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Author Topic: Bet: We will not see single digit bitcoin price in 2013.  (Read 2524 times)
evolve
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April 09, 2013, 03:17:39 AM
 #41

As I expected, no bear wants to accept my troll bet. When they need to put their money where their month is they start to get serious with things like odds and lose confidence with their "single digits" prediction, it's all fine, but hopefully they can also keep that in mind next time they start spouting "doom and gloom" bullshit again.

No, it's a bad bet with limited potential upside and unlimited potential downside. People smart enough to see that BTC is in a bubble are also smart enough to know a stupid bet when they see one. 






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April 09, 2013, 03:21:46 AM
 #42

As I expected, no bear wants to accept my troll bet. When they need to put their money where their month is they start to get serious with things like odds and lose confidence with their "single digits" prediction, it's all fine, but hopefully they can also keep that in mind next time they start spouting "doom and gloom" bullshit again.

No, it's a bad bet with limited potential upside and unlimited potential downside. People smart enough to see that BTC is in a bubble are also smart enough to know a stupid bet when they see one.  








The classical definition of a bubble bust is the price plunges lower than where it started, so if you're 99% confident the "bubble" will bust, you must be at least 90% that we'll get back to that price point I suppose? in our case the rally kickstarted at $13.7, $10 is not too far off. And yeah, if you propose to change the target to $15 I am fine, someone get caught in a bubble and still make a 10% profit per year, much higher than almost any bank can give him, are you kidding me?

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
evolve
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April 09, 2013, 03:45:58 AM
 #43

Yeah, still a ridiculously bad bet that no one would ever take (limited upside and unlimited downside).

If you don't understand that, its not surprising you can't see an obvious bubble.

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April 09, 2013, 04:12:43 AM
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I don't think Bitcoin is in a bubble, but I have to agree, this is a stupid bet.
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April 09, 2013, 05:54:53 AM
 #45

Yeah, still a ridiculously bad bet that no one would ever take (limited upside and unlimited downside).

If you don't understand that, its not surprising you can't see an obvious bubble.



As I have stated it's a troll bet after all, designed to give you bears a reality check.

If anything is ridiculous it's you bears' delusion to be able to buy back at low price lol. Grin I see that you're probably too timid to give a target afer all, no surprise, as you have never been able to provide any falsifiable target out of those bubble talks, which are utter rubbish or FUDs for this reason.

And as far as I am concerned, something most certainly in a bubble does not have unlimited potential downside for someone bet against it. Wink

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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