Bitcoin Will Break $500USD Before January 1, 2016

To respond to those who reported it as No: The bet can be early resolved early if 'Bitcoin hits $500' before EoY, which it has. Please read the decision logic above carefully.

Good job Yes bettors. Sorry for the delay in getting this settled.

So what's going on with this bet?

@kibblesnbitz Thanks for chiming in. Don't use Bitpay as a measure again - if you want a weighted index use the winkindex as they publish their data

Hey everyone - sorry I was away for a few weeks. After review, it looks like a number of major exchanges had BTC above 500, if only for a few moments. Congrats!

I agree. Thank you for reviewing this. BitPay was a badly chosen metric

Please see here for the data: https://mega.nz/#!LlkEyA6a Key: !CdQqTOTsr__KIXDzFEEgplIE-OFzVud9S1GDvhSd7YU The host has been notified via email. Bet will be closed barring further information after 24 hours.

@Jamphone - We're calling this one 'asleep at the switch' and will cancel the bet unless someone proves it WASN'T above $500. We have done our own independent research and pulled minute rates from bitcoinaverage that we collect ourselves here at BetMoose. BitcoinAverage uses a similar market-weight algorithm. We have found a high of $496.57 using that method. However, we have also seen trades at the largest exchanges cross $504 during trading. The technically correct thing to do here is cancel.

@Avalon This bet should really be over - the price crossed $500 a few weels ago. @kibblesnbitz

@Avalon I contacted Bitpay and they will not release historical information - which makes this bet ridiculous, @kibblesnbitz shouldn't have pickd it - but Bitpay mirrors the markets and ALL of the major markets were above $500, if however briefly, this making the outcome "Yes"

@Avalon I understand. I'm just saying this bet will never end - the creator chose a price index that posts no historical data. It clearly crossed $500 with the rest of the exchanges - but will be impossible to prove. What is there to wait for?

@Jamphone - As you know, we don't monitor the outcomes. It's up to the bettors to either claim an outcome with backup evidence, or for the host to resolve without a counter claim by bettors.

@Avalon

Bitpay doesn't publish historical data apparently, but they use a moving average that is in line with Coinbase, Coinbase was over $500.

@Jamphone - we need something concrete that it was in fact over $500 if you'd like an early resolve.

Updated to 2015 from 2014.

Sorry - it was a cut/paste from last year. Can the mods change it?

The logic is flawed "before December 31st 2014" ?