Post
Topic
Board Gambling
Re: [Filled] PROP BET: Bitcoin crashes harder when Mt Gox reopens
by
tolan77
on 13/04/2013, 00:04:54 UTC
Blockbet - congratulations. I'll get you next time!    Grin

not with those kind of bets you won't. I joined this forum just to try and get a slice of your bet but I was newbie restricted. your bet is a scaled down version of betting money on the world to end. if you win its immaterial. in this example if you win your bet you won 1.5 units of something losing value and if you lose the bet its 1.5 units of the same thing appreciating in value. The more "right" you are the less your bet is worth. how do you ever want to be on the other end of that?
It is kind of contradictory but he probably doesn't believe it'll stay decreasing(e.g. the world ending) and it might be a 'fun' way for him to pick up some coins instead of buying them.He was more betting on the insanity of the selloff when gox reopened than bitcoin staying down.