Who bails out the Fed when it is insolvent. If interest rates start climbing at all, it can wipe them out pretty swiftly.
The IMF?
The US Taxpayer?
Neither of these have the funds to do it.
I think the fed chooses the interest rate... The fed *never* goes insolvent, they print whatever they want. The govt might very well. Inflation is the one they don't have any direct control over. They can report it how they wish though. |
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I'll take the bet and use an escrow. Looks like I was beaten to the punch though!
Escrow used only. Accepted. I suggest we use Saltyspitoon (free escrow) as escrow or John K if he is available as an escrow or maged. Once both parties get their BTC to escrow the bet is official. CURSES! Foiled again. Pesky humans... |
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I'll take the bet and use an escrow. Looks like I was beaten to the punch though!
If smoothie prefers escrow only I'm happy to leave it for you. If he'll take my word then I'm ALL IN!  |
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I'm effectively leveraging 0.1BTC at x2 and my margin call is at $750
I am not falling into your game. BTC is not money. GBP is money. If you want a bet, we bet in GBP, and we use BTC as a means of transferring that relatively fixed and reliable unit of value. w/e i'll be over here in this other thread. it looks infinitely more fun than this one. please do keep taking yourself so seriously. its hilarious. |
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My speculation that Bitcoin will hit $600 (non-gox price) before the end of 3-22-14 HST. Willing to put up 2 BTC to bet anyone on this call for fun (yes I know it isn't much but it's for the fun of it). I'm a longer term bull but to make things a little interesting I've put forward this bet. Will only accept bet with a user who has been on this forum for longer than 1 year's time. Escrow will be used for this. Any takers?  In case no one accepts the bet in a reasonable amount of time, the offer expires February 5th, 2014 HST.CHALLENGE ACCEPTED! escrow schmescrow. If it hits $600 on stamp/BTC-e I'll pay at once. If it don't then I'll expect it on the 22nd of march. What say you? |
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I thought an actual side bet might lend a little credibility to your assertion. I don't trade as a rule, but I do gamble every now and again for fun. I think one of us has it the right way round If we bet, then £50, converted into Bitcoin at 00:00 1st March 2014. I am currently long Bitcoin and won't be short for quite some time since Bitfinex have removed my ability to place stops on an exchange I trust (Bitstamp), leaving me to trade solely on an exchange I don't trust (Bitfinex). These fuckers have robbed me for the last time after a short sell I made at practically the top of that spike got called after a big sell wall that my stop order was hiding behind, vanished. I am as of yet undecided what Bitcoin is going to do around the next corner. But since long term indicators as per the 4 hour charts all suggest more downside, regardless of any short term uptime, I will take that bet right now if you wish. If I lose, I will definitely stump up, but I do work offshore and have no reliable timetable for when I will be around (and capable of BTC transaction) or not. I give you this warning in advance. I think you are still stuck valuing BTC in fiat. I'm betting bitcoin because thats what I have, and I wish to speculate with it to gain more. You are asking me to take a bet where any strong move in my favour reduces my 'winnings' because I will get less than the 0.1BTC that I originally wagered. *That* sounds like a shitty bet to me. You are already long BTC so you already have 0.1BTC to spare I am sure. I am long BTC so I have 0.1BTC to spare. The only significance of the $price, is that is what decides the outcome. If you choose to buy/sell the 0.1BTC at the exact moment the bet ends then yes it is worth whatever the prevailing rate is. However I am not planning on doing that. I am just interested in trying to double up on little bit of my stash. So invent all the stories you want about me trying to scam you, I suppose I am just the same as everyone else that is out to get you at the moment. You should see a doc about that. One last time I'll explain how you make it worth your while. If you are truly convinced it is going down, then sell 0.1BTC right now. Then when it goes below $750 and I send you 0.1BTC you are $81 up (stamp price 818 right now) and you have the same number of BTC as you did before. You just succesfully shorted BTC for $$$PROFIT. I'm always banking on BTC rising, this bet is no exception. I'm simply "buying" BTC with BTC, because I don't have fiat on any exchange. I'm effectively leveraging 0.1BTC at x2 and my margin call is at $750 |
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...until I realised that it was a skewed bet which sgbett knew of course to begin with)
Unless of course you actually read the post where I explained how you would be mug not to take this bet if you actually believed it was going below $750. You could sell your 0.1BTC right now, then as soon as it does dip below 750 you get your 0.1BTC back. You know how shorting works though right Your theoretical unfairness only applies if you think its going up astronomically. If you *do* think its going up Buy 0.1BTC now to hedge against that happening. (then you are only "paying out" what you bought the BTC for). This is a golden opportunity to short! You get all of feb, there is no capital outlay, there is no chance of a margin call, and you can hedge (if you wish, either at todays price or set a limit order on bitstamp for $750 that way you'll be guaranteed $75 for your winnings if its fiat thats important to you). I'm starting to think trading is the wrong game for you if you can't see how all this works! Of course if you *do* think its going up then sure, don't take the bet. Just remember you are the one starting threads around here saying its going down. Telling everyone how much you are shorting etc. Here's your chance to take that trade virtually risk free. I thought an actual side bet might lend a little credibility to your assertion. I don't trade as a rule, but I do gamble every now and again for fun. I think one of us has it the right way round |
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See to me sideways in the bitcoin world is actually down.
So when I see sideways, on low volume, thats bullish to me.
YMMV
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Christ on a Bike. How many times on this descending triangle could a bulltard have drawn these arbitrary trend lines only for them to be broken on bullshit nothing volume only for the market to then sink back down to the $765 support?  And how many times have we breached that all important $765 high volume support and what does it mean 9/10 times when such a scenario arises? Doesn't mean there isn't going to be upside opportunities and I hope there is upside opportunities because since Bitfinex have stopped allowing orders to be routed through Bitstamp, I have no place that I trust to make short trades, therefore, I am now a part time bull, or rather, a bear looking for bullish opportunities, but I know two things. I wake up from my sleep when I have long Bitcoin trades on, due to spooked out Bitcoin dreams. The prevailing technicals are all pointing down the way. Lots of times! and its always fun to speculate  I had a dream it was back up over $1000 last night. Dreams are funny! |
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proudhon should be held accountable for forcing/brainwashing people to SHOTR. Hordes have lost money as a result, are u happy now proudhon
how about PEOPLE are held accountable for their own actions. Its a new thing, sweeping across the developed world... oh wait no its not. CAUTION: This post may contain words. Read at your own risk. This post is not responsible for making you think or feel anything. (C) 2014 sgbett. All rights reserved. Any resemblance to any post previous or future is purely coincidental. Caveat emptor. |
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Hehe, I know nothing mr Fawlty. This is just me having a punt. It's about the limit of my 'day trading' speculation  Actually, bet is off u shady lucker! As u well know, if BTC goes to $1000, I pay you $100. If it goes to $500, u pay me $50. Dishonourable contract null n void. unless u want to bet for equivalent amount in real money. (GBP, USD, EUR) Dishonourable!? lol. What's honour got to do with 'owt. I'm not sure you have thought this through fully Flipping it to a fiat bet is just as 'dishonourable', say we bet $100USD. If it goes to $500 I have to pay you 0.2BTC If it goes to $1000 You only have to pay me 0.1BTC Why not hedge? i.e. if you are worried that you will lose then buy the 0.1BTC now for $80 then even if it went to $10000, you'd still only be down the $80 you paid. Equally I could sell my 0.1BTC for $80 now then if it went to $500 I could buy back 0.16BTC and only be down 0.4BTC. Of course I would never get the benefit of any further move past $750 as I expect you would be knocking on my door the instant it hit $749.99 hehe Still, as I am confident I would not lose I was prepared to accept that! |
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0.1BTC says it never goes below $750 (bitstamp) all of february! so we on? I win far more than 0.1 BTC from the exchanges and if I am wrong I lose more. But not below $750 for the whole month of February!? Do you know something that I don't? Yeah, we are on!P.S. If you are privvy to 'insider info', let me know when the next millionaire Bitcoin Nutter is going to throw 3 million USD at spiking the price up $15, so I can be ready to short immediately after the event. Hehe, I know nothing mr Fawlty. This is just me having a punt. It's about the limit of my 'day trading' speculation |
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0.1BTC says it never goes below $750 (bitstamp) all of february! so we on? |
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Unfortunately I´m an late BTC adaptor (april 2013) and a member here since 2-3 months. I wonder, were this threads also like this 1-2 years ago? I mean, were people making threads with "will Bitcoin ever reach $10 or $100"?? I ask this because maybe we are awaiting too much grow from BTC at this point? I myself also cant imagine that 1BTC will be even worth $10.000.
INCREDULITY CHECKPOINTS I HAVE KNOWN by sgbett aged 37 and a half. #1 When it broker back through the ATH of $30 #2 When it just carried on. #3 When it broke $100. omg. #4 When it just carried on. #5 When it broke $200. Holy shit. crash. and pause for breath. well that that was fun whilst it lasted. never gonna see that kind of action again... #6 When after just a few months, it retested ATH and smashed through it #7 $300,$400,$500. rofl this is rediculous (sic) #8 $1000. srsly wtf. At all times $price*2 was considered wild. Price*10 was laughed out of town. This be the craziest BiTCh I ever did see. |
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0.1BTC says it never goes below $750 (bitstamp) all of february! Hey its February now and its $804 at Bitstamp so you've just lost the bet  $804 is below $750? Where am I? Muriburiland! |
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0.1BTC says it never goes below $750 (bitstamp) all of february! Hey its February now and its $804 at Bitstamp so you've just lost the bet QFT |
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0.1BTC says it never goes below $750 (bitstamp) all of february! |
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My prediction will come true. And when it does, I expect a donation from everyone here. Otherwise I will never again share insider information with you guys . Prediction fail. This morning the sun rose (except in China where it is too polluted unfortunately). Bitcoins spiked up and then settled at $800. Man, was I disappointed. If it went up, great! If it went down, also great! But it did a big fat nothing. the 31st isnt over yet Now it is, now it is my friend. I obviously meant the 31st of January, 2015. Not 2014. Silly you! (Proudhon please confirm this). My prediction will come true. And when it does, I expect a donation from everyone here. Otherwise I will never again share insider information with you guys . Prediction fail. This morning the sun rose (except in China where it is too polluted unfortunately). Bitcoins spiked up and then settled at $800. Man, was I disappointed. If it went up, great! If it went down, also great! But it did a big fat nothing. the 31st isnt over yet Now it is, now it is my friend. I obviously meant the 31st of January, 2015. Not 2014. Silly you! (Proudhon please confirm this). Cannot confirm. Also, as I've completed what I consider my magnum opus, and finding myself seriously exhausted from it, I need to take a breather from the spec forum again. See you later, guys.  It was a lovely stay, very entertaining and a most triumphant finishing touch. Keep HODLing brother. |
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The smell of cult is strong in this one.  Technical Analysis cultists drinking the TA Koolade? So, is that an elliot wave? |
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