crypto currency discussion

[shocka1212]

I bit the bullet and to my surprise money was in my book in 10 minutes. Costed $22 non priority

if there are books that start accepting LTC, watch their volume skyrocket...

[Crusherrr]

was at .028 a month ago....yall are impossible to please. staring at those charts daily will ruin your day... chill out. enjoy the show.. only going up from here...

Trust me. Many of us appreciate your thoughts and ideas. I know your not big on Ripple(at least not like I am) but your other buys have been total home runs.

[Snowball]

I find it humorous that people who watch BTC all day clamor
over these moves - but most of us here are only in bitcoin for
sports betting.. so it's like, oh, 40% drop, no big deal, I'll make
that back tonight.

[shadymcgrady]

Maybe not the ideal place to ask but perhaps mac4lyfe or some other posters well versed in the market can answer.

What are the general guidelines or patterns that occur when gold and gold mining companies stock rises? There's a general pattern and an inverse.

[reigle9]

I find it humorous that people who watch BTC all day clamor
over these moves - but most of us here are only in bitcoin for
sports betting.. so it's like, oh, 40% drop, no big deal, I'll make
that back tonight.

and then lose it all while everything rebounds and you're still broke

fukkin people coming out of the woodwork to past post shit talk should be insta-banned when it rebounds

[Brutus84]

Why does bitcoin cash say $0 on coinbase lol

[big joe 1212]

Oh, that's over my head.

Hopefully I'm not supposed to be using a middle man. Everything has been smooth so far.

You should be using one. Hopefully Gemini won’t shut you down. But hey, you’ve saved some $ in the meantime

[reigle9]

You should be using one. Hopefully Gemini won’t shut you down. But hey, you’ve saved some $ in the meantime

what?

i only sent once and it was over the summer, so i should be good that way

does it matter book to gemini? cause i did that a handful of times

[7deuceoff$uit]

Why does bitcoin cash say $0 on coinbase lol

Just saw this too.

[big joe 1212]

what?

i only sent once and it was over the summer, so i should be good that way

does it matter book to gemini? cause i did that a handful of times

From what I’ve read hear on SBR many posters have been banned at places like Coinbase because they transfer directly to books. These are US companies so they are covering their ass

[big joe 1212]

Just saw this too.

Temporary glitch. Back to normal now

[pinnerpsk]

From what I’ve read hear on SBR many posters have been banned at places like Coinbase because they transfer directly to books. These are US companies so they are covering their ass

Happened to me back in the day. Banned from Coinbase and Circle because I did exactly that.

[LT Profits]

if there are books that start accepting LTC, watch their volume skyrocket...

HERITAGE accepts LTC.

[mrpapageorgio]

if there are books that start accepting LTC, watch their volume skyrocket...

BetOnline and Bookmaker do off the top of my head (I wish they would advertise it on their pages as much as they do Bitcoin as a deposit/withdrawal method). Heritage "accepts" it, but charges a hefty conversion fee by the processor to convert it back to Bitcoin to complete the deposit. Bovada recently started taking Bitcoin Cash.

I do wonder though with these high miner fees will these books or other books start pushing other cryptos.

[TheMoneyShot]

BetOnline and Bookmaker do off the top of my head (I wish they would advertise it on their pages as much as they do Bitcoin as a deposit/withdrawal method). Heritage "accepts" it, but charges a hefty conversion fee by the processor to convert it back to Bitcoin to complete the deposit. Bovada recently started taking Bitcoin Cash.

I do wonder though with these high miner fees will these books or other books start pushing other cryptos.

I remember one poster talking about how he used a different coin other than Bitcoin... at Heritage... and the conversion price was like 30% fee not kidding. I don't know if Heritage fixed it or not???

[mrpapageorgio]

what?

i only sent once and it was over the summer, so i should be good that way

does it matter book to gemini? cause i did that a handful of times

The US exchanges like Coinbase and Gemini as a condition of the licenses have to follow financial rules such as not facilitating online gambling so they have frozen accounts of people that have directly sent/received Bitcoin from online books (I'm guessing they have certain addresses flagged that the books reuse for deposits/withdrawals). That's why people use a personal wallet such as Blockchain to act as a middle man to hide the trail or where the Bitcoin is truly going/coming from.

[mrpapageorgio]

I remember one poster talking about how he used a different coin other than Bitcoin... at Heritage... and the conversion price was like 30% fee not kidding. I don't know if Heritage fixed it or not???

Per their website:

An applicable fee of 0.0025 BTC is charged by our provider for all AltCoin transactions

[TheMoneyShot]

Per their website:

Good post. I remember him saying he deposited like $100.00 so that's right around 0.0025 BTC $32.71

Would you like to lose around $30.00? I'll stick with sending Bitcoin straight.

[ans61201]

I find it humorous that people who watch BTC all day clamor
over these moves - but most of us here are only in bitcoin for
sports betting.. so it's like, oh, 40% drop, no big deal, I'll make
that back tonight.

This very much affects sports betting.

1. Books likely invested to some degree in btc, likely affecting ability to pay some

2. Transactions extremely slow

3. Most importantly nothing like withdrawing 5k in btc and by time it hitting your account being worth 3800

[reigle9]

The US exchanges like Coinbase and Gemini as a condition of the licenses have to follow financial rules such as not facilitating online gambling so they have frozen accounts of people that have directly sent/received Bitcoin from online books (I'm guessing they have certain addresses flagged that the books reuse for deposits/withdrawals). That's why people use a personal wallet such as Blockchain to act as a middle man to hide the trail or where the Bitcoin is truly going/coming from.

how have i been getting away with this then? i had no idea i was playing with fire

i did the initial deposit over summer and have had 3-5 direct wd's from the book to gemini (book is 5d, idk if were not supposed to say that but whatever)

guess i'm asking if 5d knows what they're doing and it might now matter

[Degenregen]

Yeah and good luck having it confirm. I've now got $8,000 stuck that I paid 1300/satb or whatever which is above priority and 12 hours later no confirms. Also have 2 payouts sitting unconfirmed in my blockchain too.

Paid $25 for priority on the 18th, quoted time was less than an hour, still waiting after four days, what the hell did I pay for priority for?

[mrpapageorgio]

how have i been getting away with this then? i had no idea i was playing with fire

i did the initial deposit over summer and have had 3-5 direct wd's from the book to gemini (book is 5d, idk if were not supposed to say that but whatever)

guess i'm asking if 5d knows what they're doing and it might now matter

How the exchanges are figuring out where the Bitcoin is coming/going isn't 100% known, but a lot believe that the sloppy processors are reusing Bitcoin addresses and if an exchange eventually determines that those addresses are tied to gambling websites, they'll flag them. FWIW I also haven't seen people get their accounts frozen who have done it a couple times, but have if they've done it regularly. So either the addresses you're sending to/from haven't been flagged or you haven't done it enough from bad addresses to flag their system.

Either way, I know it sucks, but you might want to bite the bullet and start sending/receiving from an intermediary as a precaution and eat the miner fee when sending/receiving between the intermediary. If your book allows alt coins as a method of deposit such as ETH or Litecoin without an extra or high conversion fee, you might want to consider using that instead (good news is those two have miner fees less than $1 when sending).

Edit: Since you mentioned 5D, I'm assuming that's your main book. Unless they start allowing people to deposit using alt coins, you can either continue playing with fire or bite the bullet and use an intermediary wallet and pay the miner fees.

[Mac4Lyfe]

This very much affects sports betting.
1. Books likely invested to some degree in btc, likely affecting ability to pay some
2. Transactions extremely slow
3. Most importantly nothing like withdrawing 5k in btc and by time it hitting your account being worth 3800

Or how about withdrawing $5k in BTC and by the time it hits your account, it's worth $10k??? It goes both ways. Only you can decide when you want to withdraw or hold. The books don't care. If it's a big concern for you, there's other options. Heritage will mail you a check for free.

[reigle9]

thanks, appreciate it vegasgeorgio

[bonzaii]

America's Cardroom which has a Sportsbook offers options to withdraw using not just bitcoin, but bitcoin cash, ether, litecoin, Dash, Ripple, and some other currencies as well. Other books should do the same.

[reigle9]

America's Cardroom which has a Sportsbook offers options to withdraw using not just bitcoin, but bitcoin cash, ether, litecoin, Dash, Ripple, and some other currencies as well. Other books should do the same.

this is just a curious question trying to understand things

maybe not a question for you, but the dudes that really know this stuff

is there any reason why a book can't set itself up to take any currency or is it just a matter of effort and understanding?

[Mac4Lyfe]

Good post. I remember him saying he deposited like $100.00 so that's right around 0.0025 BTC $32.71Would you like to lose around $30.00? I'll stick with sending Bitcoin straight.

Anybody trying to deposit $100 where the fee is $30+ shouldn't be gambling in the first place. They're too dumb to manage their money. They can easily get a prepaid **** debit card ($5/5% fee in this case) or they can send a cashiers check or wire and get the entire fees reimbursed. A person to person ** transfer is cheaper as well but Heritage is trying to get away from this because it's too time consuming sending someone for pickup. Prepaid debit card is probably easiest and it can be reloaded as well.

[Mac4Lyfe]

this is just a curious question trying to understand things
maybe not a question for you, but the dudes that really know this stuff
is there any reason why a book can't set itself up to take any currency or is it just a matter of effort and understanding?

No reason whatsoever. They just need to better understand and create a process for them to not be holding the bag and reduce their risks.

[mrpapageorgio]

this is just a curious question trying to understand things

maybe not a question for you, but the dudes that really know this stuff

is there any reason why a book can't set itself up to take any currency or is it just a matter of effort and understanding?

For some, it's probably a matter of getting their 3rd party processor to accept alts or switching to one that will (I'm assuming the latter not being a simple undertaking).

At this rate if the Bitcoin miner fees keep going up, it might be cheaper to deposit using wire transfer if you're only depositing a few hundred at a time.

[eidolon]

Good time to buy Verge and Hempcoin

[reigle9]

thanks for the education guys, i'll decide what to do when the time comes (2nd race of the season)

all this shit could be outdated by mid Feb

[ace7550]

this is just a curious question trying to understand things

maybe not a question for you, but the dudes that really know this stuff

is there any reason why a book can't set itself up to take any currency or is it just a matter of effort and understanding?

Bookmaker accepts a ton of cryptos:




Always loved Bookmaker...

[bonzaii]

Most books probably don't offer other options because they are satisified with the options they are offering and don't want to have to do more work/take on more risk by offering other options. There also isn't enough demand to make it worthwhile for them.

Edit: Looks like Bookmaker/ACR offer the exact same options. THey also use the exact same software.

[dlowilly]

I would rather wait to see what happens with the Asian markets tonight than buy anything now.

[mrpapageorgio]

Good time to buy Verge and Hempcoin

I'm assuming you mean THC?