Topic: Dare to take such gamble? (Read 624 times)

Sometimes the world is strange, many people do crazy things but they like it, and if we pay attention since bitcoin is getting more popular then many people make bets with price predictions, even I have gambled on a site that only guesses whether the price will go up or down within 1 hour up to 1 month.

Well, if he could really make out that kind of bet or that certain amount then for sure its not an all in type of bet but i do agree into the fact that this is really just some sort of boosting up his popularity
and just trying to get more attention by having this extreme positive approach towards Bitcoins price in 90 days but definitely he would lose on this one.This is for sure because we cant really be able to
shoot up that fast considering that we've been struggling on breaking up points.How much more on a million per coin? Im not saying its not possible but it wouldnt really be a short time.
It might not even happen in our lifetime if ever we do talk about million per coin.Sometimes hearing off these things do really makes me irk... 

Do you really think that he will be worried at all? He wouldn't, even if he has to pay the money, it wouldn't bother him much, besides, we don't know if anyone has accepted that and did what he asked for, and if someone did, how would we know that the guy standing against him isn't someone he has asked to do so only for the public to see?

It all could also be a tactic to create some hype and pump the price of Bitcoin a little bit, but we can't really know. What he predicted, even if his prediction turns out to be just 10% true, we should still be good, lol.

This is a most do for anyone who has the money to buy a whole unit of Bitcoin, even though if not for the speculation of the 2 million dollar price,  BTC will still offer a profitable asset to hold for long term base even beyond the speculated 90 days ops predictions.

-I guess we will have some steel hands investors would have taken advantage of this bet by acquiring 1 extra unit of Bitcoin.

I was very surprised to see this news. Balaji tweeted on his official twitter that he bet $2M USDC. And predicts Bitcoin will hit $1M within 90 days. But hearing this news, everyone feels that it will never be possible. And I also think it is absolutely impossible for Bitcoin to reach $1M in this short time. But it takes a long time for bitcoin to reach $1M and I believe that after 10 years there is a possibility that bitcoin will reach $1M.

As many have said, what he's doing is just trying to get noticed and find a way to become more famous. He won't have to worry about paying anyone because he's not stupid enough to accept a bet with someone even though he's the initiator. I know that anything can happen, but this is complete nonsense, complete bullshit if we take it seriously. I believe the next bull season also does not guarantee bitcoin to hit $500k, let alone $1 million, in such a short period.

For sure Balaji is really in doubts and fear or might be worrying now, if we do look at on the price which it do really have that up and down but not really be able to break up that $30k price.Just like you do said that

how much more on needing on breaking a million? 90 days time is too short and wont be enough and as days passing then Balaji is surely having those worry yet he would likely to pay up that bet on someone

who did dive and make a counter bet with his approach about btc price. Lets see on how this thing would end up whether we would be reaching out that price (impossible) or would really be
still playing around these ranges after 90 days.

And those bulls should really be thinking up this way, we do even have a hard time on breaking lots of strong resistance.How much more on considering on reaching up a million in 90 days time? It cant really just be that possible no matter what angle you would be tending to look at.There's no way that this bet would turn out to be a win because this isnt how this market behaves nor works.We would be needing that extreme adoption
and bank failures and crisis for this thing to happen but we arent seeing that thing severely.It is really just that bets turns out to be stirring up communities emotions and insights
but for those who do go for realistic approach would really be telling this thing to be impossible.

It is commonly speculated by those who follow bitcoin's 4-year cycle that ATH will be after halving, possibly in span of 1 year after the halving event happens.  More or less it would be on or before 2025.  And the year 2025 needs way more than 90 days to reach.  



If you watch how Technical analyst predicts prices, they always have this "if" statement and need certain conditions to be able to release a statement.  They always provide at least two way path( up or down) for BTC (the third one is sideway) since they know that the market is ever-changing.  So by that statement, price cannot be predict accurately because of the variable factor and there are too many of it in the market.



There are only some factors, supply and demand, adoption, and government regulations.  if the government goes along with massive adoption and huge demand, it can easily overweight the supply which can cause a massive surge to Bitcoin price.

Maybe, if I speculate with a value of $ 2 million, in the near future it will be legal what @balajis is doing, I might have the courage to do it, provided that $ 2 million is not borrowed money or someone else's.

I once made a speculation referring to a short investment within 100 days, but my capital was not as big as @balajis's, my speculation was that the Bitcoin price had decreased, but I don't focus on fundamental speculation, I tend to focus on price movements within 100 days, but I did it successfully.

At that time I focused on the Bitcoin price of $ 20k when the Bitcoin price moved at a value of $ 23k I did not sell, because my capital was small, maybe if I had capital like @balajis it was quite clear that the profit was on my side with $ 2 million in capital at that time Bitcoin only $20k, of course I pocketed 100 Btc, of course I have won $ 300k profit, with the value I bet in Bitcoin, of course I dare to do that.

don't go so far as to aim that bitcoin should reach $1 million. Just need to think in this short time, is bitcoin able to reach ATH? if Bitcoin is capable it will also take time, as you say. Nothing can be achieved instantly. Even though the price of bitcoin fluctuates, it cannot be predicted accurately. There will be many factors that influence why it can't reach a new ATH or $ 1 million

I would definitely take if it was hundred thousand, but I think is way too son for  this number. maybe next year though, anyway we should expect a bull run soon.

The predictions are right or wrong, but at least you need to have some basis or reason for your prediction, not you say what you think, and I don't see how this makes Bitcoin more popular. This is not how bitcoin became popular. I have the same thoughts as some of you here, he's just trying to get more attention but with tricks like this, people won't believe him anymore. For me, Bitcoin may hit $1 million, but not in 90 days or in the near future. We need a lot of time for bitcoin to do that.

Sometimes to make bitcoin more popular it takes predictions from figures or influencers like Mr. Balaji, if he is right then he will be popular and if he is wrong of course it is normal because wrong prediction is common, unfortunately I am not interested in betting with this system, and the reason is because I don't have $26k worth of bitcoins.

I would say that there are a lot of people who try to get a lot more famous by saying crazy stuff and that's the bad part about the crypto world and the social media world as well. Even when it is not about crypto, there are a lot of people who do all kinds of extreme idiotic things and say those things just to get attention.

Doesn't need to be a good attention, it could be a bad attention, as long as they do what they should, they will flock to some community who will support them and they will do whatever they can about it. I personally do not believe in this at all, but there won't be really anything that would be more moronic than this type of gamble.

Yes, the man is looking for attention on his social media profile. Of course he isn't going to make an official agreement with anyone to place a bet like this, because it's nearly impossible bitcoin is going to cross the 1$ million dollars barrier on the next 90 days and he wouldn't dare to risk such amount of money.

The tactic of saying something absurd to get views on the internet is popular and widely used by a plethora of social influencers right now. By doing this, his profile is actived by the platform's algorithm more often, displaying him to potential followers. It's a smart marketing strategy, especially inside the niche of finances, since there are lots of users on these platforms looking for advices regard investments.

Strange predictions are indeed made by many people, when these predictions are correct then the tweets that have been for years will be busy again because of the praise of many people for that person, I've seen tweets about predicting the price of bitcoin can reach $ 50k and that person now has a lot of followers because he often guessed right.

You reminded me of that "McAfee cutting his dick" again.
He already died (RIP), but Bitcoin didn't even reach 6 digits yet. Well, I wish he can still see Bitcoin reaching a million dollars after 2 decades I guess.

Well, I wonder if how many people will dare to take this gamble. That poster will let you buy 1 BTC, the price of Bitcoin will rise up. I wonder how many investors are needed to buy 1 BTC in order for it's price to reach a million dollars, and take note, there is a time horizon for it which is 90 days.

One thing more is that, "PAST PREDICTIONS DOESN'T MEAN THE SAME IN THE FUTURE". Yes that user might have correct predictions, but is it always the case? Even most of Nostradamus' predictions ending up as a fail, and doesn't happen. Same with here. The user's past predictions doesn't mean that he will be correct again. Like you OP, I also find it impossible to happen, and for sure most of us are thinking the same. A million dollar per Bitcoin in 3 months is impossible. A million dollar per Bitcoin in 3 decades sounds realistic to me.

I care nothing about this intention because obviously this is not my area to take . instead what I was looking is for my site to gamble and my bonus or rake back to accumulate .
 and that is exactly what i was thinking , the man can afford any amount but us? how can we?

this is of course for popularity either the coin or His name .

A bet like this looks ridiculous, currently the price is only around $ 26k and it needs a fantastic increase to reach $ 1 million, if the current price is $ 900k then I dare to participate, to make noise sometimes things like this are what people deserve to be famous.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

Not in 90 days, but who knows in a few years?

If it's said by an ordinary person, then many people will say illusion and if it's said by an influencer, then it's very likely that people will see something different, even if what the two say is sometimes wrong or true.

I mean the level of trust that someone writes on social media will depend on how big their followers are, it will have an impact on him in making a profit. But it will be quite different when people talk about bitcoin, since there has been a lot of evidence against his strength over the years and reaching $1 million USD is only a matter of time? this isn't a systematic number problem like a mathematical calculation formula, so can it be faster or slower?

It will definitely reach 1million someday but it will definitely not do it in next 90 days. If it does that, it will either be on a particular exchange (fake price jump) maybe for a few seconds lol. And there will be as many poor ppl as the riches, since for every 1million$ price seller, there is going to be a buyer who is rekt later.

In USD terms, yes. In sats, they're not.

You have a point in what you said, but I don't know what could happen in the future. This @balaji has the guts to say such a thing because as far as I can see he is really a risk-taker.

What if the time frame period he said suddenly comes true, apart from his sudden wealth, he will also become popular instantly because of his posting like that on Twitter. Because, we still don't have the decision and thoughts of investors, if more people suddenly buy bitcoin after saying something like that, it can also help raise the value in the market, right?

Predicting 1 million USD and betting on it again is very scary but this event shook it up in the crypto space. If bitcoin reaches 1 million in 90 days, I don't know how much the number of riches can increase but it will create new horizons in the crypto world. This is not a main perpose but what I want to emphasize is that Bitcoin is clearly going bullish soon. Every day its volume is increasing in this market. The journey towards ATH is starting again. Meanwhile, other altcoins are also gaining momentum. The good side has been revealed in the bettor's Bitcoin predictions.

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.

Legit mate , that is the reason why that tweet was created for His again popularity and also maybe to pump bitcoin ? well that is His own reason to tell.

But I would rather purchase bitcoin than to put bet and gamble with this person.

if we truly trust bitcoin to reach that level then why not buy then than doing this kind of risk.

so my answer is clearly NO.

I cannot afford to lose 1 BTC but if I have it I will take this challenge. Even if that 1 BTC is all that I have, I will grab this challenge. This isn't like gambling at all. This isn't about luck or expecting any random result. This is about how you see the price 90 days from now. And I don't see it reaching $1 million USD. I can bet any Bitcoin I have right now that it will not happen. How I wish it will happen. It makes everybody here happy, but if we are to be realistic we all know it is next to impossible.

Nope.

I'm good and I'll just use that money to buy more bitcoin instead of gambling it while it's not going to cover all the amount for buying bitcoin. I'll spend it in many ways as I can and enjoy with it.

I also have my doubt but that's plausible that he's capitilizing the moment so that all eyes are on him. And that's the more possible thing and that is to make himself famous while we're seeing the price of bitcoin going up.

This is the same on the time that McAfee did predict about a million per btc but later on he did said about that prediction as nonsense.

https://cointelegraph.com/news/john-mcafee-calls-his-own-1m-bitcoin-price-prediction-nonsense
So this one is an another claim about reaching this price point and lots of people been saying that this would be a 2.0 on what John had said on those old years.

Lets just all be realistic because it would really just annoy or disappoint you if you do make yourself get in line with Balaji in trying out to tell that Bitcoins price would reach up $1M per coin which it is really that impossible. People are really just easily get dragged with the hype if there's someone do make out some claims about particular price points without even trying to check on what the overall total market capitalization if
ever the price would hit up even on $500k. I cant imagine or cant really be that possible on reaching out a million. Not to be sour but lets just that realistic so that you wont really be that
getting disappointed after 90 days. 

That guy is just doing it to make a trend and make himself popular. I really, really doubt bitcoin reaches $1 million in 90 days. If only I have a lot of bitcoins, I will take the bet although that guy is most likely not going to respond. Bitcoin is now worth $544 billion and if ever a single bitcoin reaches $1 million, the whole market capitalization would be around $20 trillion. I even doubt a single bitcoin reaches a price of $1 million in 2025 which is the usual time a heavy bull run happens. I would love to see bitcoin reach a million dollars but I am more realistic in my assumptions.

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.

Not sure if there will even one of us to take that gamble but surely I am not lol because I hardly gain my Bitcoin and putting in this kind like that will hurt me so much.

but we don't know , if one time I won a lottery ? i will take that challenge and will even double the gamble for him 

If I had the money to risk a single bitcoin on just one bet I will take it, but that is a lot of money, and even if I think the chances of bitcoin reaching one million dollars in just 90 days are very low, we must never become overconfident about the chances of winning a bet like this.

After all there are many examples of people that took bets that seemed completely impossible to lose and yet that is exactly what happened to them.

The reason why he is choosing $1M because he wants some new retail trader to read this and figure he might be correct and they will dump all their savings into Bitcoin and it’ll go up a bit before heading back down.

It’s no different than people thinking doge will go to $5 or $10 or so. People saw it was $0.50 and figured it would hit $5 at least because it’s a low number and they would 10x their money. However they had no idea how large the market cap would need to be to achieve that.

Bitcoin price may hit $1 million, but not within 90 days from now, I confidently say his prediction is wrong. I suspect that what he is doing is to attract others, to turn himself into a market influencer for his own gain, as many others have done. I don't have enough money to bet but I believe many people will bet if what he says is true. It can be said that if someone bets with him, there won't be any risk, as $1 million per bitcoin this year will never happen.

At first, I really find the target unbelievable because as you can see, it seems it's like a joke, and if you calculate the price target of this guy, it's $1m. It's a very huge number.
But the explanation of this guy is fantastic and I became curious about it. What's my take on his prediction is maybe his price target of him will not achieve in 3 months, but it will be achieved in some period of time and the reason is he is right.
This is the best prediction, there is a basis and explanation.

Well, a crypto guru can just predict what possibly come next but never know what exactly happens. They are a lot of people proclaiming themselves as a guru but guess what, they are making more out of their speculations to innocent people. Come to think that if they really can see what will happen a few days from now, I would think they are very rich and have no need to come to this bet just to lift their reputation and name. Instead, they keep on silent and trade. But they are doing this to try to trick people and to think we should have to gamble for this? I'd rather keep my 1BTC rather than do this as what if he never pays you if he loses? Can imagine the risk, lol.

If i would be having that $2M to bet.
I would definitely going against Balaji and would really be having that counter bet on what he's trying to prove out on here. Even us Bitcoin community or supporters doesnt really believe
about this unrealistic approach.Yes, who doesnt really like on having 1m/coin ? All of us do wants to see but to mind off realistically on how it behaves or moves or even other
considerations like marketcaps or anything attached to it then it is really that impossible for us to reach in just 90 days which i could say this man would become
that McAfee 2.0. hahaha

I also think Bitcoin price will reach $1m but not this within 90 days.  I think betting against Balaji Srinivasan is a sure win.  That is almost a free 1m USDC.


I do not think that this problem with banks and hyperinflation is strong enough to push the price of Bitcoin to $1m in 90 days.  It would be if no one sells and just hodl their BTC and let the demands pile up, But people are keen to profit so whether we wanted all the holder to hodl and wait for BTC to reach $1m, there will always this individual that will sell their BTC whenever he saw profit.

I wouldn't take the bet but I'd be watching the bet whoever takes it. Whether it goes $1M or not, I'd just be happy to witness and see that it has happened.
I've seen too many speculators and popular ones that have never exactly hit the predictions that they've made even with bets. We all know that it has started with *RIP - John McAfee and then the rest follows. But if Balaji really knows what he's saying or this isn't just all about the hype and exposure for bitcoin through this bet then good luck to him and we're all gonna be beneficiaries if it happens in 90 days. Honestly, I've just taken a peek on his Twitter account and there are a lot of insightful things about what's happening in the banks and US markets that he's sharing about.

As you stated that it's a gambling, but from my perspective I did not get it that way, venturing into this kind gambling that means you have to know it too well from my observations, but from other perspective I seems it as scam because I know that this kind of gambling doesn't result out good.

There were tons and tons of people that wanted to take that bet if you read his twitter replies. Whether or not he actually put $2M hasn't been confirmed yet.

This bet doesn't make sense because you can just buy $100K Bitcoin options for much much less. And the opposite side of the better, he can just buy 1 BTC when he takes the bet and he will be hedged perfectly.

He did this to generate interest and make people scared of hyperinflation and get people to sell all their assets and buy bitcoin. He most likely is long spot bitcoin and wants to pump bitcoin and sell in the $30-40K range.

I don't think 3 months is that far but if were too speculate, 3 months may only add $30k or more in the price of BTC but there is no way it can exceed to $100k. So 1 million USD for BTC in 90 days is kinda impossible. If he thinks no one will take the bait, well he was wrong and as we can see in the pic provided by the OP, there is one guy already who gladly take the challenge and they are now looking forward on how they can make this possible.

I bet the guy who promoted this was shaking in fear now and maybe he will announce that he is backing out. Waiting for 90 days and say that it was only just a joke is going to cause him a big trouble.

Expecting Bitcoin to hit $1 million in the next 90 days is hoping too much and stretching one's imagination too far. For me, it will even be a surprise if Bitcoin gets to $200k in the next bull rally to beat its current ATH which is $68k+. I know such FOMO is good for price expectation but that's not the right way to go about it.

That's a one sided and handicapped bet. I said that because we know (or I should think we all know) that price won't ever get there in 90 days. So, why indulge the bet?

I believe that bitcoin will be 1M$ each, but not just in 90 days from now, though, yes the price value of bitcoin is volatile. Which can rise quickly and can also fall quickly. That's why there is still risk in investing here.

       But anyway, that's his prediction and all of us can give a prediction on the value of bitcoin and there's nothing wrong if we do it. Even if what he said happens, everyone who holds bitcoins will win, that's just how easy it is to accept.

There is one possibility that could push US into a massive hyperinflation and the massive dump of US dollar followed by bitcoin price shooting up to the moon (over $1 million). That is if after US regime printed the trillions of dollars to bail out the banks that are collapsing one by one and tried to revive its economy with a high inflation, China strikes hard by dumping the massive amount of bonds they hold effectively burning the US economy to the ground in one swift blow.

Part of me will believe BTC to be $1M actually. Maybe it will not be achieved in 90 days but longer like 10 years or so. It's just too fast that price will discourage people from buying BTC after it hit $500K.

If you watched the news these days about the banking crisis, it's getting worse where some economists are forecasting USD joining the Zimbabwe dollar. And this is besides countries dumping the dollar reserves. If this is all coming up together at once, hyperinflation comes.

I don't know or understand anything about this guy.  With bets in the bitcoin race hitting such a monstrous price in just 90 days, I would first think about the hack of his account.  The current trend is optimistic but most of us understand that bitcoin is not in a bull cycle, meaning that the gains will correct continuously and despite the established market restructuring.  Bitcoin has amazing volatility but mostly I'm suspecting a lie/hack or a joke from him.

I can't believe bitcoin would reach 1 million USD in such a short amount of time, and I can't believe he actually placed that bet either.
I don't know what the purpose of him writing this kind of thing is. is it just a joke? this is not funny. gambling ? he better play on gambling sites. FOMO? very unreasonable.
what is clear is that I'm sure most people who see the writing don't believe in the writing either. and I also believe that he will not give the promised 2 million USD.

I hope he's not as serious as he says he is. Don't take it, he's probably fueling your desire to gamble, $1M is super hard in 90 days.
I don't know how much money has to flow into the market to get $1M worth of bitcoins, that's huge. Then I'll dream of buying a Lambo after that. LOL

The man is free to do so especially if he doesn't know where else to throw his money. Kinda crazy, super crazy even, but I think she's just having fun. No seriously, it's just a pre-April joke.

Am I the only one who is a little infuriated and annoyed when I see so-called influencers and analysts making such extravagant predictions? Not only does it not yield any positive outcome for the community or the market, but it also may frustrate newbies. I don't doubt Bitcoin's capabilities, but claiming something so extreme is completely out of bounds. Anyway, his prediction is certainly not going to happen anytime soon, if at all.

Everyone must have their own analysis, and this includes the person who opened the bet within the 90 days. I'm going to talk about logic only even though it's a gamble. People who can afford to lose that much money, surely he is ready to lose or he can get the money he lost in a short time. As for us, especially me, I can't make 1 bitcoin in a short time, so I'll think again about taking the gamble. I'm just being realistic in responding to things like this, who wouldn't be tempted by that kind of money? but then again, who is ready to lose a lot of money too? I personally am not ready, because I don't have that much income in a short time, unless I have a large income and can collect 1 bitcoin in a short time.

I would bet against that all day long. Anyone would. If you owned any BTC at all this would be free money basically. If the price does go up that high then you’re insanely rich from your holdings, and if it doesn’t then you win a ton of money from someone who let his mouth write a ridiculous check that anybody would cash if given the opportunity to do so.

Such news is nothing but mockery. Where Bitcoin has repeatedly prepared to go to 100K but failed. $1 million in just 90 days is an unimaginable feat. He also bet on it. If this had been a sports match I would have believed that this win could have been fixed. But Bitcoin has no control over anyone. How can set such a big bet?

If I have money I can bet against Balaji on his dare about Bitcoin reaching $1m by 90 days.

Though the bet offered by Medlock is about the US not going to experience or enter hyperinflation.



Balaji take the bet and instead give his term of Bitcoin reaching $1m because of the US hyper inflation.


Besides Medlock Balaji also bet another $1m proving his point of view.


Balaji Srinivasan also stated:

---

In my point of view, US may enter hyperinflation but I do not think that Bitcoin will reach $1M  in 90 days, I think that is too early for Bitcoin because the hype of the market isn't fully geared yet.  Balaji may have a greater chance of winning if the bet is done after the Bitcoin halving of 2024.

---

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

I would definitely make such a bet (whether the twit dude meant it or not) BUT only in bitcoin not in dollar. Meaning if I had a million dollar worth of bitcoin (that is 36.21BTC with current price) I would put it up only against another 36.21BTC and I'd say price is not going up to $1 million in 90 days.

My reason about the rise is simple, it is impossible to see a 3750% rise in 90 days. The market is too big to see that kind of rise in such a short time. If it were until the end of the year (specifically next winter where the energy crisis is 10 times worse than previous one in the West) then I'd say the chances are a lot higher.

My reason for refusing dollar is that we know dollar is being dumped as more and more countries abandon it and we know that US economy is collapsing slowly as it is evident by the banks that keep going bankrupt. Dollar in my opinion is the most risky currency in the foreseeable future, which is from now till at least next 5 years. $1 million today may not be worth that much in 90 days. Although I also have to say that this doesn't mean I think US will enter "hyper" inflation (as this bet seems to be about), that bet is also silly. Higher inflation for sure but not hyperinflation.

Not to mention that bitcoin for bitcoin is easily done through the 100% secure bitcoin smart contracts inside the immutable bitcoin blockchain without needing to go through a shitcoin specially not a centralized stable shitcoin like USDC.

Balaji is actually famous, I just learned from a youtube video just today that he seems to be an insider in finance. He seems very confident about what is going to happen so that's the thing that made him bet.

But the majority would definitely not agree with what he is saying. It's just too fast that it will happen in 90 days. It hasn't even hit $100K which was supposedly the target in 2021.

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

You're not the only one we are many here that do not believe that Bitcoin even if the prediction of the dollar's deflation could push the price of Bitcoin to reach $1 million, we are talking of 90 days of always believing the price f Bitcoin could eventually go to $1 million but its a gradual move just like what we've experienced in the past and until now

The one who made the challenge is willing to win or lose based on his status but it's the kind of challenge we here in the Bitcoin community knows how the market move will not create because who among here believes that in 90 days Bitcoin will reach $1 million.

If I had more than 1 Bitcoin in my portfolio I would surely take this,I would take 1 million dollars as for 90 days I doubt Bitcoin price will be more than 100.000 dollars let alone 1.000.000 dollars,I know in the long run Bitcoin price may surpass the amount but in 90 days I don't even think this is a gamble,for me this is just plain free money that the guy doing such thing can afford to lose 1 million dollars.

I know though that most likely this is not true from the Twitter page he just has thrown this kind of gamble for fun but if the guy truly want to do this,I can borrow 30k buy a Bitcoin and do the gamble because as I said it is free money or even better the guy sends 1 million dollar and I give him back 1 Bitcoin,for 90 days there is no risk for me .

Ypu are right brah,.as we all know that still 1 Bitcoin is worth 27000 dollars and everybody cannot afford such money.
By the way he was just joking and that was tweet and that's why just don't take it too much serious too. So I will say that just chill bro. And now they are using these tweets for the bull trap too. So just be careful.

90 days is 3 months time, and the predicted amount is way way too far from the current btc rate. maybe, he knows no one will take the bait so he is bold in giving such dare. we all know, that's not gonna happen. wonder what he will do afterwards if this prediction won't happen? maybe, he will say he's just joking or of that effect.
even if i have the money, i will just buy my btc on my own and won't play with his game. if he is very sure of what will happen, then, he should be buying lots of BTCs by now. he doesn't need anyone to be in his little game.

There are much angles to this challenge and why must he use a betting strategy to drag people attention as a way to make them believe his prediction should be true since he's ready to place such amount of a million dollars as a challenge. All of these are ways to also cause traffic on his twitter handle and we all understand the benefits of high traffic and followership on Twitter. I believe bitcoin can hit any price in the next day, week months or year but for someone to come giving me figures with precision supported with a bet bargain then I have to be careful cause this is too good to be through.
Even if I have billions of dollars in my name that losing a million dollar wouldn't have an effect on me, I rather put in that one million dollar in buy bitcoin anticipating for his so-called prediction for the next 90 days stead of using it to challenge his prediction. One gat to be wiser mate!

I'm not going to do it because it's too risky, even though I know that the price of bitcoin could reach 1 million dollars. But still, I take the risk to buy 1 BTC and keep it till 90 days later. I'd rather stick to DCA in buying bitcoin than buy outright and go along with the betting.

Maybe he could be right with his prediction but also wrong. But maybe some people will follow the bet by buying 1 BTC outright. I'm curious about who is willing to take the risk to buy 1 BTC outright and how it will turn out.

This is a gamble and anyone who is able to provide 1 bitcoin or can afford to lose a bitcoin can engage himself with the game. I so much love such game being that within 90 days bitcoin will get to a million dollar. Now what is the certainty of that to happen is what we can't still unveil till date but could it be this might be the cause of SVB effects?

Well why not, I'm not an expert in price speculation but this $1 million bet in 90 days reminds me of Mcafee's bet of cutting his cock if Bitcoin did not reach $1 million by 2020.
I'm not saying his prediction is impossible but the logic behind the $1 million in 90 days is quite hard to comprehend as the US will do everything for the dollar not to experience deflation, I like Bitcoin to reach I guess we all do but the US government are smart enough to let their dollar suffer deflation.

True since we have different perspective when doing this bet especially the difference with wealth and assets. From the OP mentioned the guy who tweeted that bet surely can afford to lose a huge amount of that money. If its not true then he might doing it for the likes and retweet to gather more followers. But he seems like he could actually what he posted since he have a checkmark in his account which looks legit. As for myself 1 bitcoin worth a lot to me that I will surely sell and invest again due to needs of money. But from my experience, I haven't seen people who would really send that amount of money from twitter I actually seen a lot of post like the OP posted. If its true then he is really rich!

I will take that bet cause I am damn sure that Bitcoin will not reach 1 Million in the next 90 days even if we are talking about 100K I will go for it.

Can you afford to lose 1BTC is subjective to our financial status but I don't believe in those kind of challenges since they are creating it for attention and nothing else so don't lose your hard earned money by lucrative challenges or bets.

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

Precisely! If $30k or so doesn't hurt you that much then you can go and try to do the bet. Same calculation as to how much you'll earn in the timeframe of 3 months since he's giving you 90 days. Well, personally if I were offered that much and I have the capability to earn more than that within a month then I'll try to gamble, not due to TA's or anything but just pure gamble. Besides there is also no assurance that Bitcoin will reach $1M within that time frame, there's also a high chance that the price will stagnate to that amount for a couple of months or so. The odds are against him too and you can buy more after the gamble if you felt like it so it's still a win-win situation for me. How I wish I could make that much money in month.

If you can afford to lose 1 BTC, why not?

Every person have different total wealth and how much they can make in one month, a rich person can afford to lose 1 BTC, similar like the twitter account you posted above where he can afford to lose $1 Million in USDC.

But if you ask me, I can't afford to lose 1 BTC, of course I will not take such challenge.

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? 🤑🤑🤑