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Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

05-29-2018 , 01:03 PM
Listed under 'Specials' it opened about a week ago:

Will Bitcoin Hit 15,000 by December 31st, 2018.

YES -120
NO -120

'by' not 'on' so if Bitcoin goes over 15,000 at any time this year, YES is a winner.

Since Bitcoin has been around 7,200, the NO's have taken some action and the current odds are now:

YES -110
NO -130

Any thoughts on this wager?

It seems like a nearly 'sure bet' to hedge by wagering heavy on the NO, and at the same time stocking up on bitcoin.

Any thoughts on this bet?
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 04:57 PM
Bitcoin already hit like $20k in 2018
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 05:18 PM
Quote:
Originally Posted by SpadeWar
Bitcoin already hit like $20k in 2018
Yes, so for the math geniuses out there, it seems there could be a way one can bet the NO on this prop bet, but at the same time acquire Bitcoin to hedge the wager and win either way, unless Bitcoin ends up crashing, which isn't bloody likely..
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 06:15 PM
which exchange are they using? did it specify?
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 06:49 PM
Quote:
Originally Posted by Joe Pulaski
which exchange are they using? did it specify?
Will Bitcoin be trading over $15,000 USD by December 31, 2018?

For official source of Bitcoin (BTC) price, please refer to www.bitcoinaverage.com
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 07:39 PM
How much could you really get down on this prop tho?
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 09:32 PM
I can’t imagine you can get much down on this. I tried to bet a similar bet on the price of silver that I thought was way mis priced and the max was like $50
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-29-2018 , 09:41 PM
yea usually these have low ass limits lol
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
05-30-2018 , 03:15 AM
If u bet the side that they think is the sucker side u prolly can get a few 100$. If u but rhe side they really didn’t inflate prolly 50$ and your acc May get closed.
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-09-2018 , 03:44 PM
You could spend 30 seconds and look at futures markets.

Doesn't hit 12k by september first is -340 for one data point.
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-09-2018 , 05:39 PM
I would MAX out the NO so probably 50 bucks
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-11-2018 , 11:55 AM
Quote:
Originally Posted by Like
I would MAX out the NO so probably 50 bucks
I bet $250 on the NO a few weeks ago, so the limit has to be $300 or higher. I'm guessing it is $500.

As expected, the action has been on NO. A couple of weeks ago NO was -130, YES was -110. Last week, NO was -140 and YES was at EVENS..
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-12-2018 , 12:18 PM
Betting “yes” has to be one of the dumbest bets ever. If you really think Bitcoin’s going to hit $15,000, just buy it.

J
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-12-2018 , 02:21 PM
YES now +110, NO -150..

https://sports.bovada.lv/specials/cr...t-201806122000

Note there is no 'orange triangle' on this bet, that is used to show lower limits, like Bovada has on WSOP betting..
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-12-2018 , 04:42 PM
I'm hoping for yes but as a bettor I'd lean towards the no, all things being equal
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-12-2018 , 07:14 PM
I would say no. Think the steam has faded from bitcoin and the suckers are out. Just my thought. Doing think you are getting a 100% movement from something that costs 7k
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-13-2018 , 03:26 PM
This is the easiest "No" bet ever. The big reason that Bitcoin went on a tear last year is that Agora Financial & all of these other financial giants in the internet space were spending millions a day on clicks online with those James Altucher "Bitcoin Jesus" ads. Those ads were selling crypto investing services at a 5000+ net new subscriptions a day. Google and many other online advertising platforms banned Crypto/Blockchain advertising on their networks back in March '18. This decline, with no upward movement, is a direct result of these Financial Publishing groups not able to acquire fresh leads/clients that are going to dump their money into Bitcoin. Many of those who got burned, but learned enough about crypto to be dangerous (to themselves mostly) are going the route of daytrading the alt-coins.

If Bitcoin reaches the critical support level at $5k, I think your best bet would be to load up and ride it to 1.8-2.2x profit. It'll reach 9-11k levels this year, but I just don't see 15k happening.
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-13-2018 , 04:13 PM
Currently the odds are YES +120, NO -160.

I wonder how long Bovada will offer this bet?

It sure seems like they made a bum line, when they opened NO at -120..
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-20-2018 , 11:23 AM
Quote:
Originally Posted by Stu Ungar
Currently the odds are YES +120, NO -160.

I wonder how long Bovada will offer this bet?

It sure seems like they made a bum line, when they opened NO at -120..
they may keep it up just to play on market bulls who think BTC will continue the meteoric rise (which again, is what I personally hope does happen.) hell they kept Hillary to win on the board all the way through Wisconsin coming back red during the election bc people were still pumping dollars on her side to win.
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-21-2018 , 07:12 AM
Quote:
Originally Posted by rainmaker1855
they may keep it up just to play on market bulls who think BTC will continue the meteoric rise (which again, is what I personally hope does happen.) hell they kept Hillary to win on the board all the way through Wisconsin coming back red during the election bc people were still pumping dollars on her side to win.
Where do you see that bet?

I only see 4 bets below at https://sports.bovada.lv/specials/cryptocurrency :-(

THU 8:00p
Which Bitcoin fork will have the highest Market Capitalization by December 31, 2018 at 7:00pm EST?
Bitcoin Gold (BTG)-320 Bitcoin Private (BTCP)+400 Bitcoin Diamond (BCD)+550 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of market capitalization, please refer to www.coinmarketcap.com

THU 8:00p
Will Bitcoin (BTC) reach 50% of total market capitalization (dominance) at some point before January 1, 2019?
Yes+165 No-240 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of Bitcoin (BTC) percentage of total market capitalization (dominance), please refer to www.coinmarketcap.com Bets will be settled if the target is reached, or on January 1st, 2019.

THU 8:00p
Will Ethereum surpass Bitcoin's percentage of total market capitalization (dominance) by December 31, 2018 at 7:00 pm EST?
Yes+650 No-1200 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of Bitcoin (BTC) and Ethereum (ETH) percentage of total market capitalization (dominance), please refer to www.coinmarketcap.com

THU 8:00p
Will total Cryptocurrency Market Capitalization be over $500 USD billion at some point before January 1, 2019?
Yes+140 No-180 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of Cryptocurrency Market Capitalization, please refer to www.coinmarketcap.com
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote
06-21-2018 , 11:09 AM
Quote:
Originally Posted by AALegend
Where do you see that bet?
I havent seent it before; I was just going off of what the OP was referencing. But based on your link it may be down.
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager Quote

      
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