Dare to take such gamble?

[STT]

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity.   Either way he wins probably as its cheaper then buying advertising.    But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
  The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up.   BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

[1714612581]

1714612581

[1714612581]

1714612581

[1714612581]

1714612581

[1714612581]

1714612581

[JoyMarsha]

I suspect that this person who posted a long winded post on Twitter did it for Twitter clout purposes

Come to think of it, it doesn't make sense that he believe the US dollar will hyperinflate, causing Bitcoin's price to skyrocket within 90 days, yet he willingly chose to store a million dollars in USD instead of just buying Bitcoin. Not to mention that this person was also a former CTO of Coinbase^[1], which implies that they likely have a significant amount of Bitcoin at his disposal waiting to sell at a higher price. It's highly likely that this Twitter post is just a way for him to manipulate the market and make a profit.

He just composed an extremely technical narrative of economics to make him sound credible on the outside without really knowing what he is actually talking about in the first place. And no, I barely understand what he actually wrote apart from that stupid bet and hyperinflation thingy..

[1] https://cointelegraph.com/news/former-coinbase-cto-makes-2m-bet-on-bitcoin-s-performance

Exactly. It's just clout-hunting tweets, nothing more. How could anyone with common sense imagine the price of bitcoin rising to $1 million in just 90 days? While we are not in the bull run and bitcoin is yet to surpass the $100k price that many investors are speculating about for a long.

Everyone who bets on it won't get anything in the end. Instead of betting that the price of one bitcoin would never reach $1 million, it is preferable to have it in your portfolio where it can grow in price happily.

[carlfebz2]

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity.   Either way he wins probably as its cheaper then buying advertising.    But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
  The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up.   BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

Demand would be always be the key and we do know that supply is fixed and there's no way for it to be altered or to be changed up and this is why price would really be determined whether it would really be

that expensive or something that would really equal into its worth.No one really knows on what would be the ending point but we know that it isnt something that could shoot up on a million in a short time.

We are just that too early and young to reach up that phase if ever the recognition would really be on globally or something in huge percentage but we arent really still on it.

[Wong Gendheng]

I was scrolling my page on Twitter as usual and I saw this post from a crypto guru, I don't know him but many people do say he knows how the market works. He put up a gamble worth of 2million USD, open to anyone who doesn't believe that Bitcoin will reach 1 million dollars 💰💰💰 in 90days, with the way he has been right with past predictions, this thread is making some noise on Twitter, but honestly, I found this prediction to be impossible, maybe I don't see what makes him believe that this is possible.



*My question for you*

Will you dare take such a gamble if you have the money? 🤑🤑🤑

Yup I would take that dare if I have the money for it.
It seems like a joke, the current price and even the ATH is so far from hitting a Million Dollar mark.
This joke reminds me of McAfee's prediction and vet that he will eat his own d.

Jokes like this are sometimes needed to make our veins calm, of course things that are impossible if the price of Bitcoin can reach $ 1 million in 90 days, I'm also not sure if 90 days from now on prices can make a new ATH record, leave things like this and I will also not be interested in taking part.

[mich]

Let us not fool ourself with price of Bitcoin to be $1 million in 3 months. But what he is doing on the internet is creating fomo for Bitcoin so I think this is a benefit for the investors.

Balaji Srinivasan is a entrepreneur and he has so much money. For him to lose $1 million is a few pocket change for the man. He is so smart and he knows what he is doing with this tweet. A public stunt to get him more attention and more Following.

[Marvell1]

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity.   Either way he wins probably as its cheaper then buying advertising.    But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
  The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up.   BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

[stomachgrowls]

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity.   Either way he wins probably as its cheaper then buying advertising.    But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
  The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up.   BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

Possible but it wont really be that happening in short time.Did check out if there's someone who did really bait off the deal and there really is.

Former Coinbase CTO makes $2M bet on Bitcoin’s performance

So this would really be a good thing to watch on whose gonna get that 2M worth with this deal.Someone do really able to realize and take
the deal and thinks off the realistic approach.

[Marvell1]

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity.   Either way he wins probably as its cheaper then buying advertising.    But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
  The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up.   BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

Possible but it wont really be that happening in short time.Did check out if there's someone who did really bait off the deal and there really is.

Former Coinbase CTO makes $2M bet on Bitcoin’s performance

So this would really be a good thing to watch on whose gonna get that 2M worth with this deal.Someone do really able to realize and take
the deal and thinks off the realistic approach.

I watched the news, and as I said, this guy just used tricks to create public attention to increase influence on social networks, not with good intentions. Many people used this method and then tried to promote shitcoin projects, I wouldn't be surprised if he talks about some shitcoins in the near future. In terms of the $100k goal, we have not yet reached it. The road to getting to $1 million per bitcoin is still a long way off, so it's too early to think about it in the near future.

[Zilon]

I don't think that you understood his tweet correctly. His offer was not for anyone thinking that bitcoin won't reach 1 million and instead it was reply to a guy claiming that he is willing to take $1 million bet that US doesn't enter hyperinflation. Here's his tweet as well https://twitter.com/balajis/status/1636797265317867520


https://twitter.com/jdcmedlock/status/1636480393007489024

Thanks for the observation. When i saw the first line of Balaji tweet it was confusing because if he was making a claim that Bitcoin will hit $1m in 90 days and placing a bet on it. he will not start a statement with the phrase "I will take that bet". Which means it is an accepted challenge to a preceding post from James Medlock and OP wasn't discrete enough to drop the link so people could confirm the tweet themselves.

[Muba20]

Very simple if many people buy 1 Bitcoin it will spike the price so its a self evident bet of a kind, so long as he get enough publicity.   Either way he wins probably as its cheaper then buying advertising.    But yes BTC can rise dramatically if it gains interest of many people, there is limited supply.
  The vast majority of commodities in the world will respond with great supply when prices justify it, even gold and other rare elements are just waiting for the right price and supply opens right up.   BTC will not increase, its quite unique in that way and so for certain high prices are possible if demand outweighs supply.

If bitcoin continues to maintain its current growth rate plus limited supply, bitcoin price will go up and maybe $1 million is what will happen, but in this story it is absurd and unlikely that bitcoin will hit $1 million within the next 90 days. I'm no expert, but I can bet you that will never happen in such a short time. I don't know who the person making that prediction is, but I believe he is just trying to get people's attention rather than making serious bitcoin predictions.

That seems to be the main issue. Because he himself knows and everyone who is a bitcoin holder or trader knows about bitcoin. It completely denies such a statement, but the person who tweeted it may have done for some other purpose. And maybe he wanted to become the talk of the town.

[|MINER|]

This has come to my attention, I think this guy actually tweets like this hoping to seek public attention.  I find it completely absurd that Bitcoin went from this price to one million dollars in just 90 days. This guy had made predictions and bets like this before and it was completely wrong.  However, I am not saying that the price of Bitcoin will not reach one million dollars, but that time may not have come yet and it may take a long time to see it.

[Pujangga]

I think this is an exciting thing and makes anyone try to take part in the gamble, sometimes things that are currently impossible but can happen, for now I'm not interested in an offer like this not because I think it's impossible, but because it's currently in the wallet only have crypto assets including altcoins around $475.

[ajiz138]

Let us not fool ourself with price of Bitcoin to be $1 million in 3 months. But what he is doing on the internet is creating fomo for Bitcoin so I think this is a benefit for the investors.

Balaji Srinivasan is a entrepreneur and he has so much money. For him to lose $1 million is a few pocket change for the man. He is so smart and he knows what he is doing with this tweet. A public stunt to get him more attention and more Following.

It doesn't make sense bitcoin could hit a high of $1M in such a short amount of time we've just looked at bitcoin cycles before it's never crossed its max so I don't understand what's at stake and believe bitcoin will reach $1M in 90 days does it show on against the bet to not dare to be afraid?
Then who will dare to take this bet? I think other people won't be able to believe it.

No wonder if he is a conglomerate, of course, with the money at stake, there will be nothing. He can even return a bigger profit on this tweet, because a big investor is always smart in public opinion, which will increase FOMO.

[Mario Yamasaki]

A bet like this looks ridiculous, currently the price is only around $ 26k and it needs a fantastic increase to reach $ 1 million, if the current price is $ 900k then I dare to participate, to make noise sometimes things like this are what people deserve to be famous.

[bitterguy28]

Let us not fool ourself with price of Bitcoin to be $1 million in 3 months. But what he is doing on the internet is creating fomo for Bitcoin so I think this is a benefit for the investors.

I care nothing about this intention because obviously this is not my area to take . instead what I was looking is for my site to gamble and my bonus or rake back to accumulate .
 

Balaji Srinivasan is a entrepreneur and he has so much money. For him to lose $1 million is a few pocket change for the man. He is so smart and he knows what he is doing with this tweet. A public stunt to get him more attention and more Following.

and that is exactly what i was thinking , the man can afford any amount but us? how can we?

this is of course for popularity either the coin or His name .

[LogitechMouse]

*My question for you*

Will you dare take such a gamble if you have the money? 🤑🤑🤑

Well why not, I'm not an expert in price speculation but this $1 million bet in 90 days reminds me of Mcafee's bet of cutting his cock if Bitcoin did not reach $1 million by 2020.
I'm not saying his prediction is impossible but the logic behind the $1 million in 90 days is quite hard to comprehend as the US will do everything for the dollar not to experience deflation, I like Bitcoin to reach I guess we all do but the US government are smart enough to let their dollar suffer deflation.

You reminded me of that "McAfee cutting his dick" again.
He already died (RIP), but Bitcoin didn't even reach 6 digits yet. Well, I wish he can still see Bitcoin reaching a million dollars after 2 decades I guess.

Well, I wonder if how many people will dare to take this gamble. That poster will let you buy 1 BTC, the price of Bitcoin will rise up. I wonder how many investors are needed to buy 1 BTC in order for it's price to reach a million dollars, and take note, there is a time horizon for it which is 90 days.

One thing more is that, "PAST PREDICTIONS DOESN'T MEAN THE SAME IN THE FUTURE". Yes that user might have correct predictions, but is it always the case? Even most of Nostradamus' predictions ending up as a fail, and doesn't happen. Same with here. The user's past predictions doesn't mean that he will be correct again. Like you OP, I also find it impossible to happen, and for sure most of us are thinking the same. A million dollar per Bitcoin in 3 months is impossible. A million dollar per Bitcoin in 3 decades sounds realistic to me.

[19Nov16]

Strange predictions are indeed made by many people, when these predictions are correct then the tweets that have been for years will be busy again because of the praise of many people for that person, I've seen tweets about predicting the price of bitcoin can reach $ 50k and that person now has a lot of followers because he often guessed right.

[uneng]

This has come to my attention, I think this guy actually tweets like this hoping to seek public attention.  I find it completely absurd that Bitcoin went from this price to one million dollars in just 90 days. This guy had made predictions and bets like this before and it was completely wrong.  However, I am not saying that the price of Bitcoin will not reach one million dollars, but that time may not have come yet and it may take a long time to see it.

Yes, the man is looking for attention on his social media profile. Of course he isn't going to make an official agreement with anyone to place a bet like this, because it's nearly impossible bitcoin is going to cross the 1$ million dollars barrier on the next 90 days and he wouldn't dare to risk such amount of money.

The tactic of saying something absurd to get views on the internet is popular and widely used by a plethora of social influencers right now. By doing this, his profile is actived by the platform's algorithm more often, displaying him to potential followers. It's a smart marketing strategy, especially inside the niche of finances, since there are lots of users on these platforms looking for advices regard investments.

[tygeade]

This has come to my attention, I think this guy actually tweets like this hoping to seek public attention.  I find it completely absurd that Bitcoin went from this price to one million dollars in just 90 days. This guy had made predictions and bets like this before and it was completely wrong.  However, I am not saying that the price of Bitcoin will not reach one million dollars, but that time may not have come yet and it may take a long time to see it.

Yes, the man is looking for attention on his social media profile. Of course he isn't going to make an official agreement with anyone to place a bet like this, because it's nearly impossible bitcoin is going to cross the 1$ million dollars barrier on the next 90 days and he wouldn't dare to risk such amount of money.

The tactic of saying something absurd to get views on the internet is popular and widely used by a plethora of social influencers right now. By doing this, his profile is actived by the platform's algorithm more often, displaying him to potential followers. It's a smart marketing strategy, especially inside the niche of finances, since there are lots of users on these platforms looking for advices regard investments.

I would say that there are a lot of people who try to get a lot more famous by saying crazy stuff and that's the bad part about the crypto world and the social media world as well. Even when it is not about crypto, there are a lot of people who do all kinds of extreme idiotic things and say those things just to get attention.

Doesn't need to be a good attention, it could be a bad attention, as long as they do what they should, they will flock to some community who will support them and they will do whatever they can about it. I personally do not believe in this at all, but there won't be really anything that would be more moronic than this type of gamble.

[Bitcoin2009]

Sometimes to make bitcoin more popular it takes predictions from figures or influencers like Mr. Balaji, if he is right then he will be popular and if he is wrong of course it is normal because wrong prediction is common, unfortunately I am not interested in betting with this system, and the reason is because I don't have $26k worth of bitcoins.