Bitcoin Forum

Economy => Speculation => Topic started by: alan2here on April 14, 2013, 10:12:41 PM



Title: This bet will be impressively close.
Post by: alan2here on April 14, 2013, 10:12:41 PM
http://betsofbitco.in/item?id=1414

It seemed like a safe yes bet not so long ago.

Edit: Sorry, thread should be in speculation.


Title: Re: This bet will be impressively close.
Post by: BTC Books on April 14, 2013, 10:19:24 PM
That is impressive.  Using Eastern Time as the zone for the bet could determine the outcome...


Title: Re: This bet will be impressively close.
Post by: alan2here on April 14, 2013, 10:37:32 PM
Think it was calculated somehow?


Title: Re: This bet will be impressively close.
Post by: em3rgentOrdr on April 14, 2013, 10:40:09 PM
I suppose someone that either has a lot of bitcoin or a lot of USD on mt gox could easily influence this result by swaying to the exchange rate to one side or the other...


Title: Re: This bet will be impressively close.
Post by: wolverine.ks on April 14, 2013, 11:04:15 PM
Im not sure how MtGox records their prices....

but could i just buy .000001 bitcoins at $100,000/btc and claim that the price hit an all time high?

these bets about future prices seem a little lopsided if that is the case.

why would anyone bet against them, if i could influence the bet in one direction for less money than i would win from the bet?


Title: Re: This bet will be impressively close.
Post by: zoinky on April 14, 2013, 11:14:20 PM
Im not sure how MtGox records their prices....

but could i just buy .000001 bitcoins at $100,000/btc and claim that the price hit an all time high?

these bets about future prices seem a little lopsided if that is the case.

why would anyone bet against them, if i could influence the bet in one direction for less money than i would win from the bet?

You'd buy into the lowest offer.


Title: Re: This bet will be impressively close.
Post by: regular on April 14, 2013, 11:41:52 PM
it will probably be a draw


Title: Re: This bet will be impressively close.
Post by: 00null on April 14, 2013, 11:49:53 PM
it will probably be a draw
I doubt that the outcome depends on anything real... https://bitcointalk.org/index.php?topic=165500.0 (https://bitcointalk.org/index.php?topic=165500.0)


Title: Re: This bet will be impressively close.
Post by: kalinka on April 14, 2013, 11:53:51 PM
It will be close, but it's going to hit that point at some time during the day.


Title: Re: This bet will be impressively close.
Post by: Kazu on April 15, 2013, 02:42:11 AM
http://betsofbitco.in/item?id=1414

It seemed like a safe yes bet not so long ago.

Edit: Sorry, thread should be in speculation.

Dude you totally won.


Title: Re: This bet will be impressively close.
Post by: bitcoiners on April 15, 2013, 02:45:11 AM
It will be close, but it's going to hit that point at some time during the day.

Nope... Wrong again.


Title: Re: This bet will be impressively close.
Post by: smoothie on April 15, 2013, 03:16:26 AM
Im not sure how MtGox records their prices....

but could i just buy .000001 bitcoins at $100,000/btc and claim that the price hit an all time high?

these bets about future prices seem a little lopsided if that is the case.

why would anyone bet against them, if i could influence the bet in one direction for less money than i would win from the bet?

You'd buy into the lowest offer.

He obviously doesn't know how markets work. lol leave him be  :D