Bet: Bitcoin will not drop below $2 in the next two weeks. 50 BTC bets only!

[ineededausername]

Come on proudhon, let's do this.  FlipPro also wants 50 BTC on the winning side... oops, I mean, the >$2 side.

Won't drop below $2: 100 BTC = 50 (me) + 50 (FlipPro)

"WON'T DROP" SIDE IS ALREADY CLOSED TO BETTING.

Will drop below $2: 0 BTC <--- BEARS YOU SHOULD MAKE THIS HUGE

Rules
Winners will divide the winning bets evenly, according to their contribution. (50/50 if we win)
Betting closes 12/22/2011 12:00 AM GMT.
"Next 2 weeks" starts when betting closes.

[1715409609]

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[1715409609]

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[kgo]

I would advise setting the closing time to 11:59:59.  Is this the end of the day on Wednesday or Thursday?

[antoineph]

This is a lopsided bet. if you win you get 50 BTC at a high price, and if you lose you give 50 BTC at a low price.

[ineededausername]

This is a lopsided bet. if you win you get 50 BTC at a high price, and if you lose you give 50 BTC at a low price.

That is true.  If you want another bet, you can go off and make one.  The offer stands.

[proudhon]

No thanks.

[ineededausername]

No thanks.

Propose a better bet then.  We want you to back up your bearish sentiment with money

[payb.tc]

I would advise setting the closing time to 11:59:59.  Is this the end of the day on Wednesday or Thursday?

12/22/2011 12:00 AM GMT

as a coder, i can tell you his statement unambiguiously specifies the midnight between the 21st and 22nd of December, GMT. (whether that's what the OP intended or not is another matter).

it's equivalent to 12/22/2011 00:00 GMT

in fact, since it's midnight, the time part can be ommitted altogether and the deadline re-written as:

12/22/2011 GMT

...which would mean betting closes at the exact instant the date changes from 21 to 22 (GMT).

[BTCurious]

I'd take this bet if you allowed me to bet 1 BTC. 1:100 odds isn't too bad.