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Well, if we see the bet question related to BTC price to reach $100,000 before 1 Feb, most of the people have bet against it because the odds for "No" is only 1.3. This shows that people are very much pessimistic about the bitcoin price to move to high in comming weeks as they are seeing the geo-political conditions around the world and that can bring some downfall in risky markets like stock market and bitcoin BTC.
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+1
There was a time when, at another casino, I got a taste for the up‑down prediction system. I think it was based on 15 seconds. Obviously, it's a different kind of prediction; in fact, it's pure chance. In my opinion, when you make a short‑term bet on the bitcoin price, you're just extending those 15 seconds into days or weeks. Do you see what I mean? Yes, the analysis is there, but there are many variables that can change the outcome.
At this point, I say all this because you mention 'pessimistic,' and you're doing so in an environment or ecosystem where perhaps technical analysis doesn't exist; and that's what has made the prediction market fun. You don’t need to be involved in politics, for example, to make a judgment (or bet) on an event.
I'm not feeling pessimistic, so bitcoin to the moon!
