Nobody is really shorting bitcoins...

An amorous cow-herder

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Quote from: Ibian on September 19, 2014, 04:23:46 PM

Quote from: An amorous cow-herder on September 19, 2014, 04:07:39 PM

Edit: Following was the PM: Since it expcilitly allowed me to post the decision i went for the full quote.

Quote from: Ibian on September 19, 2014, 08:58:41 PM

I can think of two ways to interpret your bet. First, that bitcoin is at or above $500 on december 31 2015. Second, that bitcoin hits $500 at any point before that. I don't care which it is, you can choose. Please post your decision in the thread.

I will choose option 1. At that date a tranfser will be initiated.
I will gladly perfom a transfer to a owned address with a message of your choise (please nothing illegal!) to prove i am in possesion of a bitcoin. I would like some kind of proof that is its reasonable to assume you can uphold your end of the bargain as well. Can be per PM.

Edit: Added above edit notice.

I don't need proof. In the event of your loss, whatever happens on your end will be proof enough. As for my proof, here is one of my public keys: 1kGPm64ErfBWBnfaGXnZtFaRhJuWiZiUY.

Additionally, I live in Denmark. A week or so on the public teat would satisfy my end of the bet.

Geez, completely forgot about this bet. Looks like everything happened as expected.

smalltimer

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Quote from: jjacob on September 26, 2014, 11:07:19 AM

Quote from: V500 on September 24, 2014, 11:49:38 PM

if bitcoin would go considerably lower than now after a 9 months decline and the paypal news i'd consider it failed and move to the next coin with lower inflation, really.

Freakin' inflation killed it.

Buy some Uno, they got the inflation-part right. It can replace bitcoin any day. Not a problem. Cut the freakin' inflation.

Lower than 300$ --> dump it, never look back. Wait for the halvings. Till 2016 it'll be back to 50$ or 10$ then. Hold some Uno to save your day.

And the alternative is.... Unobtainium? Tongue

well, if it would have been uno in the situation of bitcoin with same amount of total coins but different rewarddecrease we would probably be now in a bullmarket since mid-summer and at 2000$ a coin. Just sayin'. Bitcoins inflation sucks ass right now.

mailmansDOGE

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Hit the magical ignore button and OP will be gone shortly. The more you reply, the more food you give to the troll. Discussion about the matters he brings up is pointless since he can't even make a point.

jjacob

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★Nitrogensports.eu★

Quote from: V500 on September 24, 2014, 11:49:38 PM

if bitcoin would go considerably lower than now after a 9 months decline and the paypal news i'd consider it failed and move to the next coin with lower inflation, really.

Freakin' inflation killed it.

Buy some Uno, they got the inflation-part right. It can replace bitcoin any day. Not a problem. Cut the freakin' inflation.

Lower than 300$ --> dump it, never look back. Wait for the halvings. Till 2016 it'll be back to 50$ or 10$ then. Hold some Uno to save your day.

And the alternative is.... Unobtainium? Tongue

An amorous cow-herder

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Activity: 322

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Quote from: V500 on September 24, 2014, 11:49:38 PM

if bitcoin would go considerably lower than now after a 9 months decline and the paypal news i'd consider it failed and move to the next coin with lower inflation, really.

Buy some Uno, they got the inflation-part right. It can replace bitcoin any day. Not a problem. Cut the freakin' inflation.

Hmm, if you want a low inflation coin why wouldnt you go for Doge instead? And is also accepted by PayPal.

V500

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if bitcoin would go considerably lower than now after a 9 months decline and the paypal news i'd consider it failed and move to the next coin with lower inflation, really.

Freakin' inflation killed it.

Buy some Uno, they got the inflation-part right. It can replace bitcoin any day. Not a problem. Cut the freakin' inflation.

Lower than 300$ --> dump it, never look back. Wait for the halvings. Till 2016 it'll be back to 50$ or 10$ then. Hold some Uno to save your day.

maker88

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Quote from: manselr on September 24, 2014, 05:33:13 PM

Quote from: yayayo on September 19, 2014, 05:27:25 PM

Quote from: troisky on September 19, 2014, 04:20:38 PM

I don't care if it goes to 50. Bitcoin is mathematically headed towards success in the long run.

"Mathmatically headed towards success." I will memorize this statement, so I can drop it here and there.. Grin

Do we even know to what extent Bitcoin is traded for speculative purposes? Is daytrading a major factor at all?
I would not bet on it. Consider that there is a large amount of capital flowing through Bitcoin money transmitters and adoption is on the rise.

ya.ya.yo!

Without seeing the numbers, I would say the majority of Bitcoin transactions are still for the most part because of speculative purposes, as opposed to people buying actual goods with it.

what about the dark web black markets? thats a massive community involving billions of dollars in transactions every year, they buy coins and spend them for goods or services. they're not speculators, maybe a few of the merchants are but certainly not all of them or there wouldn't be people who sell fiat on those markets.

manselr

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Quote from: yayayo on September 19, 2014, 05:27:25 PM

Quote from: troisky on September 19, 2014, 04:20:38 PM

I don't care if it goes to 50. Bitcoin is mathematically headed towards success in the long run.

"Mathmatically headed towards success." I will memorize this statement, so I can drop it here and there.. Grin

Do we even know to what extent Bitcoin is traded for speculative purposes? Is daytrading a major factor at all?
I would not bet on it. Consider that there is a large amount of capital flowing through Bitcoin money transmitters and adoption is on the rise.

ya.ya.yo!

Without seeing the numbers, I would say the majority of Bitcoin transactions are still for the most part because of speculative purposes, as opposed to people buying actual goods with it.

An amorous cow-herder

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Quote from: Ibian on September 24, 2014, 02:21:40 PM

What are you on about? I sent your 0.0001 back to the address it came from. What were you expecting precisely?

Sorry, had a stale browser cache somewhere.
I officially excuse myself.

Ibian

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What are you on about? I sent your 0.0001 back to the address it came from. What were you expecting precisely?

An amorous cow-herder

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Quote from: An amorous cow-herder on September 21, 2014, 04:34:15 AM

Quote from: Ibian on September 19, 2014, 04:23:46 PM

I don't need proof. In the event of your loss, whatever happens on your end will be proof enough. As for my proof, here is one of my public keys: 1kGPm64ErfBWBnfaGXnZtFaRhJuWiZiUY.

https://blockchain.info/de/tx/6e14f483fbf756fa2ac6b4b82b196c18ceca3d9375ed234eee79e4c96ac82db7

While you "dont need proof" i dont want to proof that you arent just linking some random address. The amount sent should be sufficient to pay for an answer.
No answer, no deal. Simple as that.

Sending the message as a PM as well.

notme

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Quote from: notme on September 21, 2014, 02:58:25 PM

Quote from: Xiaoxiao on September 19, 2014, 01:30:32 PM

And it is still dropping like a cherry. Don't forget on upswings people are leveraging this thing to the max. Wait until people start to leverage their shorts to the max. $100-200 incoming. Definitely more and more confident of this statement. I've been saying this for the last 6-7 months.

The problem with being a Bitcoin bear is what when you are right, it is so rare and you are so used to criticism that you gain hubris and gloat. This exposes your soft underbelly to the world. Don't forget that bulls have horns.

How's that soft underbelly feeling today?

notme

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Quote from: Xiaoxiao on September 19, 2014, 01:30:32 PM

And it is still dropping like a cherry. Don't forget on upswings people are leveraging this thing to the max. Wait until people start to leverage their shorts to the max. $100-200 incoming. Definitely more and more confident of this statement. I've been saying this for the last 6-7 months.

The problem with being a Bitcoin bear is what when you are right, it is so rare and you are so used to criticism that you gain hubris and gloat. This exposes your soft underbelly to the world. Don't forget that bulls have horns.

An amorous cow-herder

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Quote from: piramida on September 21, 2014, 12:38:02 PM

Too bad because it's like a bet with over 90% win chance, imho. If the bet is, over 500 at any time at or before end of 2015, that'll be like 99.9%

I am even 80% sure we will see 500 at some time before the end of this year, so I can bet you that

I wouldnt be surprised to shortly see above $500 again this year. Fairly sure that level wont hold though. Consider the chance of that happening well below 20% (otherwise i wouldnt have done the bet, obviously).

piramida

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Borsche

Quote from: An amorous cow-herder on September 21, 2014, 04:52:55 AM

Quote from: piramida on September 21, 2014, 04:42:32 AM

is that "by the end of 2015"? can I participate too?

Yeah sure. And the next one too, and everyone else. And i end up driving the price up by buying a thousand BTC which i expect to be worth less by then and end up with the hassle of having to deal with everyone i´m supposed to get money from.

(In case the sarcasm detector is malfunctioning, that is a "No")

Too bad because it's like a bet with over 90% win chance, imho. If the bet is, over 500 at any time at or before end of 2015, that'll be like 99.9%

I am even 80% sure we will see 500 at some time before the end of this year, so I can bet you that

An amorous cow-herder

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Quote from: piramida on September 21, 2014, 04:42:32 AM

is that "by the end of 2015"? can I participate too?

Yeah sure. And the next one too, and everyone else. And i end up driving the price up by buying a thousand BTC which i expect to be worth less by then and end up with the hassle of having to deal with everyone i´m supposed to get money from.

(In case the sarcasm detector is malfunctioning, that is a "No")

piramida

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Borsche

Quote from: An amorous cow-herder on September 19, 2014, 03:53:24 PM

Quote from: Ibian on September 19, 2014, 03:48:59 PM

It's interesting how you missed a quote there. Anyway, now we know where we both stand and all is well.

Ok, counterbet.
Lets bet if BTC goes above 500$ by end of next year you get 1BTC, otherwise i get $500 from you?.
Disclaimer: Bet valid as long as BTC is below $500. Wink

is that "by the end of 2015"? can I participate too?

An amorous cow-herder

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Quote from: Ibian on September 19, 2014, 04:23:46 PM

I don't need proof. In the event of your loss, whatever happens on your end will be proof enough. As for my proof, here is one of my public keys: 1kGPm64ErfBWBnfaGXnZtFaRhJuWiZiUY.

https://blockchain.info/de/tx/6e14f483fbf756fa2ac6b4b82b196c18ceca3d9375ed234eee79e4c96ac82db7

yayayo

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Quote from: troisky on September 19, 2014, 04:20:38 PM

I don't care if it goes to 50. Bitcoin is mathematically headed towards success in the long run.

"Mathmatically headed towards success." I will memorize this statement, so I can drop it here and there.. Grin

Do we even know to what extent Bitcoin is traded for speculative purposes? Is daytrading a major factor at all?
I would not bet on it. Consider that there is a large amount of capital flowing through Bitcoin money transmitters and adoption is on the rise.

ya.ya.yo!

hf100

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One of you will be getting something to make it an extra happy new year. It's nice to see people putting money where their mouth is.

Topic: Nobody is really shorting bitcoins... (Read 3641 times)