not with those kind of bets you won't. I joined this forum just to try and get a slice of your bet
Welcome to the forum!
thanks!
Topic: [Filled] PROP BET: Bitcoin crashes harder when Mt Gox reopens (Read 2624 times)
Welcome to the forum!
thanks!
not with those kind of bets you won't. I joined this forum just to try and get a slice of your bet
Welcome to the forum!
Bad luck mate!!
I have the payment, thanks for the bet!
The more "right" you are the less your bet is worth. how do you ever want to be on the other end of that?
I asked him that in PM, and said that if he was that sure the price was going down he should sell at $70 on one of the exchanges that were up while Gox was down.
He told me that he wanted to sell but didn't have an account on any of the exchanges that were up at the time.
I guess if you're sure the price is going to halve and you have no way of selling then betting that it will halve is a good way of protecting yourself. If you're right you end up with twice as many coins so you've lost nothing.
Blockbet - congratulations. I'll get you next time! 
not with those kind of bets you won't. I joined this forum just to try and get a slice of your bet but I was newbie restricted. your bet is a scaled down version of betting money on the world to end. if you win its immaterial. in this example if you win your bet you won 1.5 units of something losing value and if you lose the bet its 1.5 units of the same thing appreciating in value. The more "right" you are the less your bet is worth. how do you ever want to be on the other end of that?
Blockbet - congratulations. I'll get you next time!
not with those kind of bets you won't. I joined this forum just to try and get a slice of your bet but I was newbie restricted. your bet is a scaled down version of betting money on the world to end. if you win its immaterial. in this example if you win your bet you won 1.5 units of something losing value and if you lose the bet its 1.5 units of the same thing appreciating in value. The more "right" you are the less your bet is worth. how do you ever want to be on the other end of that?
DD if you have places to go, then send blockbet his winnings. I have 4 1/2 hours left and will need the price to go down 50% to win.
If something really strange happens and I win, then I hope that blockbet would settle up with me. But the chance of that is so small that I don't mind if you pay out now.
Thanks again.
Blockbet - congratulations. I'll get you next time!
You're great! I'll send him his winnings now, then.If something really strange happens and I win, then I hope that blockbet would settle up with me. But the chance of that is so small that I don't mind if you pay out now.
Thanks again.
Blockbet - congratulations. I'll get you next time!
Congratulations blockbet! Transaction ID: 3efc5f5adfa4b7b7a1749baaa0d887f30edd050297cc8665262215337cec7b34
DD if you have places to go, then send blockbet his winnings. I have 4 1/2 hours left and will need the price to go down 50% to win.
If something really strange happens and I win, then I hope that blockbet would settle up with me. But the chance of that is so small that I don't mind if you pay out now.
Thanks again.
Blockbet - congratulations. I'll get you next time!
If something really strange happens and I win, then I hope that blockbet would settle up with me. But the chance of that is so small that I don't mind if you pay out now.
Thanks again.
Blockbet - congratulations. I'll get you next time!
Looks like the real crash is taking longer to happen than I first thought. It's not looking good for my bet. Hehehe.
I think Gox was down ~2 hours. So we'll officially conclude at midnight Eastern time.
You can use the same address that I sent to you if the price suddenly tanks. I'll have limited Internet access this weekend, but I'll catch up with everything on Monday.
Since I'm almost certain I'm going to lose: Congratulations blockbet, and thanks DD for handling escrow.
Hey,I think Gox was down ~2 hours. So we'll officially conclude at midnight Eastern time.
You can use the same address that I sent to you if the price suddenly tanks. I'll have limited Internet access this weekend, but I'll catch up with everything on Monday.
Since I'm almost certain I'm going to lose: Congratulations blockbet, and thanks DD for handling escrow.
Would you mind if I send the 3 BTC to blockbet.net now, so I don't have to send it to him at 4 AM tomorrow?
If you don't feel comfortable with that, it's perfectly fine (and I'll send it to him tomorrow), but I'd figure it can't hurt to ask.
On my escrow address, it says I sent 1.5 btc to someone. It was actually only some of my personal BTC, but it sent it from that address instead of the one with my personal BTC. I still have the full 3 Bitcoins.
http://grab.by/lAKI
http://grab.by/lAKI
Looks like the real crash is taking longer to happen than I first thought. It's not looking good for my bet. Hehehe.
I think Gox was down ~2 hours. So we'll officially conclude at midnight Eastern time.
You can use the same address that I sent to you if the price suddenly tanks. I'll have limited Internet access this weekend, but I'll catch up with everything on Monday.
Since I'm almost certain I'm going to lose: Congratulations blockbet, and thanks DD for handling escrow.
I think Gox was down ~2 hours. So we'll officially conclude at midnight Eastern time.
You can use the same address that I sent to you if the price suddenly tanks. I'll have limited Internet access this weekend, but I'll catch up with everything on Monday.
Since I'm almost certain I'm going to lose: Congratulations blockbet, and thanks DD for handling escrow.
We can add two hours to the clock, so I'd suggest to end it at 04 UTC. I'm quite certain that at this point, it won't drop below $57 (apart from a few minor transactions), during the weekend, and hopefully never.
If I win and there are no issues, you can send it to 1NPR4t6saVWuJMt9UmaGk5DLfTsqoMFazc. Feel free to take 0.1 BTC as a thank you for helping us out, so send 2.9 BTC any time you're free to do so, no hurry.
So 12 PM EST. Thanks If I win and there are no issues, you can send it to 1NPR4t6saVWuJMt9UmaGk5DLfTsqoMFazc. Feel free to take 0.1 BTC as a thank you for helping us out, so send 2.9 BTC any time you're free to do so, no hurry.
We can add two hours to the clock, so I'd suggest to end it at 04 UTC. I'm quite certain that at this point, it won't drop below $57 (apart from a few minor transactions), during the weekend, and hopefully never.
If I win and there are no issues, you can send it to 1NPR4t6saVWuJMt9UmaGk5DLfTsqoMFazc. Feel free to take 0.1 BTC as a thank you for helping us out, so send 2.9 BTC any time you're free to do so, no hurry.
If I win and there are no issues, you can send it to 1NPR4t6saVWuJMt9UmaGk5DLfTsqoMFazc. Feel free to take 0.1 BTC as a thank you for helping us out, so send 2.9 BTC any time you're free to do so, no hurry.
Alright, one problem: I'm going out of town tomorrow. I can wake up early and finish the escrow transaction, but I need both of your Bitcoin addresses now in case you're not here tomorrow morning.
Please either post them here or PM me with them.
Please either post them here or PM me with them.
I'm not sure, but I posted my message soon after I saw it back online. I suppose total downtime was maybe 1-2 hours.
Ok. What time do you want to end the clock? Is 12 tonight good? IveBeenBtc: If you can confirm this when he says it, that would be cool. BTW, I'm not going to be awake then, so I'll check it first thing in the morning.
I'm not sure, but I posted my message soon after I saw it back online. I suppose total downtime was maybe 1-2 hours.
MtGox is back up. We can add a few more hours to the clock if that's okay, I'm quite confident that it won't go below the minimum.
Just so I can make sure to do this correctly, what time, exactly, did it go back up?
MtGox is back up. We can add a few more hours to the clock if that's okay, I'm quite confident that it won't go below the minimum.
Well, this is interesting. MtGox seems to be down again.
What if MtGox is down for significant periods of the bet's 24 hours? That helps the price not drop below $57. What if there's a single trade below $57 and then MtGox is down for 4 hours? Is that 4 hours below $57?
It's looking like the price is staying above $57 for now, so hopefully that won't be an issue, but what if?
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