Anyone loading BTC into a sports book Right now is a fool

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  • bonzaii
    SBR Hall of Famer
    • 07-07-17
    • 5000

    #1
    Anyone loading BTC into a sports book Right now is a fool
    Look at the gains you would of had this year and how much it’s gone up the last two weeks. Just going to hold on next few years and put any money I would of had into sports into BTC instead.
  • Orbison
    SBR MVP
    • 09-07-20
    • 4691

    #2
    so you're just not gonna bet for 3 years then?
    Comment
    • bonzaii
      SBR Hall of Famer
      • 07-07-17
      • 5000

      #3
      Bet points only for me
      Comment
      • BeatTheJerk
        BARRELED IN @ SBR!
        • 08-19-07
        • 31794

        #4
        Originally posted by bonzaii
        Look at the gains you would of had this year and how much it’s gone up the last two weeks. Just going to hold on next few years and put any money I would of had into sports into BTC instead.
        That’s exactly what I’ve done over the last 6 weeks. Timing is everything in life . I feel so grateful to had make that decision ...
        Comment
        • big joe 1212
          SBR Posting Legend
          • 06-01-08
          • 19380

          #5
          So when it went from 20,000 down to 6,000 did you hold any coin then?

          I’m sure you didn’t because it sounds like you make a living buying and selling BTC
          Comment
          • maxell
            SBR Sharp
            • 06-09-14
            • 397

            #6
            If you deposited $1000 worth of Bitcoin into your account and did not make any plays for a couple of weeks. Bitcoin doubles, does your account double?
            Comment
            • Itsamazing777
              SBR Posting Legend
              • 11-14-12
              • 12602

              #7
              Originally posted by maxell
              If you deposited $1000 worth of Bitcoin into your account and did not make any plays for a couple of weeks. Bitcoin doubles, does your account double?
              No. But does the book know this. Sell your coin and replace it at the price you bought it? Yes.
              Comment
              • maxell
                SBR Sharp
                • 06-09-14
                • 397

                #8
                Originally posted by Itsamazing777
                No. But does the book know this. Sell your coin and replace it at the price you bought it? Yes.

                I thought that was the case. The books would be smart to sit on the coin. Chances are the players will go on tilt. They win both ways.
                Comment
                • Sam Odom
                  SBR Aristocracy
                  • 10-30-05
                  • 58063

                  #9
                  Originally posted by maxell


                  If you deposited $1000 worth of Bitcoin into your account and did not make any plays for a couple of weeks. Bitcoin doubles, does your account double?


                  YES

                  At Nitrogen Sports

                  But of course will decrease when BTC drops
                  Comment
                  • pavyracer
                    SBR Aristocracy
                    • 04-12-07
                    • 82839

                    #10
                    There is nothing good to bet on right now. Keep the bitcoin and let it grow.
                    Comment
                    • senseionline
                      SBR MVP
                      • 08-20-10
                      • 1819

                      #11
                      buy low an sell high holder never win due the volatility
                      Comment
                      • swordsandtequila
                        SBR Hall of Famer
                        • 02-23-12
                        • 9757

                        #12
                        Originally posted by maxell
                        If you deposited $1000 worth of Bitcoin into your account and did not make any plays for a couple of weeks. Bitcoin doubles, does your account double?
                        Originally posted by Itsamazing777
                        No. But does the book know this. Sell your coin and replace it at the price you bought it? Yes.
                        If it's a true bitcoin book (Nitrogen, Betcoin, etc.) then yes, your balance moves with btc price changes. Make money if it goes up, lose if it goes down.
                        Comment
                        • nyplayer33
                          Restricted User
                          • 09-27-06
                          • 8303

                          #13
                          No guarantee it goes up
                          Comment
                          • stake1
                            SBR Posting Legend
                            • 12-19-18
                            • 18116

                            #14
                            Btc is a wild ride and I love it
                            Comment
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