A $250.000 / BTC 655 bet!

[arnoudk]

According to the Washington Post, Bitcoin is dead.
R.I.P., Bitcoin. It’s time to move on.

Wences Casares, Founder & CEO of Xapo disagrees, and offered a $250.000 / BTC 655 bet that by this time next year, bitcoin will be worth more.
https://twitter.com/wences/status/689492332790448128

Well, Vivek Wadhwa - put your money where your mouth is! If you truly believe bitcoin is dead, this should be easy money.

But talk is cheap....
https://twitter.com/wadhwa/status/689617357065453569

[kingscrown]

Thanx for sharing - hilarious.

I often tell people who say im wrong to put money where their mouth is (of course on smaller prices - 1BTC max) so far nobody bet against me

[arnoudk]

He could have bet something more within his price range, if he was serious about bitcoin being dead. $25.000, or $2.500, or whatever he could afford to lose.

His argument seems to be, only, that $250.000 is too much money for a bet (and that I would agree with!)

But offering zero?

Sounds like this guy really does not believe his own story.

[Mike Cautillo]

If stories like this don't get the community fired up to prove these guys wrong, don't know what will. As a currency and commodity trader, I've learned many things, one of the most wisest being , " Do not mistaken credentials for competence" Way to go Wences, l only have respect for people who have skin in the game , no chauffeurs needed.