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Will Bitcoin hit $50,000 before Dec 2021?

Will Bitcoin hit $50,000 before Dec 2021?
Category:
Bitcoin
By
sanko
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Description

New bitcoin price bet:
Will Bitcoin hit $50,000 or at least $30,000 before Dec 31 2021? This proposition is leech protected: see decision logic for details!

Decision Logic

"YES" if the price is strictly above $50,000 at any point between now and Dec 31 2021 00:00 UTC, using the Bitstamp exchange as the point of reference. "NO but will reach 30,000" if the price never goes above $50,000 during the time period but is strictly above $30,000 at any point of time. "NO" if the price never goes above $30,000. In case of Bitcoin fork and chain split "Bitcoin" is the most valuable bitcoin chain. If Bitstamp price is unavailable, then Bitfinex price will be used. Early resolution is possible.
Leech protection:
In case of YES outcome: "YES" bets within 30 days of the "YES" outcome will be refunded.
In case if NO outcome: no refunds.

3362
CLOSING IN2021-04-01 12:00:00

3:09PM, Apr 29, 2020 UTC

12:00PM, Apr 1, 2021 UTC

7:40PM, Dec 29, 2021 UTC

9.510xCurrent Time-Weight Multiplier

Total Volume: 3.207

YES
Volume: 1.677
23.76322749
# of Bets: 46
Payout
ROI
0.00
0%

*assumes current weight and volumes

NO but will reach 30,000
Volume: 0.6076
9.05157726
# of Bets: 37
Payout
ROI
0.00
0%

*assumes current weight and volumes

NO
Volume: 0.9219
20.85505513
# of Bets: 36
Payout
ROI
0.00
0%

*assumes current weight and volumes

Discussion

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d_d 4:29PM, Jan 7, 2021 UTC
@TeamHans you simply put your money on the wrong horse. Perhaps, if you try some other bet and put just a fraction of what was so recklessly gambled away, it might be possible to make it back! I recommend this one and "NO" option in particular: https://www.betmoose.com/bet/donald-trump-charged-in-2021-leech-protected-5247#bets-1
TeamHans 11:35AM, Jan 7, 2021 UTC
To all - please note Betmoose has just wrongfully, prematurely resolved another bet related to the Presidency. I would encourage everyone NOT to bet with Betmoose until they stop following arbitrary deadlines and ignoring decision logics. Thank you.
codylundin69 10:13PM, Dec 17, 2020 UTC
I thought this ment the end of december 2020 not another year from now
iddiaci 12:06AM, Dec 17, 2020 UTC
@FreedomOfTrade I have created a bet for whether btc will hit $400k before the end of March 2021. That is more than fair as you said it would hit 400k "in a couple of months or so" in Nov 25 2020. Here is the link: https://www.betmoose.com/bet/will-bitcoin-hit-400-000-before-april-2021-5324#bets-1 I challenge you to put your money where your mouth is and bet yes. I will match any amount you bet up to 1 btc and bet no. Or you can admit to talking out of your ass.
KennethJones 9:35PM, Dec 4, 2020 UTC
Nice bet with good choices. Going to ponder this one for a bit
FreedomOfTrade 9:18AM, Dec 3, 2020 UTC
I guess "Before New-year's eve" would be the best way to describe it.
sanko 2:56PM, Dec 1, 2020 UTC
@gabbello "Dec 31 2021 00:00" is correct
gabbello 1:15PM, Dec 1, 2020 UTC
Also outcome seems to be set for 29th of Dec, which is before the date in the description?
gabbello 1:14PM, Dec 1, 2020 UTC
There is a small issue with how the question is asked, as "before Dec 2021" would actually mean before 1st of Dec 2021 (just like the current bet that ends today for 2020), but the resolution states before Dec 31 2021 00:00 (which BTW is not end of year, but 1 day before), anyway, hope this will not invalidate the bet.
FreedomOfTrade 4:39PM, Nov 30, 2020 UTC
@iddiaci Smart way to encourage counterbets ;) No but seriously, the value cap is the combined market value of all the worlds currencies. I.E if everything is run on BTC. Plus if BTC starts to be a majority used currency in the $ market then the $ will lose it's value and inflate like crazy. Bizarre scenario but that's where we're headed, unless the banks use government tyranny to protect the $. (Spoiler alert) They will. Question is just; When? A $400k/BTC ≈ $8 Trillion market. You decide.
iddiaci 7:49AM, Nov 27, 2020 UTC
Yes, there is something you're missing. It can't keep 20x in every few years forever. The trend HAS TO slow down or if this happens once every 2 years, in 18 years, 1 btc will be=$1 Quintillion. If you agree with me that this is absurd and that the trend must slow down, then you would have no reason to think it won't be slowing down this time. So maybe btc won't "reach ~400k in a couple of months or so".
FreedomOfTrade 7:27PM, Nov 25, 2020 UTC
Maybe I shouldn't say this but logically speaking it should reach ~400k$ in a couple of months or so. The only trend I've been able to find BTC price to consistently follow since 2009 or so is that it explodes, goes down 60% over a long period(~6m - 2y), goes back at the same pace and then once it reaches all time high again it explodes 20 fold. Last time was 20k$ and we're at ~19.5k$. 20x20k$=400k$. Is there something I'm missing? Normies & Media always go wild at all time highs.

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