912 sats \ 9 replies \ @orthwyrm 21 Nov 2023 \ on: Stacker Saloon
Let's have a cheeky flutter.
I'll bet 10k sats that BNB hits sub-$100 between now and Christmas.
Any takers?
Interesting bet. What do you know that we don't? Apart from everything relative to Bitcoin will tank.
reply
Apart from the recent news (Binance sued for $4B and CZ stepping down)?
reply
Wow! First time hearing about this. Thanks for sharing. No one will take that bet now. Lmao. Sorry for spoiling your fun.
reply
No one will take that bet now.
It always depends on risk/reward. Would you not bet a single sat to potentially win 10k sats?
reply
If you're serious @orthwyrm I can take you up on the 10k offer, I don't really care or follow the BNB token price action but a drop to sub 100 in 30+ days will be difficult.
reply
Deal!
reply
reply
I'll bet 1k sats against because I don't know what I am doing, lol
edit: looking at the chart, sub-$100 is a long way to go
Maybe I'll increase my bet to match yours, just for the lulz 🤔
reply
I think it's more of a 50:50. I can reduce the bet to 1k for both sides though.
Agreed it's a big drop. On the other hand, such a drop isn't unusual for exchange tokens (see FTX, CEL).
My base case, aside from the recent news, is that the ETF gang has an incentive to help cut Binance down. SEC has repeatedly cited market manipulation and exchange risk as a reason for rejecting ETF applications. And if ETF approval indeed occurs around Jan 2024, we could expect to see something big happen to Binance between now and Christmas.
I could be wrong, but decided to put my money where my mouth is. It's more fun that way!
BTW, does SN have an equivalent to the Reddit !remindme bot?
reply