Topic: [Filled] PROP BET: Bitcoin crashes harder when Mt Gox reopens - page 2. (Read 2624 times)
Well, this is interesting. MtGox seems to be down again.
Sorry, I've been offline for a couple of hours. I came back to check if you guys still needed an escrow, with plenty of time before Gox reopens, but I see you've already got it sorted out.
If there's a crazy-ass spread, then there will be lots of trades on both sides of the spread. If the spread spans your target price, I'd count that as a loss, since trades will happen both above and below your price.
I sure hope the price doesn't collapse when Gox reopens. I'm betting significantly more than 1.5 BTC on that...
If there's a crazy-ass spread, then there will be lots of trades on both sides of the spread. If the spread spans your target price, I'd count that as a loss, since trades will happen both above and below your price.
I sure hope the price doesn't collapse when Gox reopens. I'm betting significantly more than 1.5 BTC on that...
Depending on the exchange - coins are going anywhere from $75-99 right now. What madness! 
IveBeenBit: Can you send 1.50001 or something, just so I know it's yours?
Blockbet.net: You can just send 1.5.
Blockbet.net: You can just send 1.5.
Shipped BTC1.000057.
Thank you daniel daniel and blockbet. Let's have fun.
And let the good times roll!
Reminded me of http://www.youtube.com/watch?v=e_7Rzty6xjg.
Love is nice when it's understood... Even nicer when it makes you feel good!
You got me trippin' why our love is old....
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
IveBeenBit: Can you send 1.50001 or something, just so I know it's yours?
Blockbet.net: You can just send 1.5.
Blockbet.net: You can just send 1.5.
Shipped BTC1.000057.
Thank you daniel daniel and blockbet. Let's have fun.
And let the good times roll!
Love is nice when it's understood... Even nicer when it makes you feel good!
You got me trippin' why our love is old....
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
Come on baby, let the GOOD TIMES ROLL!
IveBeenBit: Can you send 1.50001 or something, just so I know it's yours?
Blockbet.net: You can just send 1.5.
Blockbet.net: You can just send 1.5.
Shipped BTC1.000057.
Thank you daniel daniel and blockbet. Let's have fun.
And let the good times roll!
Mine sent. Thanks danieldaniel for the help!
I got both of them! I will be looking at the aforementioned chart at 7:25 tomorrow!
Mine sent. Thanks danieldaniel for the help!
I'm fine with that. Either way, it probably won't be that close.
Ok. IveBeenBit, is what I said OK with you?Yes, do it. Waiting on escrow address.
IveBeenBit: Can you send 1.50001 or something, just so I know it's yours?
Blockbet.net: You can just send 1.5.
I'm fine with that. Either way, it probably won't be that close.
Ok. IveBeenBit, is what I said OK with you?Yes, do it. Waiting on escrow address.
I'm fine with that. Either way, it probably won't be that close.
Ok. IveBeenBit, is what I said OK with you? Ok. Just to be clear, would the following work:
Look at http://bitcoincharts.com/charts/mtgoxUSD#rg1zigHourlyztgSzm1g10zm2g25zv (24 Hour chart with hourly points). If it goes under $57 for at least 4 points (4 hours), you win. Otherwise, blockbet.net wins.
That good for you? If so, my answer is "yes".
Look at http://bitcoincharts.com/charts/mtgoxUSD#rg1zigHourlyztgSzm1g10zm2g25zv (24 Hour chart with hourly points). If it goes under $57 for at least 4 points (4 hours), you win. Otherwise, blockbet.net wins.
That good for you? If so, my answer is "yes".
I can't think of a better way to do it, so yeah that works for me. If I win I'll send you a bitnickel.
Danieldaniel how about you post an address?
I'm fine with that. Either way, it probably won't be that close.
I could do the escrow-ing if you can't find anyone else.
You can see my ratings here: http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel&sign=ANY&type=RECV. They're all positive except for two negatives from scammers.
You can see my ratings here: http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel&sign=ANY&type=RECV. They're all positive except for two negatives from scammers.
You're honest enough. Do you understand the terms? The sticking point with Dooglus was/is the oddball trade that goes through that's way out of line with the rest of the trades happening at the time.
If the answer to that is "yes" and blockbet.net agrees, then we're on.
Look at http://bitcoincharts.com/charts/mtgoxUSD#rg1zigHourlyztgSzm1g10zm2g25zv (24 Hour chart with hourly points). If it goes under $57 for at least 4 points (4 hours), you win. Otherwise, blockbet.net wins.
That good for you? If so, my answer is "yes".
I could do the escrow-ing if you can't find anyone else.
You can see my ratings here: http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel&sign=ANY&type=RECV. They're all positive except for two negatives from scammers.
You can see my ratings here: http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel&sign=ANY&type=RECV. They're all positive except for two negatives from scammers.
You're honest enough. Do you understand the terms? The sticking point with Dooglus was/is the oddball trade that goes through that's way out of line with the rest of the trades happening at the time.
If the answer to that is "yes" and blockbet.net agrees, then we're on.
I'd take that bet. How do you want to handle it?
[edit] Sorry for the double.
[edit2] I haven't heard anything, I guess the bet's off.
[edit] Sorry for the double.
[edit2] I haven't heard anything, I guess the bet's off.
I'm waiting to get Dooglus's agreement. He seemed to have a problem with the terms. I'm not sure if my explanation will satisfy him or not.
In case he doesn't come back...does anyone else think they're qualified to judge/escrow?
You can see my ratings here: http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel&sign=ANY&type=RECV. They're all positive except for two negatives from scammers.
I'd take that bet. How do you want to handle it?
[edit] Sorry for the double.
[edit2] I haven't heard anything, I guess the bet's off.
[edit] Sorry for the double.
[edit2] I haven't heard anything, I guess the bet's off.
I'm waiting to get Dooglus's agreement. He seemed to have a problem with the terms. I'm not sure if my explanation will satisfy him or not.
In case he doesn't come back...does anyone else think they're qualified to judge/escrow?
Hmm... Could I do $20 paypal USD for that? I could convert it to BTC if you want, but it might take a few hours for me to pay you.
So, $20 in BTC. Would that work for you? If so, I'd like for there to be a GPG signed contract with those terms. We'll post them in this thread.
So, $20 in BTC. Would that work for you? If so, I'd like for there to be a GPG signed contract with those terms. We'll post them in this thread.
Bet must be denominated in Bitcoin. Nobody knows what $20 in BTC is. Do you have any bitcoins to bet? If you don't want to do the full BTC1.5, post anyways and maybe someone will take up the slack.
I can escrow the bet for you, using casascius' escrow tool. I'd need clearer terms than "weird-ass orders" though. What if 0.03 gets traded above $57? Is that weird-ass or not? I'm going to need a definition for 'weird ass'.
I don't think Gox executes trades above the lowest ask price any more, so I would think you should be happy to just have "no trades over $57 for any 4 hour period which starts within 24 hours of 10PM EST today" as your win condition. If a buyer pushes the price up to $57.01 for a split second (by buying up all the asks under that price) then the clock is reset. Fair enough?
Edit: I never used to be able to remember how to spell casascius (and neither could whoever printed the first coin holograms), until I read recently that casas is an acronym for "call a spade a spade". Now it's easy.
I don't think Gox executes trades above the lowest ask price any more, so I would think you should be happy to just have "no trades over $57 for any 4 hour period which starts within 24 hours of 10PM EST today" as your win condition. If a buyer pushes the price up to $57.01 for a split second (by buying up all the asks under that price) then the clock is reset. Fair enough?
Edit: I never used to be able to remember how to spell casascius (and neither could whoever printed the first coin holograms), until I read recently that casas is an acronym for "call a spade a spade". Now it's easy.
Here's the problem...yesterday during the crash the bid/ask spreads got to be HUGE. So you'd see a ton of coins traded at $140, then some dummy would put a market buy order in and the next trade would be at $170 and then straight back down to $140-range. That is what I mean by "weirdass." Does that make it any clearer?
Hmm... Could I do $20 paypal USD for that? I could convert it to BTC if you want, but it might take a few hours for me to pay you.
So, $20 in BTC. Would that work for you? If so, I'd like for there to be a GPG signed contract with those terms. We'll post them in this thread.
So, $20 in BTC. Would that work for you? If so, I'd like for there to be a GPG signed contract with those terms. We'll post them in this thread.
Bet must be denominated in Bitcoin. Nobody knows what $20 in BTC is. Do you have any bitcoins to bet? If you don't want to do the full BTC1.5, post anyways and maybe someone will take up the slack.
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