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Author Topic: LTC Price Bet  (Read 1008 times)
Scott J
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June 15, 2013, 07:59:15 PM
 #1

In order to hedge some LTC options that I hold, I'd like to bet the following:

LTC will not reach $6 or more on BTC-e or MtGox (Grin) before the end of August 2013.

I would like the bet to be in LTC. Give me your offers.

This will have to go on trust as I will not have the LTC until I cash in the contracts, so I cannot put the LTC into escrow before hand.

I can link to loads of positive feedback if needs be. I will only bet with trusted members as it would be unfair for me to ask the other party to escrow if I can't.

Previous bet with cdog:

https://bitcointalk.org/index.php?topic=207379.msg2188121
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JohnSy
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June 16, 2013, 12:42:10 AM
 #2

In order to hedge some LTC options that I hold, I'd like to bet the following:

LTC will not reach $6 or more on BTC-e or MtGox (Grin) before the end of August 2013.

I would like the bet to be in LTC. Give me your offers.

This will have to go on trust as I will not have the LTC until I cash in the contracts, so I cannot put the LTC into escrow before hand.

I can link to loads of positive feedback if needs be. I will only bet with trusted members as it would be unfair for me to ask the other party to escrow if I can't.

Previous bet with cdog:

https://bitcointalk.org/index.php?topic=207379.msg2188121
wat are we betting om
Scott J
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June 16, 2013, 06:17:22 AM
 #3

I'm saying that LTC will not reach $6 or more on BTC-e or MtGox before the end of August 2013.

I'm looking for people to take the opposing side.
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June 16, 2013, 06:19:26 AM
 #4

I'm saying that LTC will not reach $6 or more on BTC-e or MtGox before the end of August 2013.

I'm looking for people to take the opposing side.

What happens if everyone agrees with you?

Scott J
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June 16, 2013, 06:23:55 AM
 #5

I'm saying that LTC will not reach $6 or more on BTC-e or MtGox before the end of August 2013.

I'm looking for people to take the opposing side.

What happens if everyone agrees with you?
Then I am out of luck Cheesy
icey
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June 16, 2013, 10:21:22 AM
 #6

Your looking for somebody to lay even money against your bet? Good luck, somebody might do it but not for me thanks.

Might be worth asking somebody to lay you odds and discuss a price
Scott J
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June 16, 2013, 10:36:55 AM
 #7

Your looking for somebody to lay even money against your bet? Good luck, somebody might do it but not for me thanks.

Might be worth asking somebody to lay you odds and discuss a price
This is what I would like, I'm open to offers.
thisisgil
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June 17, 2013, 09:24:28 AM
 #8

I'm saying that LTC will not reach $6 or more on BTC-e or MtGox before the end of August 2013.

I'm looking for people to take the opposing side.

Seriously, good luck with that. If you can find someone willing to take that bet, send them my way because I'd like them to take the opposing side on my "Martians will not land before the end of August 2013" bet.

The way things are currently looking with the btc fluctations, uncertain ltc mtgox status etc, I'd probably be tempted to bite at odds no less than 66/1 - and even then, I'd probably have to think twice before taking it.

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June 17, 2013, 03:26:14 PM
 #9

Hmmmm, well not Mt. Gox since that is never happening and if it does it's not anytime soon.

I think 6 is tough because it did just pump and dump to 5.55 before or whatever. What are the odds you're laying on it? Does it just have to peak over 6 one time? And it could the value it be adjusted to maybe say 7 or 8 (Fixing the payout ratio etc.)

I am interested, BTW. PM if you like.

Tips for Tips: 1Jy8ZycPNjnwNLevNwoRRqPAKkZ8Fqnukc
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MagicBit15
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June 17, 2013, 03:28:10 PM
 #10

Hmmmm, well not Mt. Gox since that is never happening and if it does it's not anytime soon.

I think 6 is tough because it did just pump and dump to 5.55 before or whatever. What are the odds you're laying on it? Does it just have to peak over 6 one time? And it could the value it be adjusted to maybe say 7 or 8 (Fixing the payout ratio etc.)

I am interested, BTW. PM if you like.

You know what I would do, 8/1/2013. It doesn't break 7, and lay me 15 to 1. I will bet at least 1 BTC+

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MagicBit15
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June 17, 2013, 03:29:25 PM
 #11

You know what I would do, 8/1/2013. It doesn't break 7, and lay me 15 to 1. I will bet at least 1 BTC+

That's open to anyone else, also. FYI.

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MagicBit15
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June 17, 2013, 03:34:15 PM
 #12

Quote

Seriously, good luck with that. If you can find someone willing to take that bet, send them my way because I'd like them to take the opposing side on my "Martians will not land before the end of August 2013" bet.

The way things are currently looking with the btc fluctations, uncertain ltc mtgox status etc, I'd probably be tempted to bite at odds no less than 66/1 - and even then, I'd probably have to think twice before taking it.

If martians landed, and you had a like 100k bet, would this be you?


Tips for Tips: 1Jy8ZycPNjnwNLevNwoRRqPAKkZ8Fqnukc
I won the poetry contest!! https://bitcointalk.org/index.php?topic=219714.40 Thank You, Sir Lambert!!
+5 Rep: Successful Forum Transactions: https://bitcointalk.org/index.php?topic=176117.0  https://bitcointalk.org/index.php?topic=209024.0 https://bitcointalk.org/index.php?topic=233052 Check My Rep!!
Scott J
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June 17, 2013, 06:10:18 PM
 #13

Hmmmm, well not Mt. Gox since that is never happening and if it does it's not anytime soon.

I think 6 is tough because it did just pump and dump to 5.55 before or whatever. What are the odds you're laying on it? Does it just have to peak over 6 one time? And it could the value it be adjusted to maybe say 7 or 8 (Fixing the payout ratio etc.)

I am interested, BTW. PM if you like.
It would just have to peak once.

You offer 1/15 @ $7 which is far too short for me, I'm afraid.



MagicBit15
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June 17, 2013, 06:28:26 PM
 #14

Hmmmm, well not Mt. Gox since that is never happening and if it does it's not anytime soon.

I think 6 is tough because it did just pump and dump to 5.55 before or whatever. What are the odds you're laying on it? Does it just have to peak over 6 one time? And it could the value it be adjusted to maybe say 7 or 8 (Fixing the payout ratio etc.)

I am interested, BTW. PM if you like.
It would just have to peak once.

You offer 1/15 @ $7 which is far too short for me, I'm afraid.



Well what odds are you looking to lay? etc

Tips for Tips: 1Jy8ZycPNjnwNLevNwoRRqPAKkZ8Fqnukc
I won the poetry contest!! https://bitcointalk.org/index.php?topic=219714.40 Thank You, Sir Lambert!!
+5 Rep: Successful Forum Transactions: https://bitcointalk.org/index.php?topic=176117.0  https://bitcointalk.org/index.php?topic=209024.0 https://bitcointalk.org/index.php?topic=233052 Check My Rep!!
Scott J
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June 17, 2013, 06:47:54 PM
 #15

Hmmmm, well not Mt. Gox since that is never happening and if it does it's not anytime soon.

I think 6 is tough because it did just pump and dump to 5.55 before or whatever. What are the odds you're laying on it? Does it just have to peak over 6 one time? And it could the value it be adjusted to maybe say 7 or 8 (Fixing the payout ratio etc.)

I am interested, BTW. PM if you like.
It would just have to peak once.

You offer 1/15 @ $7 which is far too short for me, I'm afraid.



Well what odds are you looking to lay? etc
It seems I was being rather rather optimistic, but I was looking for a 1/1 or maybe 1/2 that the price won't hit $6.

If could possibly stretch to 1/3 if the the price was higher.

MagicBit15
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June 18, 2013, 01:10:20 AM
 #16

Hmmmm, well not Mt. Gox since that is never happening and if it does it's not anytime soon.

I think 6 is tough because it did just pump and dump to 5.55 before or whatever. What are the odds you're laying on it? Does it just have to peak over 6 one time? And it could the value it be adjusted to maybe say 7 or 8 (Fixing the payout ratio etc.)

I am interested, BTW. PM if you like.
It would just have to peak once.

You offer 1/15 @ $7 which is far too short for me, I'm afraid.



Well what odds are you looking to lay? etc
It seems I was being rather rather optimistic, but I was looking for a 1/1 or maybe 1/2 that the price won't hit $6.

If could possibly stretch to 1/3 if the the price was higher.



Do you just want me to hand you money? That is ridiculously in your favor. Sorry.

Ill take 1 btc+, lay 10 to 1 @ Lowest I will go 6.75.

Otherwise back to ltc roulette lol

Tips for Tips: 1Jy8ZycPNjnwNLevNwoRRqPAKkZ8Fqnukc
I won the poetry contest!! https://bitcointalk.org/index.php?topic=219714.40 Thank You, Sir Lambert!!
+5 Rep: Successful Forum Transactions: https://bitcointalk.org/index.php?topic=176117.0  https://bitcointalk.org/index.php?topic=209024.0 https://bitcointalk.org/index.php?topic=233052 Check My Rep!!
thisisgil
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June 18, 2013, 01:50:55 AM
 #17



If martians landed, and you had a like 100k bet, would this be you?



Nope. THIS would be me:


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Scott J
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June 22, 2013, 12:21:55 AM
 #18

Any interest now considering price rise/MtGox announcement?
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