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Bitcoin to return more than Gold as an investment 2014

Bitcoin to return more than Gold as an investment 2014


In the last year, the price of bitcoin has surged fivefold.
Over the same period, the price of gold, the other favorite anti-currency, slipped nearly 10 percent.

Decision Logic

A hypothetical USD$1000 will be placed into Bitcoin right now at $638.39USD/BTC (using Coindesk Price Index) = 1.56644058 BTC.
Similarly, USD$1000 is placed right now into Gold at $1,260.88 USD/oz (using prices from = 0.79309688 oz.
Both are sold for USD at the end of year at the prevailing prices on December 30th, 2014 at 12:00PM EST. If the bitcoin is worth more in USD than the gold, this bet resolves as Yes.

CLOSING IN2014-07-15 18:00:00

6:08PM, Jun 11, 2014 UTC

6:00PM, Jul 15, 2014 UTC

4:00PM, Dec 30, 2014 UTC

RESOLVED AT 10:28PM, Dec 30, 2014 UTC

Total Volume: 0.0822

This bet has been resolved!

The outcome was "No"

0.08218725 was split between 3 bettors.
# of Bets:4
# of Bets:3


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knircky 12:11AM, Jul 2, 2014 UTC
well right now btc is down quite a bit. btc price needs to double for the bet to be true
Gloomfrost 12:28AM, Jun 24, 2014 UTC
I'm surprised at the pessimism! :P 75% likely that bitcoin will lose to gold!? Pfftshhh

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