Bet on the Value of Bitcoin at the End of 2017

Written by Akos on 2017-10-19 at 06:38
bet on the value of Bitcoin Bet on the value of Bitcoin (source: Jason Benjamin @Flickr)
If you are interested in the no. 1 cryptocurrency, Bitcoin, but you’re not confident in buying some, head over to 1xBet Sportsbook and place a bet on the value of Bitcoin at the end of 2017 instead!

The concept of Bitcoin, the most relevant cryptocurrency, is an intriguing one. Just think about it: which other currency’s value changes by billions in the matter of a minute? Whether you think of it as Monopoly-money, or take it extremely seriously, following the evolution Bitcoin can offer you some value. I’m talking about entertainment value. Though the short-term fluctuation in Bitcoin’s worth can be huge - compared to other currencies - it’s still worth a lot. Let’s take the last few days of Bitcoin for an example. On Tuesday, October 17th, the U.S. Commodity Futures Trading Commission (CFTC) published a report, concerning Bitcoin.

Bitcoin's evolution (source: coindesk.com)

The CFTC, whose mission is to “foster open, transparent, competitive, and financially sound markets,”  points to operational, cybersecurity, and speculative risks. Obviously, this signaled that the cryptocurrency is likely to end up under the microscope of regulators and this signal triggered an 8% drop in Bitcoin price, the largest since China’s crackdown on the currency in September. While these are considerable slumps, Bitcoin has rebounded extremely fast in both cases.

Bitcoin befor and after China (source: coindesk.com)



Bitcoin as Commodity
Bitcoin is both a currency and a commodity. You can pay with at companies that accept it just like you can use US Dollars for payments. At the same time, you can look at it as an investment, like buying gold. It’s price is usually on the uphill, so there are many investors who like the idea of buying Bitcoin. However, as with every other cryptocurrency, the future and lasting effect of Bitcoin is questionable. That being said, it’s not surprising that some are not confident in buying some.

If you like the idea of Bitcoin and you like to follow news regarding its swings as a pastime but you don’t plan on buying it, there’s another option for you to play with this cryptocurrency: bet on the value of it. It works like any other bet on sports or novelties: if your guess is right you win. Today, we offer you some odds to bet on the value of Bitcoin by the end of 2017.

Place a bet on the value of Bitcoin at the end of 2017

Value Odds
$2,500 - $5,000 7/5
Less than $2,500 7/2
More than $10,000 18/1
$5,000 - $7,500 15/8
$7,500 - $10,000 4/1
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