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[adaseb]

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

[leea-1334]

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

Never say never I always say in crypto. I do not think a 100 years ago people thought they would be able to see gold make this much and get this much attention. 10 years ago people were saying $30 was a pipe dream and now even stupid altcoins get $30 easily.

We will probably not be around to live and see btc get 1 billion but I suspect 1 million is a matter of years.

[slaman29]

Dont get wound up on the price, consider the market capital in total and then contrast it to various other markets.   When bond markets are unwinding in value which is inversely when interest rates rise as inflation is perceived or ongoing in high street prices then you have a possible flow of capital from the largest market in the world which is debt and government securities trading.    

Exactly! Unless you're specifically a trader who speculates on price or some kind of gambler looking at options and futures with contract expiry happening soon, then price isn't important to you. You're holding or you're investing in a future, where price (at a chart limit of weeks and months and years) is always on the uptrend. And look at underlying value like you said, capital flow is coming into Bitcoin, not going out.

[jostorres]

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

I agree that $100k is definitely not possible this year and it will probably stay at maximum 30k even if it has a huge bull run. However saying 1 million is impossible ever is a bit over exaggeration don't you think?

I mean we are talking about bitcoin here and I am not entirely sure if it will exist in 100 years, technology keeps improving and we didn't had credit cards just 100 years ago and now it is vital part of our life, so maybe in 100 years bitcoin will be super adopted common thing or maybe something else that is much better will come out and bitcoin will be zero. Still, if it is still around in 100 years, considering all the inflation and all that 1 million is not impossible for bitcoin at all, in 30-40 years time it looks still quite possible.

However, $100k just this year is definitely a very very stretch possibility, probably as close to impossible as it gets without being technically impossible.

[BitcoinsGreat]

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ?  or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet. 

[docthusinh]

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ?  or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet. 

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

[UserU]

]

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

I was one of them, hue hue

[Kakmakr]

My bet was placed on the price being $20 000 by the end of 2020 and I am over optimistic with that guess, because I am guided by the previous price history and a 3 year price cycle that are not confirmed. (My own observation) 

McAfee just make all these wild price predictions to get attention from the media and to keep himself relevant. We all knew he would back out from the bet to cut off his private parts, if he lost that last bet. 

I hope being conservative, would help to be more accurate with my predictions, but as we know... nothing in Bitcoin is predictable. (Price speculation is mostly based on hidden agendas and hype) 

[BitcoinsGreat]

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ?  or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet. 

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

Even 50,000 USD bitcoin price is hard to achieve this year. If you want a safe bet you can bet that bitcoin will reach 20,000$ by the end of this year. This will be very much possible because bitcoin prices reaches the all time high after every halving and it can continue to do so this year also.

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[Nadziratel]

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I couldn't win a 10k sats over a month. What do you think? Can I win this car

[stingray777]

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ?  or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet. 

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

Even 50,000 USD bitcoin price is hard to achieve this year. If you want a safe bet you can bet that bitcoin will reach 20,000$ by the end of this year. This will be very much possible because bitcoin prices reaches the all time high after every halving and it can continue to do so this year also.

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

[TheQuin]

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

Here's an interesting thread on the subject where someone who knows a thing or two makes a good point.

Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era.

[SirLancelot]

There is no 20k option in the bet section? I mean its great that you think it will be 20k but the options are 5k,10k,25k and 50k. Which makes sure that anything over 17.5k goes towards 25k bet and anything under 37.5k goes to 25k bet as well so the 17.5k/37.5k range is definitely consisting of 20k and many numbers in between and definitely is a good bet that I would wager as well however I should point out once again that there is no 20k.

I personally do not bet on the price because it can literally be anything inside a year, bitcoin is too volatile for my taste to bet on something like that however if I were to bet I would probably pick 25k as well, that one has more prices in between with 20 thousand dollar range then any other price that is nearby to current one. Also another thing I realized in betting, Andrew Yang is second most wagered in DNC nominee, dude is 6th right now in polls, dunno if you guys know something I don't but he has a very very slim chance of getting it, it is 100% going to be either biden or bernie and maaaybe warren, no 4th option realistic right now.

[stingray777]

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

Here's an interesting thread on the subject where someone who knows a thing or two makes a good point.

Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era.

Damn this makes it even crazier.. Oh LORD OF CRYPTO!!! Why art though so unpredictable?!

Jokes aside, you got any pointers on what affects BTC price? or lemme rephrase it, does anyone have any idea on how BTC price works?

[adaseb]

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

Here's an interesting thread on the subject where someone who knows a thing or two makes a good point.

Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era.

Damn this makes it even crazier.. Oh LORD OF CRYPTO!!! Why art though so unpredictable?!

Jokes aside, you got any pointers on what affects BTC price? or lemme rephrase it, does anyone have any idea on how BTC price works?

Next week I think the CME will finally launch Bitcoin Options so you guys can start taking bets there pretty much speculating if you really think it will hit $20K or $100K by the end of the year.

Since the futures platform is regulated you don't need to worry about issues with empty insurance funds to cover the losses if BTC indeed does have a crazy rally from here to about $20-$100K.

However you will see when the bitcoin options launch the premium for crazy calls like $20K+ are all going to be cheap because many are fairly confident that it won't reach that high.

So buying these options is more of like a bet, basically low probability, low risk but very high reward if it actually works out. Kind of like playing dice on 5/100 odds.

[RealMalatesta]

I am not entirely sure if risking it that much is smart. I mean I understand the need on people to make as much money as possible, I would love to make as much money as possible as well, hell we are on a casinos topic right now proving that we all want to make money, however does risking that much money is the option?

I wouldn't personally use neither trading options nor leverage or anything else but I still think price will go up as well, I just buy bitcoins straight up and that is my gamble, maybe price will go down from this price and I will be wrong but that is a risk I can take with maximum couple thousand loss, on the other hand you leverage or use options and you have a chance to lose it all in a single second if it goes wrong way even a bit, that is not a risk I am willing to take.

[JohnBitCo]

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I couldn't win a 10k sats over a month. What do you think? Can I win this car

Why not ? Don't be disappointed if you are winning less in a month or so. Golden ticket for a Lambo is a life time opportunity and everyone should try their luck. You never know when you become lucky and won a Lambo which can change your life. I can only suggest that do not miss this life changing chance.

[Betwrong]

@Betwrong no I didn't buy any of my tickets at all, never bought a single ticket. I got all of it from freerolls and multiply. Been slowly accumulating a big balance on the site and gambling with it, very conservatively with max amount bet 10% of bankroll and always taking advantage of RP bonus.

Oh, I see. So, in fact, I spent more money on lottery tickets than you did. I too receive free tickets every free roll, but since the price is only 1 Satoshi, sometimes I'm tempted to buy more myself, especially when I see that people frequently win good prizes with around 1k tickets(an amount you can't accumulate from free rolls in one week.) As for 1 ticket for every 0.00000500 BTC wagered, I decided that I'd rather buy 1 ticket for 1 satoshi, but if you play Multiply BTC game anyway, then it's a good bonus for you.


It's less than 2 hours left until the bets on "Wolves vs Newcastle" will stop being accepted. I bet on the Draw because I think there are good chances for that, although I know that most people predict Wolves winning the game.

[hosseinimr93]

I too receive free tickets every free roll, but since the price is only 1 Satoshi, sometimes I'm tempted to buy more myself, especially when I see that people frequently win good prizes with around 1k tickets(an amount you can't accumulate from free rolls in one week.) As for 1 ticket for every 0.00000500 BTC wagered, I decided that I'd rather buy 1 ticket for 1 satoshi, but if you play Multiply BTC game anyway, then it's a good bonus for you.

It doesn't matter how much a ticket costs. It doesn't make any difference even if each ticket costs 1 mBTC. Because you are not the only person who buys tickets at 1 satoshi.
Also, your chance will not increase if you buy tickets at 0.1 satoshi.

Assume that 200 million tickets have bee distributed among participants and each ticket costs 1 satoshi. You spend 1 mBTC and buy 100,000 tickets. In this case your chance to win the first place of the lottery would be 100,000/200,000,000=0.05%.

If the price of each ticket is 1 mBTC, your chance of winning doesn't change. In this case you will buy 1 ticket with your 1 mBTC and total number of tickets will be 2000. Your chance will be 1/2000=0.05%.

So, if you think buying lottery tickets is a good opportunity because they are cheap, you are completely wrong.
It's like that someone says I prefer dogecoin to bitcoin, because a dogecoin costs only 0.002 dollar. Instead of buying one bitcoin I can buy 4 million dogecoin. Total supply should be also considered. And in a lottery you should pay attention to total number of tickets and also the percentage of the total pool which will be awarded to winners.