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Author Topic: This bet will be impressively close.  (Read 1652 times)
alan2here (OP)
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April 14, 2013, 10:12:41 PM
 #1

http://betsofbitco.in/item?id=1414

It seemed like a safe yes bet not so long ago.

Edit: Sorry, thread should be in speculation.

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April 14, 2013, 10:19:24 PM
 #2

That is impressive.  Using Eastern Time as the zone for the bet could determine the outcome...

Dankedan: price seems low, time to sell I think...
alan2here (OP)
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April 14, 2013, 10:37:32 PM
 #3

Think it was calculated somehow?

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em3rgentOrdr
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April 14, 2013, 10:40:09 PM
 #4

I suppose someone that either has a lot of bitcoin or a lot of USD on mt gox could easily influence this result by swaying to the exchange rate to one side or the other...

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April 14, 2013, 11:04:15 PM
 #5

Im not sure how MtGox records their prices....

but could i just buy .000001 bitcoins at $100,000/btc and claim that the price hit an all time high?

these bets about future prices seem a little lopsided if that is the case.

why would anyone bet against them, if i could influence the bet in one direction for less money than i would win from the bet?
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April 14, 2013, 11:14:20 PM
 #6

Im not sure how MtGox records their prices....

but could i just buy .000001 bitcoins at $100,000/btc and claim that the price hit an all time high?

these bets about future prices seem a little lopsided if that is the case.

why would anyone bet against them, if i could influence the bet in one direction for less money than i would win from the bet?

You'd buy into the lowest offer.
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April 14, 2013, 11:41:52 PM
 #7

it will probably be a draw
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April 14, 2013, 11:49:53 PM
 #8

it will probably be a draw
I doubt that the outcome depends on anything real... https://bitcointalk.org/index.php?topic=165500.0

kalinka
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April 14, 2013, 11:53:51 PM
 #9

It will be close, but it's going to hit that point at some time during the day.

Kazu
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April 15, 2013, 02:42:11 AM
 #10

http://betsofbitco.in/item?id=1414

It seemed like a safe yes bet not so long ago.

Edit: Sorry, thread should be in speculation.

Dude you totally won.

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April 15, 2013, 02:45:11 AM
 #11

It will be close, but it's going to hit that point at some time during the day.

Nope... Wrong again.
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April 15, 2013, 03:16:26 AM
 #12

Im not sure how MtGox records their prices....

but could i just buy .000001 bitcoins at $100,000/btc and claim that the price hit an all time high?

these bets about future prices seem a little lopsided if that is the case.

why would anyone bet against them, if i could influence the bet in one direction for less money than i would win from the bet?

You'd buy into the lowest offer.

He obviously doesn't know how markets work. lol leave him be  Cheesy

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