JimboToronto
Legendary
 Offline
Activity: 3990
Merit: 4461
You're never too old to think young.
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January 06, 2014, 08:26:26 PM |
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Who's from Belgium here?
I'm trying to remember. It came up in a beer discussion a while back. The Belgian was pimping his own country's brews and dissing everybody else's, especially Heineken. |
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simonk83
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January 06, 2014, 08:26:52 PM |
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Just seen the bet. I am also in if possible. When is the time up?
I would say approx 46 hours or something? Yeah the more the better I'm in as well. 1BTC to Richy_T? Yes but wait for confirmation that he has Coinbull's funds! Coinbull this list is starting to run away! Put a limit on this! Will do  Might be an idea to start a spreadsheet, or at least a list in a post here  |
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samson
Legendary
Offline
Activity: 2097
Merit: 1068
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January 06, 2014, 08:27:57 PM |
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Could Gox ever be shut down for malicious practices, and in the process locking all customer funds indefinitely? I'm just wondering since they haven't paid anyone since july. And because I want to work the arbitrage with my euros, but the risk of my funds getting locked up in that shit really deters me.
As the value of BTC rises the risk of someone suing Mt Gox and shutting it down in Japan rises. It doesnt make any sense to hire Japanese lawyers if Mt Gox owes you $2000. It is a no brainer if Mt Gox owes you $20 million and isn't paying. What I want to know is why MtGox don't just write a old fashioned check ? Or they could get bank drafts / cashiers checks and FedEx them. There are other ways of sending money than wire transfers and it doesn't need to be electronic. |
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TheCoinBull
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January 06, 2014, 08:28:32 PM |
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Who's from Belgium here?
I'm trying to remember. It came up in a beer discussion a while back. The Belgian was pimping his own country's brews and dissing everybody else's, especially Heineken. At work someone who dosent have a job please do this for me.... |
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MAbtc
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January 06, 2014, 08:29:17 PM |
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I can't follow this. Link to original bet?
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magicmexican
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January 06, 2014, 08:31:55 PM |
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1 BTC bet. huge sell offs happen and price goes below 750 on gox with the next 48 hours??
Ill take that bet. Shake New thread required. I would take that bet too, but since there is a 0% chance he would pay, some sort of escrow is needed. Also make a note that to win a bet the price should go below 750, as you've said. So techically to win it needs to touch 749.999 at least once. |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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January 06, 2014, 08:34:21 PM |
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1 BTC bet. huge sell offs happen and price goes below 750 on gox with the next 48 hours??
Ill take that bet. Shake New thread required. I would take that bet too, but since there is a 0% chance he would pay, some sort of escrow is needed. I'll check back online in a couple of hours. Hopefully there will be an address to send to by then. |
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T.Stuart
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January 06, 2014, 08:35:17 PM |
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Who's from Belgium here?
I'm trying to remember. It came up in a beer discussion a while back. The Belgian was pimping his own country's brews and dissing everybody else's, especially Heineken. I have to say that I think in this case the Belgian is correct! A bit ironic for me though as I live in Belgium but don't drink. They put a lot of effort into their beer here. I think that around the world there are only 7 genuine monastic beer distilleries - and 6 of them are in Belgium. It's part of a religion to them! |
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pdawg
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January 06, 2014, 08:35:27 PM |
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TheCoinBull
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January 06, 2014, 08:35:34 PM |
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1 BTC bet. huge sell offs happen and price goes below 750 on gox with the next 48 hours??
Ill take that bet. Shake New thread required. I would take that bet too, but since there is a 0% chance he would pay, some sort of escrow is needed. Also make a note that to win a bet the price should go below 750, as you've said. So techically to win it needs to touch 749.999 at least once. trust me if its at 750 is goin to go below 749.999 thats got to be the dumbest technicality I ve ever heard. .001 BTC really |
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MAbtc
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January 06, 2014, 08:36:20 PM |
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Could Gox ever be shut down for malicious practices, and in the process locking all customer funds indefinitely? I'm just wondering since they haven't paid anyone since july. And because I want to work the arbitrage with my euros, but the risk of my funds getting locked up in that shit really deters me.
As the value of BTC rises the risk of someone suing Mt Gox and shutting it down in Japan rises. It doesnt make any sense to hire Japanese lawyers if Mt Gox owes you $2000. It is a no brainer if Mt Gox owes you $20 million and isn't paying. What I want to know is why MtGox don't just write a old fashioned check ? Or they could get bank drafts / cashiers checks and FedEx them. There are other ways of sending money than wire transfers and it doesn't need to be electronic. I wonder what reputable high volume processors would work with them. I'm skeptical. I'm sure there is no shortage of fly-by-night, high-margin processors (who probably can't handle anywhere near Gox's volume), though. Reminds me of getting shady 3rd party foreign checks from Hong Kong, Singapore, Canada, etc. with online poker. I had a check bounce on me 6 weeks after deposit with a check from a HK processor. Fuck that shit. Imagine dealing with Gox support with that kind of issue.... |
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simonk83
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January 06, 2014, 08:37:40 PM |
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The list so far, 1BTC each:
windjc
magicmexican
T.Stuart
simonk83
steelboy
niothor
saekki
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steelboy
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January 06, 2014, 08:37:49 PM |
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1 BTC bet. huge sell offs happen and price goes below 750 on gox with the next 48 hours??
Ill take that bet. Shake New thread required. I would take that bet too, but since there is a 0% chance he would pay, some sort of escrow is needed. Also make a note that to win a bet the price should go below 750, as you've said. So techically to win it needs to touch 749.999 at least once. trust me if its at 750 is goin to go below 749.999 thats got to be the dumbest technicality I ve ever heard. .001 BTC really So how do we go about putting the money up then? Have you funded the escrow? |
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magicmexican
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January 06, 2014, 08:38:27 PM |
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1 BTC bet. huge sell offs happen and price goes below 750 on gox with the next 48 hours??
Ill take that bet. Shake New thread required. I would take that bet too, but since there is a 0% chance he would pay, some sort of escrow is needed. Also make a note that to win a bet the price should go below 750, as you've said. So techically to win it needs to touch 749.999 at least once. trust me if its at 750 is goin to go below 749.999 thats got to be the dumbest technicality I ve ever heard. .001 BTC really Well what if there is a huge wall at exactly 750 and it will hold? |
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TheCoinBull
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January 06, 2014, 08:39:50 PM |
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Then Ill dump some coins and make it fall?
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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January 06, 2014, 08:40:28 PM |
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Then Ill dump some coins and make it fall?
But your TheCoinBull not TheCoinBear Bulls cant be bears, choose your name wisely. |
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niothor
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January 06, 2014, 08:43:10 PM |
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Then Ill dump some coins and make it fall?
But your TheCoinBull not TheCoinBear Bulls cant be bears, choose your name wisely. So I can't be a bull ? |
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granathus
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January 06, 2014, 08:43:29 PM |
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The list so far, 1BTC each:
windjc
magicmexican
T.Stuart
simonk83
steelboy
niothor
saekki
You forgot me. |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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January 06, 2014, 08:44:51 PM |
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3 times before did I buy into staring rallies, only for them to reverse and me panic-selling and losing some money. This time (Friday) I decided not to buy-in, and my collection of regrets acquired a new exhibit of almost $10000 not made, fiat which could have later been used to increase my BTC stash. I am still holding my position from 12 days ago, testing my steadfastness. I almost panic-bought at 950, but managed to reign in the emotions. Still curious as to where it will lead me... Will I eventually join the herd..?
bad strategy, a good strategy would be buying in batches when the price is dropping, simply never buy when the price is going up fast and never sell when the price is dropping fast, you will just get burned.... you wont catch a top neither a bottom, because seriously " who can predict a top or a bottom?" the best strategy is just buy at any point and hold for the long term, I am sure who bought from 2009-2013 doesnt regret a thing today, so now that Bitcoin is really going mainstream and it is being exposed to millions of new comers what is holding you ? |
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mellowyellow
Member
Offline
Activity: 112
Merit: 10
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January 06, 2014, 08:46:51 PM |
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Then Ill dump some coins and make it fall?
Hehe, I can see a film being made about this some day - the day people lost / made millions due to a 7btc bet So really it's a case of who's wall is biggest? 7 vs 1? TBH guys, this is a pretty silly bet to have when you don't know who the players are. Even sillier if you are the whale considering manipulating for this bet. |
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