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also, 10 days is a massive amount of time for bitcoin. It doesn't take much to say "the price will go down a bit some time in the next 10 days".

by user24 13y ago

brazzy 13y ago
> 10 days is a massive amount of time for bitcoin. Well, that says really all there needs to be said. > It doesn't take much to say "the price will go down a bit some time in the next 10 days". OK, let me be more precise: "the price will go down to less than half its peak."
- deleted 13y ago
  [deleted]
- user24 13y ago
  You're on. I bet 0.00125 BTC that the lowest price as reported at http://bitcoincharts.com/charts/bitstampUSD http://bitcoincharts.com/charts/bitstampUSD won't fall below $321 USD until after Nov 29. To clarify, I will pay out under the following circumstances: You reply agreeing before this reply is "12 hours ago" I accept your reply On 2013-11-30: Load http://bitcoincharts.com/charts/bitstampUSD http://bitcoincharts.com/charts/bitstampUSD Tick "custom time" Set start date as 2013-11-18 Set end date as 2013-11-29 If the "Lo" price is less than 321, I will pay. Otherwise you owe me 0.00125 BTC Deal? This will be interesting :)
  - user24 13y ago
    By the way I think my terms are more than reasonable; Bitstamp traditionally has lower prices than MtGox, so that's in your favour. My terms are such that if any trade happens below $321, you win - not just daily average or what have you.
    - brazzy 13y ago
      I'd take the bet but can't be bothered to acquire BTC for this purpose - which is kind telling, as is the fact that there's probably no better way to conducht the transaction either. I find it amusing that the payout would be skewed in your favor by the nature of the bet.
      - user24 13y ago
        It's a shame that you won't take the bet, as I think you have a fair chance of winning it actually. Well, cheers anyway. Maybe I'll buy something in 10 days with the bitcoin I would have paid you ;) > the payout would be skewed in your favor by the nature of the bet. Yes, if I'd won, the amount would be worth more in dollars than if I lost. But if you're sincerely predicting a crash, you don't believe I'd have won.
        sejje 13y ago
        He's still laying you odds. He has to buy the bitcoins at today's price, and if he cashes out, he gets them at...well, half the price, since that's the terms of winning. So he literally gets his money back. I think you should make the bet in dollars.
        brazzy 13y ago
        Hey, I've got an idea: instead of betting for bitcoins, the loser has to send the winner a postcard admitting that they lost!
    - deleted 13y ago
      [deleted]

also, 10 days is a massive amount of time for bitcoin. It doesn't take much to say "the price will go down a bit some time in the next 10 days".

by user24 13y ago

also, 10 days is a massive amount of time for bitcoin. It doesn't take much to say "the price will go down a bit some time in the next 10 days".

brazzy 13y ago

> 10 days is a massive amount of time for bitcoin. Well, that says really all there needs to be said. > It doesn't take much to say "the price will go down a bit some time in the next 10 days". OK, let me be more precise: "the price will go down to less than half its peak."

deleted 13y ago
[deleted]
user24 13y ago
You're on. I bet 0.00125 BTC that the lowest price as reported at http://bitcoincharts.com/charts/bitstampUSD http://bitcoincharts.com/charts/bitstampUSD won't fall below $321 USD until after Nov 29. To clarify, I will pay out under the following circumstances: You reply agreeing before this reply is "12 hours ago" I accept your reply On 2013-11-30: Load http://bitcoincharts.com/charts/bitstampUSD http://bitcoincharts.com/charts/bitstampUSD Tick "custom time" Set start date as 2013-11-18 Set end date as 2013-11-29 If the "Lo" price is less than 321, I will pay. Otherwise you owe me 0.00125 BTC Deal? This will be interesting :)
- user24 13y ago
  By the way I think my terms are more than reasonable; Bitstamp traditionally has lower prices than MtGox, so that's in your favour. My terms are such that if any trade happens below $321, you win - not just daily average or what have you.
  - brazzy 13y ago
    I'd take the bet but can't be bothered to acquire BTC for this purpose - which is kind telling, as is the fact that there's probably no better way to conducht the transaction either. I find it amusing that the payout would be skewed in your favor by the nature of the bet.
    - user24 13y ago
      It's a shame that you won't take the bet, as I think you have a fair chance of winning it actually. Well, cheers anyway. Maybe I'll buy something in 10 days with the bitcoin I would have paid you ;) > the payout would be skewed in your favor by the nature of the bet. Yes, if I'd won, the amount would be worth more in dollars than if I lost. But if you're sincerely predicting a crash, you don't believe I'd have won.
      - sejje 13y ago
        He's still laying you odds. He has to buy the bitcoins at today's price, and if he cashes out, he gets them at...well, half the price, since that's the terms of winning. So he literally gets his money back. I think you should make the bet in dollars.
      - brazzy 13y ago
        Hey, I've got an idea: instead of betting for bitcoins, the loser has to send the winner a postcard admitting that they lost!
  - deleted 13y ago
    [deleted]