BTC Transferring Advice.

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  • Doug tushyterror
    SBR MVP
    • 07-03-12
    • 4172

    #1
    BTC Transferring Advice.
    After the 7 day hold its already down $1700. Should I just transfer it now into BM & cut my losses or wait till it hopefully goes back up to over 50K?
  • pablo222
    SBR Hall of Famer
    • 01-03-19
    • 8858

    #2
    It should be back over 50 soon. Some volatility right now.
    Has been below above and back below 50 several times this week
    Comment
    • SamsNCharge99
      SBR Aristocracy
      • 10-22-08
      • 41242

      #3
      Dammit
      Comment
      • Hman
        SBR Posting Legend
        • 11-04-17
        • 21429

        #4
        Coinbase has screwed me many times like this
        Comment
        • Doug tushyterror
          SBR MVP
          • 07-03-12
          • 4172

          #5
          Originally posted by SamsNCharge99
          Dammit
          Exactly Sam..these 7 day holds make no sense.( Money was debited out of my checking account within 2 days).. Losing $1700 on my own is one thing but to be at the mercy of random BTC volatility is total bullshit
          Comment
          • SamsNCharge99
            SBR Aristocracy
            • 10-22-08
            • 41242

            #6
            On the flip side if you profited it would have been awesome
            Comment
            • Sam Odom
              SBR Aristocracy
              • 10-30-05
              • 58063

              #7
              BTC for gambling = Gamble Gamble
              Comment
              • Doug tushyterror
                SBR MVP
                • 07-03-12
                • 4172

                #8
                Originally posted by SamsNCharge99
                On the flip side if you profited it would have been awesome
                Yeah but I knew I wasn't, considering I bought it when it was over 55K..market correction was bound to hit. I want to go big on Diego the next 3 matches or at least until he makes the Final. He's gonna be super motivated to finally win a title in his country against a weak field.
                Comment
                • Doug tushyterror
                  SBR MVP
                  • 07-03-12
                  • 4172

                  #9
                  Fukk it couldn't wait.. I know I'm gonna regret this once it gets back to 55K within a week. Gonna go out of my way not to check the price in the near future to prevent sender's remorse.
                  Comment
                  • BeatTheJerk
                    BARRELED IN @ SBR!
                    • 08-19-07
                    • 31794

                    #10
                    Originally posted by Doug tushyterror
                    After the 7 day hold its already down $1700. Should I just transfer it now into BM & cut my losses or wait till it hopefully goes back up to over 50K?
                    What exchange or method do you use ? There’s no option to keep it in USD while the deposit clears ?
                    Comment
                    • Sam Odom
                      SBR Aristocracy
                      • 10-30-05
                      • 58063

                      #11
                      Doug... you have to Trust YOUR gut feeling -- It is your $$$

                      BTC might be 35K tomorrow... who knows
                      Comment
                      • Doug tushyterror
                        SBR MVP
                        • 07-03-12
                        • 4172

                        #12
                        Originally posted by BeatTheJerk
                        What exchange or method do you use ? There’s no option to keep it in USD while the deposit clears ?
                        Coinbase..I can't do anything but transfer any type of gains (transferred apx. $900 in gains the 1st few days) until the 7 day hold.
                        Comment
                        • Doug tushyterror
                          SBR MVP
                          • 07-03-12
                          • 4172

                          #13
                          Originally posted by Sam Odom
                          Doug... you have to Trust YOUR gut feeling -- It is your $$$

                          BTC might be 35K tomorrow... who knows
                          My thoughts exactly..if I don't have enough faith to build up my BR higher than any types of BTC gains, might as well quit gambling & leave it all in Coinbase.
                          Comment
                          • SamsNCharge99
                            SBR Aristocracy
                            • 10-22-08
                            • 41242

                            #14
                            Had swartzman today. Easy
                            Comment
                            • Doug tushyterror
                              SBR MVP
                              • 07-03-12
                              • 4172

                              #15
                              Originally posted by SamsNCharge99
                              Had swartzman today. Easy
                              Solid bet.. No reason not to take him the rest of the week. Had $16 left in my account after redeeming my bet points. Hit an easy 3TP then for some dumb reason parlayed Kecm. instead of RBA with Diego.

                              Comment
                              • pologq
                                SBR Posting Legend
                                • 10-07-12
                                • 19899

                                #16
                                doug making big moves again. i like it.

                                Comment
                                • Roger T. Bannon
                                  SBR Hall of Famer
                                  • 06-28-18
                                  • 5139

                                  #17
                                  You wait for the 7-day hold to be through and then you buy and send.
                                  Comment
                                  • MalikHusam
                                    SBR MVP
                                    • 09-07-16
                                    • 2688

                                    #18
                                    It will go over 50k. It will go over 100k. It will go over 500k eventually.

                                    But you shouldn't try to time the market. Just avoid sportsbook that freeroll on you exchange rate to USD. If you get better price, you'll probably lose some when cashing out as they wait you out.

                                    If you can get a better price at a bitcoin balance book, that's your best bet obviously.
                                    Comment
                                    • Roger T. Bannon
                                      SBR Hall of Famer
                                      • 06-28-18
                                      • 5139

                                      #19
                                      Originally posted by MalikHusam
                                      It will go over 50k. It will go over 100k. It will go over 500k eventually.

                                      But you shouldn't try to time the market. Just avoid sportsbook that freeroll on you exchange rate to USD. If you get better price, you'll probably lose some when cashing out as they wait you out.

                                      If you can get a better price at a bitcoin balance book, that's your best bet obviously.
                                      Why bother to bet on sports?
                                      Comment
                                      • himjain2
                                        SBR Rookie
                                        • 08-21-18
                                        • 32

                                        #20
                                        2 things that might be useful:

                                        1. You can request Bookmaker.eu for the exchange fees.. They can give back upto 15% of the deposit that has been spent in exchange fees. I know this is due to price fluctuation and not exchange fees, but no harm in trying.
                                        2. Always do wire deposits to Coinbase, which is credited the same day and coins are available for withdrawal immediately. It will cost you 25-30$ max but much better than this hold time.
                                        Comment
                                        • leovegas
                                          SBR MVP
                                          • 09-03-17
                                          • 2542

                                          #21
                                          Originally posted by MalikHusam
                                          It will go over 50k. It will go over 100k. It will go over 500k eventually.

                                          But you shouldn't try to time the market. Just avoid sportsbook that freeroll on you exchange rate to USD. If you get better price, you'll probably lose some when cashing out as they wait you out.

                                          If you can get a better price at a bitcoin balance book, that's your best bet obviously.
                                          Better price meaning exchange price? I'm not following the argument, let alone the 500k prognostication lol
                                          Comment
                                          • themike78
                                            SBR MVP
                                            • 07-01-13
                                            • 4873

                                            #22
                                            Originally posted by MalikHusam
                                            It will go over 50k. It will go over 100k. It will go over 500k eventually.

                                            But you shouldn't try to time the market. Just avoid sportsbook that freeroll on you exchange rate to USD. If you get better price, you'll probably lose some when cashing out as they wait you out.

                                            If you can get a better price at a bitcoin balance book, that's your best bet obviously.
                                            So bitcoin is going to be worth half a million dollars lol ok. Is this going to be in weeks or months. Please let me know.
                                            Comment
                                            • ThaTopMoron
                                              BARRELED IN @ SBR!
                                              • 04-30-10
                                              • 27020

                                              #23
                                              Originally posted by themike78
                                              So bitcoin is going to be worth half a million dollars lol ok. Is this going to be in weeks or months. Please let me know.
                                              he said eventually pal

                                              how are the people in the past who said it would never get back to 20k... 50k would never happen, etc??? feeling now?
                                              Comment
                                              • unde0087
                                                BARRELED IN @ SBR!
                                                • 03-27-08
                                                • 28958

                                                #24
                                                Originally posted by Hman
                                                Coinbase has screwed me many times like this
                                                that is why you use cashapp, cut the middle guy and stop losing money on this dumb shit.
                                                Comment
                                                • leovegas
                                                  SBR MVP
                                                  • 09-03-17
                                                  • 2542

                                                  #25
                                                  Originally posted by ThaTopMoron
                                                  he said eventually pal

                                                  how are the people in the past who said it would never get back to 20k... 50k would never happen, etc??? feeling now?
                                                  But without a defined timeframe anything is possible. Sun will go down and not come up one day, and the civilization will end.

                                                  This is a gambling forum so general statements without defined circumstances/conditions that make a bet/prediction a winner or a loser, look out of place to me personally.
                                                  Comment
                                                  • gauchojake
                                                    BARRELED IN @ SBR!
                                                    • 09-17-10
                                                    • 34116

                                                    #26
                                                    Originally posted by Roger T. Bannon
                                                    Why bother to bet on sports?
                                                    If I just saved all of the BTC I ever sent to a book I would be retired. It's humbling - I gave a lot of people a lot of shit about bitcoin. Oh well I am rich in spirit.
                                                    Comment
                                                    • leovegas
                                                      SBR MVP
                                                      • 09-03-17
                                                      • 2542

                                                      #27
                                                      Originally posted by gauchojake
                                                      If I just saved all of the BTC I ever sent to a book I would be retired. It's humbling - I gave a lot of people a lot of shit about bitcoin. Oh well I am rich in spirit.
                                                      Was most of it sent to books like 5dimes (btc converts to fiat currency and you gain nothing from bitcoin rate increases) or cloudbet (btc stays in btc balance so you have more fiat currency equivalent if you hold money and win in that book)?
                                                      Comment
                                                      • pablo222
                                                        SBR Hall of Famer
                                                        • 01-03-19
                                                        • 8858

                                                        #28
                                                        Originally posted by ThaTopMoron
                                                        he said eventually pal

                                                        how are the people in the past who said it would never get back to 20k... 50k would never happen, etc??? feeling now?
                                                        He has been saying it will be worth ZERO for years, but he is more optimistic lately.
                                                        He is now saying it will be worth $250.00.
                                                        Comment
                                                        • RedApples
                                                          SBR Wise Guy
                                                          • 10-02-18
                                                          • 721

                                                          #29
                                                          Originally posted by Sam Odom
                                                          Doug... you have to Trust YOUR gut feeling -- It is your $$$

                                                          BTC might be 35K tomorrow... who knows
                                                          Apparently he does. Every time he goes one way OF COURSE ITS GOING TO GO THE OTHER WAY! I just knew it!
                                                          Comment
                                                          • pologq
                                                            SBR Posting Legend
                                                            • 10-07-12
                                                            • 19899

                                                            #30
                                                            Originally posted by gauchojake
                                                            If I just saved all of the BTC I ever sent to a book I would be retired. It's humbling - I gave a lot of people a lot of shit about bitcoin. Oh well I am rich in spirit.
                                                            same here. i used to laugh about it. i also laughed about computers in the very early 90s. my track record obviously is not that good lol.
                                                            Comment
                                                            • Roger T. Bannon
                                                              SBR Hall of Famer
                                                              • 06-28-18
                                                              • 5139

                                                              #31
                                                              Originally posted by gauchojake
                                                              If I just saved all of the BTC I ever sent to a book I would be retired. It's humbling - I gave a lot of people a lot of shit about bitcoin. Oh well I am rich in spirit.
                                                              He who laughs last, laughs best.
                                                              Comment
                                                              • gauchojake
                                                                BARRELED IN @ SBR!
                                                                • 09-17-10
                                                                • 34116

                                                                #32
                                                                Originally posted by leovegas
                                                                Was most of it sent to books like 5dimes (btc converts to fiat currency and you gain nothing from bitcoin rate increases) or cloudbet (btc stays in btc balance so you have more fiat currency equivalent if you hold money and win in that book)?
                                                                some to btc books, most to fiat
                                                                Comment
                                                                • BuckyOne
                                                                  SBR MVP
                                                                  • 01-02-15
                                                                  • 2728

                                                                  #33
                                                                  Coin Base is the worst wallet of all time! Get rid of them and use an exchange where you can convert to USD or deposit in USD. Absolutely no reason to take a loss like this on fluctuations!
                                                                  Comment
                                                                  • funnyb25
                                                                    BARRELED IN @ SBR!
                                                                    • 07-09-09
                                                                    • 39663

                                                                    #34
                                                                    I am banned from Coinbase and Gemini, and Electrum is worthless. Lock
                                                                    Comment
                                                                    • BuckyOne
                                                                      SBR MVP
                                                                      • 01-02-15
                                                                      • 2728

                                                                      #35
                                                                      Do the extra work to get Kraken!
                                                                      Comment
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