Nitrogen must feel like a goldmine now

Roscoe_Word · 05-11-17, 02:06 PM

Wish there was a handicappable way of predicting the value of BTC, brother.

Or maybe it's like AMAZON. Just buy it, sit through the ups and downs, and reap the profits.

Housing market, Bitcoin value, stock market....seems always to lead to one conclusion.

"Do we have enough confidence in our extrapolations to ride out any storms?"

PharaohUB · 05-11-17, 04:46 PM

I think when they opened up shop bitcoin wasn't even worth $15. It's still to be seen if any of these bitcoin shops struggle if Bitcoin itself struggles for a decent stretch of time. I'm sure the bitcoin price increases over time has added a little chunk to the top half of their income statement.

themike78 · 05-12-17, 07:25 AM

Great. Maybe now they can hire more graders. 1 hour for a baseball game is unreal.

rockmvp1209 · 05-12-17, 10:37 AM

I mean this is like the MGM taking a 800 dollar bet all in bet(1 btc) and the bet loses . Then the money sits in the cash register for a year and turns to 1800 . And it happens thousands of times throughout the year with other players lol. They are winning fellas

themike78 · 05-12-17, 02:54 PM

How do you know they aren't just converting the bitcoin to dollars instantly though. I doubt they are just letting it all sit in bitcoin.

rockmvp1209 · 05-12-17, 05:12 PM

Originally posted by themike78

How do you know they aren't just converting the bitcoin to dollars instantly though. I doubt they are just letting it all sit in bitcoin.

Good point. If they really are doing that and instantly making it dollars then they probably missed out on 50 million plus lol

Buffalo Nickle · 05-12-17, 06:23 PM

They take in bitcoin and hold it and then pay out bitcoin. So they don't really benefit off what they receive other than the difference between what they pay out and receive. If they hold that as bitcoin, they benefit when it goes up. But if they do that and it takes a header, could go out of business overnight. I would not be too excited about these prospects.

If they are making major money on bitcoin, they will likely eventually be wiped out and people will lose major funds.

rockmvp1209 · 05-12-17, 10:11 PM

Originally posted by Buffalo Nickle

They take in bitcoin and hold it and then pay out bitcoin. So they don't really benefit off what they receive other than the difference between what they pay out and receive. If they hold that as bitcoin, they benefit when it goes up. But if they do that and it takes a header, could go out of business overnight. I would not be too excited about these prospects.

If they are making major money on bitcoin, they will likely eventually be wiped out and people will lose major funds.

let's be honest 70 percent of deposits go to 0 quick it's not like everyone is winning lol. That's why books are in business . So they have tons of bitcoins I'm saying. And imagine if they hold it