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Author Topic: Okay speculators, time to put your money where your mouth is.  (Read 2636 times)
GoWest
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August 17, 2011, 03:30:34 AM
 #1

Will Bitcoin hit $20 before the end of August, 2011?

I've got 10 BTC that says "yes."

https://moonco.in/bet/281/view

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GeniuSxBoY
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August 17, 2011, 03:42:24 AM
 #2

why do you have a link to mooncoin
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August 17, 2011, 03:43:24 AM
 #3

You'll need like $2 million dollars to get it to $20.
GoWest
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August 17, 2011, 03:49:37 AM
 #4

You'll need like $2 million dollars to get it to $20.

Well then, go ahead and bet against me and collect your easy money.

grod
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August 17, 2011, 12:05:29 PM
 #5

We're currently at a theoretical $80,000 a day to maintain $11, why is 2M (or around 3% of the total market value) in one shot such an inconceivable figure?

However, IMO I'm gambling enough being long bitcoin in the first place. I don't feel the need to increase my risk with an additional third party wagering site.  If that's what your site is, I didn't feel like registering just to find out.

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August 17, 2011, 02:13:45 PM
 #6

We're currently at a theoretical $80,000 a day to maintain $11, why is 2M (or around 3% of the total market value) in one shot such an inconceivable figure?


Because the "theoretical $80,000" is very theorietical and in practice is very false...
kiwiasian
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August 17, 2011, 03:39:03 PM
 #7

It's currently 8/17, and between high 10 and low 11. I hope it goes up again.

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
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Bigpiggy01
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August 17, 2011, 03:44:40 PM
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It should still be moving upward but there may be a bump or two along the way Grin

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August 17, 2011, 05:15:29 PM
 #9

Will Bitcoin hit $20 before the end of August, 2011?

I've got 10 BTC that says "yes."

I'll bet 2 BTC that USD/BTC will not hit $20 on the TradeHill exchange by 12:00am September 1, 2011. This will be determined with the 1m Market Data view.  One thing about this, I'll be at Burningman at the time, so I won't be able to pay until around the 6th if I do lose.
Speculator
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August 17, 2011, 06:07:31 PM
 #10

Mark my words...it is on the way UP! Cool They don't call me the speculator for nothing.
Edward50
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August 17, 2011, 06:52:48 PM
 #11

GOod luck reaching $20. You would need a massive buyers to get the price that high. Many hoarders will be selling like crazy if it reached up that high.

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
Mousepotato
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August 17, 2011, 10:39:51 PM
 #12

GOod luck reaching $20. You would need a massive buyers to get the price that high. Many hoarders will be selling like crazy if it reached up that high.

The widespread coverage of the Bitcoin Conference this weekend by mainstream media (CNN, Forbes, etc) might just do the trick...

Mousepotato
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August 17, 2011, 10:46:01 PM
 #13

before the end of august? LOL i wish.. nothing like setting your goals high.

it took massive bad news to get us down here and before that we were at 14, what is europe going to drop the euro for BTC?

I'd be happy if it was at 14 sept1st and that might be realistic.

.. ahh i see media coverage.. and I guess they wont mention mybitcoin or the guy who had 25000 coins stolen, or the exchange that lost it's wallet.. or that bitcoins fund terrorism and you can buy drugs with them online.  And of course all this has gotten easier to understand and do in the mean time .. that client is totally grandma friendly.

I bet we get more miners and i bet we get to 14 baring more bad news.. but still no on 20

mooo for rent
Bitcoin Swami
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August 17, 2011, 11:01:40 PM
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before the end of august? LOL i wish.. nothing like setting your goals high.

it took massive bad news to get us down here and before that we were at 14, what is europe going to drop the euro for BTC?

I'd be happy if it was at 14 sept1st and that might be realistic.

.. ahh i see media coverage.. and I guess they wont mention mybitcoin or the guy who had 25000 coins stolen, or the exchange that lost it's wallet.. or that bitcoins fund terrorism and you can buy drugs with them online.  And of course all this has gotten easier to understand and do in the mean time .. that client is totally grandma friendly.

I bet we get more miners and i bet we get to 14 baring more bad news.. but still no on 20

So are you going to bet? Easy 10 Btc.  I'm not going to bet cause I simply don't know and have seen stranger things happen.
GoWest
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August 17, 2011, 11:26:14 PM
 #15

I can't believe more people haven't taken the bet - only 2.1 BTC worth so far.  Come on kiddos!!

evolve
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August 17, 2011, 11:31:03 PM
 #16

Will Bitcoin hit $20 before the end of August, 2011?

I've got 10 BTC that says "yes."

https://moonco.in/bet/281/view

screw it....ill bet 2.5 btc (as long as i dont have to sign up for that site you linked to)  Smiley    are we escrowing the btc, or are we doing it on the honor system?
GoWest
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August 17, 2011, 11:43:59 PM
 #17

screw it....ill bet 2.5 btc (as long as i dont have to sign up for that site you linked to)  Smiley    are we escrowing the btc, or are we doing it on the honor system?

You have to do it on moonco.in.  It's not my site, so I have nothing to gain by it, other than the fact that it makes it easier to execute the bet.

teukon
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August 19, 2011, 06:40:21 PM
 #18

I've added a 20 BTC bet against you GoWest.  Best of luck!
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August 19, 2011, 06:47:36 PM
 #19

http://moonco.in/bet/281/view

$600 has been betted already!  Shocked

BitcoinStars.com
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August 19, 2011, 07:24:04 PM
 #20

Were rooting for over 20  Cool
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