[TommyDog]

If you would have told me in 2000 that it would be this difficult to wager offshore in 2016, I would have never believed it. Back then, offshore wagering seemed to be on the upswing, and it seemed certain that the business would easily find creative ways to stay one step ahead and keep things relatively simple in terms of transferring funds to and from books.

In reality, it's never been more difficult.

Finally decided to jump in on the Bitcoin bandwagon, more out of desperation than anything else. Signed up at Nitrogen, and after trying out the book for a bit with small amounts, I liked what I saw (all things considered), and decided to go on in with a Bitcoin book.

Purchased five Bitcoins on Friday so that I could adequately fund my nitrogen account. Purchased them through my bank, which means the bitcoin will actually hit my "wallet" tomorrow or Wednesday. Without even making a bet, my "gamble" on Bitcoin has cost me roughly $229 because of the decrease in bitcoin worth from Friday ($658) to today ($613)... The way bitcoin continues to drop I'm sure the loss will be even greater by midweek.

In the end, Bitcoin was as much a gamble as was me laying $200 on a baseball game. Ugghhh!!!!

I understand the restrictions the US govt places on offshore wagering and the transferring of funds and such, but c'mon.... It's just difficult for me to believe that the books haven't done a better job of staying ahead of the curve.

Very frustrating these days, and if this continues offshore wagering will die a not-so-slow death in terms of its US marketplace.

[jjgold]

If you would have told me in 2000 that it would be this difficult to wager offshore in 2016, I would have never believed it. Back then, offshore wagering seemed to be on the upswing, and it seemed certain that the business would easily find creative ways to stay one step ahead and keep things relatively simple in terms of transferring funds to and from books.

In reality, it's never been more difficult.

Finally decided to jump in on the Bitcoin bandwagon, more out of desperation than anything else. Signed up at Nitrogen, and after trying out the book for a bit with small amounts, I liked what I saw (all things considered), and decided to go on in with a Bitcoin book.

Purchased five Bitcoins on Friday so that I could adequately fund my nitrogen account. Purchased them through my bank, which means the bitcoin will actually hit my "wallet" tomorrow or Wednesday. Without even making a bet, my "gamble" on Bitcoin has cost me roughly $229 because of the decrease in bitcoin worth from Friday ($658) to today ($613)... The way bitcoin continues to drop I'm sure the loss will be even greater by midweek.

In the end, Bitcoin was as much a gamble as was me laying $200 on a baseball game. Ugghhh!!!!

I understand the restrictions the US govt places on offshore wagering and the transferring of funds and such, but c'mon.... It's just difficult for me to believe that the books haven't done a better job of staying ahead of the curve.

Very frustrating these days, and if this continues offshore wagering will die a not-so-slow death in terms of its US marketplace.

yes especially if bitcoin gets squeezed out and gov't gets involved
credit biz is thriving though

[tb1984]

If you would have told me in 2000 that it would be this difficult to wager offshore in 2016, I would have never believed it. Back then, offshore wagering seemed to be on the upswing, and it seemed certain that the business would easily find creative ways to stay one step ahead and keep things relatively simple in terms of transferring funds to and from books.

In reality, it's never been more difficult.

Finally decided to jump in on the Bitcoin bandwagon, more out of desperation than anything else. Signed up at Nitrogen, and after trying out the book for a bit with small amounts, I liked what I saw (all things considered), and decided to go on in with a Bitcoin book.

Purchased five Bitcoins on Friday so that I could adequately fund my nitrogen account. Purchased them through my bank, which means the bitcoin will actually hit my "wallet" tomorrow or Wednesday. Without even making a bet, my "gamble" on Bitcoin has cost me roughly $229 because of the decrease in bitcoin worth from Friday ($658) to today ($613)... The way bitcoin continues to drop I'm sure the loss will be even greater by midweek.

In the end, Bitcoin was as much a gamble as was me laying $200 on a baseball game. Ugghhh!!!!

I understand the restrictions the US govt places on offshore wagering and the transferring of funds and such, but c'mon.... It's just difficult for me to believe that the books haven't done a better job of staying ahead of the curve.

Very frustrating these days, and if this continues offshore wagering will die a not-so-slow death in terms of its US marketplace.

- I think you need to do more research. Circle and Coinbase are not the only places to buy bitcoins, you can get your bitcoins instant at other places: localbitcoins, paxful, libertyx... other SBR members can chime in on other places.

- How can books go against the U.S government? Back in 2000, internet was still in early stage, I'm not sure the U.S government would have known about off-shore books, but eventually they did by passing The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). Blame the Republicans.