Predict Bitcoin Price on 1st of February 2021

@jeb_bush it's not mentioned no, but it is implied. Please report bets so we can edit the logic to mention USD specifically.

But I guess I'd just be interested to know @Avalon if there is a default site policy that any time $ is mentioned it is assumed USD? I'm sure that's just the defacto situation, but is it written anywhere?

Please clap

@jeb_bush Interesting argument. Well. I guess you got my vote Jeb. Is that how this works?

@FreedomOfTrade for what it's worth: that's not actually the origin of the $ symbol, it was a conflation of "pS" which was shorthand for "Peso" and used in trading books with Spanish-Americans as distinct from the English-Americans (both preceding the USA existing). Regardless of the origin however, I do think you are right context being important as an indicator, as you say something like being used "in a Canadian shop" but Betmoose IS a Canadian shop (website) hence my clarification :)

@Avalon Thanks for the clarification. I'd personally prefer if you could put that into policy. Or just add a disclaimer at the bet-hosting page (https://www.betmoose.com/hostBet) under "Host Pro-Tips". But what do I know.

There is no general BetMoose policy on this. We do at times remove late leech bets for BTC price bets, but it's really up to the host to put that in the logic and/or set a proper deadline. In this case, the gap was just over 2 days, which is fair.

There has never been a 7 day rule. They sometimes manually remove bets if the outcome was already clear. In this case it wasn't. Last bet was placed around 34k with 2 days left. Removing a bet where someone could have lost but can't win would have been more unfair.

True, I can't seem to find the rule now though. Has it changed @Avalon ?

@sirlanka Another user below claims there's a 7 day rule, which is why I'm asking. Same thing happened in the Pence/Trump inauguration market, with late bets being removed by mods. Regardless, even if it's within the rules, it's still leeching if you take profits from early bettors at the last minute.

@grolsch I didn't bet on this one. But it's not leeching if the bet doesn't have an early resolution and all bettors know the bet is open for late bets.

@Avalon Will you remove the bets that were made hours before the expiration of the bet to avoid leeching?

Oh, CryptoEchidna & Werokigjar of course too, but they'll just get their money back for those bets even though they bet wrong.

@jeb_bush "what is the leeching / anti leeching thing you mentioned? Are all bets made in the last 7 days for the correct outcome not counted or something? " Yeah. 7 days before. So MikeLefaire and dogiv won't get anything. Sorry guys, I don't like the rule either. Should be up to the bet creator.

@jeb_bush "$" is a sign that evolved from people writing the letters "U" & "S" on-top of each other, standing for the "United States (of America)". The "U" evolved into "II" because of laziness, as you can see in old media, then again into "I", and finally as just two notches in "$". At least that's what some dude on YouTube told me. If that is to be believed then USD should automatically be assumed unless further context is given, like being in a shop in Canada.

Where? All I can see is "$" Which is the same currency symbol for USD and CAD, sorry if I'm missing something

Currency is specified in betting options

Also I don't see the currency specified. I assume USD, but... given how unstable BTC is, this being a Canadian site...

@FreedomOfTrade what is the leeching / anti leeching thing you mentioned? Are all bets made in the last 7 days for the correct outcome not counted or something?

Cool. Good luck man! @MooseMe

@FreedomOfTrade Thanks for asking. I would have been a week ago, but with a change of plans, I’m going to invest most of my crypto into setting up a webshop on the EOSIO-powered Worldwide Assets eXchange (WAX) - a blockchain-powered platform for ppl to sell games, digital assets, and anything else.

@MooseMe I agree to be honest. Would you be interested if I created a similar bet but with an earlier Bet end date?

@FreedomOfTrade Thanks for the info! I'm feeling that which option stands the best chance will be much clearer three to four weeks before the end of betting. I would have happily jumped on it if there was an earlier end to the betting. While the 7-day and the time multiplier help, it's still a situation where early winning bets are likely to get diluted by late bets.

@Ubuntanda There's a 7 day anti-leeching rule on BetMoose that refunds all bets 7 days before the result and there's a huge time multiplier for people who bet early. If that helps you any.

Excellent bet with great artwork! The four-way spread makes for an excruciating decision for bitcoiners, and the December to late January time frame should prove to be eventful one way or another for BTC. I’d bet on this, but it’s my concern that which option that BTC is going to hit will become clear in the last weeks before January 30th and ppl will pile on the winning option leaving those who get it right early-on with minimal gains.