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Author Topic: $10,000 by 2016 very likely  (Read 5416 times)
Elwar
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November 28, 2013, 08:42:24 AM
 #1

1 Bitcoin will be worth at least $10,000 by 12/31/2016
Success of this bet will occur if 1 Bitcoin is valued at $10,000 or more on one of the largest exchanges of the time (based upon top 4 trading volumes/day).
The $10,000 is in Federal Reserve Notes (US dollars).

Info
Opening date: April 14, 2013
Bet deadline: Dec. 3, 2016 end of day Eastern Time
Event date: Dec. 31, 2016 end of day Eastern Time
Category: Economics
Total agree bets: 0.90
Total disagree bets: 0.90
Total weighted agree bets: 27663.920
Total weighted disagree bets: 28514.809

http://betsofbitco.in/item?id=1532

1 to 1 bet right now, put your bet in to double your bitcoins when it reaches $10k

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1534880098
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beetcoin
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November 28, 2013, 08:46:27 AM
 #2

that looks like a good bet to me. high likely that it will reach $10,000.. at least more than 50% chance in my opinion.

so this is the futures market that i was asking for. i wonder if this has killed business for intrade.com?
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November 28, 2013, 09:20:04 AM
 #3

The only thing Im afraid is if betsofbitco.in will be working in 3 years

Can this bet be resolved sonner than Dec. 31, 2016 ?

bitleif
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November 28, 2013, 09:38:37 AM
 #4

Does this include the chance of a hyperinflationary scenario in the USD by 2016? I don't view that as very likely, but possible.
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umad?


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November 28, 2013, 09:57:32 AM
 #5

The only thing Im afraid is if betsofbitco.in will be working in 3 years

Can this bet be resolved sonner than Dec. 31, 2016 ?
hello ausieoutlaw Cheesy
NUFCrichard
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November 28, 2013, 10:01:59 AM
 #6

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...
beetcoin
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November 28, 2013, 10:47:13 AM
 #7

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

if a big name like western union jumped into the game, it would be funny because they'd probably fall fIat on their face. i think a lot of people would be against it since most of us here are anti establishment.
seanneko
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November 28, 2013, 10:57:04 AM
 #8

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.
bitleif
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November 28, 2013, 11:13:16 AM
 #9

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

Extrapolating an exponential curve is pretty dangerous though.
seanneko
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November 28, 2013, 11:32:20 AM
 #10

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

Extrapolating an exponential curve is pretty dangerous though.

Absolutely. Is it really an exponential curve though? I just zoomed out to a 12h chart and the November rally pretty much looks like a straight line on the linear chart.
Gordonium
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November 28, 2013, 03:41:56 PM
 #11

Will probably happen in 2014

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Hawker
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November 28, 2013, 03:56:45 PM
 #12

Will probably happen in 2014

Atlas you have been here since the beginning.  How many Bitcoin do you have stashed away?
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November 28, 2013, 03:58:28 PM
 #13

Yep, very likely outcome

I_bitcoin
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November 28, 2013, 04:00:37 PM
 #14

Will probably happen in 2014

+3.14159

It's the circle of life and it moves us all.

No matter where you go, there you are.
Gordonium
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November 28, 2013, 04:08:35 PM
 #15

Will probably happen in 2014

Atlas you have been here since the beginning.  How many Bitcoin do you have stashed away?

I am not Atlas.

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Hawker
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November 28, 2013, 04:25:43 PM
 #16

Will probably happen in 2014

Atlas you have been here since the beginning.  How many Bitcoin do you have stashed away?

Atlas posted in the newbie section under another new name a few months ago. He said he gave up bitcoin and started meditating or some shit.

Sorry Gordonium.

And wow!  He timed that well didn't he!  Pity as I used enjoy his threads in the Politics forum.
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November 28, 2013, 04:56:07 PM
 #17

if a big name like western union jumped into the game, it would be funny because they'd probably fall fIat on their face. i think a lot of people would be against it since most of us here are anti establishment.

This is actually one of the inevitable psychological challenges faced by members of every subculture as their shared interest begins to go mainstream. If Bitcoin really has the broad utility we all think it does, it's only a matter of time before people and organizations most of us disapprove of begin benefiting mightily from "our" beloved cryptocurrency. That's going to feel particularly galling in the case of banks and other traditional money transmitters, but there's no avoiding it if broad adoption of Bitcoin really is in the cards.

1enUo5AVqwx4LradGPimKJAvV5gzK1Z3g
TheD1ceMan
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November 28, 2013, 05:43:04 PM
 #18

we will see 10k in 2014

If you want to buy my a beer: 1C63v2YbqMmt6hb1EqxouaVxheCt1fBTBa
jerelimZ
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November 28, 2013, 05:56:28 PM
 #19

No one betting?
It is safe bet except I would preffer escrow


 
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November 28, 2013, 08:44:29 PM
 #20

Meh 10k that's for sure but 100k by the end of 16 this is interesting
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