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Bitcoin to top $600 before Aug 2016

Bitcoin to top $600 before Aug 2016
Category:
Bitcoin
By
etile
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Description

The price of one Bitcoin in USD will rise over $600 before Aug 2016 as per Bitstamp .

The bet will resolve early if it passes $600 before then.

Decision Logic

When the difference between a given "Yes" bet time and the event time is less than week, that bet will be refunded.

Should Bitstamp have failed or gone rogue, we will use Coinbase index.

7742
CLOSING IN2016-06-11 23:15:00

6:55PM, Apr 20, 2016 UTC

11:15PM, Jun 11, 2016 UTC

8:20AM, Jun 12, 2016 UTC

Early Outcome

RESOLVED AT 3:25PM, Jun 12, 2016 UTC

Total Volume: 6.717

This bet has been resolved!

The outcome was "Yes"

6.71721204 was split between 26 bettors.
YES
Volume:4.902
28.69273874
# of Bets:26
NO
Volume:1.815
14.50407145
# of Bets:17

Discussion

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etile 2:00PM, Jun 1, 2016 UTC
Also see https://www.betmoose.com/bet/bitcoin-to-top-1000-before-nov-2016-1930
etile 1:20PM, May 8, 2016 UTC
If the HI price is over $600 on at least one day before 08/01/2016 the bet resolves as YES. The bet will resolve early if it passes $600 before then.
etile 1:12PM, May 8, 2016 UTC
Some last late leeches from Yes side can be refunded.
etile 9:29AM, May 8, 2016 UTC
Yes, August 1 2016 The Price should not remain over $600 at August 1 2016 If the price equal $601 at July 29 2016 and $599 at August 1 then this bet has Yes outcome.
antler 11:15AM, May 7, 2016 UTC
What is the reference date, August 1?
zjiekai 1:45PM, Apr 30, 2016 UTC
I felt the decision logic is not very clear. What does it mean by """ When the difference between a given "Yes" bet time and the event time is less than week, that bet will be refunded. """ And by "rise over" does it mean that the price has to remain over $600 at 9:00AM, Aug 1, 2016?

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