Bitcoin Forum

Economy => Speculation => Topic started by: Elwar on April 14, 2013, 10:47:58 PM



Title: Bitcoin will be worth more than $10,000 by 2016
Post by: Elwar on April 14, 2013, 10:47:58 PM
Bitcoin will be worth more than $10,000 by 2016.

If you do not believe this, put your worthless bitcoins where your mouth is at:

http://betsofbitco.in/item?id=1532


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: 01BTC10 on April 14, 2013, 10:49:50 PM
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This page doesn't exist or you do not have permission to view it.
It won't  >:(


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Elwar on April 14, 2013, 10:52:51 PM
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This page doesn't exist or you do not have permission to view it.
It won't  >:(

Ahh, it looks like it is awaiting approval.

I do not see the dollar lasting that long.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: 01BTC10 on April 14, 2013, 10:57:42 PM
Quote
This page doesn't exist or you do not have permission to view it.
It won't  >:(

Ahh, it looks like it is awaiting approval.

I do not see the dollar lasting that long.
lol I agree  ;)


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: GeniuSxBoY on April 14, 2013, 11:29:48 PM
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Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: jwzguy on April 14, 2013, 11:31:32 PM
No matter what I thought of that wager, I'd never leave my coins on the site for 3 years. Especially not on the site that cheated everyone who bet against BFL shipping.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Newscastix on April 14, 2013, 11:34:10 PM
No matter what I thought of that wager, I'd never leave my coins on the site for 3 years. Especially not on the site that cheated everyone who bet against BFL shipping.

This!

Totally forgot the BFL BS.



Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: shamntalk on April 14, 2013, 11:47:13 PM
I thought these sort of thread died after last week?  :-\


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Gordonium on April 14, 2013, 11:50:10 PM
I do belive that Bitcoin will be worth more than that by 2016, but I don't see any point to bet for it. If it will come true I will make so much money just by buying Bitcoins and hoarding them. No reason whatsoever to risk any Bitcoins by giving on this site.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: 00null on April 14, 2013, 11:53:10 PM
Bitcoin will be worth more than $10,000 by 2016.

If you do not believe this, put your worthless bitcoins where your mouth is at:

http://betsofbitco.in/item?id=1532
I am pretty sure that bet will result in a draw... https://bitcointalk.org/index.php?topic=165500.0 (https://bitcointalk.org/index.php?topic=165500.0)


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: proudhon on April 15, 2013, 01:19:53 AM
Please make this on bets of bitcoin.  I will bet against this.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: superside on April 15, 2013, 01:59:09 AM
Are we talking accumulatively?


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Elwar on April 15, 2013, 02:35:08 AM
Are we talking accumulatively?

The bet, which is still awaiting approval, is:

1 Bitcoin will be worth at least $10,000 by 12/31/2016
Success of this bet will occur if 1 Bitcoin is valued at $10,000 or more on one of the largest exchanges of the time (based upon top 4 trading volumes/day).
 The $10,000 is in Federal Reserve Notes (US dollars).


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: bitcon on April 15, 2013, 03:06:12 AM
prouhon still thinks we're hwaded to single digits...   ::)


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: computerparts on April 15, 2013, 03:09:35 AM
 :D No way


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Elwar on April 15, 2013, 05:12:59 AM
Please make this on bets of bitcoin.  I will bet against this.

It is up on bets of bitcoin now.

Though they only accept bitcoins. Do you have any?


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: steelboy on April 15, 2013, 08:30:44 AM
No matter what I thought of that wager, I'd never leave my coins on the site for 3 years. Especially not on the site that cheated everyone who bet against BFL shipping.

Care to elaborate, i missed what happened.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: 00null on April 15, 2013, 09:16:21 AM
No matter what I thought of that wager, I'd never leave my coins on the site for 3 years. Especially not on the site that cheated everyone who bet against BFL shipping.

Care to elaborate, i missed what happened.
BFL has maybe one half working prototype and paid LukeJr to visit this prototype. BetsOfBitcoin decided that this procedure counts as "device has been shipped to customer".
Scam accusation thread here: https://bitcointalk.org/index.php?topic=165500.0 (https://bitcointalk.org/index.php?topic=165500.0)


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: yokosan on April 15, 2013, 11:31:03 AM
I want to place a bet but given the track record of Bitcoin related sites I do not expect the bets of bitcoin site to still be around when the bet expires, so I can't participate.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Akka on April 15, 2013, 11:36:08 AM
I want to place a bet but given the track record of Bitcoin related sites I do not expect the bets of bitcoin site to still be around when the bet expires, so I can't participate.

Exactly that's my problem, too.

Nothing agains this site, but I have yet to find a Bitcoin Site that I would trust with my money for more than a ~6 Month time frame.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Faraday on April 15, 2013, 12:20:22 PM
To be honest it seems there is pretty good reason not to trust bets of bitcoin.

They declared a bet with hundreds of btc wagered as a draw when it was clear that BFL hadn't shipped any product. They claimed the bet terms were ambiguous, why was the bet accepted in the first place then?


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Spaceman_Spiff on April 15, 2013, 12:41:14 PM
To be honest it seems there is pretty good reason not to trust bets of bitcoin.

They declared a bet with hundreds of btc wagered as a draw when it was clear that BFL hadn't shipped any product. They claimed the bet terms were ambiguous, why was the bet accepted in the first place then?

I have also lost out on a decent amount of bitcoins on another bet that was made a draw, and although I didn't agree with the way they handled things, I can understand why they did it.  You have to remember that they lose out on a lot of profit on these bets when they call it a draw.
Yes it is possible that they themselves were on the other side of the bet, but I think it is much more likely that now and then a bet was less clear than they thought it was, and they make it a draw if they feel that is the correct thing to do.  It's harder than you think to make things unambiguous.
So they still have my trust.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: jubalix on April 15, 2013, 04:32:08 PM
Please make this on bets of bitcoin.  I will bet against this.

that comes as surprise, very out of character for you proudhon


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Elwar on April 15, 2013, 10:47:02 PM
With the price dropping so low...SURELY it can never reach $10,000.

So you may want to bet against it. Some easy bitcoin to be made on a sure thing.


Title: Re: Bitcoin will be worth more than $10,000 by 2016
Post by: Brushan on April 15, 2013, 11:00:19 PM
I think we'll see a BIG price rise after the reward halving if it's still alive by then. Bitcoin right now is has a very high rate of inflation and when it lessens it will do wonders for the value of it.