No it won't. Wanna bet 100BTC?
It would be good if everyone who makes wild speculations regarding bitcoin where faced with that bet, perhaps there would be less rubbish and more sense in the community!
It's particularly funny it's rpietilla offering the bet.
Lol, he didn't take the "300k by the end of the year" bet
Yeah, what the hell, why is he betting against 10k for a year from now? haha
Maybe he thinks it will be higher than 10k.
No, I think in 12 months it likely is less than $10k:
- 12 months ago it was $10 and now it is $200 so a 20-bagger
- To reach $10k it would have to go up 50x. Not impossible by any means (from pizza to June2011 high is 13000-bagger in 12 months). But I think the probability is less than 50% which makes me eager to take this side of a bet.
To retain some credibility for a bull, I will be revising the $300k long term figure up, once I estimate, how high it should be revised.