~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.
But the chances of that thing will happen is very very slim on which we could really able to say that it wont happen and our bets would be goes higher since we do believe on bitcoins price that it will go up.Doing binary options is very risky because even on 1 pip difference you will still able to lose up.