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Bitcoins - digital currency Bitcoins - digital currency

08-15-2017 , 08:17 AM
Quote:
Originally Posted by Dutch101
All the big announcements of vendors accepting bitcoin has seen almost no growth in actual payments in bitcoin to those vendors. Which in itself is fine as bitcoin doesn't need to be an end user payment option at the moment.
Most of these are only made for publicity or ideology. If they don't leverage the upside to the seller, i.e. no risk of charge backs and no transaction fees to visa or paypal, by giving a discount, then no wonder nobody uses that alternative.
The only people it appeals to then are the ones that have obtained their btc illegally, and has to find a way to spend them. And that is also a stretch, because to buy something they will have to give out identifying information.
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08-15-2017 , 09:01 AM
Isn't one of the advantages of Bitcoin is it being an out in case you need to leave the country?

Wouldn't that be good for illegal activity? Just saying.
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08-15-2017 , 11:18 AM
Quote:
Originally Posted by dundalk

Listening to a few podcasts, it was mentioned that Bitcoin sports websites, would offer better margins .. like 2% over-round .. but, I cant find any.

Does anyone in the thread, trade sports in Bitcoin ? And can u recommend a site.

Thx
Fairlay should have better margins than most traditional sites.
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08-15-2017 , 12:14 PM
Quote:
Originally Posted by rubbrband
There are certainly ways for me to send BTC to his exchange account or his cloud wallet in the USA and then he uses an exchange to legally withdraw? Is there something I'm missing? Why am I setting up a remittance company to send my friend $100? Why am I going to prison?
Yes, but that isn't BTC and you're using a regulated financial institution. So his point about "using BTC" and not using a financial institution is wrong and misleading. He doesn't really understand what he is talking about and just kinda making it up.
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08-15-2017 , 02:08 PM
Quote:
Originally Posted by wil318466
Wouldn't that be good for illegal activity? Just saying.
Cash is pretty good for illegal activities. Just saying. Also shoes, cars and smartphones.
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08-15-2017 , 06:58 PM
]
Quote:
Originally Posted by heltok
Cash is pretty good for illegal activities. Just saying. Also shoes, cars and smartphones.
It's actually not, especially so with higher numbers, and police really taking an interest in large amounts of it and confiscating it.

You have a point, but if I wanted to leave the country and was some kind of kingpin, I'd want a vehicle where my assets couldn't be frozen and I didn't have to try to carry duffle bags full of 100 dollars bills.

Just a thought.
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08-15-2017 , 07:32 PM
Quote:
Originally Posted by wil318466
Isn't one of the advantages of Bitcoin is it being an out in case you need to leave the country?

Wouldn't that be good for illegal activity? Just saying.
Yes, but what would you do to stop this? Crypto currency has been invented and it's impossible to stop the black market from using it. Should we stop law abiding citizens from using crypto in a futal attempt to stop illegal usage?

Some people wanted to ban VCRs because they can be used to make illegal copies.
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08-15-2017 , 07:55 PM
Hey all to anyone that has used hitbtc i have questions and curious about this exchange. I use shapeshift to convert bitcoin to altcoins etc. Of course there is a huge fee with this when you count how much say LTH or other altcoins you get when converting btc. I believe i paid close to 250 dollars when converting 5000 dollars of bitcoin to another coin etc. I heard that is negative of shapeshift except there is no verification.


I read bittrex is good if you dont want to pay these ridiculous rates but they do require verification. I heard about hitbtc and they do not require verification. Is this true? If so i have few other questions.


So when converting btc to eth or ltc for example, so you are getting very close to the amount of eth or ltc with it? I read theres only a 0.1 percent fee? Thus if you convert 1000 worth of bitcoin ... you will get around 990 or so in eth or ltc? If you do this with shapeshift, you would get like 975 or so based on using shapeshift. I believe bittrex offers the lowest rates at 0.0025 percent. But 0.1 percent is still very low. So that mean one could do 5000 worth of bitcoin... and get back like 4950 worth of eth or ltc WITHOUT VERIFICATION?


I read you need to create an email address. So with that, thats all you need?


The other thing is do you need to use your real name in case something goes wrong? Or its no big deal using a real name since well there is many people in the world with same full name as you?


Im guessing the only time you need to do verification is when you do a bank wire or transfer and sell these coins or bitcoin for usd to your american bank account right? But if you only need to convert btc to eth or ltc or vice versa, this is probably the number 1 exchange to do it with where you do not need verification?


Also are there limits in total btc you can do without verification? So someone could transfer like 3k worth of btc for another altcoin or vice versa a day without any issue? Or there are limits? And if so, what are these limits? Because it seems like this would be the best exchange where you don't need to send in documents etc? Do i need to at least put a contact number on it? I heard bittrex allows you to do without verification as well but now the limits are like 0.0025 btc which is useless for most ppl.


Can someone who have a hitbtc account answer these questions? Im still surprised here because that would mean couldn't someone do lots of btc to eth or other altcoins and not get verified? Im just surprised an exchange would allow this. Shapeshift does allow it but of course there are huge fees for it so im curious about hitbtc.


Thanks.
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08-15-2017 , 08:17 PM
I use bitfinex, poloniex, and I used to use kraken. Idk about any other exchanges but I really like bitfinex.

I think some of them have deposit and cashout limits depending on your verification level but you can transfer to and from different tokens/coins whatever you want.
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08-15-2017 , 08:40 PM
Quote:
Originally Posted by rubbrband
Yes, but what would you do to stop this? Crypto currency has been invented and it's impossible to stop the black market from using it. Should we stop law abiding citizens from using crypto in a futal attempt to stop illegal usage?

Some people wanted to ban VCRs because they can be used to make illegal copies.
You misunderstood. My opinion is the opposite - that untraceable currency is a good thing.
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08-15-2017 , 11:16 PM
Quote:
Originally Posted by dundalk
Forgive my innocence, but, am a lurker, who would like a few things clarified, just for history.

I first heard of Bitcoin, on DonkDown radio, in 2012 ? .. (I cant seem to get the old episodes to play), when someone .. maybe Bryan Micon ? was often heard ranting, that u HAD to buy the stuff, at $1 a coin, or whatever). He sounded a complete nutcase .. so, missed that one ..

I would love to use Bitcoin for sports betting (my business), but, residing in the Uk, any time I open a Bitcoin website, its says its blocked from my jurisdiction .. so, presumably I have to use a VPN to bypass .. and then trust someone with my money).

Listening to a few podcasts, it was mentioned that Bitcoin sports websites, would offer better margins .. like 2% over-round .. but, I cant find any.

Does anyone in the thread, trade sports in Bitcoin ? And can u recommend a site.

Thx
nitrogensports.eu - easy and trusted, but not best odds.
fairlay.com - more confusing imo, but supposedly good odds.
sports.betcoin.ag - some accusations etc about poker, but their sport section is decent imo (personally won 5 coins on promo there some years ago )
cloudbet.com - has been around long time too.

There are many more, like PowerBet, VitalBet, BetBaller, BitcoinRush, ebettle, etc. But some might not be trustworthy tbh. Best to do own research, bitcointalk.org is generally good for info about bitcoin gambling sites (most operators post on there too.)

You could have a look at spotodds.com too. It compares odds from bitcoin sport betting sites.
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08-16-2017 , 12:01 AM
Quote:
Originally Posted by ToothSayer
I must have butthurt you badly, bro. You've posted stuff like this several times. It's weird. It's like you want to make me look good. Why? Because I'm one of the few who put my balls out there and called this a "strong buy" when it was languishing at $200-$300 for an extended period.

Maybe I have you wrong and English isn't your first language?

January 2015 (at $250):


May 2015 (at $240):

I also argued very strongly against shorting Bitcoin.

We'll see what happens from here - it's gone up more than I expected since 2015 - but anyone who followed my recommendations made 5x their money at least. 16x if they followed the buy recommendation and didn't sell (I have never recommended a short/sell of bitcoin, although I probably would have around $1500 if I was sitting on 5x profit).

If making 16x your money is "not getting" something, I think a few people would enjoy my style of "not getting" it.
LOL. are you seriously pretending that your entire reason for calling a strong buy wasn't the upcoming ETF? and that you didn't think the whole thing was going to 0 without it? hahahahaha:

Quote:
Originally Posted by ToothSoother
Without an ETF this thing goes to zero. Protocols like Ripple or other altcoins do nearly everything better than bitcoin does. Bitcoin is fundamentally flawed by its processing time for a transaction, its difficulty of use, and the control/cost issues around mining, and will never mainstream and will thus eventually become worthless once a quality alternative anoncoin is doing well.

With an ETF, it probably goes up a lot at first, and then who knows after that.

cryptocuck actually called ripple a protocol and he thought altcoins actually do nearly everything better than bitcoin does. except the network effect, which is literally the only thing that has kept it going since day 1.

Quote:
Originally Posted by invictus-1
lol'd @ over 16k posts of idiots being beaten down by the likes of TomCollins and then still seeing this low-level drivel from someone like ToothSoother.

anyway, i would like to bet you up to 10k that bitcoin will not go to 0 without an ETF.
you are a poser, ToothSayer. and the higher the price will go, the bigger of a poser you will be. it's beautiful. and the only reason i'm bringing this up because this is a greatly informative thread and it is my duty to keep everyone informed about who should be listened to with regards to crypto and who shouldn't be. for example, despite my past disagreements with him, TomCollins really knows his ****. he understands the technicals and economics of cryptocurrencies. you do not. making a tremendously awful call that bitcoin is going to 0 without an etf (and then refusing to put your money where your mouth is when i asked you to) is proof of this. that's all there is to me bringing this up, "bro."
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08-16-2017 , 02:51 AM
just fyi, this is only my opinion.

I have a ledger nano s now.


IMO, its a piece of ****.

more difficult to use than trezor
more onerous recovery process
pain in the ass to physically input pin every time
have to ****ing reinstall ledger app after recovery

just buy a trezor.
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08-16-2017 , 03:02 AM
Bitcoins - digital currency Quote
08-16-2017 , 03:38 AM
Quote:
Originally Posted by PaulyJames200x
Hey all to anyone that has used hitbtc i have questions and curious about this exchange. I use shapeshift to convert bitcoin to altcoins etc. Of course there is a huge fee with this when you count how much say LTH or other altcoins you get when converting btc. I believe i paid close to 250 dollars when converting 5000 dollars of bitcoin to another coin etc. I heard that is negative of shapeshift except there is no verification.


I read bittrex is good if you dont want to pay these ridiculous rates but they do require verification. I heard about hitbtc and they do not require verification. Is this true? If so i have few other questions.


So when converting btc to eth or ltc for example, so you are getting very close to the amount of eth or ltc with it? I read theres only a 0.1 percent fee? Thus if you convert 1000 worth of bitcoin ... you will get around 990 or so in eth or ltc? If you do this with shapeshift, you would get like 975 or so based on using shapeshift. I believe bittrex offers the lowest rates at 0.0025 percent. But 0.1 percent is still very low. So that mean one could do 5000 worth of bitcoin... and get back like 4950 worth of eth or ltc WITHOUT VERIFICATION?


I read you need to create an email address. So with that, thats all you need?


The other thing is do you need to use your real name in case something goes wrong? Or its no big deal using a real name since well there is many people in the world with same full name as you?


Im guessing the only time you need to do verification is when you do a bank wire or transfer and sell these coins or bitcoin for usd to your american bank account right? But if you only need to convert btc to eth or ltc or vice versa, this is probably the number 1 exchange to do it with where you do not need verification?


Also are there limits in total btc you can do without verification? So someone could transfer like 3k worth of btc for another altcoin or vice versa a day without any issue? Or there are limits? And if so, what are these limits? Because it seems like this would be the best exchange where you don't need to send in documents etc? Do i need to at least put a contact number on it? I heard bittrex allows you to do without verification as well but now the limits are like 0.0025 btc which is useless for most ppl.


Can someone who have a hitbtc account answer these questions? Im still surprised here because that would mean couldn't someone do lots of btc to eth or other altcoins and not get verified? Im just surprised an exchange would allow this. Shapeshift does allow it but of course there are huge fees for it so im curious about hitbtc.


Thanks.
You need to input name and full address. Then you also need to verify a phone number by typing in a code you receive by sms. If you don't do any trades, deposits or withdrawals with USD, that get's you withdrawals of up to 3 BTC per day.

If you decide to lie on any of those entries, that's a risk/reward calculation you will have to do on your own. They might ask you for further identification, and then you're ****ed. If you want to stay as anonymous as possible, you should use TOR as well.
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08-16-2017 , 04:22 AM
Quote:
Originally Posted by NLNico
nitrogensports.eu - easy and trusted, but not best odds.
fairlay.com - more confusing imo, but supposedly good odds.
sports.betcoin.ag - some accusations etc about poker, but their sport section is decent imo (personally won 5 coins on promo there some years ago )
cloudbet.com - has been around long time too.

There are many more, like PowerBet, VitalBet, BetBaller, BitcoinRush, ebettle, etc. But some might not be trustworthy tbh. Best to do own research, bitcointalk.org is generally good for info about bitcoin gambling sites (most operators post on there too.)

You could have a look at spotodds.com too. It compares odds from bitcoin sport betting sites.
Thx for your hep.

I looked at Nitrogen, and it seems a v well laid out site. The sums available to bet, on my chosen sports, are 0.09 BTC .. so, fairly small, but, u have to start somewhere .. and its probably good.

I will start the process, if I can find a way, to buy, maybe 0.25 BTC.

Will try update the thread, on the pros and cons, of using a BTC sports site.
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08-16-2017 , 04:46 AM
Quote:
Originally Posted by invictus-1
LOL. are you seriously pretending that your entire reason for calling a strong buy wasn't the upcoming ETF?
I think there is something broken in your brain, bro. I mean, the quote itself directly contradicts your claim:
Quote:
Originally Posted by ToothSoother
Bitcoin is forming a nice base here. Four solid months of stability in the $200-$300 range. A $3 billion market cap must be about congruent with the size of the illegal economy that sustains bitcoin.

Gives me even more conviction that this is a strong buy pending the events that will put it over $1000 one last time before dying forever.
Do you know what the word "entire' means? You keep making false claim after false claim. It's ****ing bizarre man. Like you are so butthurt and enraged you can't even think straight.

Bitcoin was a strong buy because at $250, the illegal economy formed a medium term base stopping it going any lower (hence little to no downside risk in the medium term), and there were possible upside events, including an ETF, which would send it higher. Your claim that my "entire reason" for calling it a strong buy was an ETF is demonstrably false.

This is like the fourth time I've called out your blatant lies. At this point you're discrediting yourself with every post.

Quote:
and that you didn't think the whole thing was going to 0 without it?
Of course bitcoin is going to zero without an ETF. As I said.
Quote:
Originally Posted by Toothsayer
Protocols like Ripple or other altcoins do nearly everything better than bitcoin does. Bitcoin is fundamentally flawed by its processing time for a transaction, its difficulty of use, and the control/cost issues around mining, and will never mainstream and will thus eventually become worthless once a quality alternative anoncoin is doing well.
My position is crystal clear, bro. Bitcoin had a medium term base/lower bound at $250, had events that could send it much higher, but was doomed to die eventually without rapid mainstream investment, as altcoins would crush it.

Quote:
cryptocuck actually called ripple a protocol and he thought altcoins actually do nearly everything better than bitcoin does.
It's called the Ripple Protocol. If you object to the use of the term protocol, then take it up with them?

Altcoin returns have crushed Bitcoin since my post. Even Ripple has beaten Bitcoin since my posts. Bitcoin is already being overtaken by altcoins, an outcome much of the bitcoin fraternity would have mocked back in 2015. Hell, my bullishness on Ethereum back then was seriously mocked. Who are the posers, again?
Quote:
you are a poser, ToothSayer.
How exactly am I posing? I offered opinions on the tradeability of bitcoin, on which I was spot on (don't short, strong buy). I offered opinions on the future of altcoins vs bitcoin (which were spot on). I offered opinions on the long term future of bitcoin, a time frame which hasn't been reached yet.

I've openly said I would have sold at $1500 and didn't expect it to go as high as it is now, back in 2015. I'm not sure what I'm supposed to be "posing" about.
Quote:
and the higher the price will go, the bigger of a poser you will be. it's beautiful. and the only reason i'm bringing this up because this is a greatly informative thread and it is my duty to keep everyone informed about who should be listened to with regards to crypto and who shouldn't be.
You're ****ing insane, bro. I haven't posted in this thread in months, and you come out of the blue straight up lying. I'm not sure why I occupy so much space in your head, but it's gratifying I guess.
Quote:
(and then refusing to put your money where your mouth is when i asked you to) is proof of this. that's all there is to me bringing this up, "bro."
Dude, most people realize you're a weirdo at this point, and a liar. The history of me calling this a strong buy and arguing strongly against a short is in this very thread. Why would I place a bet with some weirdo on the Internet about what's going to happen to Bitcoin in 5 or 10 years time? Acting like me not taking a bet with someone who'll be insolvent, should Bitcoin go to zero, proves something, is just bizarre. Especially when I wanted to take the other side in the medium term (having bitcoin as a strong buy at $250).

Anyway, you can keep tarding up the thread, or get some treatment for your obsession with me. Perhaps you regret not taking my advice and buying Bitcoin at $250, when most of the bulls were despairing?
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08-16-2017 , 05:05 AM
"you're obsessed with me because you keep pointing out that i said bitcoin was a **** technology going to 0 without an etf and i was dead wrong ( you are embarrassing yourself bro!!"

"dude, you are such a weirdo, that's why i didn't bet with you!"

"dude," you were wrong, you don't know **** about bitcoin and "everyone can already see" that you don't understand crypto. especially that part about the underground economy that you pulled straight out of your ass. just admit it like you already have and move on like a man. no need to resort to high school theatrics, "bro."

i'll be on the lookout for more of your **** crypto predictions and be back to roast you then about not betting with me about bitcoin going to 0, cryptocuck.
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08-16-2017 , 05:15 AM
Quote:
Originally Posted by invictus-1
"dude," you were wrong, you don't know **** about bitcoin and "everyone can already see" that you don't understand crypto. especially that part about the underground economy that you pulled straight out of your ass. just admit it like you already have and move on like a man. no need to resort to high school theatrics, "bro."
TomCollins agreed with me on that, it was good analysis, and more than you've ever contributed on Bitcoin.
Quote:
i'll be on the lookout for more of your **** crypto predictions and be back to roast you then about not betting with me about bitcoin going to 0, cryptocuck.
They've been spot on so far. Alts have come out of nowhere to beat bitcoin returns, ethereum was a great bet (better than bitcoin), and bitcoin was indeed a strong buy at $250. Thanks for playing.

And thanks for making me look good. It's always nice to go back and quote my "strong buy" recommendations that were a 16 bagger today if followed. The only time I've ever got to crow about my bitcoin predictions is when your obsessive neurons fire and you decide out of the blue you want to post about me in the bitcoin thread, despite me not posting in for months or years, and you force me to correct your lies with actual quotes. See you in a couple of months I guess.
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08-16-2017 , 05:19 AM
invictus, take a chill pill.
Also, why would you want to bet with him? You could just put that money in BTC instead, and make more money if you're right.
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08-16-2017 , 05:23 AM
Quote:
Originally Posted by ToothSayer
They've been spot on so far.
hahaha.

you mean except the most major prediction about it going to zero without an ETF.

and your admission that your prediction was wrong:
Quote:
I've openly said I would have sold at $1500 and didn't expect it to go as high as it is now, back in 2015.


Quote:
Originally Posted by Mat Cauthon
invictus, take a chill pill.
Also, why would you want to bet with him?
because he talked a lot of **** in 2015 but was unwilling to put his money where his mouth was. he is literally a poser.

Last edited by invictus-1; 08-16-2017 at 05:30 AM.
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08-16-2017 , 05:48 AM
Quote:
you mean except the most major prediction about it going to zero without an ETF.
If bitcoin doesn't mainstream, it dies. Between regulation and alternatives which will have corporate support, it will not survive. My view has neither changed nor been disproven yet.
Quote:
because he talked a lot of **** in 2015 but was unwilling to put his money where his mouth was. he is literally a poser.
So because I don't bet with you on a ten year time frame (which you'll never honor), I'm a poser? Weird, bro. Without escrow you'd be nuts to bet with a bticoin bull, they'll become insolvent and disappear on the way down. Same reason you can't short - the places where you can short are likely going to go bust if bitcoin collapses. If I could trust you, the bet would be a no brainer due to the fact that you can hedge.

One of the traders here has a different view on an ETF. He argues that the inability of well capitalized, capable players to short bitcoin for size with a reliable counterparty means that no one has an incentive to try and destroy it. Once that becomes possible, destabilizing bitcoin becomes a very profitable endeavor.
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08-16-2017 , 06:19 AM
Quote:
Originally Posted by ToothSayer
If bitcoin doesn't mainstream, it dies.
wrong.

you just absolutely do not ****ing get it. even 2 years later, you are still a cryptocuck.

nobody that knows anything about crypto even holds this view anymore. bitcoin doesn't need to do anything besides what it's already doing -- providing a great alternative to send money literally to anyone in the world. even at $50 per transaction. TomCollins said this years ago and he was absolutely right.

it literally does not need to do anything else to survive.

Quote:
Originally Posted by ToothSayer
So because I don't bet with you on a ten year time frame (which you'll never honor), I'm a poser?
don't worry about what i will honor, should've just chosen to escrow and i would have had to eat my words if i declined and you know this.

you are a poser because you vehemently made strong claims and you were not willing to back them up by following through with a bet the terms of which could have been discussed to resolve the lack of trust between the betting parties. those claims also turned out to be wrong (as you have admitted already). that literally makes you a poser.
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08-16-2017 , 08:09 AM
Quote:
Originally Posted by NLNico
nitrogensports.eu - easy and trusted, but not best odds.
fairlay.com - more confusing imo, but supposedly good odds.
sports.betcoin.ag - some accusations etc about poker, but their sport section is decent imo (personally won 5 coins on promo there some years ago )
cloudbet.com - has been around long time too.

There are many more, like PowerBet, VitalBet, BetBaller, BitcoinRush, ebettle, etc. But some might not be trustworthy tbh. Best to do own research, bitcointalk.org is generally good for info about bitcoin gambling sites (most operators post on there too.)

You could have a look at spotodds.com too. It compares odds from bitcoin sport betting sites.
Nitrogen is well known for robbing winners.
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08-16-2017 , 08:35 AM
"well known".. do you have a source?

Cannot find any real scam accusation on bitcointalk. If they were really "robbing winners", there would be a ton of complaints and negative trust on their trust page.

While I don't even sport bet that much (been using them since '14 though), I am very active in bitcoin gambling community and AFAIK they have a good reputation.

Last edited by NLNico; 08-16-2017 at 08:42 AM.
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