Speculation Bet: Bitcoin will hit $600 (non-gox price) by 3-22-14

[Tzupy]

The new fiat entering exchanges can barely sustain the current prices, if there is no significant increase in bitcoin supply.
During January Google trends for bitcoin was in the 23 - 38 range, while litecoin did a bit worse (but didn't crash yet),
and dogecoin much better (up to to 100, recently at 50). So any real bad news that would bring a sudden influx of
bitcoins into the exchanges could tip the balance downwards.

[kdrop]

My speculation that Bitcoin will hit $600  (non-gox price) before the end of 3-22-14 HST.

Willing to put up 2 BTC to bet anyone on this call for fun (yes I know it isn't much but it's for the fun of it).

I'm a longer term bull but to make things a little interesting I've put forward this bet.

Will only accept bet with a user who has been on this forum for longer than 1 year's time. Escrow will be used for this.

Any takers?  

In case no one accepts the bet in a reasonable amount of time, the offer expires February 5th, 2014 HST.

But why on 3-22-14 ? 

[magicmexican]

My speculation that Bitcoin will hit $600  (non-gox price) before the end of 3-22-14 HST.

Willing to put up 2 BTC to bet anyone on this call for fun (yes I know it isn't much but it's for the fun of it).

I'm a longer term bull but to make things a little interesting I've put forward this bet.

Will only accept bet with a user who has been on this forum for longer than 1 year's time. Escrow will be used for this.

Any takers?  

In case no one accepts the bet in a reasonable amount of time, the offer expires February 5th, 2014 HST.

But why on 3-22-14 ? 

[vokain]

re: dalmar, matthecat, tzupy, etc

http://bitcoincharts.com/charts/mtgoxUSD#rg90ztgSzm1g10zm2g25zv

https://en.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

beginning Wave 3: "As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend."

[sgbett]

I'll take the bet and use an escrow. Looks like I was beaten to the punch though!

Escrow used only.

Accepted. I suggest we use Saltyspitoon (free escrow) as escrow or John K if he is available as an escrow or maged.

Once both parties get their BTC to escrow the bet is official.

CURSES! Foiled again.

Pesky humans...

[Dalmar]

re: dalmar, matthecat, tzupy, etc

http://bitcoincharts.com/charts/mtgoxUSD#rg90ztgSzm1g10zm2g25zv

https://en.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

beginning Wave 3: "As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend."

Recent analysis made by an actual Elliot wave specialist:


https://www.tradingview.com/i/pO8XEiEy/

sub-300 LMAO

[smoothie]

Just letting everyone know that Smoothie messaged me. I am accepting the bet and we're choosing the escrow. Would have had this all done already, but I fell asleep very soon after posting here! (sorry)

Saltyspitoon agreed to be escrow for this bet. He will send us a BTC address for us to send 2 BTC each to him.

[Holliday]

I'll take the bet and use an escrow. Looks like I was beaten to the punch though!

Escrow used only.

Accepted. I suggest we use Saltyspitoon (free escrow) as escrow or John K if he is available as an escrow or maged.

Once both parties get their BTC to escrow the bet is official.

CURSES! Foiled again.

Pesky humans...

[SaltySpitoon]

My speculation that Bitcoin will hit $600  (non-gox price) before the end of 3-22-14 HST.

Willing to put up 2 BTC to bet anyone on this call for fun (yes I know it isn't much but it's for the fun of it).

I'm a longer term bull but to make things a little interesting I've put forward this bet.

Will only accept bet with a user who has been on this forum for longer than 1 year's time. Escrow will be used for this.

Any takers?  

In case no one accepts the bet in a reasonable amount of time, the offer expires February 5th, 2014 HST.

As per the original bet quoted here, Smoothie and Chriswilmer will both send 2 Bitcoins to

this address:1Ajj2aC3BY1zJMfpvUDA58rHfdRJsY8ZMF

https://blockchain.info/address/1Ajj2aC3BY1zJMfpvUDA58rHfdRJsY8ZMF

If the price of Bitcoin touches or drops below $600 on either BTC-E or Bitstamp before 3-22-14 HST Smoothie wins the bet. If it does not, Chriswilmer wins the bet.



Question though, what if MTGox starts to suck more than it already does, and it drops down below $600, but the other two do not?

[smoothie]

My speculation that Bitcoin will hit $600  (non-gox price) before the end of 3-22-14 HST.

Willing to put up 2 BTC to bet anyone on this call for fun (yes I know it isn't much but it's for the fun of it).

I'm a longer term bull but to make things a little interesting I've put forward this bet.

Will only accept bet with a user who has been on this forum for longer than 1 year's time. Escrow will be used for this.

Any takers?  

In case no one accepts the bet in a reasonable amount of time, the offer expires February 5th, 2014 HST.

As per the original bet quoted here, Smoothie and Chriswilmer will both send 2 Bitcoins to

this address:1Ajj2aC3BY1zJMfpvUDA58rHfdRJsY8ZMF

https://blockchain.info/address/1Ajj2aC3BY1zJMfpvUDA58rHfdRJsY8ZMF

If the price of Bitcoin touches or drops below $600 on either BTC-E or Bitstamp before 3-22-14 HST Smoothie wins the bet. If it does not, Chriswilmer wins the bet.



Question though, what if MTGox starts to suck more than it already does, and it drops down below $600, but the other two do not?

2 BTC sent.


Status: 0/unconfirmed, broadcast through 5 nodes
Date: 2/2/14 10:30
To: SALTYSPITOON ESCROWED BET 1Ajj2aC3BY1zJMfpvUDA58rHfdRJsY8ZMF
Debit: -2.00 BTC
Transaction fee: -0.0001 BTC
Net amount: -2.0001 BTC
Transaction ID: f9da7b85deb622787dbc6f3ce78b8b9f759a6ecf8a048e2ce47bfdddfaa40d7a


To answer your question we are not using Gox numbers at all. In my view it is BS prices. Bitstamp and BTC-e prices will be used.

[chriswilmer]

2 btc sent!

Now I just have to send millions of USD to the exchanges to ensure that I win! 

[smoothie]

2 btc sent!

Now I just have to send millions of USD to the exchanges to ensure that I win! 

Haha, good luck and may the best man win! 

[igorr]

I can not believe what I paid 1000 USD.   
Just now, I understand, Bitcoin is fog.

[keewee]

Now this bet is starting to look interesting 

[chriswilmer]

Now this bet is starting to look interesting 

Heh... I might lose the bet today!

[smoothie]

Now this bet is starting to look interesting 

Heh... I might lose the bet today!

I highly doubt it will get that low that fast...but we never know.

I still think by March 22nd, 2014 it will have hit $600 at the very least.

[favelle75]

Geezuz...I thought this one was going to be over tonight!

[chriswilmer]

Now this bet is starting to look interesting 

Heh... I might lose the bet today!

I highly doubt it will get that low that fast...but we never know.

I still think by March 22nd, 2014 it will have hit $600 at the very least.

How did you pick March 22nd anyway?

[sir faps]

$20 from the bet. Holy hell!

[smoothie]

Now this bet is starting to look interesting 

Heh... I might lose the bet today!

I highly doubt it will get that low that fast...but we never know.

I still think by March 22nd, 2014 it will have hit $600 at the very least.

How did you pick March 22nd anyway?

Cycles and price movement in the last run up. It's not a simply explained date I picked. I just determined in my mind that by mid March we would have another down turn in price.