A cool bet would be to bet if bitcoin will or will not reach 1000 before january 1 2017. Would you bet a yes or a no?
i never bet on bitcoin price as a gamble, i always do "trading" instead. because of what i'll explain bellow.
I think I would bet like 0.5 BTC that we might see 1000, at this rate it's really possible.
how much are you going to win by betting 0.5
BTC anyways?
if you lose that bet and price doesn't go that high you lose 0.5
BTC and if you win you will gain a very small amount.
however if you instead buy 0.5
BTC in a dip (like yesterday's dip) if you lose (meaning price don't go to $1000) these are the scenarios:
- price is either higher which means you make profit
- price stays the same and so does your money
- price goes down which means you lose a very tiny amount because you bought in a dip and it really can not go any lower than that.
At this point we might hit 1200 in a couple of days..
i wouldn't count on it.