1. 01-15-15 04:53 PM #36
    TheMoneyShot
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    It's just like any stock trading... you got to know when to hold on and let go. It's hard enough wagering on sports... now we have to figure out when to hang onto a Bitcoin and when to let go. It's not worth the stress.
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  2. 01-15-15 04:57 PM #37
    Sam Odom
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    Quote Originally Posted by TheMoneyShot View Post

    It's just like any stock trading... you got to know when to hold on and let go. It's hard enough wagering on sports... now we have to figure out when to hang onto a Bitcoin and when to let go. It's not worth the stress.



    Sorry , really I am , but the purpose of this thread (read title) is that Coinbase now has an option that alleviates the stress you mentioned - Just park your converted bitcoins or $$$ from bank acct into their USD Wallet

    Takeout when and what you need to either send to bank or book
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  3. 01-15-15 05:14 PM #38
    ItsMeMrMattE
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    Quote Originally Posted by Sam Odom View Post




    Sorry , really I am , but the purpose of this thread (read title) is that Coinbase now has an option that alleviates the stress you mentioned - Just park your converted bitcoins or $$$ from bank acct into their USD Wallet

    Takeout when and what you need to either send to bank or book
    btc for dummies isnt selling for whatever reason sam.
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  4. 01-15-15 05:14 PM #39
    pavyracer
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    Give me one reason to buy bitcoins and not stocks?
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  5. 01-15-15 05:16 PM #40
    Sam Odom
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    Quote Originally Posted by pavyracer View Post

    Give me one reason to buy bitcoins and not stocks?

    Send Heritage Sports $10K in stocks and have it ready to wager in your acct in 2hrs
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  6. 01-15-15 05:25 PM #41
    jjgold
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    "JJ ask Sammy this question, Sammy do you have any stake in bitcoin companies"
    Sherry

    Sammy do you have any stake in bitcoin companies??

    Thanks
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  7. 01-15-15 05:27 PM #42
    TheMoneyShot
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    Quote Originally Posted by Sam Odom View Post



    Sorry , really I am , but the purpose of this thread (read title) is that Coinbase now has an option that alleviates the stress you mentioned - Just park your converted bitcoins or $$$ from bank acct into their USD Wallet

    Takeout when and what you need to either send to bank or book
    It's quite alright Sam. If Michigan was listed... I'd think about it. But again... cash is King. Always will be.

    I wonder how many people lost when bitcoin dropped from $500 to $200??? That's a significant loss. I'd say 30% of those users won't trust Bitcoin anymore.
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  8. 01-15-15 05:32 PM #43
    jjgold
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    If your using it for certain usa type books and your bitcoin does not lose value because of daily price changes its ok
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  9. 01-15-15 05:34 PM #44
    Sam Odom
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    Quote Originally Posted by TheMoneyShot View Post

    I wonder how many people lost when bitcoin dropped from $500 to $200??? That's a significant loss. I'd say 30% of those users won't trust Bitcoin anymore.

    Nevermind...

    Some people are just incapable (for whatever reason) of grasping this concept of moving $$$ around from bettor to book and back again using bitcoins

    God Bless'em
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  10. 01-15-15 05:37 PM #45
    ItsMeMrMattE
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    Quote Originally Posted by pavyracer View Post
    Give me one reason to buy bitcoins and not stocks?
    20% increase on investment in 24 hrs, with an asset that can be exchanged for anything from usd, gold, to drugs instantly.
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  11. 01-15-15 05:40 PM #46
    TheMoneyShot
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    Quote Originally Posted by Sam Odom View Post
    Nevermind...

    Some people are just incapable (for whatever reason) of grasping this concept of moving $$$ around from bettor to book and back again using bitcoins

    God Bless'em
    Sportsbook To Sportsbook Transfer.

    It's not even considered a LEGAL currency in any country. How can you transfer something that's technically in space???

    And who the hell tells me when it goes up and down???? Who's the wiseguy dictating the flow of this "internet currency?" It's practically impossible to realistically estimate value on some Imaginary Bitcoin. The entire system is faulty. Someone will tank it soon enough.
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  12. 01-15-15 05:41 PM #47
    capitalist pig
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    Quote Originally Posted by Sam Odom View Post
    Nevermind...

    Some people are just incapable (for whatever reason) of grasping this concept of moving $$$ around from bettor to book and back again using bitcoins

    God Bless'em
    Its very simple, the vast majority of posters are here for SBR point betting not real money.

    later
    Last edited by capitalist pig; 01-15-15 at 05:46 PM.
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  13. 01-15-15 05:42 PM #48
    Double Bogey
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    All the value is in the transport process, not the actual bitcoins. It's not backed by anything other than perception.

    People aren't understanding how big this is that they are holding your money in dollars. You can now use the great transport process without being forced to "invest" in bitcoin short term. I'm in with this.

    The guys trying to claim real value in the actual bitcoins are the suckers. It will continue to be manipulated up and down, making some in the know billions. The guys trying to justify the swings with economic theories crack me up. They need to look back into what happened in the stock market before regulations.
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  14. 01-15-15 05:45 PM #49
    capitalist pig
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    Quote Originally Posted by TheLock View Post
    Of course Florida not on the list
    Yea whats the deal here in FL?

    later
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  15. 01-15-15 05:45 PM #50
    Sam Odom
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    Quote Originally Posted by TheMoneyShot View Post

    It's not even considered a LEGAL currency in any country. How can you transfer something that's technically in space???

    Name: bitcoin.jpg Views: 311 Size: 100.2 KB
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  16. 01-16-15 12:11 AM #51
    raiders72001
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    Quote Originally Posted by Sam Odom View Post
    You're changing the subject again from money moving to investing

    My reply post #15 was to your money moving topic
    agree with you. We are using bitcoins just to transfer money. Electronic currencies are here to stay whether it's bitcoins or some type of improved version.
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  17. 01-16-15 12:15 AM #52
    raiders72001
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    Add Microsoft to this list since the article was written prior to Microsoft accepting bitcoins
    PayPal Joins Dell, DISH, Expedia, Overstock To Accept Bitcoins As Payment
    PayPal will soon start accepting bitcoins, adding the second-largest Internet payment network to a handful of high-profile retailers already taking the digital currency and potentially expanding the bitcoin user base from thousands to millions.Bill Ready, head of Braintree, the eBay unit that facilitates mobile payments for high-profile companies such as Uber, Airbnb and TaskRabbit, confirmed rumors about the adoption of bitcoin at the Techcrunch Disrupt conference in San Francisco on Monday.
    “We’re announcing PayPal’s first foray into bitcoin,” he said. “Over the coming months, we’ll allow our merchants to accept bitcoin. On the consumer side, it will be a sleek experience.”
    “This is very meaningful,” Wedbush Securities Inc. analyst Gil Luria told International Business Times.
    He explained that, while it will take some time, the move will open up PayPal’s more than 150 million registered accounts to the virtual currency.
    “If PayPal allowed integration of bitcoin into the PayPal wallet, that would have very profound implications,” Luria said. “If that happened, bitcoin use would jump from tens of thousands to millions of retailers.”
    PayPal may soon be one of the biggest bitcoin users, but it’s not the only major company to adopt the online currency. According to CoinDesk, more than 63,000 businesses already handle bitcoins, mainly using a platform called Coinbase.
    Here are a few of the most notable.
    Dell Inc. (NASDAQELL)
    The computer maker has been accepting bitcoins since July of this year.
    “Bitcoin is a new payment option intended to offer even more flexibility for customers,” the company website says. “Bitcoin payments can be made easily from anywhere in the world, and offer reduced payment processing costs.”
    Dish Network Corp. (NASDAQISH)
    The satellite service provider with more than 14 million subscribers launched its bitcoin platform in May 2014.
    “We don’t know what the demand will be, exactly,” Dish’s chief operating officer Bernie Han told the New York Times. “It might be tiny. It might be bigger than tiny. It’s probably growing.”
    Expedia Inc. (NASDAQ:EXPE)
    Also this summer, the online travel booking firm began accepting the digital currency for customers looking to book reservations at one of its 45,000 listed hotels.
    “Certainly, there are people who want to book airline tickets with Expedia, but it made sense from a technology standpoint, from a business standpoint, and from a customer demand standpoint to jump out with hotels first,” Michael Gulmann, Expedia’s executive vice president of global product, said to CoinDesk.
    Overstock.com Inc. (NASDAQ:OSTK)
    One of the best-known bitcoin adopters, this online retailer has been enabling customers to use the cryptocurrency since January this year. By August, bitcoin sales had exceeded $2 million, about one-quarter of 1 percent of the company’s total sales.
    Overstock’s chief executive, Patrick Byrne, told Reuters he expected sales to hit between $6 million and $8 million this year. “I think the world expects us to make 75-80 cents per share this year. And 4 cents of that would be attributable to bitcoin,” he said.
    Virgin Galactic, LLC
    Billionaire Richard Branson’s commercial space carrier announced in late 2013 that it would be accepting bitcoins as payment for future space travel. Its first payment came from a flight attendant from Hawaii, but more soon followed, including the high-profile Winklevoss twins, who used bitcoins to purchase their own space flight tickets in March of this year.
    “Virgin Galactic is a company looking into the future; so is bitcoin. So it makes sense we would offer bitcoin as a way to pay for your journey to space,” Branson said in a statement.
    But these companies are just a handful of those adopting the digital currency. Tesla, Wordpress, Zynga, Etsy and others have already allowed consumers to purchase products with bitcoin, and with Ebay on board, more are sure to follow.
    http://www.ibtimes.com/paypal-joins-...ayment-1682812
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  18. 01-16-15 01:31 AM #53
    terpkeg
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    Quote Originally Posted by Double Bogey View Post
    All the value is in the transport process, not the actual bitcoins. It's not backed by anything other than perception.
    Quote Originally Posted by Double Bogey View Post

    People aren't understanding how big this is that they are holding your money in dollars. You can now use the great transport process without being forced to "invest" in bitcoin short term. I'm in with this.

    The guys trying to claim real value in the actual bitcoins are the suckers. It will continue to be manipulated up and down, making some in the know billions. The guys trying to justify the swings with economic theories crack me up. They need to look back into what happened in the stock market before regulations.
    Sounds like the US dollar! Perception is everything.

    In any event, W*U seems to be busting some balls. I assume at the request of our lovely freedom fry spewing oppressors (i mean leaders). So, to move "money" from where we have have it to where it needs to go, this is BY FAR the best option. As someone previously said, the fluctuation in the hour or less that it should take to move the "money" from the comforts of your own home is offset by other inconveniences and costs as well as the potential gain.

    Basically, imo, if you are not all in supporting this you are either completely oblivious or are a complete jirk off. Can't really come up with an alternative explanation.
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  19. 01-16-15 03:36 AM #54
    Art Vandeleigh
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    Quote Originally Posted by pavyracer View Post
    Give me one reason to buy bitcoins and not stocks?
    You can't really talk about bitcoin without talking about the blockchain. But that's something I think people have to learn about for themselves.

    In the end (by the year 2040) there will be a total of 21 million bitcoins, and no more will ever be mined.

    If there are 21 million bitcoins, and 10,000 people want to use the blockchain, then they're probably not going to be worth too much.

    If however, someday 500 million people want to use the blockchain, bitcoins should be worth a lot.
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  20. 01-16-15 07:47 AM #55
    jjgold
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    Some respected companies use bitcoins in usa but not many people actually using it yet
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  21. 01-16-15 09:13 PM #56
    bobtoma
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    Dish takes Bitcoins
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  22. 01-16-15 09:29 PM #57
    Ironman07
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    Sam everyone understands your point however you need to realize if you transfer funds into your account to bet and want to withdraw after the days games are over you can loose over 10% or more on days it is tanking...its had a draw downs over the last month daily of over 15% 3 x in the last month. if you playing any kind of coin your going to waked for over $500 on multiple days just trying to fund and withdrawal. I use bitcoin all the time but have lost major $$ transferring it over the last month interday. is is worth it for records ?sometimes yes but lately no way.
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  23. 01-16-15 11:02 PM #58
    raiders72001
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    Quote Originally Posted by Ironman07 View Post
    Sam everyone understands your point however you need to realize if you transfer funds into your account to bet and want to withdraw after the days games are over you can loose over 10% or more on days it is tanking...its had a draw downs over the last month daily of over 15% 3 x in the last month. if you playing any kind of coin your going to waked for over $500 on multiple days just trying to fund and withdrawal. I use bitcoin all the time but have lost major $$ transferring it over the last month interday. is is worth it for records ?sometimes yes but lately no way.
    Anonibet allows you to play in USD and I'm sure others will follow.
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  24. 01-16-15 11:05 PM #59
    Sam Odom
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    Quote Originally Posted by raiders72001 View Post

    Anonibet allows you to play in USD and I'm sure others will follow.

    Heritage & 5dimes converts to cash automatically

    Although I'm not happy with 5D at the present
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  25. 01-16-15 11:07 PM #60
    raiders72001
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    Quote Originally Posted by Sam Odom View Post
    Heritage & 5Dimes converts to cash automatically

    Although I'm not happy with 5D at the present
    The disadvantage is that 5Dimes and Heritage request personal information.
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  26. 01-16-15 11:19 PM #61
    Scorpion
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    Quote Originally Posted by Sam Odom View Post
    Heritage & 5dimes converts to cash automatically

    Although I'm not happy with 5D at the present
    why?
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  27. 01-16-15 11:54 PM #62
    Sam Odom
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    Quote Originally Posted by Sam Odom View Post

    Although I'm not happy with 5D at the present

    Quote Originally Posted by Scorpion View Post

    why?

    I was speaking mainly about btc use there - 5Dimes c/s is shitty! Might take 3-4 hrs just to get a reply from them - Chat is useless
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  28. 01-17-15 12:17 PM #63
    Scorpion
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    Who Accepts Bitcoins?

    List of Companies Who Accepts Bitcoins as Payment!

    http://www.bitcoinvalues.net/who-acc...-bitcoins.html
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  29. 01-17-15 12:24 PM #64
    jjgold
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    Bitcoin always good threads

    The pros and cons to it

    Good work
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  30. 01-17-15 12:33 PM #65
    TheMoneyShot
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    It cracks me up how fired up Bitcoin promoters get when discussing Bitcoin. You guys should work for their company.

    Way too much personal information being asked when dealing with Bitcoin. Kind of ridiculous.
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  31. 01-17-15 12:49 PM #66
    Sam Odom
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    It cracks me up how ignorant some are...
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  32. 01-17-15 12:49 PM #67
    jjgold
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    Use these threads as education

    Pros and cons
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  33. 01-17-15 12:50 PM #68
    Sam Odom
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    Quote Originally Posted by Sam Odom View Post

    It cracks me up how ignorant some are...

    Example:


    Quote Originally Posted by TheMoneyShot View Post

    It's not even considered a LEGAL currency in any country. How can you transfer something that's technically in space???
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  34. 01-17-15 01:11 PM #69
    TheMoneyShot
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    Quote Originally Posted by Sam Odom View Post
    It cracks me up how ignorant some are...
    Clearly not ignorant. How much have you lost on the back end every time you switch a Bitcoin? And don't bullsh#$ us.
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  35. 01-17-15 01:14 PM #70
    Russian Rocket
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    Sammy side question:

    can you explain to us the 5% drop in this so called currency in the last 24h?...a 28% drop in the last week and a 36% drop in the last month?
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