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Author Topic: Bet: Bitcoin to rise above $49 within the next 30 days.  (Read 1408 times)
Anonymous
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June 12, 2011, 05:26:10 AM
 #1

This market will settle at 1 Bitcoin if Bitcoin rises above $49 within the specified time and date.

The market will settle at 0.00 Bitcoins if Bitcoin does not rise above $49 within the specified time and date.

Expiry will be based on official data from Mt. Gox and TradeHill. This market will be settled when said rise is announced. The rise does not need to take effect for the market to be settled.

I am selling shares of this bet at .95 BTC. A share will entitle you to the market rate from the share creator at the end of this bet. If you think this event will occur, buy from me or other sellers. If not, sell your own shares using this existing contract.



I thought I would make an opposing gamble. I have a feeling this one will get more attention.
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imperi
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June 12, 2011, 05:28:03 AM
 #2

Again I don't understand how to bet, but I think this will happen at 60:40 odds. (60 for)
Anonymous
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June 12, 2011, 05:29:53 AM
 #3

Again I don't understand how to bet, but I think this will happen at 60:40 odds. (60 for)
If you want to bet on it happening, you can buy a share from me for .95 BTC. Once it happens I'll give you 1 BTC.

...or you can wait for others to sell their own shares for much cheaper or sell your own if you believe it will happen. I am sorry you don't understand. : ( Just keep asking for details.
hazek
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June 12, 2011, 05:30:45 AM
 #4

Or you can just go over here: https://bitoption.org/

Good luck.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
imperi
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June 12, 2011, 05:39:19 AM
 #5

Again I don't understand how to bet, but I think this will happen at 60:40 odds. (60 for)
If you want to bet on it happening, you can buy a share from me for .95 BTC. Once it happens I'll give you 1 BTC.

...or you can wait for others to sell their own shares for much cheaper or sell your own if you believe it will happen. I am sorry you don't understand. : ( Just keep asking for details.

Ok, that makes sense. I might on Monday since I'm not at my place right now.

Someone really needs to make a prediction market website, so you can create predictions about anything, with an expiration date, and these act like shares that people can buy/sell.
jhansen858
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June 12, 2011, 05:39:25 AM
 #6

Let me go get a degree in finance and i'll get back to you.

Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
Anonymous
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June 12, 2011, 05:41:10 AM
 #7

Let me go get a degree in finance and i'll get back to you.
I don't even have my high school degree yet and I understand this. You can too very easily.
AntiVigilante
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June 12, 2011, 06:13:10 AM
 #8

This is an interesting bet.

I'm 80/20 on it being correct.

However, that does not justify spending .95 BTC for a .05 BTC increase. $2.50. LOL.

Maybe explain the process better using inputs and outputs. $2.50 is low gain over a 5 fold increase after the crash. The loss of $49 worth. Dude surely I'm mistaken.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
Babylon
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June 12, 2011, 06:21:20 AM
 #9

Again I don't understand how to bet, but I think this will happen at 60:40 odds. (60 for)
If you want to bet on it happening, you can buy a share from me for .95 BTC. Once it happens I'll give you 1 BTC.

...or you can wait for others to sell their own shares for much cheaper or sell your own if you believe it will happen. I am sorry you don't understand. : ( Just keep asking for details.

Ok, that makes sense. I might on Monday since I'm not at my place right now.

Someone really needs to make a prediction market website, so you can create predictions about anything, with an expiration date, and these act like shares that people can buy/sell.

That's a project that people have eben working on since bitcoins were at about 10 cents each.

I know Kiba was working on it fairly seriously.  The only one that really came to much was bitcoin sportsbook, which also took bets on bitcoin prices, they didn't allow users to make their own markets thoguh, which I think would have greatly increased the utility.

Anonymous
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June 12, 2011, 06:48:45 AM
 #10

This is an interesting bet.

I'm 80/20 on it being correct.

However, that does not justify spending .95 BTC for a .05 BTC increase. $2.50. LOL.

Maybe explain the process better using inputs and outputs. $2.50 is low gain over a 5 fold increase after the crash. The loss of $49 worth. Dude surely I'm mistaken.
Well, I'm not intending to be the only selling this bet. Frankly, I feel it's going to happen, hence my high price.
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