Why are books taking Bitcoin now?

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  • Otters27
    BARRELED IN @ SBR!
    • 07-14-07
    • 30760

    #1
    Why are books taking Bitcoin now?
    Still seems like its unstable
  • swordsandtequila
    SBR Hall of Famer
    • 02-23-12
    • 9757

    #2
    Short and sweet: Easy to move money. Doesn't have to stay bitcoin once it hits your account.
    Comment
    • jtoler
      BARRELED IN @ SBR!
      • 12-17-13
      • 30967

      #3
      If sand had necessary value theyd take that too.
      Comment
      • Sam Odom
        SBR Aristocracy
        • 10-30-05
        • 58063

        #4
        Originally posted by Otters27

        Still seems like its unstable

        Aug 19th 2015 (date of OP) BTC = 267
        Comment
        • krk1030
          SBR Posting Legend
          • 08-13-08
          • 17610

          #5
          I assume they just convert it to usd right away. Simply a means to exchange funds.
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            no other way Otter
            Comment
            • Sam Odom
              SBR Aristocracy
              • 10-30-05
              • 58063

              #7
              best quote on SBR from around 2015 was from some dick who said "how can books take this it isnt real money"

              he is long gone probably using another NIC
              Comment
              • jayc88
                Restricted User
                • 12-30-07
                • 6785

                #8
                Sucks if you were sending bitcoins today
                Comment
                • Otters27
                  BARRELED IN @ SBR!
                  • 07-14-07
                  • 30760

                  #9
                  damn. should have known.
                  Comment
                  • bettilimbroke999
                    SBR Posting Legend
                    • 02-04-08
                    • 13254

                    #10
                    The only use for BC I can think of is seemingly untrackable money useful for various good things like gambling/drugs/weapons/whores/tax evasion of course the market for things like that is so huge a BC might be worth a million for all I know or maybe its worth 2 bucks penetrate if I know theres like 500 cryptocurrencies out there right now and how one is worth more than another idk just based on popularity I guess...but that's like theres a million whores out there but they are all different prices...just use a rubber and hope the crypto you pick doesn't give you AIDS
                    Comment
                    • Otters27
                      BARRELED IN @ SBR!
                      • 07-14-07
                      • 30760

                      #11
                      Originally posted by bettilimbroke999
                      The only use for BC I can think of is seemingly untrackable money useful for various good things like gambling/drugs/weapons/whores/tax evasion of course the market for things like that is so huge a BC might be worth a million for all I know or maybe its worth 2 bucks penetrate if I know theres like 500 cryptocurrencies out there right now and how one is worth more than another idk just based on popularity I guess...but that's like theres a million whores out there but they are all different prices...just use a rubber and hope the crypto you pick doesn't give you AIDS

                      lol
                      Comment
                      • Stallion
                        SBR MVP
                        • 03-21-10
                        • 3617

                        #12
                        Bitcoin isn't trading well lately, it wouldn't surprise me if books just stopped using it.
                        Comment
                        • GradyFuson
                          SBR High Roller
                          • 06-03-17
                          • 218

                          #13
                          Books will not stop using crypto. It's the best thing to happen to gambling since I've been in the business.
                          I just hope that books have been smart enough diversify their portfolios so they don't lose to much and can continue to pay.
                          On the bright side, books would have accumulated the majority of their btc at the beginning of football season, would have been a great time for anyone to buy and hold.
                          My guess is that books will take a hit, but will be fine.
                          Comment
                          • KVB
                            SBR Aristocracy
                            • 05-29-14
                            • 74817

                            #14
                            I agree. Regardless of the shifting value of a crypto, books will value the ease at which money moves.

                            As long as someone will deposit and lose it, the books will take it.

                            Comment
                            • Hman
                              SBR Posting Legend
                              • 11-04-17
                              • 21429

                              #15
                              Originally posted by jjgold
                              no other way Otter
                              Originally posted by GradyFuson
                              Books will not stop using crypto. It's the best thing to happen to gambling since I've been in the business.
                              I just hope that books have been smart enough diversify their portfolios so they don't lose to much and can continue to pay.
                              On the bright side, books would have accumulated the majority of their btc at the beginning of football season, would have been a great time for anyone to buy and hold.
                              My guess is that books will take a hit, but will be fine.
                              Originally posted by KVB
                              I agree. Regardless of the shifting value of a crypto, books will value the ease at which money moves.

                              As long as someone will deposit and lose it, the books will take it.




                              Agree with all above.

                              Bitcoin is the way to go.

                              But I do think if sports betting is legalized in the states, funding methods will slowly get easier again for offshore as methods are made available for players at legal books.
                              Comment
                              • The Kraken
                                BARRELED IN @ SBR!
                                • 12-25-11
                                • 28918

                                #16
                                I buy oxy from my guy with LTC

                                As soon as it hits his account, he puts 90% of it on a paypal debit card. The other 10% he leaves in as an investment.

                                I assume the books do the same.
                                Comment
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