Bitcoin sportsbook Nitrogen Sports reviewed

[Optional]

Is there any reliable bitcoin sportsbook converting BTC into USD?

5Dimes and Heritage take BTC deposits and credit US$ to your account.

[Ra77er]

I'm an idiot...disregard

[jjgold]

Bitcoin by far the most erotic/volatile currency in the world

That's where all the problems come into play as it is easy to have $40 swings in a day

Most other currencies move fractions of pennies per day

[Domestic]

Thanks Domestic.

I am only really interested as I am sick of paying Skrill's 4.5% fee to exchange AUD to and from USD and Euros. So if I am going to lose that much with bitcoin exchange fees it may not end up being that attractive to me.

If I don't care about anonymity, should I still download a separate wallet or is it fine to just use the Coinjar one for everything?

I don't anticipate holding much bitcoin for long. Just want to be able to buy it at the rate 5Dimes will give me for it a few minutes later. And be able to cashout and sell it a few minutes later at the same rate. Hopefully.

I would still go to the trouble of setting up a blockchain.info or other third party wallet even if you don't care about anonymity. The reason being that if Coinjar for example was to go under you are probably screwed as they don't let you see your private keys.

If Blockchain.info got wiped off the face of the web you would still be able to access your bitcoins assuming you download a backup of the wallet/private key.

[swordsandtequila]

Originally Posted by rockykcor
Is there any reliable bitcoin sportsbook converting BTC into USD?

5Dimes and Heritage take BTC deposits and credit US$ to your account.

So does JetWin (user chooses their currency at time of signup).

Bitcoin by far the most erotic/volatile currency in the world

That's where all the problems come into play as it is easy to have $40 swings in a day

Most other currencies move fractions of pennies per day

Nothing "erotic" about it. And as I've told you before, if the book converts to fiat at time of deposit then you're not subjected to "volatile swings". Quit posting the same erroneous/misleading shit, day after day. 5Dimes has jumped aboard, soon as the other sponsors do you'll be on the btc jock faster than a fat kid on a cupcake.

[jjgold]

The software at Nitro is definitely a plus

rather unique and refreshing to see

[zola]

Bitcoin by far the most erotic/volatile currency in the world

That's where all the problems come into play as it is easy to have $40 swings in a day

Most other currencies move fractions of pennies per day

You can also have upswings of $40 or more. It's not as up and down everyday as you've made it appear though.

To fix the problem, just cAsh out when you win. It's not very hard. And you would get the amount of the value when you cash out.

[Sam Odom]

[jjgold]

A lot of Nitrogen supporters here

Will knock out the Vices and other smaller books next year

[nyyanks773]

Did I hear something about not using coinbase for sportsbooks? Like they were blocking it or something? Plus coinbase has all your info. I'm kind of new to btc and have sent a minimal amount from electrum wallet, but of course this generates a minimal fee

[elgreco]

Did I hear something about not using coinbase for sportsbooks? Like they were blocking it or something? Plus coinbase has all your info. I'm kind of new to btc and have sent a minimal amount from electrum wallet, but of course this generates a minimal fee

As zola mentioned on page 1, there is an easy workaround. Just make a blockchain.info wallet, handle all your transactions there, and just use coinbase for buying and selling.

If you want to preserve your anonymity for buying and selling, I think localbitcoins or mycelium's local exchange feature is your only hope.

If you don't mind, how did you get the BTC you have?<deleted></deleted>

[elgreco]

[ATTACH]73291[/ATTACH]

http://cointelegraph.com/news/112606/nitrogensports-goes-public-to-combat-extortion-blackmail-and-slander

[jjgold]

Its very easy to get swindled out of Bitcoin if you do not know what your doing

Its very complex and not like paypal

[nyyanks773]

As zola mentioned on page 1, there is an easy workaround. Just make a blockchain.info wallet, handle all your transactions there, and just use coinbase for buying and selling.

If you want to preserve your anonymity for buying and selling, I think localbitcoins or mycelium's local exchange feature is your only hope.

If you don't mind, how did you get the BTC you have?<deleted></deleted>

I was just fooling around trying to learn, I think coinbase gave me 5$ free BTC or something, and I have an electrum wallet, just trying to learn. I'm still new so if I send from coinbase to electrum to nitrogen it's all good? Or do I have to go to blockchain info

[Domestic]

I was just fooling around trying to learn, I think coinbase gave me 5$ free BTC or something, and I have an electrum wallet, just trying to learn. I'm still new so if I send from coinbase to electrum to nitrogen it's all good? Or do I have to go to blockchain info

Yep, this is fine. Electrum probably even better to use than blockchain.info in this situation as it uses multiple send and receive addresses.

[trytrytry]

A lot of Nitrogen supporters here

Will knock out the Vices and other smaller books next year

\

no it wont.

[gauchojake]

Jj check out this site

bitcointwinks.com

[zola]

Its very easy to get swindled out of Bitcoin if you do not know what your doing

Its very complex and not like paypal

Get swindled out?

Guy has NO idea what he's talking about. Like, at all...

[Keith Richard]

The safety or the market volatility? Safety is pretty much dependent on the competence of the user. The bitcoin system/network itself is very safe. That's what makes it valuable.

The market volatility is what scares me.

[jjgold]

Bitcoin can go to $100 then what especially if you bought 10 for $450

[HuskerExpat]

Its very easy to get swindled out of Bitcoin if you do not know what your doing

Its very complex and not like paypal

Just stop talking about bitcoins. Please. Stop. You apparently have some agenda in arguing against bitcoins and BTC books because you don't say such idiotic things in other threads, but at least half of your comments about bitcoins are just idiotic nonsense.

It is not easy to get swindled out of bitcoin. That's like saying don't have an online bank account because a scammer might convince you to electronically transfer money to him.

The only valid point you've made in any thread is that there is volatility in the value of bitcoins, and that can be mitigated/eliminated by playing at 5Dimes or Heritage where they convert your BTC to USD. Then you never have to hold bitcoins for more than a few minutes. There are plenty of us, however, who are willing to accept the market risk of holding bitcoins. Much like Dell Computers, Overstock.com and many other retailers who accept bitcoins as payment for goods.

Just stop with your agenda. Please.

[jjgold]

There are over 40 3rd party bitcoins banks

Simple to pick wrong one and get Fukked

Some of you are pathetic

[jjgold]

off wires today..................


Market players remain concerned about possible regulation of the virtual currency among other adverse events in the industry.
New York's Department of Financial Services proposed a BitLicense on July 17. As per the proposal, firms would have to obtain a license to engage in the virtual currency business.
Some market analysts have expressed concerns over the proposal, saying increased regulation would pressurize the Bitcoin industry.

[swordsandtequila]

There are over 40 3rd party bitcoins banks

Simple to pick wrong one and get Fukked

Some of you are pathetic

Just like some online books, right (1st, 2nd, 3rd shift?) JJ? BetIslands anyone?

[jjgold]

of course bad online books too

All I do is make sure people know what what is going on

[swordsandtequila]

of course bad online books too

All I do is make sure people know what what is going on

Which is great, when you know what the hell you're talking about. Bitcoin ain't one of those things.

[jjgold]

If bitcoin gets regulated they will eventually phaseout USA residence as far as gambling

It's the same thing as PayPal was back in the day

[phillyhata1]

Boy u sound like u have a personal vendetta against bitcoin jj. Also sports betting in New Jersey seems to piss u off too. For being such a fukin degenerate u would think u would be happy about this.....hmmmmmmmm

[Sam Odom]

hata1 , JJ is a malcontent lately

needs to get laid...

[phillyhata1]

JJ cut the center out of a cantaloupe heat it in the microwave and stick your little pee pee in there.....just like the real thing. Your welcome

[jjgold]

You guys don't like the truth do you?

If Bitcoin becomes regulated there will be a stipulation no US accounts for gambling

[phillyhata1]

Shut up ol man go bang your cantaloupe hahahahahahah

[swordsandtequila]

You guys don't like the truth do you?

If Bitcoin becomes regulated there will be a stipulation no US accounts for gambling

And who's going to tell offshore books they can't take btc from anyone, much less US citizens. It's set up to be anonymous, numbnuts. You don't understand the truth.

[jjgold]

Let's hope no regulation

Usa govt gets involved and trouble starts

[Spedizzo]

If you deposit into a book like Heritage with BitCoins

can you still use a different method to withdrawal? so you don't get screwed if the amount of USD BitCoins are worth drops?