|
262
|
Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official)
|
on: September 05, 2012, 01:58:15 PM
|
Beware of the man who does not drink ..for he may have imagination and not need to be chemical dependent to have a good time.
I don't really see the point about imagination. And FYI, needing alcohol != enjoying alcohol The saddest thing is when a grown man cannot enjoy himself without consuming a substance, and then defends it. Never said it was the case (In fact it's not). I like both. Anyway, probably a sterile discussion Let's go back to your bet  |
|
|
|
|
265
|
Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
|
on: September 04, 2012, 06:47:51 PM
|
If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy. That sounds like a fact. Not a verified/documented one though (that I know). If it's true, we should have more info on that soon I guess. |
|
|
|
|
267
|
Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
|
on: September 03, 2012, 02:48:37 PM
|
to reiterate: if gold hits $1900 before it hits $1500, you both win 1 BTC from me. if gold hits $1500 before it hits $1900, i win 1 BTC from each of you. no time limit.
please confirm.
Willing to write another one of these for an amount a lot larger than 1 BTC? no but i will bet you 1 BTC. this would be my last bet extended to anyone here b/c clearly, as the only one around here who thinks that gold can go down, i don't want to overextend myself as i could be wrong and i don't want the mob descending on me here in this thread. but winning 1 BTC from the great Trace Mayer would be quite a feather in my cap going forward actually, i don't expect that my odds are much greater than 51-49% in my favor as the momentum behind the last breakout favors you bulls. its just that i do believe in my TA and intuitive abilities enough to make what might be a really stupid bet. and given the economic backdrop of where we are cyclically, i just don't see how Bennie, acting as a true modern day reverse Robin Hood, can steal much more money from the American ppl than he already has. yes, at this point in time in the cycles, i am a Deflationist and that puts me in a distinct minority of one in these parts. there will be a day when i turn Inflationist but its just not now. What about Trace giving you better odds then ? I can say it now that the bet is done, but i would have gone as far as 3:1 on this bet. |
|
|
|
|
269
|
Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
|
on: September 02, 2012, 09:08:33 PM
|
i honestly was going to take that bet from both of you but as gold is an important part of my newsletter analysis i can't be seen as having a conflict of interest. too bad.
Should i conclude that you closed your shorts ?  Thanks cypherdoc, that was the best joke of the day |
|
|
|
|
270
|
Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
|
on: September 02, 2012, 07:33:18 PM
|
|
The way I understand it (and propose to bet on it), is :
If the price of gold go above 1900$ I win and the bet is closed
If the price of gold go under 1500$ my opponent win and the bet is closed
If non of these conditions are realized, the bet is void
|
|
|
|
|
272
|
Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
|
on: September 02, 2012, 06:18:35 PM
|
Quietness and humbleness are oozing from thread.
so you've declared victory? it's all over; gold is going to $30,000/oz? what is exactly your prediction so we can put it on the record too? I predict that gold will go over $1900 before it goes under $1500. Agree, would gladly bet a symbolic 1BTC on that. Deal cypherdoc or adamstgBit ? |
|
|
|
|
276
|
Economy / Service Discussion / Re: pirate payments list -- accounts paid: 22/459
|
on: August 31, 2012, 11:05:04 PM
|
Especially since he's also a creditor of BTCST. Have you been paid back gigavps/Do you have solid proof that you'll ? The timing of this rating is weird to say the least If I am wrong, we'll then, he has some of my coins and there is nothing I can do about that.
|
|
|
|
|
277
|
Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official)
|
on: August 31, 2012, 09:22:12 PM
|
Reading this thread makes me realize how weak people are in game theory and statistics. organofcorti : Thanks for defending Maths  Not sure understanding either is necessary to understanding compound interest...and that's all ya really gotta know to see through the pirate scandal. I agree, I was more talking about "Investments are not bets" or "Luck is not involved in risk" |
|
|
|
|
279
|
Economy / Service Discussion / Re: Details of Pirate's Investment Strategy
|
on: August 31, 2012, 08:25:46 PM
|
he was running a ponzi from day one.
I still don't believe this. He simply got in over his head, after it grew exponentially with PPT offerings. The thing which makes me think that is his interest rates. Either he's stupid, and thought we would find a way to make it profitable, either he's smart and it was a ponzi. Maybe i'm overestimating him |
|
|
|
|
280
|
Economy / Service Discussion / Re: Details of Pirate's Investment Strategy
|
on: August 31, 2012, 08:19:49 PM
|
My theory is close to yours, except that he was running a ponzi from day one (WhyTF would he borrow at 7%/week ?). GPUMax always have been used to get clean coins (who else use it anyway ?). And now he's going to default on his debt, declare bankruptcy, and run with his clean coins. We'll see if he indeed declare bankruptcy, and if indeed GPUMax rates go down to a more realistic level. |
|
|
|
|
Show Posts
