity. Either way he wins probably as its cheaper then buying advertising. But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up. BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

Demand would be always be the key and we do know that supply is fixed and there's no way for it to be altered or to be changed up and this is why price would really be determined whether it would really be

that expensive or something that would really equal into its worth.No one really knows on what would be the ending point but we know that it isnt something that could shoot up on a million in a short time.

We are just that too early and young to reach up that phase if ever the recognition would really be on globally or something in huge percentage but we arent really still on it.

JoyMarsha

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Quote from: Maus0728 on March 19, 2023, 07:14:16 AM

I suspect that this person who posted a long winded post on Twitter did it for Twitter clout purposes

Come to think of it, it doesn't make sense that he believe the US dollar will hyperinflate, causing Bitcoin's price to skyrocket within 90 days, yet he willingly chose to store a million dollars in USD instead of just buying Bitcoin. Not to mention that this person was also a former CTO of Coinbase^[1], which implies that they likely have a significant amount of Bitcoin at his disposal waiting to sell at a higher price. It's highly likely that this Twitter post is just a way for him to manipulate the market and make a profit.

He just composed an extremely technical narrative of economics to make him sound credible on the outside without really knowing what he is actually talking about in the first place. And no, I barely understand what he actually wrote apart from that stupid bet and hyperinflation thingy..

[1] https://cointelegraph.com/news/former-coinbase-cto-makes-2m-bet-on-bitcoin-s-performance

Exactly. It's just clout-hunting tweets, nothing more. How could anyone with common sense imagine the price of bitcoin rising to $1 million in just 90 days? While we are not in the bull run and bitcoin is yet to surpass the $100k price that many investors are speculating about for a long.

Everyone who bets on it won't get anything in the end. Instead of betting that the price of one bitcoin would never reach $1 million, it is preferable to have it in your portfolio where it can grow in price happily.

STT

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Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity. Either way he wins probably as its cheaper then buying advertising. But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up. BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

GideonGono

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Quote from: Crypt0Gore on March 19, 2023, 06:21:25 AM

I was scrolling my page on Twitter as usual and I saw this post from a crypto guru, I don't know him but many people do say he knows how the market works. He put up a gamble worth of 2million USD, open to anyone who doesn't believe that Bitcoin will reach 1 million dollars 💰💰💰 in 90days, with the way he has been right with past predictions, this thread is making some noise on Twitter, but honestly, I found this prediction to be impossible, maybe I don't see what makes him believe that this is possible.

*My question for you*

Will you dare take such a gamble if you have the money? 🤑🤑🤑

Yup I would take that dare if I have the money for it.
It seems like a joke, the current price and even the ATH is so far from hitting a Million Dollar mark.
This joke reminds me of McAfee's prediction and vet that he will eat his own d.

milewilda

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Quote from: Oceat on March 22, 2023, 04:48:09 PM

Nah, it's a game only for rich people. Cheesy

We have the same thoughts about him predicting BTC to reach $1M in 90days and I find it just like a bluff or is it just a dare joke. I would be surprised if someone will take up to his challenge and then we'll see where their drama going. lol

If he's really into it then he might be part of the whales in the market. I think there's a catch on that bet I'm sure since it's probably a too good to be true if only I had 1 Bitcoin. Grin

Trying out to make some hype just like on what other permabulls had done in the past? Of course it would really be seem that way but its not really that surprising about these kind of probable bets on speculating on where the price would be ending up. Now it had just been that stated on reaching on 90 days for 1M each coin which it is really that impossible, determining on how Bitcoin moves then we cant even reach out 50-80k
on that particular time frame. Sometimes there are really people specially rich ones do really love on playing with their money and tending to make up some bets and looking for someone who would took off the bait
or would really be just simply trying to make some hype in line with the current banks issues as of this moment.

Oceat

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Nah, it's a game only for rich people. Cheesy

We have the same thoughts about him predicting BTC to reach $1M in 90days and I find it just like a bluff or is it just a dare joke. I would be surprised if someone will take up to his challenge and then we'll see where their drama going. lol

If he's really into it then he might be part of the whales in the market. I think there's a catch on that bet I'm sure since it's probably a too good to be true if only I had 1 Bitcoin. Grin

doomloop

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Quote from: Crypt0Gore on March 19, 2023, 06:21:25 AM

I was scrolling my page on Twitter as usual and I saw this post from a crypto guru, I don't know him but many people do say he knows how the market works. He put up a gamble worth of 2million USD, open to anyone who doesn't believe that Bitcoin will reach 1 million dollars 💰💰💰 in 90days, with the way he has been right with past predictions, this thread is making some noise on Twitter, but honestly, I found this prediction to be impossible, maybe I don't see what makes him believe that this is possible.

To be honest, I would take that bet if I could afford to buy 1 Bitcoin because I'm pretty sure that I will win the bet since Bitcoin will not reach $1m in 90 days if that's really what he was referring to because I couldn't see anything specific about that in his tweet. What I said doesn't really mean that I don't believe in Bitcoin or its potential, but conditions don't really say something like that could happen soon.

If he had said that for a year, maybe we could think that who knows? If Bitcoin starts going up and the bull market doesn't stop until it reaches $500k or above in no days, then we could see it hitting $1m after that but to me, it even sounds unrealistic at all.

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Quote from: Sir Legend on March 21, 2023, 10:24:47 PM

On twitter there are a lot of people who bet to guess the price, and this is like this is normal and I've seen it a few times, they make predictions with bets that look promising, but for now I won't dare to bet on something like this, the main problem is since I don't have enough bitcoins, if there is a smaller bet like max $1000 maybe I can give it a try.

If it's only $1000, I think many people will want to participate in the predictions. But we are talking about 1 BTC, where the price is already very high for those who don't have much money. But for those who have money, I think they can keep up with it easily and can save it well.

But whatever the outcome, I think we should take advantage of this situation to buy bitcoin regardless of whether there is a bet or no bet because bitcoin can give us big profits in the future. We don't need to follow bets that we can't do.

Dave1

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I'm not sure about this bet though, I mean do we really go to that extremes to point something.

If bitcoin will go to $1 million in the future, then so be it, just like it flow normally as we all know that it's price will go on a massive increase in the next bull run. But I don't think we need to put a bet on the line here, and I don't like this of idea of one person, in my opinion.

fadhilz123

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Quote from: Kadal Ijo on March 21, 2023, 05:54:10 AM

Very promising challenge with 1 btc can earn $1 million, if i have 100 btc then i don't hesitate to participate, same as in 2015 i spread about 15 btc for gambling, HYIP, cloud mining and many other programs, that time i lost more than 4 btc or almost $1200, value at that time, and for now i don't have any bitcoins, even the value in the wallet is only about $350.

Why at that time did you not save the Bitcoin you already had very well? Even though you can become the next rich person in 2021 if you want to save the Bitcoin you had in 2015 by not throwing it into that useless place. I can't even imagine you wasting 4 Bitcoins at that time even though it's billions in 2021. Now most people are struggling to find Bitcoins to get abundant profits, but you know how hard it is to get Bitcoin now? Except for those who may buy directly in the market because they have a lot of money.

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