and bitcoins are still very volatile... one day you'll happy you got this much and next day you're yelling whyyyyyy kinda like getting screwed by the hook.
all i can say... is you gotta always monitor the price of your currency.
and bitcoins are still very volatile... one day you'll happy you got this much and next day you're yelling whyyyyyy kinda like getting screwed by the hook.
all i can say... is you gotta always monitor the price of your currency.
Anyone here tried Bitcoin sports books? Seems like this is the future (and the future is now).
Yes, I've tried several bitcoin sportsbooks. There are two obvious issues that anyone considering this must be aware of.
First, bitcoin sportsbooks are one of the best vehicles ever created--for fraud. Bitcoinsports owed me 10 BTC when the owner disappeared. I got my money out of two others before they closed up shop on a few days notice. There are some books out there now that seem pretty reliable, but there are a remarkable number of alarming historical examples.
Second, bitcoin remains highly volatile short-term and totally unpredictable long-term. The only real way to protect yourself from the risk of losing almost everything is to hold coins for a short period of time before exchanging them into currency. That is possible if you want to place one big bet, but it is totally impossible for futures bets. For a steady gambler, it also adds a level of complexity that many don't want.
Fortunately, a more practical option now exists at the various sportsbooks that have jumped on the BTC bandwagon by offering deposits and withdrawals in bitcoin. *If* bitcoin has a big future in gaming, it probably looks much more like what 5dimes and Heritage are now doing than what Anonibet and Nitrogen are doing. Unless you intend to be speculating on bitcoin on top of your sports gambling, there's no reason to have an account denominated in bitcoin.
Anyone here tried Bitcoin sports books? Seems like this is the future (and the future is now).
Yes, I've tried several bitcoin sportsbooks. There are two obvious issues that anyone considering this must be aware of.
First, bitcoin sportsbooks are one of the best vehicles ever created--for fraud. Bitcoinsports owed me 10 BTC when the owner disappeared. I got my money out of two others before they closed up shop on a few days notice. There are some books out there now that seem pretty reliable, but there are a remarkable number of alarming historical examples.
Second, bitcoin remains highly volatile short-term and totally unpredictable long-term. The only real way to protect yourself from the risk of losing almost everything is to hold coins for a short period of time before exchanging them into currency. That is possible if you want to place one big bet, but it is totally impossible for futures bets. For a steady gambler, it also adds a level of complexity that many don't want.
Fortunately, a more practical option now exists at the various sportsbooks that have jumped on the BTC bandwagon by offering deposits and withdrawals in bitcoin. *If* bitcoin has a big future in gaming, it probably looks much more like what 5dimes and Heritage are now doing than what Anonibet and Nitrogen are doing. Unless you intend to be speculating on bitcoin on top of your sports gambling, there's no reason to have an account denominated in bitcoin.
Nitrogensports.eu is the best Bitcoin website. Bitcoin 100% is the best way to gamble. Buy Bitcoins from Coinbase.com.. 1 BTC is worth around 325$ right now.. But it's been fluctuating between 325-375$ It will rise into the 500's in two months.
Nitrogensports.eu is the best Bitcoin website. Bitcoin 100% is the best way to gamble. Buy Bitcoins from Coinbase.com.. 1 BTC is worth around 325$ right now.. But it's been fluctuating between 325-375$ It will rise into the 500's in two months.
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