How many of y'all hold BT-C for gambling deposits? 50% loss. Sorry.

RudyRuetigger · 03-13-20, 03:42 PM

no one will admit to that

but those did still say they kept money in bitcoin while it was going up

how about some sportsbooks that ADMITTED to keep money in bitcoin and i warned against it a year ago

we will see the true players in sportsbooks within 3 months

ace7550 · 03-13-20, 03:47 PM

I keep all my gambling money in BTC. Been doing it for as long as the books have accepted BTC. Yesterday was brutal for sure. But there have been some great days too. Trying to stay positive.

habitualwinning · 03-13-20, 03:48 PM

Saloon this shit. Only squares like drunk Rudy take big hits on deposits.

habitualwinning · 03-13-20, 03:48 PM

Originally posted by RudyRuetigger

no one will admit to that

but those did still say they kept money in bitcoin while it was going up

how about some sportsbooks that ADMITTED to keep money in bitcoin and i warned against it a year ago

we will see the true players in sportsbooks within 3 months

Saloon.

pavyracer · 03-13-20, 03:52 PM

I actually deposited to my book last night with BTC. When the BTC goes up I will withdraw.

pimike · 03-13-20, 04:00 PM

It dropped close to 50%

But rebounded some today from yesterday

I lost some but it will change daily. No panic here.

Sticks just went up

pimike · 03-13-20, 04:01 PM

Originally posted by pavyracer

I actually deposited to my book last night with BTC. When the BTC goes up I will withdraw.

Not before you bet it!

That will be a month or longer if the book allows a payout and doesn’t fold

cjwatsonfan32 · 03-13-20, 04:03 PM

It didn’t drop from 10 k to 5k in 24 hours. It was slowly dropping weeks before and then fell sharply. You were being warned long enough to not have been affected, if you’re not a dumbass. But this post is highly inaccurate

GzaTheGenius · 03-13-20, 04:06 PM

Had about 500 and change in one.. just gonna leave it in and hope it comes back..

Nothing to bet on right now anyway

pimike · 03-13-20, 04:08 PM

Originally posted by GzaTheGenius

Had about 500 and change in one.. just gonna leave it in and hope it comes back..

Nothing to bet on right now anyway

Exactly

Relax

jjgold · 03-13-20, 04:08 PM

pimike · 03-13-20, 04:10 PM

Originally posted by jjgold

Which part was funny?

Lol

ace7550 · 03-13-20, 04:17 PM

Originally posted by pimike

It dropped close to 50%

But rebounded some today from yesterday

I lost some but it will change daily. No panic here.

Sticks just went up

Exactly. I like your style sir. Nothing will harden your nerves like holding BTC haha!

Foxx · 03-13-20, 04:19 PM

Hope you're the first one to go Joe.

funnyb25 · 03-13-20, 04:21 PM

Originally posted by Foxx

Hope you're the first one to go Joe.

Joe thinks betpoints in wallet is bitcoin. Don't mind him.

phinfan27615 · 03-13-20, 04:21 PM

I just buy it then instantly deposit, minimal risk

ace7550 · 03-13-20, 04:29 PM

Originally posted by phinfan27615

I just buy it then instantly deposit, minimal risk

Why are sports bettors so risk averse when it comes to bitcoin and not risk averse at all when it comes to betting on sports?

pimike · 03-13-20, 04:37 PM

Originally posted by ace7550

Why are sports bettors so risk averse when it comes to bitcoin and not risk averse at all when it comes to betting on sports?

Correct!

I honestly trust bitcoin more than some of the books I had money in.

JoeCool20 · 03-13-20, 04:40 PM

Originally posted by cjwatsonfan32

It didn’t drop from 10 k to 5k in 24 hours. It was slowly dropping weeks before and then fell sharply. You were being warned long enough to not have been affected, if you’re not a dumbass. But this post is highly inaccurate

LOL What a thing to "take out" of this thread! Great job Sherlock. For your next act, why not go look at (& report to us)

exactly how much it did drop when it "fell sharply." And also tell us exactly how many hours it took to fall that "sharply."

LOL Or maybe just look at all the replies besides yours, and then forget about how "highly inaccurate" the post about the

50% drop was, and answer the question. Do you hold BT-C for gambling or not? If so, sorry about the 50% losses!

ace7550 · 03-13-20, 04:43 PM

Originally posted by pimike

Correct!

I honestly trust bitcoin more than some of the books I had money in.

I was contemplating that this morning. Would I rather have dollars in a sportsbook right now or BTC after it just dropped 40%? Not sure.
I have both anyways.

ace7550 · 03-13-20, 04:45 PM

Thanks for the thread Joe. BTC will come back up. And sports will be back soon enough too.
The hysteria wont last forever.

Bsims · 03-13-20, 05:00 PM

Originally posted by pavyracer

I actually deposited to my book last night with BTC. When the BTC goes up I will withdraw.

You are doing this backwards. You want to deposit when BTC price is high and withdraw when it is low. For example, if you deposit $1,000 when BTC is $10,000 you will use 0.1 BTC. Then if the price drops to $5,000 you would get back 0.2 BTC for a $1,000 withdrawal.

pimike · 03-13-20, 05:03 PM

Originally posted by ace7550

I was contemplating that this morning. Would I rather have dollars in a sportsbook right now or BTC after it just dropped 40%? Not sure.
I have both anyways.

This extends you will need to or will be wishing you did.

Don’t wait to long. There will be a freeze on payouts here in a week or two.

Art Vandelay · 03-13-20, 05:07 PM

Originally posted by Bsims

You are doing this backwards. You want to deposit when BTC price is high and withdraw when it is low. For example, if you deposit $1,000 when BTC is $10,000 you will use 0.1 BTC. Then if the price drops to $5,000 you would get back 0.2 BTC for a $1,000 withdrawal.

Exactly. And now would be a great time to buy BC thru the SBR store!

Mac4Lyfe · 03-13-20, 05:07 PM

Originally posted by JoeCool20

Dropped from over $10 G to $5 G. 50% loss in a matter of hours. Sorry fellas. Very tough. Ouch.

I’m still hodling BTC from when it was $5.

pimike · 03-13-20, 05:09 PM

Originally posted by Art Vandelay

Exactly. And now would be a great time to buy BC thru the SBR store!

Figuring it will go up yes.

pavyracer · 03-13-20, 05:13 PM

Originally posted by Bsims

You are doing this backwards. You want to deposit when BTC price is high and withdraw when it is low. For example, if you deposit $1,000 when BTC is $10,000 you will use 0.1 BTC. Then if the price drops to $5,000 you would get back 0.2 BTC for a $1,000 withdrawal.

Good point. I will wait until BTC drops down to $2,000 to withdraw.

JoeCool20 · 03-13-20, 05:25 PM

Originally posted by ace7550

Thanks for the thread Joe. BTC will come back up. And sports will be back soon enough too.
The hysteria wont last forever.

Welcome pal. 50% drop is harsh as hell for people who hold BT-C. I've lost more in the Stock market lately

than was enough to buy a few houses with, but it wasn't no damn 50%! And not in a matter of hours! UGH!

JoeCool20 · 03-13-20, 05:29 PM

Originally posted by Art Vandelay

Exactly. And now would be a great time to buy BC thru the SBR store!

YES! And for the first time EVER in my time here, my BT-C order was not filled by SBR within a couple of days!

So I did not suffer the 50% BT-C losses, because my order is still pending! Whew! My fitty dollas is

still fitty dollas instead of 25 dollas!

pimike · 03-13-20, 05:36 PM

Originally posted by JoeCool20

YES! And for the first time EVER in my time here, my BT-C order was not filled by SBR within a couple of days!

So I did not suffer the 50% BT-C losses, because my order is still pending! Whew! My fitty dollas is

still fitty dollas instead of 25 dollas!

Lol

It already went back up from where it was down 50% and it’s not down 50% any more more

Hushie · 03-13-20, 05:41 PM

Fake news

pimike · 03-13-20, 05:43 PM

Originally posted by Hushie

If you're gonna troll people, at least get your shit correct. Bitcoin hasn't been over 10k since the beginning of the year and it's only down 3.6% today. You should work at CNN with your fake news.

Exactly

Snowball · 03-13-20, 05:55 PM

50% loss for gamblers ain't much

pimike · 03-13-20, 05:57 PM

Originally posted by Snowball

50% loss for gamblers ain't much

Better than all.

Lol