~snip
True, I don't think bitcoin will ever drop to that level again. Bitcoins are hard to come by because of the halving. Also, let's consider that bitcoins has only a finite amount in this world. Hence, when the supply is low and the demands is high, it will just rise and will not fall. So betting at $500 will surely lose, just to discuss this wager.
Well what if it does drop to that level? Then we're all fu*ked! Was just thinking, That would mean we all lose, first because we have so much bitcoins (probably not all of us) then we all bet on it not dropping. If they do gamble at the $500 point and they win we all lose because the price of bitcoin dropped.