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Bitcoins for gambling....

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Posted: #276

I have faith in digital currency, but we aren't there yet.

There are only 33 million bitcoins, 84 million litecoin, and 330 million Feathercoins.

People have stopped mining for bitcoin because it requires high-end mining capabilities, and because each successive time the coin is used, it becomes longer and slightly more difficult to mine.

After a certain point, the mining isn't rewarded with bitcoins anymore.

So eventually, the system is meant to crap out.  That's why you're seeing these bigger and more improved copycats. 

 

 
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Posted: #277
You can make money off mining litecoin, if you're willing to go out and buy the hardware.  The difficulty is still 'low' in comparison with bitcoins.
 
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Posted: #278
BitCoins is a stock and not money.
It is what it is.
 
Legend
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Posted: #279
the volatility in bitcoin is insane.

It cant be taken seriously by the mainstream until 2 things happen:

1.  Ease of use and purchase gets better for the average user.
2.  The currency stabilizes.

It cant be 500 one day and 1000 the next.  Nobody will ever be able to accept the currency for real goods and services if this is the case.
Support your local animal shelter. I am on twitter.
 
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Posted: #280
Not enough in circulation to stabilize ...not sure there ever will be honestly. Hence I think bitcoin is a short term phenomenon until a better option comes along 
 
Prospect
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Posted: #281
Hey numchucks did you stop gambling? hope you are doing well
 
Captain
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Posted: #282
Quote Originally Posted by MLBguru:

I have faith in digital currency, but we aren't there yet.

There are only 33 million bitcoins, 84 million litecoin, and 330 million Feathercoins.

People have stopped mining for bitcoin because it requires high-end mining capabilities, and because each successive time the coin is used, it becomes longer and slightly more difficult to mine.

After a certain point, the mining isn't rewarded with bitcoins anymore.

So eventually, the system is meant to crap out.  That's why you're seeing these bigger and more improved copycats. 

 



Listen this guy and you be broke as hell.
There are not ever going to be that many BTC. Do some reading before you post this horse$hit.
 
 
Captain
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Posted: #283
Not to sound like MLBguru but for the guys who think BTC is a commodity take a look at something designed to be a currency.
If you want to take a chance there is a pre-buy coming up at .10 per coin. It is not designed to have huge price jumps in either direction.
For full disclosure I am going to buy in on this. I am not touting it as a home run do not invest more than you can use.
So far the three I have invested in have brought in more then I could have imagined and I am at a hold forever stage now.
This will also be a hold for a long time type thing.

"eMunie"

 
Captain
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Posted: #284
use=lose
 
Captain
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Posted: #285
Quote Originally Posted by MLBguru:

I have faith in digital currency, but we aren't there yet.

There are only 33 million bitcoins, 84 million litecoin, and 330 million Feathercoins.

People have stopped mining for bitcoin because it requires high-end mining capabilities, and because each successive time the coin is used, it becomes longer and slightly more difficult to mine.

After a certain point, the mining isn't rewarded with bitcoins anymore.

So eventually, the system is meant to crap out.  That's why you're seeing these bigger and more improved copycats. 

 



You make some decent points and arguments; but lose almost all your credibility based on this statement alone...
 
Captain
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Posted: #286
Quote Originally Posted by MLBguru:

You can make money off mining litecoin, if you're willing to go out and buy the hardware.  The difficulty is still 'low' in comparison with bitcoins.


Unless you have access to unlimited electricity, good luck with that venture
 
Captain
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Posted: #287
Quote Originally Posted by Denverb:



Listen this guy and you be broke as hell.
There are not ever going to be that many BTC. Do some reading before you post this horse$hit.
 


Thank you for saving me the time to correct him
 
Captain
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Posted: #288
Quote Originally Posted by Denverb:

Not to sound like MLBguru but for the guys who think BTC is a commodity take a look at something designed to be a currency.
If you want to take a chance there is a pre-buy coming up at .10 per coin. It is not designed to have huge price jumps in either direction.
For full disclosure I am going to buy in on this. I am not touting it as a home run do not invest more than you can use.
So far the three I have invested in have brought in more then I could have imagined and I am at a hold forever stage now.
This will also be a hold for a long time type thing.

"eMunie"



Is this the next doge?  What exchange do you use?
 
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Posted: #289
And Bob's your uncle.

https://business.financialpost.com/2014/01/24/bitcoin-is-an-amazing-example-of-a-bubble-robert-shiller/
 
Prospect
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Posted: #290
CEO of bitcoin  exchange arrested on money laundering today
 
Rookie
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Posted: #291
EMUNIE
 
MVP
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Posted: #292
Read that this dream is over. Everybody bailing.
 
Hall of Fame
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Posts: 28196
Posted: #293
prediction: this will be vanzack's new avatar when he comes back (possibly actually vanzack rather than that nunchucks guy)



https://l.yimg.com/bt/api/res/1.2/Ma2j0lf8V4plRXMa0o8IUg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTQyMTtweG9mZj01MDtweW9mZj0wO3E9NzU7dz03NDk-/https://media.zenfs.com/en_us/News/ap_webfeeds/0898ecab4b6fb8094d0f6a706700da0e.jpg
 
Legend
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Posted: #294

Quote Originally Posted by ClubDirt:

prediction: this will be vanzack's new avatar when he comes back (possibly actually vanzack rather than that nunchucks guy)



https://l.yimg.com/bt/api/res/1.2/Ma2j0lf8V4plRXMa0o8IUg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTQyMTtweG9mZj01MDtweW9mZj0wO3E9NzU7dz03NDk-/https://media.zenfs.com/en_us/News/ap_webfeeds/0898ecab4b6fb8094d0f6a706700da0e.jpg

HA! 

I read the newsweek article.  Very interesting.  It takes guys like this to do this kind of stuff I guess.

While I am proud of my 3 bitcoins, this guy dwarfs everyone.

Support your local animal shelter. I am on twitter.
 
Captain
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Posted: #295

I don't know what to make of the whole bitcoin.   It is not a currency, but rather some piece of paper  that gyrates like a dotcom stock of yesteryear. 

What puzzles me is not the fools that invest in this virtual currency, but those merchants that accept this as some form of payment. They gamble right along you folks that buy the currency to begin with.

 

When the merchants reject this ... you holders of bitcoin will be holders of bits of data and nothing else .   

 

 

 
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Posts: 4717
Posted: #296
BTC Sportsbook:
https://nitrogensports.eu/

Instant Deposits and Withdrawals using your BTC Wallet like Coinbase. https://coinbase.com
 
Veteran
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Posted: #297
BTC has been pretty stable at around $450 to $500 lately.
 
Captain
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Posted: #298
Doesn't seem too wise to use biticoins anymore does it?
 
Veteran
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Posts: 4717
Posted: #299
Sure it's okay and you can move in and out with a click.

You can bet with BitCoin at a cool new Sportsbook here:https://nitrogensports.eu/r/31761

You can buy your BitCoin or fraction of a BitCoin here: https://tinyurl.com/p2cmu8v

The cool thing is that you can transfer your funds for free whenever you want with one click! From the SportsBook back to CoinBase and even back to your bank account.
 
 
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Joined: Jun, 2002
Posts: 4128
Posted: #300
Any updates on Bitcoins and gaming world? 

 Prices of bit coins seem to have stabilized and bit coins definitely are gaining main stream.  I live in a town of 65k and recently there is a company that put in a bit coin atm at a retail store.  
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