Will you gamble on Bitcoin ETF approval results? - page 3.

samcrypto

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

There are rumors already and betting might be more risky especially if you still believe that SEC will approve the ETF.
There's a lot of betting options like this, and many are still betting so i think this is still fine since the chances of winning is high and its a 50/50 percentage. Let's just hope that SEC will finally consider this so we can see a big pump in the market and we might see new ATH if SEC will release such good news.

Wiwo

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Depending on the facts on the ground, but ordinarily, I will bet on such a prediction since it's obvious that there is already a lot of green light as to when to expect that ETF approval so for we may have a high chance if you choose a yes and speculate the right timing as going by the roadmap for that approval.

Just like we have bitcoin price prediction games in the same vein also we can predict the bitcoin ETF approval and to win some cash.

alegotardo

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community

I hadn't seen this type of bet yet, but I find them super interesting because the result of the vote can never be challenged, as the SEC would never overturn this decision.

I'm quite biased when betting, mainly due to the fact that my opinion is contrary to the majority (I vote NO), so if I'm right I would win a higher amount. I believe that the president of the SEC remains very suspicious of fraud in the cryptoactive ecosystem to be able to approve an instrument that should make institutional investors dive head first into a sector that moves billions of dollars.

But the main bet is on the Bitcoin buying/selling movement, because if it is not approved, the price of Bitcoin should plummet. The opposite should not happen, as I believe that the market has already priced the value of Bitcoin in anticipation of this SEC approval.

Johnyz

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Betting for the decision of SEC regarding Bitcoin ETF is not my line and I only bet on sports where I can do analyze and with this, its a totally a guess bet since we don’t have the idea if SEC will in favor this time. This kind of betting option can also be manipulated, especially if you are part of SEC where you already know the decision. If you’re into this kind of bet and its ok for you to take the risk, then go for it there are rumors that SEC will decline this, it can be true and if you will bet then there’s a chance for you to make profit.

uneng

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I have no desire to bet on ETF approval results, because it's an event playing with interests from big players of the financial world, plus the interests of the strongest nation's personal financial affairs, which is USA. You can analyze the scenario accurately, reading all the news, opinions from experts economists, having access to insider informations, but in the end, the final result is still under heavily possibility of manipulation. It's not the kind of game small fishes should take part in. Let the whales decide and do as they wish. For us it won't change anything... The important is that halving is near, and that should be the profit opportunity to be looked for.

It's like betting on a fixed match without knowing which side paid more to fix the match. You don't have real chances to win, because the results aren't based on logical and legit performance, rather they are based on agreements made on the backgrounds.

Cryptomultiplier

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At this point, I don't think I would because while we would have to acknowledge the delay in the SECs decision on the Bitcoin ETF, it is of paramount importance for crypto investors to maintain a multidimensional perspective.

By evaluating market dynamics and volatility alongside regulatory considerations, one can enhance their risk management strategies and restrategise on the best approach necessary.
Future innovations and undetermined developments, should be monitored with a look at the statistical and analytical prowess and openmindedness of the individual investor as well, before one can have the flare to gamble on the results of Bitcoin ETF approval.

panganib999

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community

If have gambled then you're probably out of luck at this point. News broke out earlier this week about the SEC not approving any Spot bitcoin ETFs so that pretty much means there's not much we can expect out of the outside market at this point. Funny how it brought bitcoin down to a 5% drop as well only for it to recover eventually, further proving the fact that something else seems to be the reason as to why bitcoin continuously pumped in value and relevance over the past few months.

In any case this is still not the end for Spot Bitcoin ETFs, for sure there will be further attempts made in the future to finally put bitcoin into mainstream but until then, you guys might wanna hold off on spending your bankrolls on bets that are a little precarious lol. Stick to the conventional ones for now is all that I'm trying to say.

acroman08

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Quote from: Oshosondy on January 05, 2024, 07:31:23 AM

What is the odd for yes or no? That is what some gamblers would want to know. I do not know the odd and I may not gamble with it. It is the odd that will encourage or discourage some gamblers.

reading the article the OP shared, If you want to bet on "yes" it will be $0.79 per share, and if you want to bet on "no" it will be $0.21 per share. I am not really familiar with this kind of prediction betting but I do the gist of it.

Quote from: Fiatless on January 05, 2024, 07:24:58 AM

But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

I don't mind betting on it but I am also not interested. good for them that they found a way to make it more nerve cracking and exciting for them.

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Quote from: passwordnow on January 05, 2024, 04:39:33 PM

There will be no manipulation on here unless Gary and his gang see this thread and the articles that show about betting on the Bitcoin ETF results. But I don't think that even with that their credibility will be on set just for the money to gamble. I'd make a bet on this one because the ratio of winning and losing is just the same. Despite all the positive feedback from the community and news that have been set, I won't say that there's the clear result while we haven't seen it yet about the potential of being approved.

Quote from: Justbillywitt on January 05, 2024, 04:31:40 PM

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

This is the thought of the majority of us that we're positive and thinking that it is convincing that the Bitcoin ETF applied by BlackRock and other financial institutions are likely to be approved by the SEC. But as long as there is no final and official announcement then this means that we're not yet there. Somehow, we're all having this thought that it's just a formality that we are waiting for the SEC's publishing of it on its website and their actual proclamation which excites the entire world.

anything can still happen on this upcoming event. they can easily turn the approval down also. but for those who have good notion that this will be approved, by all means, you can bet on this one. but check the odds also. and for me, don't put too much money on this.

this below shows the current polymarket odds on this betting line

https://polymarket.com/event/bitcoin-etf-approved-by-jan-15?tid=1704488017844

Quote from: Justbillywitt on January 05, 2024, 04:31:40 PM

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

you can see above polymarket link to bet on this. seems that they are attracting good amount of money here. and with the progress going on, very likely that the numbers will go up more few days before it closes.

passwordnow

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There will be no manipulation on here unless Gary and his gang see this thread and the articles that show about betting on the Bitcoin ETF results. But I don't think that even with that their credibility will be on set just for the money to gamble. I'd make a bet on this one because the ratio of winning and losing is just the same. Despite all the positive feedback from the community and news that have been set, I won't say that there's the clear result while we haven't seen it yet about the potential of being approved.

Quote from: Justbillywitt on January 05, 2024, 04:31:40 PM

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

This is the thought of the majority of us that we're positive and thinking that it is convincing that the Bitcoin ETF applied by BlackRock and other financial institutions are likely to be approved by the SEC. But as long as there is no final and official announcement then this means that we're not yet there. Somehow, we're all having this thought that it's just a formality that we are waiting for the SEC's publishing of it on its website and their actual proclamation which excites the entire world.

Justbillywitt

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Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

Queentoshi

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

It will not be good to be a gambler who does not have restrictions, and gambles on every game, sports or other kinds of activities that are not even conventional things to bet on. Irresponsible gambling does not just mean that you cannot control the number of times you gamble and the money spent, it can also mean that you cannot control yourself when it comes to gambling and you make yourself available to gamble on anything be it sports, a game or even regular activities that people do not usually bet on. Just like people like to have a brand of drink that they like, have a sport or game that you gamble on, not everything.

beerlover

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Quote from: bittraffic on January 05, 2024, 10:06:20 AM

ET is inevitable like they said so many bettors will probably go for yes. If it's just yes or no I would bet YES. But I think the platform will bet with a date such as "will the ETF be approved on Jan 14, 2024?" If the ETF isn't approved on the said date, you will lose.

There is just no particular date that it will be approved, so many speculations even in 2023 but not one ETF was approved.

I couldn't see the articles though. Cointele pages just timeout. 504 Gateway Time-out

You mean the delays for the ETF is inevitable, because how many times we get a response like that? So actually this makes the people or the gambler doubt if it will ever be approved or not. I don't want to be negative so I will still vote for yes. Apart from the yes or no choices, what you said of the approval dates might also be included and it may not yet limited to that.

We already know the gambling platforms, they always prepare more ways for the bettors to place a bet, as that can also mean more income to them. I check the Cointelegraph link by the way and it works fine to me. So the problem is probably on your side only, but you can always try it again.

iv4n

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It's a fifty-fifty bet, in the end, it can be approved or not. So I guess the odds are very low... so if someone doesn't wish to "risk" a fortune there's no profit in betting on this one.

People like to bet on everything, but to make some profit you need to risk a nice amount of money. I wouldn't be ready to gamble with big amounts just like that, with some "insider info" I would do it for sure... this is rigged 101%, some people can make a few bucks betting on this, but a few selected ones will make millions just like that!

Vaculin

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This one is quite interesting to bet though, even if we know the result does not really matters high since we know bitcoin can still be successful even without SEC's approval. But since it's the one that trends now in the social media, then there's no wrong if we can also ride with the trend and make an income of it for fun.

Well, as long as we will only bet an amount that we are comfortable of losing, I think that's fine. Whether if it's a win or loss, at least we also enjoy the fun on betting it.

boyptc

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It's a good one while it's still on the hot seat before the actual result come.

Anything that we can gamble on and with this, we're all waiting for the result so why not gamble with it? Tongue

While everybody thinks that the chance of getting an approval is high, then the odds will be not that much for the yes(approval). But if you want to gamble and has the same belief that it will get a decline, get a no.

Stable090

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

Gambling sites are always making use of any opportunity they have. I am surprised to see this news, but I don’t think the gambling site I am using has any offers like this. I will try to look for any gambling with this offer. I also need to place my bet. I don’t see anything bad with options like this, but when placing a bet, we should gamble responsibly. Don’t be too confident when gambling, so always gamble with the amount you can afford to lose. Gambling sites will always do what will favour them, they don’t really care much about gamblers, so we have to be careful.

Spaceman1000$

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community

I am surprised to this new betting pattern, first i am a traditional gambler, such kind of betting isn't too fine with me because I cannot ordinarily predict the outcome, this approval from SEC has been on their table for a very long time, I feel is another means to mount pressure on SEC to go on with the approval of spot Bitcoin ETF without hesitation. however brought up the concept has made some good moves because it's nice trying to see some people stick out their money in support of the ETF, because lots of people will bet in favour of the approval.

Odohu

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Quote from: Fiatless on January 05, 2024, 07:24:58 AM

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community

It is actually an interesting bet and from the response, it is obvious that the Bitcoin community are showing some l3vel of solidarity as can be seen from their level of optimism that the ETF will be approved.

Personally I consider this bet too risky even though I have the feeling that it will be a yes. The betting companies will have a tough time paying the winnings if it turn out to be a yes. I would have loved to know the odd, that has a way of showing what the answers will be.... let's see what the bookies are thinking about the ETF

coolcoinz

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Quote from: ryzaadit on January 05, 2024, 08:23:38 AM

No, there is no fun on there.

I rather bet on Sportbet rather than betting on these type game. At least, even you're losing still enjoying the match rather than these waiting some news with just a few mins after they tell us ~XD.

Sportbet still most recommended things.

To me betting on this is rather boring, but if it was really easy I'd do it, but unfortunately it's not. You need to register on a specific casino and you need polygon while I have only bitcoin. I'd have to pay fees to get my bitcoin there and exchange it to an altcoin just to make a bet. It's only worth it if you bet a lot of money, otherwise the fees will eat a large part of your win, not to mention the fact that if it gets approved you'll miss the bitcoin pump. IMO if you want to bet on approval, you can buy bitcoin. It's the easiest and safest way.

Topic: Will you gamble on Bitcoin ETF approval results? - page 3. (Read 479 times)