Talk to me about Nitrogen/Bitcoin book

**thespeculator** · 06-02-15, 04:01 PM

Just google Bitcoin to usd , price will show up instantly. Agree the decimals are annoying. For 30 bucks guess you just need to keep a calculator nearby

**Ra77er** · 06-02-15, 04:25 PM

Thanks Speculator, I just wanted to know that I wasn't in the minority with the annoying decimals. The google calc is fantastic

**byronbb** · 06-02-15, 09:31 PM

I found it annoying they didnt have a way to do this onsite.

**jjgold** · 06-03-15, 12:16 AM

bitcoin balances should be converted into whatever currency you chose to begin with

I think not doing that will scare some players away

**raiders72001** · 06-03-15, 12:49 AM

Speaking of Nitrogen they have a contest going and there aren't many players in it yet. Only 12 right now.

Nitrogen 10x Challenge
Nitrogen Sports is excited to announce the 10x Challenge! Until Sunday June 7th, you can place wagers corresponding to the challenges listed below. Each challenge completed earns you a chance to win a draw for 10x the minimum wager amount in free bets. Players who complete all 8 challenges will also be entered to win a 1.5 btc free bet. For full contest details and rules please keep reading below!

**Optional** · 06-03-15, 05:03 AM

Originally posted by Ra77er

I just deposited for the first time using bitcoins. I have one question, how the heck do you convert your bitcoin balance to US dollars to make your plays? Is there a calculator somewhere or do you just get used to using bitcoins so the decimal places are no big deal? 1.2232444323 is insane when your just trying to bet 30 clams. Any info would be appreciated.

1.2232444323 = $275

Be careful of the decimal point placement as well if they are using fractions of BTC... maybe thats what happened with you? You were thinking of 1.2232444323 mBTC or one of the other units.

The BTC system is like using DOS and people really want a windows style GUI to use it.

**jjgold** · 06-05-15, 06:50 PM

Originally posted by Optional

1.2232444323 = $275

Be careful of the decimal point placement as well if they are using fractions of BTC... maybe thats what happened with you? You were thinking of 1.2232444323 mBTC or one of the other units.

The BTC system is like using DOS and people really want a windows style GUI to use it.

too complicated

Pass for now

**Jnas** · 06-05-15, 07:09 PM

Just think of .1 bitcoin as $23 and go from there. if you bet $100 a game it is around .4 ish

**ki dice** · 06-05-15, 08:17 PM

What college did optional go to and how many years

**bookie** · 06-05-15, 09:51 PM

Originally posted by jjgold

too complicated

Pass for now

Shouldn't you be reading the Bible?

**jjgold** · 06-07-15, 12:29 PM

Originally posted by Jnas

Just think of .1 bitcoin as $23 and go from there. if you bet $100 a game it is around .4 ish

not going to cut it with Americans...too complicated

**Optional** · 06-07-15, 12:42 PM

Why just Americans? It's a pain in the ass for everyone really.

**raiders72001** · 06-08-15, 01:50 PM

Nitrogen added live betting for the NBA finals. Good to see.

**jimmy007oc** · 06-08-15, 10:57 PM

Originally posted by raiders72001

Nitrogen added live betting for the NBA finals. Good to see.

When is it Raider?? I don't see that option yet

**bookie** · 06-08-15, 11:07 PM

Originally posted by raiders72001

Nitrogen added live betting for the NBA finals. Good to see.

Yeah, I didn't see it either. And there's nothing like an announcement on the site which it seems like there would be.

**raiders72001** · 06-09-15, 01:01 AM

Originally posted by jimmy007oc

When is it Raider?? I don't see that option yet

They don't have anything up now but it will be up at game time. Right now live betting is just for the NBA.

They had live betting for PacMan/Mayweather. I'm hoping they have it full time for the NFL.

**FranchisePlayer** · 06-09-15, 10:17 AM

Anybody happen to use Cloudbet?

**jjgold** · 06-10-15, 06:22 PM

Originally posted by Optional

Why just Americans? It's a pain in the ass for everyone really.

yes..conversions take too long

maybe coding is complicated to convert to usa dollars

**Ra77er** · 06-12-15, 04:19 PM

Just made my first deposit using bitcoins to 5Dimes, string of numbers that you need is crazy to get it all situated but all in all not too bad. I really liked the Nitrogen book but the baseball lines weren't quite competitive enough. The ease of deposit there is a plus and I didn't mind the layout of the site (feels kind of bovada ish). Hopefully I will be able to report on a payout with bitcoins from 5dimes .

**RonPaul2008** · 06-13-15, 11:27 AM

Is nitrogen quick to limit people or are they okay with pros? I'd like to get a feeling of how they compare to other books in this regard.

thanks

**raiders72001** · 06-13-15, 01:23 PM

Originally posted by RonPaul2008

Is nitrogen quick to limit people or are they okay with pros? I'd like to get a feeling of how they compare to other books in this regard.

thanks

Everyone has the same limits. They don't profile to limit pros.

**RonPaul2008** · 06-13-15, 01:41 PM

Originally posted by raiders72001

Everyone has the same limits. They don't profile to limit pros.

Site rule says
"Nitrogen Sports also reserves the right to adjust the limits on individual accounts."
Are you sure they never do?

**raiders72001** · 06-13-15, 02:12 PM

Originally posted by RonPaul2008

Site rule says
"Nitrogen Sports also reserves the right to adjust the limits on individual accounts."
Are you sure they never do?

They haven't done it yet. The only thing they'll get mad about is using multiple accounts but I haven't heard of any problems at Nitrogen. There have been some problems at other bitcoin books with multiple accounts.

**RonPaul2008** · 06-13-15, 02:59 PM

Thanks Raiders. My big questions now are about bitcoin wallet security. Do you back up your wallet(s) in multiple places offline?
I was reading this: https://bitcoin.org/en/secure-your-wallet

This in particular caught my eye "Some wallets use many hidden private keys internally. If you only have a backup of the private keys for your visible Bitcoin addresses, you might not be able to recover a great part of your funds with your backup.
Does this apply to blockchain.info or circle?

Any tips on security would be much appreciated.

**raiders72001** · 06-13-15, 05:05 PM

Originally posted by RonPaul2008

Thanks Raiders. My big questions now are about bitcoin wallet security. Do you back up your wallet(s) in multiple places offline?
I was reading this: https://bitcoin.org/en/secure-your-wallet

This in particular caught my eye "Some wallets use many hidden private keys internally. If you only have a backup of the private keys for your visible Bitcoin addresses, you might not be able to recover a great part of your funds with your backup.
Does this apply to blockchain.info or circle?

Any tips on security would be much appreciated.

I use two factor authentication for my blockchain.info account. When I log in I'm required to enter my password plus a generated 5 digit code that I get as a text message.

When you create a blockchain.info account, they will give you a long phrase. Write down the phrase and you can use it to recover your account.

I never keep any money in a Circle/Coinbase/Localbitcoins account. I've used those accounts to purchase bitcoins, but then transfer to my blockchain.info account. I use multiple blockchain.info accounts.

**raiders72001** · 06-13-15, 05:10 PM

Some people use a flash drive to keep their bitcoins off line (cold storage) as opposed to online (hot wallet) .

**RonPaul2008** · 06-13-15, 05:16 PM

Originally posted by raiders72001

I use two factor authentication for my blockchain.info account. When I log in I'm required to enter my password plus a generated 5 digit code that I get as a text message.

When you create a blockchain.info account, they will give you a long phrase. Write down the phrase and you can use it to recover your account.

I never keep any money in a Circle/Coinbase/Localbitcoins. I've used those accounts to purchase bitcoins, but then transfer to my blockchain.info account. I use multiple blockchain.info accounts.

*So you just keep it all in bitcoins and never sell them? Do you feel it is safe to keep a large amount of coins in blockchain.info for an extended period of time?

* You don't keep your wallet backup up offline or anywhere else?

* does blockchain.info have encryption?

I know I ask a lot of questions but I have to be comfortable with this if I am going to try it.

**Ra77er** · 06-13-15, 05:21 PM

No keep asking Ron.

**raiders72001** · 06-13-15, 05:23 PM

Originally posted by RonPaul2008

*So you just keep it all in bitcoins and never sell them? Do you feel it is safe to keep a large amount of coins in blockchain.info for an extended period of time?

* You don't keep your wallet backup up offline or anywhere else?

I know I ask a lot of questions but I have to be comfortable with this if I am going to try it.

Ask all the questions that you want. That's the purpose of forums, to share info.

I keep my wallets online and use 2FA. Fortunately, I haven't had any problems. When I sell I have been going through localbitcoins.com and most of the time through Paypal. You may be able to get a little over market value using Paypal. Sometimes I've done it in person.

**raiders72001** · 06-13-15, 05:29 PM

In the past I was using Coinbase to buy and sell until they closed my account. If you want to use Coinbase then you want to move coins through a mixer such as https://bitmixer.io although I'm not going to recommend any mixer as far as being safe.

**raiders72001** · 06-13-15, 05:44 PM

I feel secure keeping large amounts of money in blockchain.info. You aren't going to have any problems with Nitrogen either.

**raiders72001** · 06-13-15, 06:00 PM

Currently at localbitcoins by Paypal

macdonsr12 (100+; 100%)	Paypal	236.95 USD	40 - 140 USD	Paypal	Sell
seidelryan (3000+; 100%)	Paypal	236.44 USD	200 - 29386 USD	Paypal	Sell
Rishodi (1000+; 100%)	Paypal	236.10 USD	50 - 1411 USD	Paypal	Sell
coqui33 (1000+; 100%)	Paypal	235.43 USD	15 - 500 USD	Paypal	Sell
neon_coin (1000+; 100%)	Paypal	234.25 USD	200 - 4000 USD	Paypal	Sell
coinrus (1000+; 100%)	Paypal	233.78 USD	100 - 4000 USD	Paypal	Sell
leetcwb (100+; 100%)	Paypal	232.94 USD	20 - 1000 USD	Paypal	Sell
colinas (1000+; 100%)	Paypal	232.94 USD	100 - 2000 USD	Paypal	Sell

Always check reputation and the amount of transactions before selling by Paypal.

**raiders72001** · 06-13-15, 06:02 PM

Market price

1

$ 3,316,009,691

or here for current price https://bitcoinaverage.com/

**RonPaul2008** · 06-13-15, 06:03 PM

Was also wondering if anyone has, or knows if it is possible with books rules, to use bitcoin without having a wallet... like so..

1) You have a bunch of dollars in book A that allows bitcoin withdraws
2) you withdraw coins from book A straight to your account at Nitrogen or another bitcoin book
3) when you have more then you want in nitrogen, transfer it back to book A (or another one of your regular books that accept bitcoin) which then converts it back to $ in your account. Then, when you are ready, you can withdraw from that book in your fiat currency.

Anyone do this or know if its realistically possible with rules and such?

thanks

This way, someone could get started and feel comfortable not worrying about security or other tech aspects.