Snike Posted December 26, 2017 #1 Posted December 26, 2017 https://cointelegraph.com/news/1-mln-bet-on-bitcoin-in-december-2018-is-it-speculation-or-mania So I found this article about a man who bet 1 million USD for the price of bitcoin to go to 50k USD until december 2018. Accordingly to LedgerX it actually was an institution. If the anonymous person wins that bet he gets to buy 275 bitcoin (worth a total of 13.8 million $ when the prize is 50k$) What do you think about that crazy "bet"? Would you do it too if you had the money to?
barbaris Posted December 26, 2017 #2 Posted December 26, 2017 6 minutes ago, Snike said: What do you think about that crazy "bet"? Would you do it too if you had the money to? Having such money I think I would have found a safer way to hold and increase revenue than simply betting nowhere. Or he just has a lot of money that he does not know where to put it.
Administrator Milan Posted December 26, 2017 Administrator #3 Posted December 26, 2017 Everything is possible. This year we thought if BTC reaches 10k it would be great and boom, BTC gone up to $22k. So yeah, I think 50k is very much possible. Crazy bet tho.
Snike Posted December 26, 2017 Author #4 Posted December 26, 2017 4 minutes ago, Milan said: Everything is possible. This year we thought if BTC reaches 10k it would be great and boom, BTC gone up to $22k. So yeah, I think 50k is very much possible. Crazy bet tho. Imagine youre an institution with a lot of money (which you can spend how you like) would you have picked a other coin or bitcoin?
Administrator Milan Posted December 26, 2017 Administrator #5 Posted December 26, 2017 Just now, Snike said: Imagine youre an institution with a lot of money (which you can spend how you like) would you have picked a other coin or bitcoin? I would pick Bitcoin every time, without a thought.
ktfor57 Posted December 26, 2017 #7 Posted December 26, 2017 50k seems to be just near in 2018 but still if I had that money I would have looked for safer investments
wilberthh Posted December 26, 2017 #8 Posted December 26, 2017 What a baller! Even if I have a lot of money I wont go betting $1m like that perhaps $100k is fine
suresh Posted December 26, 2017 #9 Posted December 26, 2017 As per me the price really reach $50k now the price is hitting back with tight position.I hoping to see 20k in a week, so it is not hard for Bitcoin to climb $50k in next year.
Franchico03 Posted December 26, 2017 #10 Posted December 26, 2017 Those guys have loads of millions, 1 milion for him is just something that he can make easy and fast, probably or he's crazy. Best wishes, Happy New Year
Snike Posted December 26, 2017 Author #11 Posted December 26, 2017 4 minutes ago, Franchico03 said: Those guys have loads of millions, 1 milion for him is just something that he can make easy and fast, probably or he's crazy. Best wishes, Happy New Year 2 hours ago, wilberthh said: What a baller! Even if I have a lot of money I wont go betting $1m like that perhaps $100k is fine As I stated in my post. LedgerX said it probably is an institution. So its not just an individual
gougou Posted December 26, 2017 #12 Posted December 26, 2017 i heard that BTC will reach 58000$ at the end of 2018 o 50k is possible too.Imagine how BTC raised on 2017 and its only 300% for one year.not so difficult.wish it raises too
ExtraLextra Posted January 3, 2018 #13 Posted January 3, 2018 its really hard to believe knowing there were already a lot of coins out there, and still thousands are coming in, with a better tech. However, who knows right? im sure all of us will still benefit from it when it happen.
skillex Posted January 4, 2018 #14 Posted January 4, 2018 A very risky decision but if he really has so much money and didnt just sell all in all what he have then its not a big thing for him if ever he lose. But for us or me that has only small amount of income or cant afford to invest that much, prefers to just collect free faucets or any free btc giving sites to earn.
nhoyasim101 Posted January 4, 2018 #15 Posted January 4, 2018 that was a big gamble,for ordinary people i think they would think twice before dealing that kind of amount unless you have a strong basis,w/ regards to the price, i guess that, this man is millionaire already..for me i dont gamble on it, i would rather invest rather than to bet,.
Magisterek Posted January 4, 2018 #16 Posted January 4, 2018 Crazy? I think no. For some people, 100k usd is same than 10 usd for other. gambler alert ha
Mateusz Posted January 4, 2018 #17 Posted January 4, 2018 Only 50k$? It's easy to say 200k$ in 2018 damn... He could bought bitcoins with that 1mln$, he would bump it atleast
xtinepink Posted January 5, 2018 #18 Posted January 5, 2018 He just have money to spend with. Maybe he is also confident enough that btc will go to that price. Anything is possible anyways. Although as of today altcoins are crazy booming.
gougou Posted January 5, 2018 #19 Posted January 5, 2018 probably he has a lot og bitcoins so he can control the price to go up or down.if he loses the bet he will eran from trading bitcoins.all these are my thinkings about that
skillex Posted January 5, 2018 #20 Posted January 5, 2018 If I were him, I buy and put all my money to ripple or Monero for sure I can sleep all the way I like without too much regret and worries
akki785 Posted January 5, 2018 #21 Posted January 5, 2018 If I had that much money, I'll bet it to Ethereum. I believe from my heart that Bitcoin is a little saturated. But with ERC20 token thing, Ethereum has a bigger opportunity in 2018.. I hope my prediction may get positive result.
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