bitserve
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December 03, 2017, 07:24:44 PM

So I'm making a holiday bet with an in-law.

I offered to pitch in $200 for the holiday X-mas meal that he is cooking for the family. He also has a poor attitude toward Bitcoin.

So instead of giving him dollars, I'm going to make him a bet instead just to prove Bitcoin is better. And he loves bets.

The bet will go like this:

1) I give him $200 in bitcoin instead of cash.

2) BUT, he has to hold it until at least Jan 1st, 2019 and cannot sell no matter the price action.

3) If the value of bitcoin falls below $200 by that date, I will give him enough bitcoin to make up the difference in value.

4) If the value of bitcoin stays equal to or rises above $200, he keeps it all and can sell if he wishes.

It's a win-win bet for him. I'm doing this because we need to convert more people to see the power of this new "digital gold".

I don't understand the bet. In which circumstances does he lose and what does he has to give you in return?

I mean... if he sells sometime before the deadline (therefore "losing the bet") for... ie $4000. What does he owes you?