5Dimes Sportsbook updates policy on bitcoin withdrawals

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  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #71
    If BTC price fluctuations are worrisome then just use Books that will convert to cash... Heritage for example
    Comment
    • Optional
      Administrator
      • 06-10-10
      • 60904

      #72
      Originally posted by PharaohUB
      Fluctuations don't concern me. They aren't that large. I convert in and out of currency on a weekly basis. I don't hold enough funds to care. To me it's just another gamble, just one that I'm not paying vig on. If you are a person who strictly is looking to arbitrage then Bitcoin probably isn't for you.
      The main utility of the concept is for easy money transfer.

      Just because people don't want to speculate on it does not mean it is not for them.
      .
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      • laxdjock
        SBR MVP
        • 09-15-07
        • 4074

        #73
        I hope 5D's willingness to support BitCoin encourages others to do it.
        Comment
        • evo34
          SBR MVP
          • 11-09-08
          • 1032

          #74
          Originally posted by PharaohUB
          Fluctuations don't concern me. They aren't that large.
          Right...here are the not "that large" fluctuations from just the last two months:


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          • Just Blaze
            SBR High Roller
            • 02-21-11
            • 110

            #75
            Apparently 5D values a certain demographic (forgive the sweeping generalization but let's call it the US and other people who value anonymity over fiscal security) and it provides enough volume to outweigh some major negatives. Not a path for all books to follow.
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