Quote from: faiza1990 on February 10, 2014, 02:24:24 PM

Quote from: TookDk on February 10, 2014, 02:18:30 PM

Quote from: thecoinjournal on February 05, 2014, 04:28:22 AM

Now the question would be, will the bitcoin price reach $10,000 one day?

A lot of people think so here:http://d.pr/tzlI

This guy bets 57 BTC on it :O

30-11-13 20:40 Yes 99`886 57.00000000 13Pko / 1K4Fs

if he bets this touch 10,000 then I am feeling sorry for him because its not going to touch this figure in 2014

This prediction market bet does not function like a regular bet.

It's actually a derivative in disguise. Betting "No" acts as an insurance policy against Bitcoin not reaching $10,000. Depending on how much of your total holdings you bet on no, this could actually operate like a put option.

As such the distribution of the bets does not necessarily correspond to the actual beliefs of the betters.