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Author Topic: Bet: We will not see single digit bitcoin price in 2013.  (Read 2519 times)
oakpacific
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April 08, 2013, 05:54:19 AM
 #1

All the permabears out there, it's time for you to put your money where your month is,  my proposal goes like this:

1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1 BTC.

2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1 BTC.

3. Every participant has to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.

Your thoughts?


https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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empoweoqwj
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April 08, 2013, 05:59:04 AM
 #2

All the permabears out there, it's time for you to put your money where your month is,  my proposal goes like this:

1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.

2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.

3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.

Your thoughts?



Thought? You won't be able to pay every one back, but good luck, its a very brave bet
oakpacific
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April 08, 2013, 06:00:49 AM
 #3

All the permabears out there, it's time for you to put your money where your month is,  my proposal goes like this:

1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.

2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.

3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.

Your thoughts?



Thought? You won't be able to pay every one back, but good luck, its a very brave bet

I figure that the money I make off this rally alone would allow me to buy a huge amount of bitcoins if it ever goes below $10, so either way it's no problem for me.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 08, 2013, 06:02:02 AM
 #4

All the permabears out there, it's time for you to put your money where your month is,  my proposal goes like this:

1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.

2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.

3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.

Your thoughts?



This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity

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April 08, 2013, 06:02:12 AM
 #5


Thought? You won't be able to pay every one back, but good luck, its a very brave bet

whats brave about a bet where if you lose, you pay 10$, if you win, you get 100$? Smiley it would be brave bordering on stupid to accept it.

But oak, our bears have no money, market raped them repeatedly. Be kind, don't take whatever small money they may have left from them - it's like tricking children into giving you their candy Smiley

i am satoshi
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April 08, 2013, 06:03:16 AM
 #6

Why all the hoopla, just put a bet up on bitbet - let anybody get in for whatever amount they want.
oakpacific
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April 08, 2013, 06:03:50 AM
 #7

All the permabears out there, it's time for you to put your money where your month is,  my proposal goes like this:

1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.

2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.

3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.

Your thoughts?



This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity

Yes, that's why I need to pay (the number of bears)*1 BTCs if I lose, and they each only need to pay 1BTC maximum.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
oakpacific
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April 08, 2013, 06:04:46 AM
 #8

Why all the hoopla, just put a bet up on bitbet - let anybody get in for whatever amount they want.

That's exactly what I don't want, make a bet just to win a tiny amount.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 08, 2013, 07:50:41 AM
 #9

make the bet <$50 or <$75 and you might have some takers.... maybe even proudhon if he's any btc.


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April 08, 2013, 07:54:21 AM
 #10

For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.
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April 08, 2013, 07:57:00 AM
 #11

For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.

Do you have a link to that bet or any keywords to look for?

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April 08, 2013, 08:10:31 AM
 #12

For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.

Do you have a link to that bet or any keywords to look for?

There were a few threads:

https://bitcointalk.org/index.php?topic=102918.0
https://bitcointalk.org/index.php?topic=101751.0

He later got a scammer tag but it appears that Theymos took it off, after recently returning he's been trying to come into an agreement with people he was owing money to.
oakpacific
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April 08, 2013, 08:13:31 AM
 #13

For those who remember how Matthew's 10k BTC (or more? I don't remember) bet went without escrow I encourage you all to use escrow for the bet.

We can sort that out later, but first I need to see people taking the bet.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
oakpacific
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April 08, 2013, 08:14:47 AM
 #14

make the bet <$50 or <$75 and you might have some takers.... maybe even proudhon if he's any btc.

I don't expect to see any taker, instead I expect the permabears to"bet or shut up".

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Jrock
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April 08, 2013, 08:16:25 AM
 #15

I bet 100 bitcoins no one takes this bet and wins.

piramida
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April 08, 2013, 08:29:50 AM
 #16

There were a few threads:

https://bitcointalk.org/index.php?topic=102918.0
https://bitcointalk.org/index.php?topic=101751.0

He later got a scammer tag but it appears that Theymos took it off, after recently returning he's been trying to come into an agreement with people he was owing money to.

Thanks. Wow what a stupid bet that was. Even assuming he had some reasons to believe in pirate's trustworthiness (which he did not), still idiotic.

i am satoshi
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April 08, 2013, 08:42:41 AM
 #17

I miss hearing warnings about Single Digits.
bitcon
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April 08, 2013, 09:04:27 AM
 #18

I miss hearing warnings about Single Digits.

yes, i remeber the good ol' single digit days. the ones we'll tell our grandchilren about people buying pizzas and soda pops for thousands of bitcoins....


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HappyBitCoinUser
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April 08, 2013, 09:59:56 AM
 #19

If it ever goes below $10/BTC then I'm buying up 1,000 - 10,000 BTC's, or even 100,000 BTC if price is low enough.

BTC isn't going away.
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April 08, 2013, 10:04:15 AM
 #20

All the permabears out there, it's time for you to put your money where your month is,  my proposal goes like this:

1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.

2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.

3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.

Your thoughts?



This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity
+1

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