20% from the 4600 value on the date the original comment of October 30th should do, say anything sub 3700 and prepare to pay up
i'd prefer you send usdc. but if you need to learn up and ditch the paypal, there is still time. we in the digital age, can't remember the last time I mailed a check
Ah, the taste of refreshing humorous snark aside, we just need to iron a few things out.
1) S & P 500 closing price of 10/30/2021 doesn't exist (it was a Saturday). So we need to choose a date close to it. The 29th or the 1st of November. I like closing prices for determining this, but am willing to accept open, high, or low price of the day. Your choice what will be the actual number used to determine the starting point. Let us not be vague about this or round things too much; we should want to use real actual reported figures because it cuts out avenues for wriggling to avoid paying up (on both sides). Two decimal point rounding maximum as per standard reporting.
2) 20% decline = financial collapse is acceptable to me for the purposes of this bet. Once we agree on the starting figure that is based on the above actual price of the S & P 500 index, we can calculate what the same price needed to plainly show winner/loser.
3) 4/30/2022 as ending date is acceptable to you, correct?
4) I have no USD Coin assets in my Coinbase account and do not prefer to settle bets with it that account or convert any holdings to it. Paypal was one of the first free ways to send USD in this new digital age of ours and doesn't carry any conversion costs and it is where I have some mad money, so it just was an easy pathway for me to pay up or collect on this sort of thing. I get you not having such an account, and I also understand you not wanting paper cheque due to sending/received/cashing hassles, so ok, not that way. Is there compromise here or some other avenue to use for settling the $100 wager? Please don't say Western Union or Hawala. By they way, I still pay property tax with paper cheques because SF Tax Collector (and other institutions that also) charges for electronic payments. I'm like, "Hey, this saves us both money and hassle, why charge for it?"
5) And to be absolutely clear, you are thinking that a 20% decline does not mean a single day event (which is what I was originally thinking). For example, if we frame this bet on opening price 11/1/2021 of 4610.62 and it drops bit by bit to anything at or below 3688.5 at any point between between start of 11/1/2021 and close of 4/30/2022, then you win means that you win the bet? Or do you mean that if we frame this bet on opening price 11/1/2021 of 4610.62 regardless of the ups and downs between start of 11/1/2021 and close of 4/30/2022, the closing price of 4/30/2022 needs to anything at or below 3688.5 means you win the bet. I admit to wanting the 2nd option. We can negotiate on this. Again, just want to avoid possible settlement crap and know we have a firm agreement.