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.
Topic: [Filled] PROP BET: Bitcoin crashes harder when Mt Gox reopens - page 3. (Read 2653 times)
I'll take that bet. Let me know how you want to handle it.
OK degenerates: I have BTC1.5 that says the price will crash harder when Gox reopens for trading. Can I get action?
Terms:
Mt Gox will reopen for trading in a few hours at 0200 UTC (10PM EST). They say their servers are bigger and better than ever.
I say the price will drop below $57/coin and stay there for at least 4 hours. The drop below $57 will happen within 24 hours of Gox reopening. If the price goes below the "strike price," and climbs back up, I can still win the bet if the price goes back down. If the price goes below $57 at hour 23, I can still win, but the price still needs to stay there for four hours.
Weird-ass orders where BTC0.02 get executed above $57 will not reset the game clock. We're betting on the market crashing or not; I don't want to quibble technicalities.
I'll send some PMs to see if I can find an escrow/referee and will update the thread when that happens.
Terms:
Mt Gox will reopen for trading in a few hours at 0200 UTC (10PM EST). They say their servers are bigger and better than ever.
I say the price will drop below $57/coin and stay there for at least 4 hours. The drop below $57 will happen within 24 hours of Gox reopening. If the price goes below the "strike price," and climbs back up, I can still win the bet if the price goes back down. If the price goes below $57 at hour 23, I can still win, but the price still needs to stay there for four hours.
Weird-ass orders where BTC0.02 get executed above $57 will not reset the game clock. We're betting on the market crashing or not; I don't want to quibble technicalities.
I'll send some PMs to see if I can find an escrow/referee and will update the thread when that happens.
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.
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.
OK degenerates: I have BTC1.5 that says the price will crash harder when Gox reopens for trading. Can I get action?
Terms:
Mt Gox will reopen for trading in a few hours at 0200 UTC (10PM EST). They say their servers are bigger and better than ever.
I say the price will drop below $57/coin and stay there for at least 4 hours. The drop below $57 will happen within 24 hours of Gox reopening. If the price goes below the "strike price," and climbs back up, I can still win the bet if the price goes back down. If the price goes below $57 at hour 23, I can still win, but the price still needs to stay there for four hours.
Weird-ass orders where BTC0.02 get executed above $57 will not reset the game clock. We're betting on the market crashing or not; I don't want to quibble technicalities.
I'll send some PMs to see if I can find an escrow/referee and will update the thread when that happens.
In the meantime - would anyone give me action on this?
Terms:
Mt Gox will reopen for trading in a few hours at 0200 UTC (10PM EST). They say their servers are bigger and better than ever.
I say the price will drop below $57/coin and stay there for at least 4 hours. The drop below $57 will happen within 24 hours of Gox reopening. If the price goes below the "strike price," and climbs back up, I can still win the bet if the price goes back down. If the price goes below $57 at hour 23, I can still win, but the price still needs to stay there for four hours.
Weird-ass orders where BTC0.02 get executed above $57 will not reset the game clock. We're betting on the market crashing or not; I don't want to quibble technicalities.
I'll send some PMs to see if I can find an escrow/referee and will update the thread when that happens.
In the meantime - would anyone give me action on this?
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