The betting window is now closed and the odds stand at about 8:1! I was very surprised to find someone had placed 20 BTC on the "won't reach 20 USD" side of the bet at the last minute.
Good luck to all and best luck to me.
Topic: Okay speculators, time to put your money where your mouth is. (Read 3025 times)
how exactly does this mooncoin thing work when far far more people bet on one side than the other?
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
Yes, the latter. Check out the FAQ.
At the moment the bets are at a won't:will ratio of about 5:1.
- If you put a bitcoin on "won't reach 20 USD" you'll get about 1.2 BTC back in September if you are right.
- If you put a bitcoin on "will reach 20 USD" you'll get back about 6 BTC if it touches 20 USD at any point.
There's a total of over 60 BTC in the pot right now! Exciting stuff.
how exactly does this mooncoin thing work when far far more people bet on one side than the other?
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
I'm sure the website will clarify this for you. Good luck to all the gamblers.
Well i guess i could blindly search the website.. i didnt see this info anywhere handy AND SINCE YALL WERE ALREADY BETTING.. i figured you would at least know and could help a fellow bitcoiner out. My bad for assuming huh.
I guess i will hunt down the info.. thanks for the help
OK lets say there is 4000 on one side, and 1000 on the other side. if the 4000 side wins then each 1 the you put in, you get back 1.25
Then let's say your on the 1000 side and you put in 1, then you get back 5!
This will be fun to watch.
how exactly does this mooncoin thing work when far far more people bet on one side than the other?
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
I'm sure the website will clarify this for you. Good luck to all the gamblers.
Well i guess i could blindly search the website.. i didnt see this info anywhere handy AND SINCE YALL WERE ALREADY BETTING.. i figured you would at least know and could help a fellow bitcoiner out. My bad for assuming huh.
I guess i will hunt down the info.. thanks for the help
We did not bet on this website. We have never actually looked at this website. We just root for anyone who bets anywhere. Good luck
how exactly does this mooncoin thing work when far far more people bet on one side than the other?
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
I'm sure the website will clarify this for you. Good luck to all the gamblers.
Well i guess i could blindly search the website.. i didnt see this info anywhere handy AND SINCE YALL WERE ALREADY BETTING.. i figured you would at least know and could help a fellow bitcoiner out. My bad for assuming huh.
I guess i will hunt down the info.. thanks for the help
I've added a 20 BTC bet against you GoWest. Best of luck!
Excellent! Good luck to you too.
how exactly does this mooncoin thing work when far far more people bet on one side than the other?
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
I'm sure the website will clarify this for you. Good luck to all the gamblers.
how exactly does this mooncoin thing work when far far more people bet on one side than the other?
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?
or does everyone on the winning side split up the winnings based on how much they bet?
I figure the later.. but would like to make sure
Were rooting for over 20
Heck, even I'd like to see a price surge over the next week! Hopefully the BTC Conference in New york city will ignite a fantastic rally! I simply believe that 20 USD before September is unlikely and am not afraid of a little gambling.
Were rooting for over 20
I've added a 20 BTC bet against you GoWest. Best of luck!
screw it....ill bet 2.5 btc (as long as i dont have to sign up for that site you linked to) 
are we escrowing the btc, or are we doing it on the honor system?
are we escrowing the btc, or are we doing it on the honor system?You have to do it on moonco.in. It's not my site, so I have nothing to gain by it, other than the fact that it makes it easier to execute the bet.
Will Bitcoin hit $20 before the end of August, 2011?
I've got 10 BTC that says "yes."
https://moonco.in/bet/281/view
I've got 10 BTC that says "yes."
https://moonco.in/bet/281/view
screw it....ill bet 2.5 btc (as long as i dont have to sign up for that site you linked to)
are we escrowing the btc, or are we doing it on the honor system?
I can't believe more people haven't taken the bet - only 2.1 BTC worth so far. Come on kiddos!!
before the end of august? LOL i wish.. nothing like setting your goals high.
it took massive bad news to get us down here and before that we were at 14, what is europe going to drop the euro for BTC?
I'd be happy if it was at 14 sept1st and that might be realistic.
.. ahh i see media coverage.. and I guess they wont mention mybitcoin or the guy who had 25000 coins stolen, or the exchange that lost it's wallet.. or that bitcoins fund terrorism and you can buy drugs with them online. And of course all this has gotten easier to understand and do in the mean time .. that client is totally grandma friendly.
I bet we get more miners and i bet we get to 14 baring more bad news.. but still no on 20
it took massive bad news to get us down here and before that we were at 14, what is europe going to drop the euro for BTC?
I'd be happy if it was at 14 sept1st and that might be realistic.
.. ahh i see media coverage.. and I guess they wont mention mybitcoin or the guy who had 25000 coins stolen, or the exchange that lost it's wallet.. or that bitcoins fund terrorism and you can buy drugs with them online. And of course all this has gotten easier to understand and do in the mean time .. that client is totally grandma friendly.
I bet we get more miners and i bet we get to 14 baring more bad news.. but still no on 20
So are you going to bet? Easy 10 Btc. I'm not going to bet cause I simply don't know and have seen stranger things happen.
before the end of august? LOL i wish.. nothing like setting your goals high.
it took massive bad news to get us down here and before that we were at 14, what is europe going to drop the euro for BTC?
I'd be happy if it was at 14 sept1st and that might be realistic.
.. ahh i see media coverage.. and I guess they wont mention mybitcoin or the guy who had 25000 coins stolen, or the exchange that lost it's wallet.. or that bitcoins fund terrorism and you can buy drugs with them online. And of course all this has gotten easier to understand and do in the mean time .. that client is totally grandma friendly.
I bet we get more miners and i bet we get to 14 baring more bad news.. but still no on 20
it took massive bad news to get us down here and before that we were at 14, what is europe going to drop the euro for BTC?
I'd be happy if it was at 14 sept1st and that might be realistic.
.. ahh i see media coverage.. and I guess they wont mention mybitcoin or the guy who had 25000 coins stolen, or the exchange that lost it's wallet.. or that bitcoins fund terrorism and you can buy drugs with them online. And of course all this has gotten easier to understand and do in the mean time .. that client is totally grandma friendly.
I bet we get more miners and i bet we get to 14 baring more bad news.. but still no on 20
GOod luck reaching $20. You would need a massive buyers to get the price that high. Many hoarders will be selling like crazy if it reached up that high.
The widespread coverage of the Bitcoin Conference this weekend by mainstream media (CNN, Forbes, etc) might just do the trick...
GOod luck reaching $20. You would need a massive buyers to get the price that high. Many hoarders will be selling like crazy if it reached up that high.
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