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I guess I cannot relate with the large majority of this forum I have been using a two bitbooks for all my action the past year. I have never had one problem with none payment or slow play or ANYTHING. I have had problems with every large offshore book threw the years they have some of the worst business practices I have ever seen. The beauty about using a bitcoin sportsbook is I can have my money out of the book in seconds within a big score and the book cannot out their hands on it. Nice and safe in a secure wallet then onto my bank account in 2 business days. Maybe people will come around more when they realize seeing a account balance on Dimes say $1000 does not mean you have $1000 real money lol it just means they will more than likely give it too you I would raither see a 2 BTC balance.
Look at the price of accepting bitcoins compared to cash, look at all the fees all the shill garbage that has to be set-up all the money laundering. I mean long term in the scale of the current market I would lay 3:2 that money is safer than a standard offshore A+ all day long in quality BTC book. There is a lot of BTC that is getting put out and look how many complaints? And trust me the market does not like them and what few from the upcomers. Now look the complaints from your $ balance offshore's 100 to 1. And btw Virwox is not the way to go when buying coin to much surcharge. But don't say you are risking your paypal because you are not that is a uneducated lie you are buying SLL on Virwox then turning them into coin so there is no risk of a ********** so it doe not scare paypal.Comment -
Oh there is so much more than i care to explain. Im not even talking about what u say. It's upto u to find out what works for you and your life, I know for me I have found so many things for me to do with Bitcoins that just work so great for me. Trust me when i say there is something for everyone.Comment -
I can't type ch a back...hahaha so standard but that is another reason to hope on the BTC train I guess I mean naysayers do a little research it would seem that this currency was invented to get around the money problem of books with the legal status of the market.Comment -
While I am not constrained with betting options, I am definitely open to new ones if the could improve my profits. Just not hearing a solid argument as to why bitcoin would do this for a non US gambler with good non bitcoin access?
I am sober and refrain for all illegal activit, but once you leave the states and visit the Third World, I imagine even the drug deals at silkroad would be laughably overpriced.Comment -
Just seems nebulous to say it can improve our lives and operations without at least insinuating what areas bitcoin can assist our lives/$. And if you are linking the transfers to bank accounts, there is total transparency. Don't assume our lives are different, pm me one hint as to how biotin can improve our lives or profits?Comment -
I am surprised bitbooks have not exploded and nearly taken over the market with the legal status of sportsbook's in the US. I tried to convert a friend of mine who bets sports and he told me "I like to see that I actually have money" and I told him I actually like to get my money. But I guess that is what is a big turnoff for people media perception and not understanding the simplicity of the currency it is not difficult at all after the spend few days fiddling around.Comment -
Your a bigtime baller. Why do i need to go into every detail, u already know what u can do with them and im also telling u there is a whole bunch more stuff other than what u already know about. I have been here long enough and posted in so many threads about so many books that i have used, if i say how many i would be bragging and thats not the point. Out of all the book i have posted good things about 2 books went down, betislands and betrevolution, bet rev i posted about for a few years for people to not lose out with the 100% bonuses they offered if u lost out u are a nothing in my eyes, even with betislands they offered so many bonuses it should have been a right off. I lost out with dimeline but i never posted good things about them.
Im on your side and am a player who is willing to do this stuff. But to be questioned so much about this is just demeaning to me, please guys just go and look around for information u will know what is good and what is a scam with bitcoin, your talking about a full community of great people who are willing to go out of there way for this cause. I would say from experience probably about 1 out of 100 people or deals could be a scam. Just thing of things that u would like to do and go try and find a way to do them with bitcoins, u would be surprised how much u can get done, i see something every day that i could use.Comment -
Let me also clarify i'm no scammer or am interested in doing illegal stuff, just to get that out of the way.Comment -
I'm not asking for "every detail". Just one example of something which I can do better using a Bitcoin to purchase rather than regular currency.
I'm not the least bit interested in hearing about scam bookies. That's all irrelevant to what I am asking about. I never played at any of those you mentioned. I choose very carefully who I deal with and have never lost a cent due to a failed bookmaker.
I'm not into drugs, weapons or anything illegal where I live. I can access the best bookmakers in the world using regular currency. Do they accept bitcoin? I really don't know and unless betting there with bitcoins gives me a better deal, which would surprise me immensely, what's the point?
The bottom line is that unless you are wanting to do something which is illegal or made extremely difficult where you are living there is just no sense in getting involved with bitcoins, unless you are into speculating, which I'm not.Last edited by Hareeba!; 02-25-14, 02:34 AM.Comment -
But when you link them back to banks all privacy goes out the window. I assume you can spend them anonymously on lots of nice stuff, which is a benefit. But not sure the risks outweigh this one benefit.
Perhaps my aging mind is not creative enough to realize the possibilities? I am going to have experiment and learn a little about it, but don't really want to be invested in the currency exchange market (Bitcoins still seem highly volatile) as well as the sports/poker markets.Comment -
How do you think sites such as SR were able to trade for such a long time (inner divisions within the company eventually ruined that for users)??
There are a myriad of other sites like this out there that sell legal (and non legal) products to the marketplace, most with the condition of anonymity (using TOR and other means to maintain anonymity)...
Once you know the 'how' then btc uses are only limited to your imagination...Comment -
U guys don't understand how hard it is to give u the answers your looking for unless u do some research on this for yourselves, its just to hard. Imagine that u could do just about anything and wanting me to go into full details on the broad subject. Forget about the market, that time was a few years ago but i do have to say now is a great buying opportunity as the market is down do to crap, i'm waiting for more drops to try and make some $ as we speak.Comment -
Wadder the btc market is one largely (note NOT completely) built on trust (just as in real world transacting). One doesnt have to do a btc transaction via their bank (although it is almost the quickest and easiest way of transacting)...
Sites like localbitcoins have plenty of ppl willing to meet or trade coins in a covert manner...Comment -
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Thanks, was kind of putting it together in my last post, but can clearly see some usefulness. The volatility is still an issue though, without a stable currency valuation seems like a lot of risk exposure in something I know little about, although I suspect BTC will be a wise long term investment.Comment -
Your right I can't answer it only u can, I can answer it for me, personally I have found at least 10 solid ways for me to make $ through bitcoin while having my $ into it. But u see what I do won't work for others and what others want to do might not work for me. The only thing u and I have in commen is betting on sports.Comment -
It might go lower just for the time being but people already knew about this and remember just because the money is not in an actual bitcoin it's either still in crypto or sitting in fiat waiting for this stuff to blow over, so u need to account for all this. Yes it will scare some investors but those greedy fuks that try to screw people look at it as $ time, damn crooks that they are.Comment -
You can have control of your own money. Right now a bank, which is regulated by the government controls what you can and can't spend your own money on, where you can spend your money and can seize it at any time. How many times has the government frozen account of payment processors for online gambling companies and customers get bad checks and long waits? If I go to NJ I can gamble online but not if I'm 10 miles over the boarder...F politicians and control freaks controlling my money, or your money. I guess if you work for a bank you'd want to see bitcoin die, but if you like the idea of personal freedom and actually owning your money you would like to see Bitcoin or something like it suceed taking governments and all third party banks out of the equation.
And if you're a gold bug and think the fed printing dollars or the federal deficit is going to lead to hyper inflation then keeping dollars isn't an option. I fall more into the libertarian freedom side but see the attraction the gold bugs have to something that can't just be printed overnight by the central bank.
As far as an "investment" it's more of a gamble...but since you already gamble what's the difference between bitcoin and a garbage time buzzer beater covering the spread or the stock market for that matter?
I think Achoochy is probably right and it has more to drop, $300-350 sounds right but who the hell knows could be twice that or half that. If you do invest make sure you understand more about it and you're willing to lose because at the end of the day it's only worth what somebody else is willing to pay for it.Comment -
Good grief!
Is that really the way Americans think?
I DO have control over my own money.
NEVER has a government or bank controlled that!
Wow! I'm even more fortunate than i imagined to be living in the free world. Although we do have to put up with a few minor absurd limitations it's nothing like what you're talking about.
And by the way, I don't "gamble".Comment -
It would be a Balsley gamble In bitcoins but the rewards can be massive
The only good thing I do see some Forex brokers and Europe starting to trade it. Many of these have licenses to
Doing it that way for the time being is legitComment -
Laying low from this stuff doesn't seem like a bad idea for the time being:
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Like I said you want to trade bit coin do not do it through a bit coin exchange you will get screwed
Do it through a licensed CFD or forex broker if you're from the non-USA as you're not actually buying the bit coin but just trading price movementComment -
...........Another bitcoin book has taken the money and ran. StakeBTC.com is now off line, owing thousands of dollars to its clients.
StakeBTC first made itself known just last month with an initial post on Bitcointalk.org. They promised instant deposits and withdrawals, top-notch customer service and live chat with its represenatives.
They also gave a 25% bonus on a bettor's initial deposit, requiring a three times rollover before withdrawal. That was just the beginning, however. They soon offered juice free wagering; each winning bet received an additional 10% bonus. Another bonus offer rewarded a bettor .5 BTC for winning three straight bets, with the minimum wager being .1 BTC.
More "free money" began to be handed out. StakeBTC's next bonus offer was a gift to gamblers, a clear red flag: 100% bonus requiring just 3x rollover. That brought in a nice chunk of money. So they next offered the same 100% bonus with just a 2x rollover. Still in effect was the juice free wagering with winning bets receiving a 10% bonus. The ponzi scheme, paying off early investors with new money, was well under way.
The first sign of trouble occurred on Thursday. A long-time forum poster, known to many as Doc Dekay xxxxxxxxxxxxxxxxxxxxxxxxxx reported on Bitcointalk.org that a Wednesday payout request still hadn't been processed. He then stated StakeBTC was taking a shot at him:
Quote:
"-Last night at 12:53 am Eastern I made a withdrawal request for 15 btc
-This morning my request had yet to be fulfilled.
-Since live chat was down i asked at 932 am est what the status was in this thread.
- at 1014 am est a reply on here said my account was entirely pending.
- these bets were made at 1012 and 1015 est.
- the three bets were on cbb moneylines. I have never once bet cbb MLs and have never bet this much. All my bets range from 500 credits to 2500 credits. i give this book a lot of action and have never once bet more than that (500 credits = 1btc).
StakeBTC stated that Doc had made 40 BTC worth of bets that morning, and that the withdrawal request had come in after those bets were made, not the previous night. This was shown to be a lie when Doc Decay produced an email from him to StakeBTC requesting the payout from the previous night, made right after the withdraw request was filed online.
And that was the last we heard from StakeBTC. The site is now offline. Emails are bouncing. Reports of other thefts are starting to trickle in as well.
"Most bitcoin sportsbooks have no history," says Adam Hart, known as Raiders at PeepsPlace.com. "The anonomyity that makes bitcoins popular also allows bitcoin sportsbooks to be anonymous as well."
Hart is in the process of rating these new books specializing in bitcoins. "The benchmarks are different from regular post-up sportsbooks," says Hart. "Payout speed is the key determination. With post-up books, it might be a week before a bettor has his check in hand. A good bitcoin sportsbook will pay out in hours.""
They will also be unknown to all. "We know who runs Bookmaker. We know who runs 5 Dimes. But we don't know who runs BitBook."
That's not entirely a bad thing, as anyone familiar with The Greek and Legends sportsbooks know. It does, however, increase a bettor's risk. "There's going to be a lot more StakeBTC's crawling out of the muck," says Hart. "That's the nature of the business. The key is to shine a little light on these guys before anyone gets burned."Comment -
It's extremely risky
400 million theft with Bitcoin exchange recently
Go google itComment
