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Title: Okay speculators, time to put your money where your mouth is. Post by: GoWest on August 17, 2011, 03:30:34 AM Will Bitcoin hit $20 before the end of August, 2011?
I've got 10 BTC that says "yes." https://moonco.in/bet/281/view Title: Re: Okay speculators, time to put your money where your mouth is. Post by: GeniuSxBoY on August 17, 2011, 03:42:24 AM why do you have a link to mooncoin
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: GeniuSxBoY on August 17, 2011, 03:43:24 AM You'll need like $2 million dollars to get it to $20.
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: GoWest on August 17, 2011, 03:49:37 AM You'll need like $2 million dollars to get it to $20. Well then, go ahead and bet against me and collect your easy money. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: grod on August 17, 2011, 12:05:29 PM We're currently at a theoretical $80,000 a day to maintain $11, why is 2M (or around 3% of the total market value) in one shot such an inconceivable figure?
However, IMO I'm gambling enough being long bitcoin in the first place. I don't feel the need to increase my risk with an additional third party wagering site. If that's what your site is, I didn't feel like registering just to find out. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Gabi on August 17, 2011, 02:13:45 PM We're currently at a theoretical $80,000 a day to maintain $11, why is 2M (or around 3% of the total market value) in one shot such an inconceivable figure? Because the "theoretical $80,000" is very theorietical and in practice is very false... Title: Re: Okay speculators, time to put your money where your mouth is. Post by: kiwiasian on August 17, 2011, 03:39:03 PM It's currently 8/17, and between high 10 and low 11. I hope it goes up again.
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Bigpiggy01 on August 17, 2011, 03:44:40 PM It should still be moving upward but there may be a bump or two along the way ;D
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Fjordbit on August 17, 2011, 05:15:29 PM Will Bitcoin hit $20 before the end of August, 2011? I've got 10 BTC that says "yes." I'll bet 2 BTC that USD/BTC will not hit $20 on the TradeHill exchange by 12:00am September 1, 2011. This will be determined with the 1m Market Data view (https://www.tradehill.com/MarketData/). One thing about this, I'll be at Burningman at the time, so I won't be able to pay until around the 6th if I do lose. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Speculator on August 17, 2011, 06:07:31 PM Mark my words...it is on the way UP! 8) They don't call me the speculator for nothing.
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Edward50 on August 17, 2011, 06:52:48 PM 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.
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Mousepotato on August 17, 2011, 10:39:51 PM 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... Title: Re: Okay speculators, time to put your money where your mouth is. Post by: joulesbeef on August 17, 2011, 10:46:01 PM 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 Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Bitcoin Swami on August 17, 2011, 11:01:40 PM 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 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. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: GoWest on August 17, 2011, 11:26:14 PM I can't believe more people haven't taken the bet - only 2.1 BTC worth so far. Come on kiddos!!
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: evolve on August 17, 2011, 11:31:03 PM Will Bitcoin hit $20 before the end of August, 2011? 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? Title: Re: Okay speculators, time to put your money where your mouth is. Post by: GoWest on August 17, 2011, 11:43:59 PM 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? 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. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: teukon on August 19, 2011, 06:40:21 PM I've added a 20 BTC bet against you GoWest. Best of luck!
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: infested999 on August 19, 2011, 06:47:36 PM http://moonco.in/bet/281/view (http://moonco.in/bet/281/view)
$600 has been betted already! :o Title: Re: Okay speculators, time to put your money where your mouth is. Post by: BitcoinStars.com on August 19, 2011, 07:24:04 PM Were rooting for over 20 8)
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: teukon on August 19, 2011, 09:47:18 PM Were rooting for over 20 8) 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. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: joulesbeef on August 19, 2011, 10:49:25 PM 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 Title: Re: Okay speculators, time to put your money where your mouth is. Post by: BitcoinStars.com on August 19, 2011, 11:58:13 PM 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 I'm sure the website will clarify this for you. Good luck to all the gamblers. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: GoWest on August 20, 2011, 12:18:51 AM I've added a 20 BTC bet against you GoWest. Best of luck! Excellent! Good luck to you too. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: joulesbeef on August 21, 2011, 01:05:45 AM 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 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 Title: Re: Okay speculators, time to put your money where your mouth is. Post by: BitcoinStars.com on August 21, 2011, 01:08:47 AM 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 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 8) Title: Re: Okay speculators, time to put your money where your mouth is. Post by: Bitcoin Swami on August 21, 2011, 01:16:58 AM This will be fun to watch.
Title: Re: Okay speculators, time to put your money where your mouth is. Post by: infested999 on August 21, 2011, 10:50:59 AM 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 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! Title: Re: Okay speculators, time to put your money where your mouth is. Post by: teukon on August 21, 2011, 12:39:28 PM 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 Yes, the latter. Check out the FAQ (https://moonco.in/contactus). At the moment the bets are at a won't:will ratio of about 5:1.
There's a total of over 60 BTC in the pot right now! Exciting stuff. Title: Re: Okay speculators, time to put your money where your mouth is. Post by: teukon on August 22, 2011, 02:27:10 PM 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. |