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Author Topic: Bitcoin will never... reach either $10 or $20. Place your bets now!  (Read 1117 times)
RogerR
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July 09, 2011, 03:54:06 PM
 #1

I was wondering... would it influence the market if somebody put up something like this?

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Enough of this trolling. Put your money where your mouth is! I ask for a reputable source to come forward and act on behalf of the Bitcoin community as fiduciary/escrow.

Here's the name of the game:

1. Place your bet and state whether you believe it is either not gonna exceed above $20 or below $5 $10. Reason doesn't matter, opinion and OPERA SCREAMING VOLUME is all that counts!
2. Transfer bet amount to fiduciary.
3. Watch how the market crumbles or soars.
4. Whichever mark gets hit first wins!
5. Payout will be: your bet + a fraction of the opposing bets determined by your fraction of your side of the bet if you win, nothing if you lose.

Stop bitching, lets go!

I pledge 10 bitcoins to reaching $20 before $5 $10 (if total pledge amount exceeds 20 bitcoins).

edit: floor + pledge requirement changed!

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Grin
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ableorange
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July 09, 2011, 03:59:38 PM
 #2

The key thing to hold here is that they are at a dollar range and not moving down. This is very bullish.

However. Price means nothing. Value is everything and this shows me enough people value them. (& enough is under a million people). As soon as more ways to use them come of age, anyone holding them today will be very rich. This is a thread of impatience.
silverchair
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July 11, 2011, 05:17:03 AM
 #3

I bet no one's going to bet your bet, LOL  Cheesy

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Oldminer
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July 11, 2011, 05:18:14 AM
 #4

I bet you get a few bets for $15 each-way

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Jaime Frontero
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July 11, 2011, 05:19:25 AM
 #5


I pledge 10 bitcoins to reaching $20 before $5.


we have no basis for a bet, being in complete agreement.
imperi
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July 11, 2011, 05:21:40 AM
 #6

People who would bet on it reaching $5 don't even have any Bitcoins to put at stake... you wouldn't find anyone to take this bet.
BitVapes
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July 11, 2011, 06:52:10 AM
 #7

People who would bet on it reaching $5 don't even have any Bitcoins to put at stake... you wouldn't find anyone to take this bet.

just depends on the odds.  If I was given 1,000,000,000:1 I would bet on $5 even if I didn't think it was likely to happen, but those pot odds present such a +EV opportunity I couldn't pass it up.

if the pot gets big enough it would be worth it for some large holder of btc to try and purposefully push the price down to $5 temporarily just to collect the pot

as it stands now 10 BTC has been pledged on the $20 side, and I didn't see any rules about a minimum betsize so a .00000001 BTC bet on $5 to collect 10 BTC is looking pretty attractive.

Buy Electronic Cigarettes with Bitcoin @ http://bitvapes.com
opticbit
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July 11, 2011, 07:02:48 AM
 #8

make it more interesting, $10/BTC to $20/BTC

i'm not so sure here but i would still bet $20

Set up the same thing..
http://bit.ly/btcrefs
Get more bitcoins.
RogerR
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July 11, 2011, 10:43:52 AM
 #9

make it more interesting, $10/BTC to $20/BTC

i'm not so sure here but i would still bet $20

Alright, I'm feeling lucky.

Bet's changed to $10 vs $20!

Place your bets now.

edit: my pledge still holds if at least 10 more bitcoins are pledged as well (no fun if I play this game just by myself :p)!
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