1. 04-28-16 09:12 AM #36
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1901

    Is there talk/opinions, that Bitcoin could go back to $1,000?

    Raiders...what type of value ranges do you see Bitcoin reaching over the next 12 months?
    Reply With Quote Reply With Quote
  2. 04-28-16 11:52 AM #37
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    Quote Originally Posted by 3runhomer View Post
    Is there talk/opinions, that Bitcoin could go back to $1,000?

    Raiders...what type of value ranges do you see Bitcoin reaching over the next 12 months?
    3run- Your guess is as good as mine with BTC prices. I would like to see the price stabilize to gain more acceptance. It's seems that the mainstream's fear is the price fluctuation.
    Reply With Quote Reply With Quote
  3. 04-28-16 11:59 AM #38
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    Quote Originally Posted by Optional View Post
    Thanks Raiders. Was reading a blog article by a guy who thinks it's could go under 10 cents if bitcoin balloons to $1000 fast. Does that sound at all believable to you? Sounds like a fairly well established and supported coin at over $6, surely traders would support and keep it well over 10 cents? Or is this market really that volatile? Wish I had more time to get into this.

    How easy is it for Americans to cash it out for dollars? Any exchanges like Circle where bettors could have it stored as fiat vlaue?
    The volatility of the alt. coins is crazy. It's dependent on publicity for the most part. I really liked ETH because a lot of big corporations like the theory but ETH is taking a beating now.

    To cash out or save in dollars you would exchange the alt. coin to bitcoins and go the usual route.
    Reply With Quote Reply With Quote
  4. 04-28-16 12:04 PM #39
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    This was published January 6th.

    1. Many who used the terms 'blockchain' or 'distributed ledger' will learn they actually meant Ethereum
    Ethereum will begin to demonstrate its power as less effort is required on the protocol (given the successful version 1.0 release on 31st July, 2015), and more development is focused on decentralized applications.
    Moreover, Ethereum browsers like Meta Mask and Mist and the uPort wallet and self-sovereign Identity portal will be usable by the 99.5% of the world who aren’t computer programmers, so the average user will not have to access Ethereum via command-line.
    The price of Ether will be over $1.15 by 29th February, 2016.
    http://www.coindesk.com/16-blockchai...dictions-2016/
    Reply With Quote Reply With Quote
  5. 04-28-16 12:24 PM #40
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    i was loving bitcoin then the drastic drop. ugh...

    why max out at 21 million? not that it's a bad thing but just wondering where did they come up with this number from?
    Reply With Quote Reply With Quote
  6. 04-28-16 02:33 PM #41
    dpeti
    dpeti's Avatar Become A Pro!
    Join Date: 02-20-16
    Posts: 81
    Betpoints: 336

    Quote Originally Posted by Ghenghis Kahn View Post
    i was loving bitcoin then the drastic drop. ugh...

    why max out at 21 million? not that it's a bad thing but just wondering where did they come up with this number from?
    The unit of account of the bitcoin system is bitcoin. As of 2014, symbols used to represent bitcoin are BTC,[note 2] XBT,[note 3] and .[note 4][42]:2 Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), microbitcoin (µBTC), and satoshi. Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin.[4] A millibitcoin equals to 0.001 bitcoin, which is one thousandth of bitcoin.[43] One microbitcoin equals to 0.000001 bitcoin, which is one millionth of a bitcoin. A microbitcoin is sometimes referred to as a bit.

    21 millions means nothing, it could be 210 ,2100, 21000 if there would be another unit names too
    Reply With Quote Reply With Quote
  7. 04-28-16 02:34 PM #42
    dpeti
    dpeti's Avatar Become A Pro!
    Join Date: 02-20-16
    Posts: 81
    Betpoints: 336

    Quote Originally Posted by Ghenghis Kahn View Post
    i was loving bitcoin then the drastic drop. ugh...

    why max out at 21 million? not that it's a bad thing but just wondering where did they come up with this number from?
    The unit of account of the bitcoin system is bitcoin. As of 2014, symbols used to represent bitcoin are BTC,[note 2] XBT,[note 3] and .[note 4][42]:2 Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), microbitcoin (µBTC), and satoshi. Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin.[4] A millibitcoin equals to 0.001 bitcoin, which is one thousandth of bitcoin.[43] One microbitcoin equals to 0.000001 bitcoin, which is one millionth of a bitcoin. A microbitcoin is sometimes referred to as a bit.21 millions means nothing, it could be 210 ,2100, 21000 if there would be another units too
    Reply With Quote Reply With Quote
  8. 04-28-16 02:57 PM #43
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    and you'll see the price listed as mBTC a lot when bitcoin users are talking small values.
    Reply With Quote Reply With Quote
  9. 04-28-16 03:03 PM #44
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    what i meant was why 21 million coins max. after that number no more bitcoin can be mined right?
    Reply With Quote Reply With Quote
  10. 04-28-16 03:17 PM #45
    dpeti
    dpeti's Avatar Become A Pro!
    Join Date: 02-20-16
    Posts: 81
    Betpoints: 336

    Quote Originally Posted by Ghenghis Kahn View Post
    what i meant was why 21 million coins max. after that number no more bitcoin can be mined right?
    "If the mining power had remained constant since the first Bitcoin was mined, the last Bitcoin would have been mined somewhere near October 8th, 2140. Due to the mining power having increased overall over time, as of block 367,500 - assuming mining power remained constant from that block forward - the last Bitcoin will be mined on May 7th, 2140."

    If there is a consensus (miners, developers, community) then almost everthing can be changed.
    Reply With Quote Reply With Quote
  11. 04-28-16 07:45 PM #46
    ace7550
    ace7550's Avatar Become A Pro!
    Join Date: 05-08-15
    Posts: 3,729
    Betpoints: 7772

    It will take a very long time for them to mine every bitcoin because the amount the miners can mine decreases as they get closer and closer to 21 million.
    Also, if anyone is interested in investing, now would be a good time to by Ethereum. It has certainly taken a beating recently but it will find traction soon and it has all kinds of potential.
    Reply With Quote Reply With Quote
  12. 04-28-16 07:56 PM #47
    Memento
    Short Term Memory Loss Required
    Memento's Avatar Become A Pro!
    Join Date: 01-28-15
    Posts: 1,191
    Betpoints: 474

    Quote Originally Posted by Ghenghis Kahn View Post
    what i meant was why 21 million coins max. after that number no more bitcoin can be mined right?
    yes, so that it can be treated as a commodity and still used as currency. Sort of like being able to use gold to buy things.
    Reply With Quote Reply With Quote
  13. 04-28-16 09:38 PM #48
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    Quote Originally Posted by ace7550 View Post
    It will take a very long time for them to mine every bitcoin because the amount the miners can mine decreases as they get closer and closer to 21 million.
    Also, if anyone is interested in investing, now would be a good time to by Ethereum. It has certainly taken a beating recently but it will find traction soon and it has all kinds of potential.
    best site to buy ethereum? i'll buy a dozen just to play with.
    Last edited by Ghenghis Kahn; 04-28-16 at 09:45 PM.
    Reply With Quote Reply With Quote
  14. 04-28-16 09:41 PM #49
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    Quote Originally Posted by Ghenghis Kahn View Post
    best site to buy ethereum? i'll by a dozen just to play with.
    https://poloniex.com/
    Points Awarded:

    Ghenghis Kahn gave raiders72001 2 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  15. 04-28-16 09:56 PM #50
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    Oops.

    That was an invalid confirmation URL. Please try again.

    If you're having trouble creating an account please contact support.

    lol i keep getting this message when i try to confirm my email. i don't know about this site. looks like a mickey mouse shop.

    never mind, i guess my account has been created.
    Last edited by Ghenghis Kahn; 04-28-16 at 10:01 PM.
    Reply With Quote Reply With Quote
  16. 04-28-16 10:01 PM #51
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    Exchanges trading ETH
    Ethereum Markets






    # Source Pair Volume (24h) Price Volume (%) Updated
    1 Poloniex ETH/BTC $ 5,178,500 $ 7.34 54.29 % Recently
    2 Kraken ETH/BTC $ 1,541,650 $ 7.36 16.16 % Recently
    3 Bitfinex ETH/BTC $ 798,615 $ 7.35 8.37 % Recently
    4 Gatecoin ETH/BTC $ 770,006 $ 7.37 8.07 % Recently
    5 Kraken ETH/EUR $ 347,813 $ 7.34 3.65 % Recently
    6 Livecoin ETH/BTC $ 154,483 $ 7.32 1.62 % Recently
    7 Bitfinex ETH/USD $ 140,948 $ 7.34 1.48 % Recently
    8 Yunbi ETH/CNY $ 121,088 $ 7.30 1.27 % Recently
    9 Bittrex ETH/BTC $ 98,478 $ 7.36 1.03 % Recently
    Reply With Quote Reply With Quote
  17. 04-28-16 10:15 PM #52
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    Reply With Quote Reply With Quote
  18. 04-29-16 09:51 PM #53
    ace7550
    ace7550's Avatar Become A Pro!
    Join Date: 05-08-15
    Posts: 3,729
    Betpoints: 7772

    Quote Originally Posted by Ghenghis Kahn View Post
    Oops.

    That was an invalid confirmation URL. Please try again.

    If you're having trouble creating an account please contact support.

    lol i keep getting this message when i try to confirm my email. i don't know about this site. looks like a mickey mouse shop.

    never mind, i guess my account has been created.
    Poloniex is legit. I have been using Poloniex for quite a while and never had a problem. They got hacked in 2014, stayed open, and are more successful than ever: http://www.coindesk.com/poloniex-los...exchange-hack/
    Reply With Quote Reply With Quote
  19. 04-30-16 12:19 PM #54
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    yeah i believe you guys, it's just that initially, when they sent me an email to confirm, i kept getting that message and wouldn't let me confirm.

    another note, can i just leave my ethereum coins sit there without doing anything for a long time?
    Reply With Quote Reply With Quote
  20. 04-30-16 12:55 PM #55
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    Quote Originally Posted by Ghenghis Kahn View Post
    yeah i believe you guys, it's just that initially, when they sent me an email to confirm, i kept getting that message and wouldn't let me confirm.

    another note, can i just leave my ethereum coins sit there without doing anything for a long time?
    yes. +22% in last 24 hours.

    http://coinmarketcap.com/
    Reply With Quote Reply With Quote
  21. 04-30-16 01:00 PM #56
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    4/30
    The Ethereum development and design team and its far-reaching community are poised to replace traditional, hierarchical, centrally governed companies with the entirely new concept of a decentralised autonomous organisation (DAO).Some have speculated the acquisition of tokens to join "The DAO" may attract over $100m of ether (ETH), the native currency of Ethereum. No one saw Ethereum coming two years ago, yet it became the world's second largest crowdfunder at the time $18.9m. No time has yet been given for the start of the DAO token sale.
    A truly decentralised organisation (equivalent to a blockchain company) means the individuals that form it stay in control of its funds, vote on its future and get rewarded when it succeeds.
    http://www.ibtimes.co.uk/ethereum-re...ch-dao-1557576
    Reply With Quote Reply With Quote
  22. 04-30-16 01:03 PM #57
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    Quote Originally Posted by raiders72001 View Post
    yes. +22% in last 24 hours.

    http://coinmarketcap.com/
    yeah i've been getting lucky with bitcoin and etherium. i just bought 13 when it was $7.34 to mess around wish i bought some more. lol
    Reply With Quote Reply With Quote
  23. 04-30-16 01:12 PM #58
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    No idea what will happen with the price but the media buzz on ETH is crazy right now. Amount traded of top 4 crypto-currencies in the last 24 hours.

    1. BTC $64m
    2. ETH $31m
    3. LTC $2m
    4. XRP $340k
    Reply With Quote Reply With Quote
  24. 04-30-16 01:12 PM #59
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,488
    Betpoints: 15350

    Quote Originally Posted by Ghenghis Kahn View Post
    yeah i've been getting lucky with bitcoin and etherium. i just bought 13 when it was $7.34 to mess around wish i bought some more. lol
    Nice
    Reply With Quote Reply With Quote
  25. 04-30-16 01:17 PM #60
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    i was starting to stack silver but you converted me into crypto currency. thanks for all your help...
    Reply With Quote Reply With Quote
  26. 04-30-16 03:27 PM #61
    ace7550
    ace7550's Avatar Become A Pro!
    Join Date: 05-08-15
    Posts: 3,729
    Betpoints: 7772

    How much ETH do you guys own? I only have a few hundred USD worth. Cheers to crypto!
    Reply With Quote Reply With Quote
  27. 04-30-16 03:29 PM #62
    ace7550
    ace7550's Avatar Become A Pro!
    Join Date: 05-08-15
    Posts: 3,729
    Betpoints: 7772

    ETHEREUM EXCHANGE
    ETH/BTC

    Last Price
    0.02004180

    24hr Change
    23.03%

    24hr High
    0.02087000

    24hr Low
    0.01620000


    24hr Volume:
    43222.03392161 BTC / 2279412.89749666 ETH


    Reply With Quote Reply With Quote
  28. 04-30-16 04:21 PM #63
    Ghenghis Kahn
    Best Baller on SBR
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 19,735
    Betpoints: 2261

    Quote Originally Posted by ace7550 View Post
    How much ETH do you guys own? I only have a few hundred USD worth. Cheers to crypto!
    i just bought 13 coins and was gonna just let it sit there for couple years but i'm thinking about buying couple dozen more. just gonna see how it goes in the next couple weeks. i bought some silver when it was cheap, it's still cheap and safer but i think crypto currencies have a better upside.
    Reply With Quote Reply With Quote
  29. 04-30-16 07:00 PM #64
    ANGRYBLACK
    ANGRYBLACK's Avatar Become A Pro!
    Join Date: 03-16-10
    Posts: 1,148
    Betpoints: 259

    Quote Originally Posted by bigtymer56 View Post
    So for lets do an example, and tell me if this is sounds correct:

    Lets say I deposited 1 Bitcoin into a sportsbook when Bitcoin was valued at $450. A month later Bitcoin value jumps to $500. I decide to withdraw the original amount I deposited into the sportsbook at that time. Instead of getting back 1 Bitcoin, im going to get back .9 Bitcoin, correct?

    So in reality, while I technically didn't lose money because I got back my $450 of bitcoin, I did actually lose money because if I would have kept it as bitcoin the entire time I would've made an extra $50. Basically lost .1 bitcoin by having it locked up in a sportsbook for a month.

    It depends on the book you use. Try BTC only books. If you deposit $450 into NitrogenSports and it hits $500, Nitro sends you 1BTC. You exchange that 1BTC for $500. I only deposit BTC, it stays BTC in the book, and I withdraw BTC. I do this because I'm bullish on BTC until the halvening...
    Reply With Quote Reply With Quote
  30. 04-30-16 07:07 PM #65
    ANGRYBLACK
    ANGRYBLACK's Avatar Become A Pro!
    Join Date: 03-16-10
    Posts: 1,148
    Betpoints: 259

    Quote Originally Posted by Ghenghis Kahn View Post
    what i meant was why 21 million coins max. after that number no more bitcoin can be mined right?
    Why not? Would you rather it be able to be printed out of thin air like USDs? Having a max quantity leaves no max on value, as opposed to the dollar...
    Reply With Quote Reply With Quote
  31. 04-30-16 07:13 PM #66
    ANGRYBLACK
    ANGRYBLACK's Avatar Become A Pro!
    Join Date: 03-16-10
    Posts: 1,148
    Betpoints: 259

    Quote Originally Posted by raiders72001 View Post
    No idea what will happen with the price but the media buzz on ETH is crazy right now. Amount traded of top 4 crypto-currencies in the last 24 hours.

    1. BTC $64m
    2. ETH $31m
    3. LTC $2m
    4. XRP $340k


    Dunno WTF is going on or how little old ETH moved $31M. I have 100% faith in BTC. My only worry is losing $$$ by avoiding ETH all this time. Honestly, I see all cryptos as a joke except these two.
    Reply With Quote Reply With Quote
  32. 05-01-16 08:20 AM #67
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1901

    I need to get on this ETH train this coming week! Wow
    Reply With Quote Reply With Quote
  33. 05-01-16 08:00 PM #68
    UBNVS
    UBNVS's Avatar Become A Pro!
    Join Date: 01-21-14
    Posts: 285
    Betpoints: 5878

    What is the limit at coinbase for debit card deposit?
    Reply With Quote Reply With Quote
  34. 05-01-16 08:27 PM #69
    Courtesywipe
    Dead1977
    Courtesywipe's Avatar Become A Pro!
    Join Date: 09-02-11
    Posts: 1,622
    Betpoints: 346

    Quote Originally Posted by UBNVS View Post
    What is the limit at coinbase for debit card deposit?
    Mine is $300. Only $60 at Coinbase though
    Reply With Quote Reply With Quote
  35. 05-02-16 03:11 AM #70
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1901

    Quote Originally Posted by UBNVS View Post
    What is the limit at coinbase for debit card deposit?
    Limits easily increase as you hit certain milestones...
    Reply With Quote Reply With Quote
First 123 Last
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »