JayJuanGee
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How much alt coin diversification is needed? 0%?


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August 31, 2014, 09:33:16 PM

some user on our site are pretty sure that price will be <$500 for the next month (they offer 1:5 odds)
https://www.fairlay.com/predict/registered/new/bitcoin-price-500-on-oct-1st/

is their a significant wall at $500? And does a wall has an effect over a month? Or is it only relevant for day trading?

Interesting bet, i like those odds!

Pretty sure that they will change pretty soon. It obv. could be that BTC is <$500 on Oct 1. but I think there is no reason to be sure about that. It should be more like 50:50 instead of 20:80

its just impossible to say.

free market says the odds should be 5:1 ish so be it.

i think i'd place the bearish bet just cuz the odds are soo good, who the F knows what price will do. lol


I would hardly call a betting site the "free market" b/c the betting site skims a profit which affects the ratios - though the statistics of the betting site can give you the general tendency, but NOT the actual reflection of the "free market" sentiments.