Bitcoin (BTC) at $1,000,000 in 90 Days

Discussion in 'Digital Currencies' started by Golden ChipMunk, Mar 18, 2023.

  1. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Two bets $1,000,000 being place by Balaji Srinivasan.
    ; and if you're reading it for Repost the article.

    Please pay at my account
    BTC account bc1qrlukupq8sqy8pnvykp87styqp8awdf7mx5c4gk


    "Yesterday, on March 17, 2023, Balaji Srinivasan announced that he is placing a gargantuan $2,000,000 bet on Bitcoin (BTC). He is sure that Bitcoin (BTC) will be worth over $1,000,000 in 90 days. Otherwise he will pay $1 million to his opponent."




    Read more on U.Today https://u.today/bitcoin-btc-at-1000000-in-90-days-insane-bet-by-balaji-srinivasan#h20

    https://twitter.com/i/web/status/1636797265317867520

     
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  2. leo25

    leo25 Well-Known Member Silver Stacker

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    In 90 days USD Coin might be worth nothing, so might be 1 million fugazi dollars.
     
    Last edited: Mar 19, 2023
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  3. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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  4. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    If the Guy Balaji Srinivasan pays me; I will share with you guys.
    For The Best performance for making this Tread Up To The Moon, so he can see it. ;)
     
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  5. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I agree with Leo. For BTC to go to $1 million per coin, that means a 37x move. So BTC moves from a market cap of $500 billion to 18.5 trillion. Is this priced in USD or USDC? You could have a depegging scenario where USDC's banks all fail and the token is worth the same as UST from LUNA lol
     
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  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    1m Zim bucks?
     
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  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    The grotesque ego on these people
     
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  8. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Monitor BTC time of writing $28000 USD
     
  9. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    sounds like he’ll pay in RUPEES…
     
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  10. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    What can move the Speculative Crypto Price in The Future?

    Cryptocurrency Futures

    Understanding Cryptocurrency Futures
    Futures contracts of any underlying asset are derivatives of that asset. These contracts are bought and sold between two commodities investors, and they speculate about that asset's price at a specific date in the future.

    The contracts have a specific number of units, pricing, marginal requirements, and settlement methods that investors must meet.

    How Crypto Futures Work on Regulated Exchanges
    Consider the following example for a CME Group Bitcoin futures contract. Suppose an investor purchases two Bitcoin futures contracts totaling 10 bitcoin. The price of a single bitcoin when the futures contract was purchased was $5,000 each, totaling $50,000 for both futures contracts. The margin requirement for Bitcoin futures trading at CME is 50% of the contract amount, meaning that the investor has to deposit $25,000 as margin. They can finance the rest of the contract purchase by using leverage.

    source refererence:

    https://www.investopedia.com/articl...lect cryptocurrencies without purchasing them.


    The tools that will make the specific crypto's to move. I guess it possible giving enough leverage.






     
  11. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    Don't take it seriously... whoever took more than half a second on this needs to check their head.
     
  13. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Opened 2 new btc longs @ 28.3k before bed time last night to add to two others from last week.

    Diamond handing this for deep fucking value.

    upload_2023-4-11_8-30-10.png pnl.png
     
    Last edited: Apr 10, 2023
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  14. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    What's your margin?
     
  15. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    If you meant Leverage - 1 @ 15x, 2 @ 20x, 1 @ 50x
     
    Last edited: Apr 12, 2023
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  16. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    Hahahaha that's crazy. I could never
     
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  17. heartastack

    heartastack Well-Known Member Silver Stacker

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    Couldn't wait for confirmation above 30k for a week or so? Power to you. It looks like the bears (including me) could get crushed soon! I mean, it always looks that way till it doesn't.
    Given I haven't done enough altcoin research to take punts right now I think there is real money to be made in mining stocks this year if gold does its thing. BTC to a million is 30-35 bags from here. Some good miner picks would yield similarly.
     
  18. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    monker.jpg
     
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  19. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I originally bought in quite hard when the 200 wma at 22k was hit. Didn't pick up as much when the 300 wma was hit unfortunately
     
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  20. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I
    Hope you closed these positions
     

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