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Only reason btc and eth have taken off is people need it to speculate into altcoins.
Btc would crash and burn if you could buy directly into everything with usd $.
Who wants to pay $30 fees on this shit coin.
Just big whales trying to protect it.
Btc is slow and fees are too high, basically is less for anything.
If you're moving over $1000 it is still good. Anything under say a few hundred not worth it at all.Originally Posted by k13
Though not sure where you get your $30 figure. $5-15 can still get your transaction confirmed in an hour or two.
many can exhale now and breath
14,300
today is Wall Street bonus day so we could see a nice upward spike
my bad, that is tomorrow I guess?
I love it when a book sends you out a PO in BTC... and mysteriously they happened to send it out at it's peak for the day.
I can't win.
I mean... really... what are the odds they'd send out a PO above 14k? FML
I keep hearing this across SBR... is there any credibility to this statement / assumption? I googled it and couldn’t find anything on Wall St bonuses. Which companies issued bonuses today? How much? Is the market reflecting that they’re majorly investing it in cryptos?
Bitcoin topped out
Massive govt regs coming so will hurt it
A) Govt regulations have already occurred and didn’t kill btc.
B) Govt reg now will probably only do more to legitimize bitcoin as an investment and store of value.
Drops $1,100 within 10 hours after you receive a PO. lol You can't make this sh#$ up.
Clearly was hoping to receive the PO on the downswing..... and then go upswing. Not upswing to downswing.
How can you win with this BS.
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What would be nice is to have books using a coin that had a 1-to-1 value with USD and didn't fluctuate.
Tether is that coin right now....but I'm not suggesting books should use Tether coin (its too sketchy).
The original utility of bitcoin seems to be non-existent as a method to QUICKLY transfer funds electronically with LOW FEES.
Segwit might improve transfer times. But back to the point. I'd rather have 1-to-1 USD, be able to count on its value, and be able to transfer the damn coin quickly.
And I'm NOT just saying this because BTC price is down. I've always just wanted an anonymous way to transfer the funds. Hopefully someone smarter than me can design a permanent solution.
There's nothing anonymous about any of these cryptos. All the exchanges ask for so much info and you have to deposit from somewhere.
The paper trail is endless.
"I've always just wanted an anonymous way to transfer the funds. Hopefully someone smarter than me can design a permanent solution."
Shot...let's get our heads clear + prepare to make $$ in 2018.Drops $1,100 within 10 hours after you receive a PO. lol You can't make this sh#$ up.
Clearly was hoping to receive the PO on the downswing..... and then go upswing. Not upswing to downswing.
How can you win with this BS.
You got it Chucky
You can make it all anonymous if you want. Open multiple accounts at exchanges and stay below verification limits.
10,000
is the all in or all out #
Shot, looks like my bravado was for nothing. Talk about Hubris. I'm getting fisted today.You got it Chucky
finger on trigger
Good Look SammySaving our SBR Brethren money for sure !
Nevermind
Last edited by mikejamm; 01-17-18 at 05:06 AM.
$9900 and quickly juiced back to $10100
The price is cratering today. Withing the last 24 hours it has been as high as $12,325 and it's now at $9,685.
Even though the price was $5,500 3 months ago, my concern is that books have been taking deposits for the NFL playoffs when the price was $14-20k and now might not be able to pay out post-Super Bowl if bitcoin keeps tanking.
The good books like heritage SHOULD be converting to a USD wallet as soon as taking deposits.. shittier books probably not... bitcoin books doesnt matter because the players are losing value while sitting in there
Anonymous fund transfers will never ever happen. The IRS will always know.
If they process payouts themselves they are still probably holding quite a bit of funds in bitcoin. It's not going to put a dent in the accounts of Heritage/Bookmaker type books but smaller ones if they were holding $500k in Bitcoin it may still be a sizeable hit to them.
The books dont convert to cash?
a pure btc book pays bitcoin for bitcoin
deposit 1 btc (worth $15,000 at time)
make 10 bets over 3 days
break even , balance is 1 btc
w/d 1 btc ... the book sends you the 'same' 1 btc you deposited altho it may have only a $9,500 value
I remember weeks back Nitrogen guys that did the survivor pools where looking at huge payouts due to spike in price...It goes both ways though this time its a lot harder to swallow and scarier.....If you have strong opinion which way its going and limited bank NADEX is a nice binary option marketplace that lets you wager in 50$ increments where you can either win or lose it...Or another nice option for small banks like myself is if u think its going back up placing A BTC future with BTC at exchanges like Fairlay or others that offer....then if it makes price you get the double bonus of payout at increased price..
For sure they do but I imagine they keep some Bitcoin on hand to process transactions for the day if they are handling deposits/payouts on their own.
I'm not even sure they really do...they may have a 3rd party processor that handles all the crypto for a fee..I am basing this on chats I have had with Heritage a few times regarding payout/deposit delays on RARE occasions as they are A+
Always assumed they used a 3rd party. Interesting.
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