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Insert dramatic less slanderous title here! Insert dramatic less slanderous title here!

06-20-2017 , 05:29 PM
Made a deposit today with BTC and by the time the transaction confirmed + fees I only received 75% of my deposit. We really need to jump on the ETH or LTC train. Not a big deposit or loss but will be my last one until ETH or LTC is installed.

Last edited by xBIGx; 06-20-2017 at 05:35 PM.
06-20-2017 , 06:07 PM
OP it could have gone the other way and you make 25%. Writing "ROBBED" in title is a step to far, if you have something you'd rather rename it let me know. I think bitcoin is in a poor state right now that'll hopefully shortly be corrected (i'd argue litecoin is worse for other reasons) and that discussing adding other altcoin payments is a good dicussion to have.
06-20-2017 , 06:14 PM
Quote:
Originally Posted by Thrash370
OP it could have gone the other way and you make 25%. Writing "ROBBED" in title is a step to far, if you have something you'd rather rename it let me know. I think bitcoin is in a poor state right now that'll hopefully shortly be corrected (i'd argue litecoin is worse for other reasons) and that discussing adding other altcoin payments is a good dicussion to have.
Worse or not we're just using it for a split second to transfer money. It's not like the site is holding the coins. Faster transactions will help us dodge the price jumps up and down. This could be the reason why low stakes are seeing overlay or less traffic right now.
06-20-2017 , 07:37 PM
Quote:
Originally Posted by xBIGx
Worse or not we're just using it for a split second to transfer money. It's not like the site is holding the coins. Faster transactions will help us dodge the price jumps up and down. This could be the reason why low stakes are seeing overlay or less traffic right now.
Hahahaha
06-21-2017 , 06:18 AM
75%? That must have been a very small deposit. Even a $100 only takes a hit of 5 or 6 bucks.

There is almost a 100% chance a site/miner is holding coin or delaying credit/debit due to the fluctuation in volatility. Banks do it on your deposits, too. That is why the simple process of a withdrawal takes a cpl days. It can be hedged. It is also part of the reason miners collect blocks of them at a time. The exact same thing happens in the currency markets in every commodity/futures market in the world. Smaller transactions are blocked together, pay higher percentages, and take longer to receive an execution. Btc, and all the others, are set up in the same model.

As digital currency becomes more widespread, the time, fees, and spreads will come down.
06-21-2017 , 11:17 AM
Quote:
Originally Posted by a dewd
75%? That must have been a very small deposit. Even a $100 only takes a hit of 5 or 6 bucks.

There is almost a 100% chance a site/miner is holding coin or delaying credit/debit due to the fluctuation in volatility. Banks do it on your deposits, too. That is why the simple process of a withdrawal takes a cpl days. It can be hedged. It is also part of the reason miners collect blocks of them at a time. The exact same thing happens in the currency markets in every commodity/futures market in the world. Smaller transactions are blocked together, pay higher percentages, and take longer to receive an execution. Btc, and all the others, are set up in the same model.

As digital currency becomes more widespread, the time, fees, and spreads will come down.
It sure was a small deposit.. $5-$6 bucks from a $100 is really steep. Especially when you get taxed 5% each way. that's 10% and that's money not going to the sites pool.

If you think about it $2 was what was the cost before when everyone used credit cards. With BTC now the players are getting hit harder than we would using a credit card.

Adding ETH and LTC to be used along with BTC would be so great for everyone.

      
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